Mandating health insurance advice dating psychic
The individual market will most likely not completely collapse in the absence of an individual mandate, because the premium tax credit will probably shoulder most of the burden the mandate bore.However mandate repeal will have consequences, especially for relatively high income Americans, who are ineligible for premium subsidies.
“One problem with the Massachusetts system -- and for many workers under the proposed national system -- is that if you have an employer-sponsored health insurance offer, you are generally prohibited from getting subsidized insurance.
However, if everyone had to buy insurance, the contributions of the healthy would help pay for expenses of the sick and therefore support the program.
In Massachusetts, which approved such a mandate in 2006, residents who fail to purchase insurance can be fined up to one-half the cost of the lowest-priced premium on the market, although actual fines have been much lower.
“The best evidence in support of an individual mandate comes from Massachusetts, where it has been very effective: Just 2.6% of the population remains uninsured.
While some additional subsidies might increase that rate of coverage a little bit, that’s about as close as you can get to universal coverage without making everybody automatically enrolled through a single-payer system that draws from taxes.
President Barack Obama has said that a major goal of healthcare reform is to reduce the number of legal residents who are uninsured (currently estimated at 17% of adults).