CBO: Obamacare mandate will cost 6 million taxpayers $7 billion in 2016

The individual mandate in President Obama’s health care law will cost 6 million taxpayers a total of $7 billion in 2016, according to new estimates by the Congressional Budget Office. The cost will then average around $8 billion from 2017 through 2022.

The health care law requires Americans to either purchase government-approved insurance or pay a penalty. The mandate starts in 2014, and the penalties fully go into effect in 2016. The CBO estimates that 30 million will be uninsured by that year, but most will be exempted from the mandate, because they are unauthorized immigrants, members of Indian tribes, or don’t earn enough income to file taxes, among other reasons.

http://washingtonexaminer.com/cbo-obamacare-mandate-will-cost-6-mil...