4 in 10 would rather pay fine than buy insurance - New York News

4 in 10 would rather pay fine than buy insurance

Posted: Updated:

According to a new poll of 1,013 adults by Princeton Survey Research Associates, 38% say they would pay the mandate tax and forgo buying health insurance. That finding is higher than the 28% who are uninsured who recently told Gallup they’d pay the tax instead of buying coverage. 

The results also found widespread confusion about the mandate tax. Overall, the findings have implications for health reform, as the White House is pressing people to sign up.

Princeton also found 65% of Americans between the ages of 18 and 29 would buy health insurance versus 57% of Americans 30 and older.

“One of the key questions surrounding the Affordable Care Act is whether or not young Americans – especially healthy young Americans – will sign up for health insurance,” Laura Adams, insuranceQuotes.com’s senior analyst said in a statement. “This research sheds a positive light on that segment of the population. However, it’s concerning that about three in 10 Americans still don’t know about the possible fines.”

The results reflect Americans’ responses to a hypothetical scenario of a 45-year-old individual who earns $50,000 per year. A typical health plan would cost this person $3,000 per year, a statement about the poll says, adding that the mandate tax would be about $400 if this hypothetical person did not buy health insurance.

The report also found that most Americans are confused about the mandate tax amounts and who is required to buy health insurance. Here are other highlights, according to the release:

--74% of Democrats would buy health insurance versus 40% of Republicans and 56% of independents. That finding tracks Gallup’s recent poll numbers, which appear to indicate some Americans may eschew health insurance due to ideological reasons. Gallup found 15% of uninsured Democrats say they plan to pay the mandate tax, but almost half, 45%, of uninsured Republicans say they will pay the fine and not buy health insurance.

--Many Americans are confused regarding the penalty amounts, which are the greater of $95 or 1% of household income above the filing threshold ($10,000 for individuals and $20,000 for families).

--For an individual who earns $30,000 per year, the penalty would be $200. But only a fifth of respondents who knew that uninsured people will be taxed correctly pegged the tax between $100 and $250 (38% overestimated and 36% underestimated).

--For an individual who earns $75,000 per year, the penalty would be $650. Only 21% of Americans who know about fines correctly pegged the amount between $500 and $1,000 (46% underestimated and 29% overestimated).

--Almost eight in 10 Americans who know about the mandate tax incorrectly think that children under the age of 18 are exempt from it. Six in 10 falsely believe that senior citizens over the age of 65 are exempt.

--Only 64% correctly said the mandate tax would come from their federal income tax refund.

Elizabeth MacDonald joined FOX Business Network (FBN) as stocks editor in September 2007.

READ MORE: http://www.foxbusiness.com/industries/2013/12/11/4-in-10-would-rather-pay-fine-than-buy-insurance/


You might also like...

SHOCK: $120K of Hershey's Chocolate Stolen!!!!!!

HERO: Dad Keeps Family Alive In Snow!!!!

COP: DC Cop Prostitution Charges!!!!!

PICS: Taking Pictures May Impair Memories??!!!!

SHOCK: Bull Sharks Caught Near DC!!!!

CRASH: Cop Car Smashes Bumblebee at 'Transformer' Filming!!!!!


Like us on Facebook
  • Viral StoriesMore>>

  • Former contractor says she was attacked by rats at DC's Providence Hospital

    Former contractor says she was attacked by rats at DC's Providence Hospital

    Friday, July 25 2014 11:03 AM EDT2014-07-25 15:03:00 GMT
    It is an odd and very disturbing story. A hospital contractor in Northeast D.C. was attacked by rats on the job and they are the same rats she says are eating bodies in the morgue.
    It is an odd and very disturbing story. A hospital contractor in Northeast D.C. was attacked by rats on the job and they are the same rats she says are eating bodies in the morgue.
  • Surgeons find 10-year-old sex toy inside woman's body

    Surgeons find 10-year-old sex toy inside woman's body

    Friday, July 25 2014 10:49 AM EDT2014-07-25 14:49:35 GMT
    After complaining of various health problems, a Scottish woman was found to have a sex toy inside her vagina – and that it had been left there for 10 years. According to a report by STV News, the 38-year-old visited Aberdeen Royal Infirmary after contracting sepsis and experiencing severe weight loss and urinary incontinence. At the hospital, doctors conducted an X-ray of her abdomen, which showed the five-inch toy protruding into her bladder from her vagina. According to the Dail...
    After complaining of various health problems, a Scottish woman was found to have a sex toy inside her vagina – and that it had been left there for 10 years. According to a report by STV News, the 38-year-old visited Aberdeen Royal Infirmary after contracting sepsis and experiencing severe weight loss and urinary incontinence. At the hospital, doctors conducted an X-ray of her abdomen, which showed the five-inch toy protruding into her bladder from her vagina. According to the Dail...
  • New wristband will shock users if they miss fitness goals

    New wristband will shock users if they miss fitness goals

    Thursday, July 24 2014 1:02 PM EDT2014-07-24 17:02:43 GMT
    A new wristband design will deliver an electric shock if the wearer does not meet fitness goals. The Pavlok wristband will be designed to track daily performance. According to the company’s website, the Pavlok compels you into keeping workout and fitness goals by using feedback, reinforcement and electric shock. READ MORE: http://pavlok.com/
    A new wristband design will deliver an electric shock if the wearer does not meet fitness goals. The Pavlok wristband will be designed to track daily performance. According to the company’s website, the Pavlok compels you into keeping workout and fitness goals by using feedback, reinforcement and electric shock. READ MORE: http://pavlok.com/
  • Local NewsLocal NewsMore>>

  • Prison officers block news crew from tourist site

    Prison officers block news crew from tourist site

    Friday, July 25 2014 12:35 PM EDT2014-07-25 16:35:36 GMT
    New York State NewsNew York State News
    An upstate New York TV crew was threatened with arrest by corrections officers as they filmed at a public historic site on the grounds of an empty, soon-to-be-closed state prison.
    An upstate New York TV crew was threatened with arrest by corrections officers as they filmed at a public historic site on the grounds of an empty, soon-to-be-closed state prison.
  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Friday, July 25 2014 12:32 PM EDT2014-07-25 16:32:18 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
  • G subway line shutting down for 5 weeks

    G subway line shutting down for 5 weeks

    Friday, July 25 2014 9:02 AM EDT2014-07-25 13:02:01 GMT
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices