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Obamacare Health Insurance Penalties To Sky Rocket

Obamacare health insurancePost Date January 19, 2014 - Obamacare Health Insurance analysts say 6 million Americans will face penalties in 2016 if they refuse to purchase Obamacare Health Insurance as President Barack Obama’s health care overhaul is being fixed.

Obamacare Health Insurance Penalties are also unaffordable

The number of scoff laws is estimated at almost 50 percent higher than the amount calculated by the Congressional Budget Office.  This is not good news for the Patient Protection and Affordable Care Act.  The OMB estimated around 4,000,000 Americans will not be able to afford Obamacare Health Insurance will be forced to pay the penalty. Most of these Americans belong to the middle class.  The penalty for not being able to afford to Obamacare Health Insurance will be $1,200. If you can’t afford to buy Obamacare Health Insurance, where does the government expect you to come up with $1200.00.

“The bad news and broken promises from Obamacare just keep piling up,” expressed Representative Dave Camp, a Republican from Michigan who chairs the House Ways and Means Committee, as he refer to the number of Americans that will possible have to pay tax penalties as they could not have the mandated health insurance. Camp wants to abolish Obama’s health care reform law.

All residents of the United States of America are mandated to to purchase Obamacare Health Insurance this year or face a penalty which will exceed $1000.00.  The Congressional Budget Office says the government will collect  nearly 7 billion dollars from tax penalties. The Obama administration stated for the last 6 years 98 percent of the American people shall not be affected by the tax penalty.  According to Health and Human Services, the tax penalty should only affect those citizens who can afford to buy health insurance but chooses not to. Most people whom don’t purchase health insurance can’t afford it.

In addition, the administration views it that most Americans shall not worry on the said mandate since most of them already have health coverage as provided by their employers and other government programs such as Medicare.