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When paying Obamacare penalty is cheaper than buying insurance

from The Miami Herald via Kaiser Health News

When Angela Denig couldn't cover the costs of Obamacare health insurance this year, she made the only decision she could: She gave up on coverage, paid the fee for not being insured and hoped she wouldn't get sick. A few months later, a health scare would put the South Florida woman's high-stakes gamble to the test. But at the time, she said, the calculation was clear. Paying a "several hundred dollar" penalty for remaining uninsured was much cheaper than forking over a monthly insurance premium of at least $200 under the Affordable Care Act — the only insurance she qualifies for. more


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