Monday, January 14, 2013

Health Insurers to Obama: Make Obamacare's Individual Mandate Stronger

Health Insurers to Obama: Make Obamacare's Individual Mandate Stronger-Forbes: One of Obamacare’s dark secrets is that its individual mandate—forcing nearly all Americans to buy health insurance—is too weak. If you’re going to double the cost of health insurance for young people, and thereby increase premiums by thousands of dollars, many people will be better off going without insurance and paying the mandate’s fine. Insurers have always understood this problem. Today, Politico reports that some insurers are asking the Obama administration to impose additional penalties and fees on top of the mandate, so that more people are forced to buy Obamacare’s costly products.