Six Million Americans Face Tax Penalty For Lack Of Health Insurance In 2016—15% Due To Supreme Court Decision
By 2016, after the launch of the Patient Protection and Affordable Care Act of 2010 (PPACA) health insurance exchange and individual health insurance mandate, the Congressional Budget Office (CBO) estimates that six million Americans will likely pay a tax penalty for failure to obtain health insurance. The estimated number of uninsured people subject to the tax penalty is higher by two million people, with 15% of the increase due to the June 2012 Supreme Court decision that now allows individual states to opt out of the PPACA Medicaid expansion to low-income single adults without disabilities who earn up to . . .
