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Actuaries Warn Congress About Dangers of Repealing the Obamacare Mandate

Actuaries Warn Congress About Dangers of Repealing the Obamacare MandateThe American Academy of Actuaries — a group representing the people who actually set insurance prices — warned Tuesday that repealing Obamacare’s individual mandate would lead to higher health care premiums and could drive insurers from the market. The Congressional Budget Office has estimated that repealing the mandate would lead to about 13 million fewer Americans having insurance by 2027, and about $338 billion in federal savings over 10 years as the government spends less on Obamacare subsidies.

Source: Yahoo Finance

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