The Supreme Court has upheld the mandate to buy health insurance — ruling that it is a tax and not a penalty as originally billed by supporters.
“The federal government does not have the power to order people to buy health insurance,” Chief Justice John Roberts wrote for a divided court. “The federal government does have the power to impose a tax on those without health insurance.”
The mandate requires people to have health insurance or face a considerable fine.
Starting in 2014, individuals must be insured or pay a penalty.
The amount of the penalty rises annually from 2014 to 2016 and is adjusted for inflation thereafter.
In 2014, the penalty will be no more than $285 per family or 1% of income, whichever is greater. In 2015, the cap rises to $975 or 2% of income. And by 2016, the penalty would be up to $2,085 per family or 2.5% of income, whichever is greater.
The dollar amounts for a single adult would be $95, $325 and then $625 during that same time period.
The mandate goes into effect in 2014 and is just one of the provisions that will help pay for the Affordable Care Act. The law will subsidize coverage for low- and middle-income Americans and expand eligibility for Medicaid. The federal government is set to spend more than $1 trillion over the next decade to do so. There are also a slew of spending cuts as well as other taxes and fees that will be paid by health sector companies and hospitals; employers and consumers.
Americans are outraged over the decision and must fight harder than ever if they want a change in the White House this November. To get rid of Obamacare, we must get rid of Obama.
Public sentiment is everything, with it nothing can fail, without it nothing can succeed – Abraham Lincoln