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More Costs, Penalties in Store for Obamacare 2015

According to CBS News, the 2015 Affordable Care Act may hike costs and penalties for some. In 2014, a $95 penalty or a fee amounting to 1 percent of a person’s income incentivized individuals to get coverage, but next year that penalty will shoot to $325 or 2 percent of income, whichever is higher. An estimated 9 to 9.9 million people will enroll in health coverage through Obamacare in the coming year, though 9 of 10 uninsured Americans are not aware that open enrollment begins on Nov. 15.

Read the article published by CBS News.