7.5 Million Americans Pay Health Insurance Penalty in 2014
According to the Internal Revenue Service, about 7.5 million Americans paid an average penalty of $200 for not having health insurance in 2014 — the first year most Americans were required to have coverage under the Affordable Care Act. The government had estimated in January that from 3 million to 6 million households would have to pay a penalty. Final figures for the tax year aren’t available. The IRS has so far processed about 135 million of the estimated 150 million returns expected.