87% Of Uninsured Can Avoid ObamaCare Mandate Tax: CBO

Investor's Business Daily ^ | 06/05/2014 | John Merline

[IBD editorial writer]

Almost none of the uninsured will end up paying the ObamaCare mandate penalty, according to an updated analysis by the Congressional Budget Office, which found that 87% will be able to claim an exemption.

That exemption rate is higher than the CBO had previously thought, which not only blows a hole in its budget forecast for the law, but also increases the odds of an insurance industry "death spiral."

According to the CBO's latest estimate, out of the 30 million people who will still be uninsured in 2016, just 4 million will end up paying any tax penalty, despite the law's requirement that everyone buy government-approved insurance.

[bobby.223]

“Irony”?! Heck, I’ll bet the worm thinks that is something for his ‘Washing Machine’ to do with the laundry when she finishes that up! (WM: “mista alec, mista alec, irony now?” Alex: “Damn it no!!! Wash ‘em first then irony!!” WHERE IS THE QUOTE LIAR????

[AllAmericanGirl44]

Bobby, you are cracking me up!

[gitmo]

It’s the old adage of the monies being nice to the crocodile, hoping he will eat me last.

[gitmo]

Pretty sure this new information will skew the CBO’s budget projections as far as new revenue is concerned. Homer Simpson might say “Doh”!!

Only if they are allowed to use it. They are told what assumptions to use in each analysis.