CRS paper examines individual mandate provision
Posted on July 10, 2012 | No Comments
The Congressional Research Service (CRS) recently issued an updated report on the requirements and penalties associated with the Affordable Care Act’s (ACA’s) minimum coverage provision. The report examines the amount of the penalties that families and individuals must pay if they choose not to buy health insurance, the affordability provisions and exemptions to the penalty, and the information reporting requirements. The report also details what information must be provided to consumers beginning in 2013, the information needed about the individual mandate, the information that must be provided on employees’ W-2 forms, and information about the certification of exemptions provided by health insurance exchanges.
The U.S. Government Accountability Office (GAO) has issued a report that examines ways to encourage individuals to voluntarily obtain health insurance. GAO was asked by Congress to undertake the report due to the chance "...that legislative or judicial action could result in a change to, or elimination of, the mandate..." and the report is based on multiple interviews from experts regarding alternative approaches to the individual mandate to purchase health insurance under the Affordable Care Act (ACA).