The final Republican tax bill will repeal ObamaCare’s individual insurance mandate. If voted through, the repeal would take effect in 2019.
The mandate required citizens to enroll in health insurance or else pay a yearly fine to opt out. Experts say this mandate was important to incentivize healthy people to joining insurance programs, important for keeping premiums low.
The Congressional Budget Office has calculated that repealing the mandate will spike premiums by 10% and result in 13 million people to lose their insurance over the next 10 years.
The bill is expected to pass both chambers of Congress next week along party lines. Sen. Susan Collins (R-ME) is the only Republican to express concern over the bill, and has advocated for passing two bipartisan ObamaCare bills to offset the economic effects of the repeal.
This article was published on Reverepress.com