We have a mixed bag of numbers– some good– others straight out pitiful surrounding the Affordable Care Act. Let’s start from the bottom and work our way up.
According to the Associated Press, the percentage of estimated online visitors to healthcare.gov who actually signed up for coverage the first day was 0.0002%. That’s comes out to just six people out over 3 million.
But on the flip side, a positive 3 million– that’s how many young adults who have been able to get health care under their parent’s plan, thanks to coverage being extended to the age of 26.
As for penalties, the fine for an adult without health insurance in 2014 is $95– or 1-percent of taxable income– if greater. In 2016, that jumps to $695– or 2.5% of taxable income.
In terms of assistance, individuals earning up to $46,000 should qualify for some financial assistance to buy private insurance. For a family of four, they qualify with an income of up to $94,200.