CBO: Repealing Obamacare mandate would save taxpayers $305B. Millions would go uninsured.

The Washington Times reports:

Congressional budget minders say repealing Obamacare’s “individual mandate” would save taxpayers more than $305 billion and increase the number of uninsured Americans by 14 million over the next decade.

The mandate requires people to obtain adequate health insurance or pay a tax penalty, unless they qualify for a financial exemption or other carve-outs spelled out in the Affordable Care Act of 2010 and regulations authored by the Obama administration.

Saving taxpayers money: imagine that.