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Insurers, providers warn of 'serious consequences' if Congress repeals the individual mandate

Insurers, providers warn of 'serious consequences' if Congress repeals the individual mandate

Lobbyists representing medical providers and health insurance companies are urging congressional leaders not to repeal Obamacare's individual mandate as part of a tax overhaul being written by Republicans.

"We join together to urge Congress to maintain the individual mandate," the groups, representing doctors, hospitals and insurer wrote in a letter.

CBO also has predicted that repealing the mandate, which requires Americans to buy health insurance or pay a fine, would result in 13 million more people becoming uninsured.

CBO had concluded that reduced spending would result from people dropping Medicaid coverage and from people dropping private coverage that the government helps them pay for, reducing subsidy costs.

Other groups that signed the letter include America’s the American Academy of Family Physicians, the American Hospital Association, the American Medical Association, Blue Cross Blue Shield Association, and the Federation of American Hospitals.

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