Tax penalty to hit nearly 6M uninsured people


                     
              FILE - In this March 28, 2012 file photo, supporters of health care reform rally in front of the Supreme Court in Washington on the final day of arguments regarding the health care law signed by President Barack Obama. Congressional budget analysts are now estimating that nearly 6 million Americans, most of them in the middle class, will have to pay a tax penalty for not getting health insurance once Obama's health care law is fully in place. That's 2 million more than a previous estimate found, or a 50 percent increase. Starting in 2014, the new health care law requires virtually every legal resident of the U.S. to carry health insurance, or face a tax penalty. The Supreme Court upheld Obama's law as constitutional after finding that the penalty fell within the power of Congress to impose taxes.  (AP Photo/Charles Dharapak, File)
            
                  FILE - In this March 28, 2012 file photo, supporters of health care reform rally in front of the Supreme Court in Washington on the final day of arguments regarding the health care law signed by President Barack Obama. Congressional budget analysts are now estimating that nearly 6 million Americans, most of them in the middle class, will have to pay a tax penalty for not getting health insurance once Obama's health care law is fully in place. That's 2 million more than a previous estimate found, or a 50 percent increase. Starting in 2014, the new health care law requires virtually every legal resident of the U.S. to carry health insurance, or face a tax penalty. The Supreme Court upheld Obama's law as constitutional after finding that the penalty fell within the power of Congress to impose taxes. (AP Photo/Charles Dharapak, File)
By RICARDO ALONSO-ZALDIVAR
Associated Press /  September 22, 2012
Text Size:
  • +
  • E-mail
  • E-mail this article

    Invalid E-mail address
    Invalid E-mail address

    Sending your article

    Your article has been sent.

Page 2 of 2 --

Romney says insurance mandates should be up to each state. The approach seems to have worked well in Massachusetts, with virtually all residents covered and dwindling numbers opting to pay the penalty instead.end of story marker

  • E-mail
  • E-mail this article

    Invalid E-mail address
    Invalid E-mail address

    Sending your article

    Your article has been sent.