Penalty..............ain't no stinkin' penalty
Fewer people hit with Obamacare penalty last year - Aug. 24, 2017
Some 4 million households paid the Obamacare penalty for not having health insurance last year, new Internal Revenue Service data shows.
That's down from 5.6 million a year earlier.
The average penalty was $708, according to the report filed by the agency's Taxpayer Advocate Service, which looked at returns filed through April 27.
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Also, roughly 10.7 million households requested exemptions from the individual mandate, which requires nearly all Americans to have coverage or pay a penalty. People can request exemptions for a variety of reasons, including if coverage is considered unaffordable -- when premiums are more than 8.13% of their household income -- or they were unable to renew existing coverage.
Fewer people hit with Obamacare penalty last year - Aug. 24, 2017
Some 4 million households paid the Obamacare penalty for not having health insurance last year, new Internal Revenue Service data shows.
That's down from 5.6 million a year earlier.
The average penalty was $708, according to the report filed by the agency's Taxpayer Advocate Service, which looked at returns filed through April 27.
Powered by SmartAsset.com
SMARTASSET.COM
Also, roughly 10.7 million households requested exemptions from the individual mandate, which requires nearly all Americans to have coverage or pay a penalty. People can request exemptions for a variety of reasons, including if coverage is considered unaffordable -- when premiums are more than 8.13% of their household income -- or they were unable to renew existing coverage.