Obamacare Fines Rising to Nearly $1,000 for Uninsured

Americans who remain uninsured next year will pay substantially more in penalties to the IRS — an average of $969 per household — under Obamacare rules, according to a new nonpartisan analysis.

That’s a jump from the 2015 penalty of $661 for those who opt out of insurance and are not exempt from the Affordable Care Act, according to the Kaiser Family Foundation analysis.

Individuals pay the penalty when they complete their federal taxes in the spring.

Under the so-called “individual mandate” of Obamacare, the penalty for going uninsured started out at $95 — or 1 percent of family income, whichever was greater — in 2014. In 2016, it will rise to $695 per adult, plus $347.50 per child, up to a maximum $2,085 for a family — or 2.5 percent of family income.