It’s not looking likely that the American Health Care Act legislation will pass, but because the individual mandate is so controversial, future attempts to tweak or replace ACA will no doubt tackle the mandate as the United States attempts to figure out how to get spiraling health care costs under control. What does this mean for real estate agents?
- As independent contractors, many agents would drop insurance and find catastrophic-only coverage, or do without insurance entirely and pocket the difference, rather than face spiraling costs and participating in the exchange.
- Getting rid of the individual mandate through American Health Care Act would involve significant price increases for anyone dropping and re-enrolling in a plan on the exchange. Though the chances of the law passing appear to be unlikely, the individual mandate will continue to be a focal point.