(Bloomberg) Four million people are projected to pay the U.S. penalty for not carrying health insurance next year, about one-third less than previously estimated, after the Obama administration created exemptions from the fine.
The Affordable Care Act requires most Americans to carry insurance starting this year, or pay a tax of as much as 1% of income. The Congressional Budget Office lowered its estimate of the number of people who will pay that fine in a report released yesterday, saying the government will take in $3 billion less than expected from the payments.
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