Premiums Would Go Down If Every State Passed Individual Mandates
“Since the Republican Party’s successful repeal of the tax penalty associated with the Affordable Care Act’s individual mandate, states across the country have been experimenting with different strategies for stabilizing their non-group insurance markets, including reinsurance programs and state-level regulations. Several states have either implemented or plan to implement state-level penalties for those who forgo insurance coverage. New Jersey passed just such a law in June; Washington, D.C., and Vermont are planning their own individual mandates.”