As part of Obamacare, people are required to get health insurance or pay a penalty. That’s what’s known infamously as the individual mandate. But is the penalty too small to matter? For some people, the penalty might be as low as $95. Would anyone in their right mind, who is not otherwise inclined to buy health insurance, buy it just to avoid such a small penalty? Here is an interesting Marketplace report that looks at this topic, quoting me and a several others who argue that the size of the penalty isn’t the only thing that matters.
