Gov. Phil Scott promised not to raise new taxes or fees, especially for young Vermonters, but a new law requiring Vermonters to carry health insurance is set to impose new penalties on many residents of the state.
A bill that would require all Vermonters to have health insurance has made its way to the governor’s desk, but it’s uncertain that Republican Gov. Phil Scott will sign it, since it likely would use a revived Individual Health Effort Tax as a penalty.
Since Gov. Scott relishes vetoing new taxes, he needs to nip this new tax program in the bud and let the legislators who bought into this mandate scheme think about how they’ll explain their votes to override his veto when they’re out campaigning this fall.
New data from insurance company regulatory filings show that enrollment in the individual health insurance market declined significantly last year — by 10 percent, or 1.8 million people.
Last Saturday the Vermont House and Senate finalized approval of a stupid and odious bill to impose a mandate on every Vermonter to buy overpriced state-approved Obamacare health insurance.
With the collapse of choice and competition in the Obamacare health insurance exchanges, combined with major premium and deductible increases, “progressives” in Congress are looking for new ways to expand the role of government in Americans’ health care.
Dollars would flow not to insurance companies, but to the states through block grants that would replace Obamacare’s payments to insurers. With new flexibility, states could use the money to lower premiums and stabilize turbulent health insurance markets, among other things.
The Vermont Senate on Tuesday voted to amend a bill which will create a summer study committee to examine potential penalties for not purchasing health insurance in Vermont.
Roughly 400,000 fewer people signed up for Obamacare in 2018, Centers for Medicare and Medicaid Services Administrator Seema Verma announced Tuesday afternoon. That is a significant drop in enrollment from 2017, when 12.2 million Americans obtained coverage through the Obamacare state exchanges.
Legislators are worried that without the threat of an Obamacare-type penalty, some of these young, healthy people will escape the state’s clutches. Hence the new mandate.
Obamacare’s Medicaid expansion program and subsidies have made major health insurance companies extremely profitable, according to a White House economic report released this week.