Gov. Scott and the majority of Vermont’s legislature supported the measure in an effort to keep the state’s health insurance market stable after changes to the ACA’s individual mandate at the federal level. Republicans’ recent tax overhaul, which Congress approved last year, eliminated the ACA’s health insurance requirement as of 2019.
Some disagreements exist over the new law, according to VTDigger, as several of the individual mandate’s biggest details are up in the air. For one, state legislators have not put a system in place to enforce the mandate, such as a financial penalty or an incentive.
More articles on payer issues:
Indiana health system’s contract with Anthem set to expire amid tensions over ER policy
Viewpoint: If a CEO like Dr. David Feinberg ran Amazon-Berkshire-JPMorgan venture, it’d be bad for insurers
UnitedHealth to acquire 63k-member Medicare Advantage plan
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.