News Headlines Article

Obamacare’s effect: The ‘young invincibles’
The Mercury News

To make Obamacare work, the government needs to persuade millions of young and healthy people to buy insurance. Nicknamed the “young invincibles,” this group is critical to the equation because they would help subsidize the cost of insuring older and sicker people.

Those who resist will have to pay a penalty of $95, or 1 percent of their annual income — whichever is greater. By 2016, the penalty will grow to $695, or 2.5 percent of income.