Yesterday, the Congressional Budget Office released a new cost estimate for Obamacare incorporating the Roberts opinion, which upheld the individual mandate as a tax. Previously, the CBO estimated that some 27 million Americans would pay some $54 billion in penalties through 2022, and still go without health insurance. Yesterday, the CBO updated the numbers, predicting that some 30 million Americans will pay $55 billion in taxes and still go without health insurance.
In addition to the $1 billion tax hike on some 3 million Americans, the vast majority of whom make far, far less than $200,000 a year, Roberts’ decision also increased the likelihood that employers will face penalties for not complying with Obamacare’s employer mandate. Previously, the CBO estimated that employers would have to pay $113 billion in Obamacare penalties through 2022. Yesterday, they raised that number to $117 billion.
All told, the CBO estimates that, thanks to Roberts, Americans will have to pay $5 billion more in taxes while providing health insurance for 3 million fewer Americans.
More.
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