Thanks to the 2018 tax legislation after 2018 the penalty is …
but there is nothing to cheer about.
In order to keep any insurance reasonably affordable, you need a diverse risk pool. That simply means you need people paying premiums who incur little or nothing in the way of claims. That is why there was an insurance mandate in Obamacare in the first place.
The Trump administration’s elimination of the incentive to carry coverage is shortsighted and will be costly to many Americans in two ways.
First, the premiums for those who do carry insurance will be higher because those likely to forgo insurance will not be those with significant health care needs.
Second, to the extent the uninsured do incur health care bills, they will be the responsibility of society one way or another.
Once again politicians and policy makers ignore the consequences of their actions.