[CA_soon_gone]

I got the email today. I’m canceled as of Jan 1. With some modest price increases next year this means my monthly payment goes from about $1k to $2k or more. This puts me well over the 8% of income line so no more insurance and no penalty.

[smartyaz]

Nearly a third of the innovative health insurance plans created under the Affordable Care Act will be out of business at the end of 2015, following announcements Friday that plans in Oregon and Colorado are folding.

In just the past week, four co-ops, as the nonprofit plans are known, have decided or been ordered to shut down. Their demise means that eight of the 23 co-ops in existence a year ago will be unavailable to consumers shopping for 2016 coverage through insurance marketplaces created under the ACA

[tumblindice]

Check out the Canadian drug companies’ low prices. Their prices should make American pharmacists blush, wear masks—or both.
So if your premiums exceed 8 per cent of your income, no penalty. Your spouse’s and your premiums, and your joint income?

[Pearls Before Swine]

This puts me well over the 8% of income line so no more insurance and no penalty.

I'm not all up to date on the ins and outs of the penalty. Could you explain that?