News Headlines Article

As ACA deadline approaches, fines loom

The deadline for getting health insurance through a government-run marketplace is January 31, and skipping out on insurance this year could cost you double what it cost last year as fines climb to $695 per adult, or 2.5 percent of household income — whichever is greater.

But even with that bigger stick, Brian Blase with the Mercatus Center at George Mason said he expects plenty of people to sit this year out.

“It largely comes down to price and that the insurance is just expensive for people,” he said.