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Health insurance mandate misses many


WINNER: Florida businesses

They'll benefit from more than $1 billion in tax cuts signed into law by Gov. Rick Scott on Wednesday.

LOSER: Tampa Bay commuters

Getting to work becomes more costly, because of rising gas prices, and takes longer, because of big spring break crowds.

If the Supreme Court upholds the health care law's mandate that most Americans obtain medical insurance, the impact will be surprisingly limited. The Urban Institute found that the insurance mandate would force only 18.2 million Americans — 7 percent of the nonelderly population — to buy health coverage. The other 93 percent either have health insurance or would fall under various exemptions included in the law. Of the 18.2 million uninsured people who would be required to buy coverage, nearly 11 million would be eligible for subsidized premiums. That would leave 7.3 million people — 3 percent of the nonelderly population — who would be required by the mandate to buy coverage at full cost or pay a penalty.

Kevin Sack, New York Times

Looking ahead: Updated unemployment numbers come out Friday.

Health insurance mandate misses many 03/31/12 [Last modified: Saturday, March 31, 2012 4:31am]
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