Will Congress eliminate the individual mandate?
Posted on July 5th 2017 in General
According to a report by the New York Times, the Republican-led Congress is moving to prevent the Internal Revenue Service from enforcing one of the more unpopular provisions of the Affordable Care Act ('ACA"), which requires most Americans to have health insurance or pay a tax penalty. Eliminating the penalty for the so-called "individual mandate" is separate from efforts to repeal the health care law, and appears more likely to be adopted because it would be written into the annual spending bill for the Treasury and the I.R.S. But it accomplishes has a similar purpose: to undermine the health law that President Trump and Republicans in Congress want to dismantle Such a move would eliminate some of the funding that would promote the ACA.
The individual mandate is important for insurers to maintain because it either taxes or forces all tapayers to enroll in some sort of health insurance policy, meaning that insurance plans would not just cover the sick and injured. Premiums for healthy consumers would offset the cost of the insured sick.
At the same time, the Congressional Budget Office is reporting that 35 percent of those on Medicaid would be dropped by 2021, leading Senate Republicans already dubious of their reform bill's success further away from supporting it. The bill is currently scheduled for a vote on July 10th.