"Though the stated goal of Obamacare is to increase the number of Americans with health insurance, the government’s accounting arm estimates it will get a revenue boost from those that do not buy coverage, anticipating $185 billion over the next decade in penalties from non-compliant individuals and employers.
President Barack Obama, with Vice President Joe Biden, speaks in the Rose Garden of the White House in Washington, Tuesday, April 1, 2014, about the Affordable Care Act. (AP Photo/Carolyn Kaster)“People who do not obtain coverage will pay the greater of two amounts: either a flat dollar penalty per adult in a family, rising from $95 in 2014 to $695 in 2016 and indexed to inflation thereafter (the penalty for a child is half the amount, and an overall cap will apply to family payments),” a new report from the Congressional Budget Office and Joint Committee on Taxation stated. The report said this could also be 1 percent of the household’s income."
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