Will I Get Punished For Not Having Insurance?

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.

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