What was the penalty structure for those who did not meet ACA requirements in 2016?

The penalty structure for individuals who did not meet the requirements of the Affordable Care Act in 2016 was set at either $695 per adult or 2.5% of their taxable income, whichever amount was higher. This penalty aimed to encourage citizens to obtain health insurance coverage and was a key component of the ACA's individual mandate.

The structure of the penalty reflected the belief that a significant monetary deterrent would incentivize individuals to procure health insurance, thus reducing the number of uninsured Americans and helping to stabilize the health insurance market. The penalty was designed to increase gradually over the years, emphasizing the importance of maintaining health coverage.

In contrast, the other options provided lower penalty amounts or different percentages that do not align with the provisions established by the ACA for that particular year.