Here are four key points:
1. The 2016 tax penalty soars above the 2015 penalty of $661 per household.
2. In 2016, the tax penalty will hit $695 per uninsured adult, or 2.5 percent of household income, whichever is greater. This compares to $325 per uninsured adult, or 2 percent of household income, in 2015.
3. In 2014, about 7.5 million Americans paid an average of $200 in tax penalties for lack of health insurance, according to the Internal Revenue Service.
4. Based on a Kaiser Family Foundation tracking poll, many Americans view the tax penalty as the worst part of the health law.
Learn more about the value of outsourcing revenue cycle management — Click here!
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