According to what I've heard and 1st result of google search the penalty for not buying health insurance under the first year of Obamacare is $95. I believe it goes up after the first year, but I don't know the penalty schedule. This is one reason why Obamacare won't work and they'll push single payer. Why would a healthy 23 year old buy expensive insurance if the penalty is only $95 and they can just wait until they get sick anyway? The whole concept of Obamacare relies on the young and healthy buying insurance to spread the risk and allow the insurance companies to afford covering pre-existing conditions.
What if I don’t want to buy insurance?
First off: Nobody will come knocking down your door, demanding that you purchase a health plan. But if you decide not to purchase coverage, you will have to pay a $95 tax penalty. This would be deducted from your 2015 tax return.
Why would a 23 yr old buy his/her own insurance anyways if he/she can still get a free ride off his parents till their 26? That is unless the parents are smarter than the rest who let junior stay at home till 30 and take him or her off at 18. Seems like 26 is the new 18 especially with most of my generation still living at home and think its a giant booze and screw fest.