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Wednesday, November 26, 2014

The Obamacare penalty for being uninsured is set for a steep rise

http://money.cnn.com/2014/11/21/news/economy/obamacare-penalty/index.html

Obamacare requires that most everyone have health insurance or pay a penalty - and the levy is set for a steep increase in 2015.

The 2014 penalty is just $95 or 1% of income, whichever is larger. In 2015, those without insurance will pay the larger of $325 or 2% of income. That means you could end up shelling out hundreds, or even thousands, of dollars for forgoing coverage. 

Lets stop calling it Healthcare, its farther from the truth. This is a Health loan and a Tax, and has ZERO! to do with Healthcare or Health insurance.

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