Vermont enacts law requiring all residents to have health insurance

Republican Vermont Gov. Phil Scott signed a bill into law mandating residents buy health insurance beginning in 2020, according to the VTDigger.

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

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months