Freedom Line Blog

The individual health care mandate contained in the so-called Baucus Bill will hit low-income taxpayers, according to the Congressional Budget Office (CBO).

The CBO recently released a chart to the public which illustrated that those making $30,000 to $40,000 (100% to 200% of the federal poverty level) would pay over $200 million in fines for failing to obtain government-approved health care.  This $200 million projection represents 26% of all fines to be paid to the federal government.

In contrast, individuals making close to $100,000 would pay around $100 million in fines, or only about 9% of all fines.

Click here for the chart.

Courtesy of the Washington Post, this illustrates that in spite of massive spending, in spite of new mandates and in spite of new insurance regulations, an average family of four could still end up paying over one-fifth of their income on health care costs under the Baucus Bill.