hr 3926: cbo 10 yr estimate: $167 billion in individual/employer penalties.

[Hannah Bell]

Estimated Budgetary Impact of H.R. 3962

According to CBO and JCT’s assessment, enacting H.R. 3962 would result
in a net reduction in federal budget deficits of $104 billion over the 2010–
2019 period (see Table 1). In the subsequent decade, the collective effect of
its provisions would probably be slight reductions in federal budget
deficits. Those estimates are all subject to substantial uncertainty.

The estimate includes a projected net cost of $894 billion over 10 years for
the proposed expansions in insurance coverage. That net cost itself reflects
a gross total of $1,055 billion in subsidies provided through the exchanges
(and related spending), increased net outlays for Medicaid and the
Children’s Health Insurance Program (CHIP), and tax credits for small
employers; those costs are partly offset by $167 billion in collections of
penalties paid by individuals and employers.

On balance, other effects on revenues and outlays associated with the coverage provisions add $6 billion to their total cost.

Over the 2010–2019 period, the net cost of the coverage expansions would
be more than offset by the combination of other spending changes, which
CBO estimates would save $426 billion, and receipts resulting from the
income tax surcharge on high-income individuals and other provisions,
which JCT and CBO estimate would increase federal revenues by
$572 billion over that period.1

Provisions Regarding Insurance Coverage

H.R. 3962 would take several steps designed to increase the number of
legal U.S. residents who have health insurance. It would require individuals
to purchase health insurance, starting in 2013, and would in many cases
impose a financial penalty on people who did not do so. The bill also would
establish new insurance exchanges and would generally subsidize the
purchase of health insurance through those exchanges for qualified
individuals and families with income between 150 percent and 400 percent
of the federal poverty level (FPL).

1 The $572 billion figure includes $558 billion in revenues from tax provisions (estimated by JCT)
and $14 billion in additional revenues from certain provisions affecting Medicare, Medicaid, and
other programs (estimated by JCT and CBO). (For JCT’s estimates, see JCX-43-09.)

http://www.cbo.gov/ftpdocs/106xx/doc10688/hr3962Rangel.pdf

[leftstreet]

1. OMG It's like healthcare traffic tickets! Excellent revenue stream

So THAT'S the reason for the mandates

[Hannah Bell]

2. kik