Bills in the state House and Senate want to offer tax deductions to Missourians who are hit with federal penalties for not having health insurance.
The legislation would help Missourians who don’t have health insurance recoup some of their losses from the federal penalties, but the bills would also jeopardize one of the key tenets of the federal health insurance overhaul.
This tax season is the first time many consumers will have to pay a penalty to the federal government for not having health insurance. People who were uninsured in 2014 will have to pay the greater of $95 or 1 percent of their household income.
The requirement that Americans have insurance, or the so-called individual mandate, has been a particularly unpopular part of President Barack Obama’s health care overhaul. But policy experts say it’s necessary to achieve the law’s goal of expanding health care coverage for all Americans.