Cheap Car Insurance for the Under 25's

Obamacare Individual Mandate Unlikely to Work Health Care News

29.04.10

Democrats claim their newly passed health insurance reform, signed in March by President Obama, will eventually provide coverage for more than 30 million uninsured people. Don't bet on it.

The key to achieving that goal, Democrats argue—along with expanding Medicaid and subsidies for buying coverage—is the individual mandate, which requires individuals to have health insurance or pay a fine. The mandate is supposed to push nearly everyone into the pool, to minimize free-riding on the system.

But what if millions of Americans decide it's a better deal to pay the fine and remain uninsured until they need coverage?

Massachusetts Model

It appears that's exactly what's happening in Massachusetts, which passed its own Obamacare-like reform with an individual mandate in 2006.

Last year Charles Baker, former CEO of Harvard Pilgrim Health Care, one of Massachusetts's largest health plans, noticed some health insurance brokers posting comments on his widely read blog. They expressed suspicions that people were applying for health coverage after a medical condition developed, got the care they needed, and then dropped the coverage.

Source:

minimum coverage auto insurance - News

On Health Care (and Everything Else), What is the American Way? Business Media Institute - Jul 01, 2009 On Health Care (and Everything Else), What is the American Way?Business Media Institute creating unrestricted competition, private and individual ownership, mandating having a minimum level of coverage (just as is done with auto insurance and more »

Are Your Car Insurance Rates About to Go Up? Newsradio 620 - Jun 27, 2009 Are Your Car Insurance Rates About to Go Up?Newsradio 620Minimum limits were set by state law to help guarantee adequate protection. (One problem is that having auto insurance coverage is not mandatory in Budget Proposal Including Insurance Mandateall 2 news articles »

Welsh firm close to offering car insurance in Va. RichmondBizSense - Jul 01, 2009 Welsh firm close to offering car insurance in Va.RichmondBizSenseAdmiral Americas will offer auto insurance to Virginia motorists late this year or in early 2010, according to a story in WalesOnline. The insurance company and more »

Bad Credit Car Loan Insurance Auto Credit Express - Jun 23, 2009 Personla Finance WeblogBad Credit Car Loan InsuranceAuto Credit ExpressIt also satisfies the minimum amount of coverage required by your state. It does not cover any damage to the vehicle itself. Full coverage auto insurance Cutting Costs as Texas Auto Insurance Requirements Increaseall 18 news articles »

During recession consumers should keep insurance The Associated Press - Jun 16, 2009 The Associated PressDuring recession consumers should keep insuranceThe Associated PressAnd state regulators limit how much insurers can charge for coverage such as auto and homeowners insurance. But many consumers are still cutting back on all and more »