Tax penalty to hit nearly 6M uninsured people

September 20, 2012 by Ricardo Alonso-zaldivar

(AP)—Congressional budget analysts are now estimating that nearly 6 million Americans—most of them in the middle class—will have to pay a tax penalty for not getting health insurance once President Barack Obama's health care law is fully in place.

That's 2 million more than a previous estimate found, or a 50 percent increase. The average penalty will be nearly $1,200.

Starting in 2014, the new health care law requires virtually every legal resident of the U.S. to carry health insurance, or face a tax penalty. The Supreme Court upheld Obama's law as constitutional after finding that the penalty fell within the power of Congress to impose taxes.

The nonpartisan said Wednesday the penalty will raise $6.9 billion when fully in effect in 2016.

Explore further: US High court upholds key part of Obama health law

shares

Related Stories

US High court upholds key part of Obama health law

June 28, 2012
(AP) — The US Supreme Court on Thursday upheld the individual insurance requirement at the heart of President Barack Obama's health care overhaul.

Romney threads position on health law 'tax'

July 5, 2012
Republican White House hopeful Mitt Romney has appeared to contradict previous campaign statements by saying President Barack Obama's health reform law entails a "tax" and not a penalty.

Aide says Romney thinks US health mandate not a tax

July 2, 2012
A top aide to White House hopeful Mitt Romney thrust a wrench Monday into the Republican attack line that President Barack Obama's individual health insurance mandate is a tax, arguing it's actually a penalty.

US Supreme Court sets hearings on Obama health reform

December 19, 2011
The US Supreme Court will hear evidence challenging President Barack Obama's health care reform -- which has come under fire from Republicans -- over three days in March, a spokeswoman said Monday.

US Supreme Court opens health care reform case

March 26, 2012
The US Supreme Court appeared set to press ahead with an explosive review of President Barack Obama's signature health care reform law Monday at the start of three days of complex hearings.

Recommended for you

Amber-tinted glasses may provide relief for insomnia

December 15, 2017
How do you unwind before bedtime? If your answer involves Facebook and Netflix, you are actively reducing your chance of a good night's sleep. And you are not alone: 90 percent of Americans use light-emitting electronic devices, ...

Warning labels can help reduce soda consumption and obesity, new study suggests

December 15, 2017
Labels that warn people about the risks of drinking soda and other sugar-sweetened beverages can lower obesity and overweight prevalence, suggests a new Johns Hopkins Bloomberg School of Public Health study.

Office work can be a pain in the neck

December 15, 2017
Neck pain is a common condition among office workers, but regular workplace exercises can prevent and reduce it, a University of Queensland study has found.

Regular takeaways linked to kids' heart disease and diabetes risk factors

December 14, 2017
Kids who regularly eat take-away meals may be boosting their risk factors for heart disease and diabetes, suggests research published online in the Archives of Disease in Childhood.

Simulation model finds Cure Violence program and targeted policing curb urban violence

December 14, 2017
When communities and police work together to deter urban violence, they can achieve better outcomes with fewer resources than when each works in isolation, a simulation model created by researchers at the UC Davis Violence ...

Your pets can't put your aging on 'paws'

December 14, 2017
(HealthDay)—In a finding that's sure to ruffle some fur and feathers, scientists report that having a pet doesn't fend off age-related declines in physical or mental health.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.