Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
The individual mandate is arguably one of the least popular provisions of the Obamacare, the health reform law that was enacted in 2010. Obamacare has received considerable attention in the past few years because of rising health insurance premiums. The rising health insurance premiums were at the center of the 2016 U.S. presidential elections campaign. Following President Trump’s election, Republican lawmakers have moved swiftly to repeal Obamacare’s individual mandate. GOP senators are trying to repeal the individual mandate based on the argument that it would give them an extra $338 billion over 10 years for their proposed tax cuts (Luhby, 2017). Additionally, repealing this provision would also fulfill Republican lawmakers’ vow to dismantle Obamacare. Repealing and removing the individual health insurance mandate would have significant impacts on the costs of health insurance and the healthcare system.
The Case of the Individual Mandate
The individual health insurance mandate in the Patient Protection and Affordable Care Act (ACA) or Obamacare as its commonly known is one of the most controversial health care issues in the United States over the past few years. The controversy surrounding this issue comes at a time when a major change is happening in the U.S. health care industry. Trump Administration have set their focus on dismantling Obamacare through repealing and/or replacing some of its provisions. The individual mandate has been singled-out as one of the major provisions to repeal as part of measures to dismantle the Patient Protection and Affordable Care Act. GOP senators are trying to repeal...
Efforts to repeal this provision have also been fueled by the substantial uncertainty on its effectiveness in improving health insurance coverage in the U.S.
The initial concept behind the individual mandate was that the larger health care industry would be effectively served if all individuals paid into the system. The mandate required every American to purchase his/her own health insurance or risk a penalty if they are not covered by a government program like Medicare/Medicaid or by their employer. While the argument that repealing this provision would generate an additional $338 billion for the proposed tax cuts is true, removing this provision would have significant impacts on health insurance coverage and the entire health care system.
The removal of the individual mandate would make the ACA market to lean towards older and sicker consumers by eliminating the requirement for younger and healthier Americans to sign up for health insurance coverage. Consequently, health insurance providers would be forced to re-evaluate the effectiveness of participating in these exchanges given that they would still be required to cover pre-existing conditions without extra charges based on the individual’s medical history. This would in turn contribute to decline in enrolment, which could generate significant challenges for the relatively weak individual and small group health insurance. Removal of this provision would also…
ACA There have been many problems with the Affordable Care Act since its inception. When it was a bill, it was contested, and the final form of the law reflected a lot of compromises that weakened it. Then there was the rollout fiasco in the autumn of 2013, with site crashes preventing people from signing up (Cohen, 2013). While people are now able to sign up, a lot of people who
Repealing and replacing Obamacare was one of the rallying points for President Trump�s presidential campaign, but has proven to be difficult even with a Republican-controlled Congress. �There are a number of reasons that repeal and replace has been difficult, even though the Affordable Care Act (the ACA) was, at best, an imperfect solution to the modern healthcare crises. �Public support for repealing Obamacare has lessened as people have become aware
health care industry, in terms of the economics of that business, and how it is structured. The Affordable Care Act was introduced in 2010 in order to address some of the issues that are inherent in the health care industry, namely a high rate of uninsured and skyrocketing costs that were threatening the quality of care for everybody else. The reality is that the ACA has been highly successful.
Health insurance coverage is one of the major issues at the core of initiatives to reform the United States health sector. This issue has attracted considerable attention in health reform initiatives because of the relatively high number of uninsured and underinsured people in the country. The United States has a high number of uninsured and underinsured populations despite the increased federal expenditures on health. Recent healthcare reform legislation has sought
Obamacare The Cons of Obamacare As the beginning of 2014 rapidly approaches and the Affordable Care Act, more commonly known as "Obamacare," begins to take effect it is becoming more and more obvious that the system, as defined, is economically infeasible. Through a series of new taxes, as well as the individual mandate, the Obama administration has assured every American that the new system will be fully funded and the price of
Affordable Care Act decreased the number of Americans without health insurance by the millions, which was its primary objective. It used three different mechanisms to achieve this goal -- the expansion of Medicaid, the insurance exchanges, and the extension of coverage to young adults up to age 26. These changes have also helped to stem the growth of health care costs, and have delivered greater health care savings throughout the