Report says IRS will collect substantial penalties from the uninsured:

From MaryDeElliston@ThomsonReuters.com

IRS will collect about $4 billion in 2017 from penalty payments made by individuals for being uninsured in 2016, according to an April 22 report by the Congressional Budget Office (CBO). The payments will come from an estimated 3.9 million people. The agency is also expected to collect the same amount in 2018 and 2019. The report cited estimates that approximately 21 nonelderly residents will be uninsured in 2016, but more than half of them will not be subject to the financial penalty for being uninsured that is required by the Patient Protection and Affordable Care Act in combination with the Health Care and Education Reconciliation Act of 2010. “Among those who are subject to the penalty, many will voluntarily report on their tax returns that they are uninsured and pay the amount owed,” CBO said. “However, other individuals will try to avoid making payments,” the report said.