Mandate in having to have health insurance coverage

In 2014, it will be mandated that every American be required to carry health insurance coverage.  When 2014 comes around and you are not currently covered by insurance...this is what will one will incur if they choose not to be covered:

Under the legislation, most Americans would have to have insurance by 2014 or pay a penalty. The penalty would start at $95, or up to 1 percent of income, whichever is greater, and rise to $695, or 2.5 percent of income, by 2016. This is an individual limit; families have a limit of $2,085. Some people would be exempted from the insurance requirement, called an individual mandate, because of financial hardship or religious beliefs or if they are American Indians, for example.