insurance mandate
Compulsory policy law
An insurance mandate is a legal requirement that individuals or entities obtain insurance coverage.
The term rose to prominence with the Affordable Care Act's requirement that Americans carry health insurance or pay a penalty: The individual mandate was the most contested provision of the law.
Mandates may also require employers to provide coverage or insurers to cover specific conditions.
- government agencyState administrative body
- adverse selectionPre-contract hidden knowledge problem
- regulationOfficial rules governing conduct
- statuteEnacted written rule
- penaltyPunishment for wrongdoing
policyholder · moral hazard · affordability · actuary · underwriter · accessibility · compliance · coverage gap · proof · directive · equity · form · workers' compensation · employee · minimum coverage · ordinance · Affordable Care Act · pre-existing condition
insurance mandateself-insurance
Assuming risk personally
voluntary participation · free choice · personal choice · consumer choice · exemption
insurance mandatederegulation
Removing governmental business restrictions
tax incentives · insurance subsidies · single-payer system · individual freedom
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