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Reform Update: Obamacare’s insurance mandate could be toothless in 2014
Modern Healthcare

The Obama administration has made the individual mandate its line in the sand for the Patient Protection and Affordable Care Act. Despite delaying or tweaking numerous provisions—most notably the requirement that businesses with more than 50 employees provide coverage—federal officials have refused to yield on the insurance requirement for individuals.

The financial penalty isn’t particularly onerous in the first year. It’s 1% of income or $95, whichever amount is higher. The penalty rises to 2.5% of income, or $695, in 2016.