Affordable Care Act

Health Care: The Role of the Individual Mandate and Insurance Subsidies

By ·March 9, 2017
Kellogg School of Management, Northwestern University

The Issue:

Health insurance works by pooling risk across consumers. If people only purchase insurance when they are sick --or when they know they are likely to need medical care in the near future-- that results in higher premiums.  The Affordable Care Act, more commonly known as "Obamacare", used a combination of ...
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