Friday, June 29, 2012

Mostly People With Income Below $60,000 Will Pay The Health Care Penalty

Keith Hennessey in his blog post, "Who will pay the ObamaCare uninsured tax?" finds, based on a previous CBO analysis, that only 1 out of 5 uninsured, 3.9 million of the estimated 21 million uninsured, will be required to pay the new health care law penalty (tax) for lacking health insurance due to exemptions written into the law. Seventy-five percent of those paying the health insurance penalty will have a yearly income under $59,000 per year.

Read Keith's complete post.

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