According to the report, the maximum penalty per family in 2014 looks like a bargain now at $285, a hike of nearly 250%. The fee will continue to get stiffer in 2015 when it will cost families 2.5% of their annual household income or $695 per adult and $347.50 per child under age 18, the federal government’s way of incentivizing uninsured Americans to get health care coverage.
The report also states that despite the relative affordability of health insurance and a requirement to pay a stiff penalty for not having coverage, many Americans eschew Obamacare. According to a new analysis by Avalere Health, many Americans are still opting to go without health insurance coverage.