KHN Morning Briefing

Summaries of health policy coverage from major news organizations

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Consumers Who Opt Against Health Coverage May Be Surprised At Tax Penalty’s Size

Going without health insurance will cost $695 or 2.5 percent of income, whichever is greater. But some consumers who did pick up coverage on the health law's marketplaces still find their share of costs is hefty.

The Philadelphia Inquirer: Uninsured In 2016? Coverage Might Be Cheaper Than The Penalty
Are you among the shrinking number of Americans without health insurance? If so, you could face a hefty penalty in 2016. The cost of going without coverage is $695 or 2.5% of your income, whichever is greater. It will be added to the amount you owe in federal income tax when you file your return for the year. That’s a lot of money to pay when you get nothing in return. Many people choose to accept the penalty because they think it’s cheaper than the cost of coverage. But a lot of them may be wrong. (Field, 1/14)

And President Barack Obama remembers a key moment in his presidency —

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