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Thursday, April 22, 2010

4 Million To Pay Health Care Fee

So says the CBO.

Nearly 4 million Americans will have to pay a penalty if they fail to get health insurance when that element of President Barack Obama's health care overhaul law kicks in, according to congressional projections released Thursday.

The penalties will average a little more than $1,000 apiece in 2016, the Congressional Budget Office said in a report.

The vast majority of people paying the fine will be middle class, which would violate Obama's 2008 campaign pledge not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000.

This appears to be another example of the media not getting nuance. Everyone that fails to get health insurance will be fined. So, all Americans will be fined if they fail to get health insurance. I assume that the CBO has estimated that four million Americans will not get health insurance by 2016 and face that fine.

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