Senate Tax Bill Kills Health Insurance Individual Mandate
The Senate tax bill ends the mandate to buy health insurance. This is a bad thing? It is according to a CNN Money article:
Poor Americans would lose billions of dollars worth of federal benefits under the Senate GOP tax bill, according to a new Congressional Budget Office report.
This is largely because the legislation would eliminate the individual mandate, which requires nearly all Americans to get health insurance or pay a penalty. This would result in 13 million fewer people having coverage in 2027, the CBO found.
Many of the folks who would forgo coverage would have lower or moderate incomes and would have qualified for Medicaid or federal help paying their premiums or out-of-pocket health expenses, CBO found.
If it’s a good deal why do people need to be forced to buy it? Do they think we’re stupid?