Insurance commissioner outlines ACA challenges
Since 2014 the Affordable Care Act, also known as Obamacare, has assisted lower- and moderate-income people who buy insurance on their own on the individual market, providing premium subsidies and discounts on out-of-pocket expenses. Under the law, people who don’t carry compliant insurance face a penalty, the so-called individual mandate. Large employers who don’t offer insurance are also penalized.
The individual market in Tennessee was the subject of a talk delivered Tuesday, Nov. 14, in Light Hall by Tennessee Department of Commerce and Insurance Commissioner Julie Mix McPeak. Her talk, “Turmoil in Health Insurance Markets: What Can Be Done?” was sponsored by Vanderbilt’s Department of Health Policy.