Investors Business Daily "Preliminary data from the 2017 tax season are in, and they're shocking. Not only does it look like the working class bore the brunt of ObamaCare individual mandate penalties this year, but people with relatively modest incomes apparently paid a lot more than the Congressional Budget Office anticipated.
"The data underscore a reality that Democrats would prefer not to talk about: While ObamaCare has been a big help to the near-poor and those with major medical needs, it gives a bad deal to nearly everyone else. Even among working-class households earning 150% to 250% of the poverty level, supposedly among the law's biggest beneficiaries, just 1 in 3 people who lack insurance from other sources are getting silver coverage that will protect them from financial disaster. Most of the other two-thirds are uninsured, either because they or a spouse work full time and don't qualify for exchange subsidies, or else they've spurned subsidized bronze plans that carry $6,000-$7,000 deductibles — despite the threat of an individual-mandate penalty.
"The much-despised individual mandate was the central target of Republicans' chaotic, desperate effort this week to kill or wound the ACA in any way possible. Yet simply getting rid of the individual mandate, without addressing the ACA's underlying problems, would be a destructive act that would only increase premiums, which is the opposite of what Republicans say they want." . . .
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