In this video, Luke discusses the changes in health insurance requirements following the implementation of the Affordable Care Act, popularly known as Obamacare.
- The Affordable Care Act initially included a penalty for not having health insurance.
- In 2019, the federal penalty for not being insured was reduced to $0.
- Some states continue to enforce their own health insurance penalties.
- Despite the lack of federal penalties, the financial risks of being uninsured remain significant.
