Senate Tax Reform Bill Cuts ACA Individual Mandate

In an effort to address two top domestic challenges, Senate Republican Leadership will add repeal of the Affordable Care Act’s individual mandate to their tax reform bill.  The individual mandate requires most Americans to carry health insurance or face a significant financial penalty for non-compliance.

The Senate calculates that the repeal would free up around $300 billion of federal funding over the next 10 years.   The Congressional Budget Office projects that the move would eliminate 13 million Americans from insurance roles and could drive up health insurance premium by as much as 10 percent for the insured.

Read more in The New York Times.

Read more in The Hill.

Read more at MSN.com

 

 

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