The Obamacare Individual Mandate Tax is Failing the American People, Julia Lawless 202-224-4515
The Obamacare Individual Mandate Tax is Failing the American People Time to Provide Real Relief to Hardworking Americans
Obamacare's individual mandate forces Americans to purchase health insurance, even if they cannot afford or do not want it, or face a steep and punitive tax. Included in Chairman Hatch's modified mark of the Tax Cuts and Jobs Act is the repeal of Obamacare's burdensome individual mandate tax.
Here's how the policy is failing Americans:
FACT: Obamacare Penalties Hurt Low-Income Americans
* According to the
* This year, the tax for not purchasing insurance is 2.5 percent of household income, or
* Obamacare premiums are so high that millions of Americans were forced to pay this fine rather than pay thousands of dollars for coverage that doesn't fit their needs.
FACT: The Individual Mandate Hasn't Worked
* The way the individual mandate tax has been implemented has failed to expand the insurance pool adequately, meaning healthier, younger Americans are left to foot much of the bill for rising healthcare costs and premiums.
FACT: The Individual Mandate Is Unpopular
* The majority of Americans have an unfavorable view of Obamacare's individual mandate tax.
* 63 percent view the individual mandate tax somewhat or very unfavorably.
Background
According to the
A copy of the chairman's modified mark can be found at: https://www.finance.senate.gov/imo/media/doc/11.14.17%20Chairman's%20Modified%20Mark.pdf.
A score of the modified mark may be found at: https://www.finance.senate.gov/imo/media/doc/11.14.17%20Chairman's%20Modified%20Mark%20Score.pdf.
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