IRS issues final rules on Obamacare's 'individual mandate'

A centerpiece of Affordable Care Act, also known as Obamacare, is a requirement that all individuals carry some minimum health insurance or pay a tax. The new system aims to provide insurance through state marketplaces and subsidies for tens of millions of Americans who lack it.

If individuals choose not to carry insurance, they are subject to a penalty, starting at $95 per person per year or 1 percent of income in 2014, whichever is greater, and eventually reaching $695 per person or 2.5 percent of income by 2016.

The IRS, which is administering parts of the law involving revenue collection, released the final rules spelling out the details of what constitutes minimum essential coverage, and how individuals are responsible for spouses, children and other dependents, among other topics.

The individual mandate is distinct from the employer mandate, which imposes a fee on most large employers that do not offer a minimum level of coverage. The Administration delayed that provision, putting off the effective date until 2015. Read more >>

CBS/New York Times poll: Most want Supreme Court to overturn individual health care mandate

A new CBS News/New York Times poll reveals that nearly seven in ten Americans want the Supreme Court to overturn either all or President Obama's health care law or strike down just the individual mandate. In the poll released on Thursday, 41 percent of those polled think Mr. Obama's health care law should be overturned completely by the Supreme Court, with another 27 percent of respondents saying they want the court to keep the law but overturn the mandate.

Nearly one-quarter - twenty-four percent - of respondents want the entire law upheld. The margin of error is three percentage points. The percentage that wants to see the entire law abolished is up slightly since April, when 37 percent said they wanted the court to overturn the full law, 29 percent said only the mandate should be overturned and 23 percent wanted the whole law upheld.

As the Supreme Court decision on the health care law is expected this month, the new poll shows that Republicans are much more likely to want the entire law overturned than Democrats, with 67 percent wanting the law to be overturned compared to 20 percent of Democrats. While 42 percent of Democrats say they want the entire law to be upheld, 42 percent of Independent respondents say they want the Supreme Court to overturn the whole law. Tea Party supporters are especially likely to want the entire law to be overturned -- 70 percent support that. Read more >>