While President Barack Obama touts Obamacare, saying that it “has done what it was designed to do,” millions of Americans have paid hundreds of dollars in penalties for not having insurance.
According to data released by the IRS, approximately 6.5 million Americans paid penalties averaging $470 for not having any insurance.
In 2015, the IRS collected $3 billion in penalties, according to a letter sent to congress by IRS Commissioner John Koskinen.
The agency warned that some data from 2015 is still being audited and that the current findings were preliminary.
Obamacare, which had reduced the uninsured by 20% in 2014, hosts the unpopular mandate that both Republican congressional leaders and the Trump administration have vowed to repeal.
Politico notes that if the mandate is not repealed, the 2017 penalty for uninsured adults will remain the same as in 2016 – $695 or 2.5 percent of the average household income, whichever is higher.
The penalty reflects a recent hike in costs; in 2015, the penalty was $325 or 2.5 percent of income.
H/T: The Daily Signal
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