JLF’s Katherine Restrepo writes here about the continuing problem ObamaCare has with Millennials — the young, healthy people who will be shouldering costs of medical care for older, sicker people. It seems the Millennials continue to say no thanks to ObamaCare, evidently planning to pay the penalty instead. Well, guess what’s coming? What’s coming is a pesky little detail about that $95 fine.
Earlier this month, the U.S. Department of Health and Human Services released (PDF) the most updated Obamacare exchange enrollment numbers. If uninsured individuals don’t purchase health insurance by March 31, they will be hit with a tax of $95 or 1 percent of income, whichever is greater.
Obamacare’s exchange enrollment period began Oct. 1 and is supposed to end March 31.
Do the math for yourself. I predict a whole lot of Millennials will be surprised to find out their penalty/tax is more than $95.
