Mandatory Health Insurance
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Should the states be in the business of mandating insurance coverage? Do these regulations make consumers better off or worse off?
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Solution Summary
Mandatory Health Insurance ramifications are exemplified. References are also listed to promote research.
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I would use Massachusetts as an example for this question. Massachusetts became the first state to mandate insurance in 2006. The plan was supposed to reduce costs with no new taxes. Two years late the plan did not lower costs or achieve universal coverage. The plan increase individual costs and reduced revenue for health care providers. Many mandate coverages are useless to the customer. For example: the mandate states everyone has to purchase the same thing such as coverage for alcohol abuse, even if you do not consume ...
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