The mandate requires individuals without employer-sponsored or government-payer insurance to enroll for coverage on ACA marketplaces. Individuals who do not enroll must pay a $695 penalty. The government is expected to collect $43 billion in mandate penalties by 2027. If the mandate is repealed, the savings from reduced federal subsidies for individual plans is expected to far outpace the lost penalties.
The CBO estimates there will be 4 million more uninsured people by 2019 if the individual mandate is repealed. By 2027, roughly 5 million people would lose Medicaid coverage, another 5 million would lose nongroup coverage including marketplaces, and 2 million would lose employer-sponsored coverage, totaling about 13 million people.
More articles on leadership and management:
Walgreens CEO: ‘Must have a foot in US’ for company to go global
Why a New York women and children’s hospital is dropping ‘women’ from its name
‘Yard clippings, unraked leaves’ may have led to physician neighbor’s alleged attack on Sen. Rand Paul
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
