Report: Obamacare penalty will be bigger than you think

Report: Obamacare penalty will be bigger than you think

The stick’s getting a lot bigger — but it’s not clear that many more people will choose the carrot as a result.

Households that opt to go without health insurance in 2016 are set to get hit with an average Obamacare fine of $969.

That is 47 percent higher than the average $661 penalty per uninsured household for this year, a new analysis by the Kaiser Family Foundation revealed Wednesday.

And households without insurance that earn too much to qualify for financial aid to buy Obamacare plans will pay an even larger fine for 2016 — an average of $1,450, versus the average of $1,177 for 2015.

Uninsured households that would qualify for Obamacare subsidies to help pay for coverage face an average fine of $738 — nearly double the $389 average for this year.

“It’s a substantial increase,” said Larry Levitt, senior vice president at the Kaiser Family Foundation, about the higher average fines.

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