Uninsured continue to do basic Obamacare tax math.

Well, this sounds awkward. As you probably already know, people who don’t get Obamacare-approved insurance have to pay a tax. In fact, the tax is supposed to be what gets people to buy Obamacare-approved insurance. And how is it working out? Well…

Major tax-preparation firms say many customers are paying the penalty and not getting health insurance. It is still early, since the special enrollment period launched Sunday, but research also suggests that many people who lack health insurance will pay the penalty and not get covered this year.

Only 12% of uninsured people would buy policies if informed of the penalty, according to a survey of 3,000 adults polled through Feb. 24 by McKinsey & Co.’s Center for U.S. Health System Reform.

Bolding mine. Anyway, it’s starting to look like Obamacare was a poor solution to what was at best a largely inflated problem.  Well, more accurately, it’s starting to be obvious that Obamacare was a poor solution.

Moe Lane

PS: The article also notes that probably half the people who got subsidies are going to have to give some of that money back to the government.  That sounds about right, given earlier reporting. Gee, I wonder how happy all those people are going to be about that?

6 thoughts on “Uninsured continue to do basic Obamacare tax math.”

  1. Yes, that was the point. There were supposed to be happy little payoffs in all the patches……. Alas, the Republicans have stood tall, and there are no patches to be seen. If any ask you, what does “Too clever by half” mean, show them the ACA…..

  2. I’m sure the Dems are real broke up about more tax revenue. Hell, I bet they prefer that people pay the penalty just so they get to spend the cash.

    1. They spend the cash anyway. Who cares where it comes from?
      .
      None of the people in this group matter at all to the Democrats. They don’t donate to political causes in large quantities. If they did, the “law” would have been interpreted to ensure their welfare.
      .
      See also: “Risk corridors”.

  3. Is attempting the hardship exemption route insane? As I don’t get any benefits until beyond > $10,000, and I don’t even have that much in savings, paying for this thing is a hardship. Thoughts?

    1. What little I’ve seen, it’s darn easy. I think you qualify if you are late on your power bill. (Don’t quote me, just something I saw looking through the Internet…..).

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