“All those who are unlucky enough to be without health insurance better get ready to pay up, because the ObamaCare-mandated fines for not having insurance are rising in 2015. And for the first time ever, the fines will be collected by the IRS.
“Earlier this year, the individual requirement to buy health insurance went into effect. However, this coming tax season is the first time all taxpayers will be required to report to the Internal Revenue Service whether they had health insurance for the prior year.
“In 2015, the fine will jump to $325 or 2 percent of income, whichever is higher. Compared to $95 per person or 1 percent of household income (above the threshold for filing taxes) in 2014, this is a significant increase by all accounts. In fact, based on government figures, the average fine will be about $1,100 by 2016.
“A health policy expert at the nonpartisan Urban Institute, Stan Dorn, said: “we could be looking at a real train wreck after February 15th. People will file their tax returns and learn they are subject to a much larger penalty for 2015, and they can do absolutely nothing to avoid that.”
“The reason for this is that February 15th, 2015 is the last day of open enrollment under the health care law. After that only people with special circumstances can sign up. But, according to a Kaiser Family Foundation poll, only 5 percent of uninsured people know the correct deadline.
“Essentially, what’s going on here is that every American citizen is now being coerced into paying for Obama’s campaign significantly; the really devastating part is the fact that it’s all being done legally. Obama’s has managed to make the law work in his favor and has really done a number on all of us”, say the Senate Republicans.