7.5 million Americans paid Obamacare fine for not buying health insurance

In 2014, 7.5 million Americans paid fines for not buying health insurance, the IRS reported Tuesday.

Obamacare's individual mandate requires nearly all Americans to purchase health coverage or pay a fee to the government. In 2014, the fee was set at $95 per person or 1 percent of income — whichever is greater. The government collects the fee by deducting the penalty from a taxpayer's refund.

The IRS reported that in 2014, the average individual mandate penalty hovered around $200. But...

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