This is how many Americans paid the Obamacare fine in 2016 to avoid buying costly insurance

This is how many Americans paid the Obamacare fine in 2016 to avoid buying costly insurance

[Ed. – This is especially interesting because, as I understand it, the Obamacare law made no provision for active collection of the fine, or penalties for not paying it.  In other words, if you aren’t owed a refund when you file your tax return, there’s no way it can be collected from you.  We can’t tell if this total includes the number of people who didn’t pay the fine, even if it was assessed on them.]

Obamacare has completely distorted the health care sector to the point where an astounding number of Americans simply paid the fine from the individual mandate rather than paying for insurance.

The total number of people who paid the fine instead of enrolling in Obamacare in 2016: 6.5 million.

And if the individual mandate were repealed, an additional 15 million people would drop out of Obamacare. …

The fact that millions of people simply paid the fine in 2016 and millions more would drop out of Obamacare if the individual mandate was nixed, highlights the problem of the death spiral: as costs rise due to Obamacare’s burdensome regulations, people will forgo insurance altogether, thus causing costs to increase even more due to less money in the risk pool.

Continue reading →


Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

You may use HTML in your comments. Feel free to review the full list of allowed HTML here.