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CBO: Penalty tax on uninsured could yield $7 billion in 2016
Modern Healthcare

The federal government could receive about $7 billion in collections from the approximately 6 million Americans who will pay a penalty tax because they are uninsured in 2016, according to new estimates from the Congressional Budget Office. In 2014, the Patient Protection and Affordable Care Act will require most legal U.S. residents to buy health insurance or to pay a penalty if they fail to do so.

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