9. What was the reason for including an individual mandate in the Affordable Car

Question

9. What was the reason for including an individual mandate in the Affordable Care Act? A. To eliminate the “free rider” problem, whereby those who can afford insurance don’t buy it and everyone else has to pay their costs if they become ill B. To expand the insurance pool and lower premiums by having low-risk persons buy insurance to offset those who are high risk, because everyone—even those with a preexisting condition—can buy insurance C. To benefit larger employers that have to buy health insurance for their employees so that they won’t be disadvantaged by independent contractors who are exempt from the employer mandate D. A and B 9. What was the reason for including an individual mandate in the Affordable Care Act? A. To eliminate the “free rider” problem, whereby those who can afford insurance don’t buy it and everyone else has to pay their costs if they become ill B. To expand the insurance pool and lower premiums by having low-risk persons buy insurance to offset those who are high risk, because everyone—even those with a preexisting condition—can buy insurance C. To benefit larger employers that have to buy health insurance for their employees so that they won’t be disadvantaged by independent contractors who are exempt from the employer mandate D. A and B 9. What was the reason for including an individual mandate in the Affordable Care Act? A. To eliminate the “free rider” problem, whereby those who can afford insurance don’t buy it and everyone else has to pay their costs if they become ill B. To expand the insurance pool and lower premiums by having low-risk persons buy insurance to offset those who are high risk, because everyone—even those with a preexisting condition—can buy insurance C. To benefit larger employers that have to buy health insurance for their employees so that they won’t be disadvantaged by independent contractors who are exempt from the employer mandate D. A and B

Explanation / Answer

Affordable Care Act makes it mandatory for all to sign up for insurance policy. In this way, Healthy persons also tends to purchase insurance policy thereby leading to lower premium rate in market. Hence, now individuals are easily afford the health care. Hence correct answer is (B)

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