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CBO: Obamacare mandate will cost 6 million taxpayers $7 billion in 2016

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The individual mandate in President Obama’s health care law will cost 6 million taxpayers a total of $7 billion in 2016, according to new estimates by the Congressional Budget Office. The cost will then average around $8 billion from 2017 through 2022. The health care law requires Americans to either purchase government-approved insurance or pay a penalty. The mandate starts in 2014, and the...

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