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Otherwise, they were required to pay the individual shared responsibility payment as a fine. [2] [3] It was one of the many Affordable Care Act tax provisions. The federal tax penalty for violating the mandate was eliminated by the Tax Cuts and Jobs Act of 2017, starting in 2019. [4]
The ACA also established a penalty tax (related to the individual mandate) for individuals without adequate insurance, an excise tax on employers with 50 or more workers who offer insufficient coverage, annual fees on health insurance providers, and the "Cadillac tax" (yet to be implemented as of 2017) on generous employer-sponsored health plans.
A January 9, 2017 Congressional Research Service report entitled "Legislative Actions to Repeal, Defund, or Delay the Affordable Care Act," noted that since ACA was passed in 2010, Congress has been deeply divided over the ACA. Lawmakers opposed to specific provisions in the ACA or the entire law have repeatedly debated its implementation and ...
The Congressional Budget Office said that repealing the individual mandate for health insurance would reduce the federal budget deficit less than forecast. CBO revises deficit estimate from ...
The judge says the Affordable Care Act individual mandate is unconstitutional and can't be separated from the rest of Obamacare.
The increase in the threshold for the itemized medical expense deduction from 7.5% to 10% of AGI (originally scheduled to take effect on January 1, 2017) goes into effect (per the Tax Cuts and Jobs Act of 2017). The repeal of the "individual mandate" by the Tax Cuts and Jobs Act of 2017 goes into effect, reducing the tax penalty to zero. [150]
The case concerns the Affordable Care Act provision that mandates insurers cover ... if its individual mandate was upheld by the Supreme Court, it would “mark an end to any meaningful limit on ...
On December 20, 2017, the individual mandate was repealed starting in 2019 via the Tax Cuts and Jobs Act of 2017. [81] The CBO estimated that the repeal would cause 13 million people to lose their health insurance by 2027. [82]