What would eliminating individual health care mandates 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.

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

Perhaps the most hated piece of the Patient Protection and Affordable Care Act (PPACA or ACA) -- also known as "Obamacare" -- is the individual mandate. This is the piece of the law that requires every citizen to secure private health insurance for himself or herself, or to pay an annual penalty for failing to do so. It's no surprise, then, that legislation intended to replace ACA -- known as the American Health Care Act (AHCA) and currently working its way through Congress -- kills the individual mandate, no longer requiring everybody to sign up for health insurance. It's not looking likely that the AHCA 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? Why an individual mandate to begin with? To understand the potential repercu...