Penalties in Obamacare to rise in 2015

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Finding out what’s in it: Based on how the law was written, the Obamacare penalties for not having insurance will jump significantly in the next two years, going from trivial to serious.

The fines for the 2014 year were relatively modest — $95 per person or 1 percent of household income (above the threshold for filing taxes), whichever is more. But insurance scofflaws face a sharp increase if they don’t get covered soon. The fine will jump in 2015 to $325 or 2 percent of income, whichever is higher. By 2016, the average fine will be about $1,100, based on government figures.

But don’t worry, that’s not all. The law is also going to impact small businesses badly in 2015.

So, explain to me again why you voted for the Democrats who created this law?


One comment

  • D K Rögnvald Williams

    A new friend of mine moved to S.C. from CA. to escape the high cost of living. She has a part-time job with no health care. Until she finds a better job she is struggling to survive. It looks like she will have to pay the Obamacare fine which she cannot afford. This just adds insult to injury.

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