Commonwealth Funded Study Shows Impacts State-based Individual Mandates Would Have in 2019
The findings are based on the assumption that the state mandates similar to the penalty structure under the ACA before the passage of The Tax Cut and Jobs Act of 2017.
Currently only three states have implemented state-specific individual mandates. Massachusetts implemented its mandate in 2006. New Jersey, Vermont, and the District of Columbia passed individual mandates earlier this year. However, Vermont and DC were not included in the Commonwealth Fund’s list of states with individual mandates.
Washington, Hawaii, Connecticut, and Maryland are among the states that have proposed implementing state-based individual mandates.
If state-based individual mandates were implemented in 2019, New Mexico would see the largest decrease in monthly premium costs on the individual market, with a 21.1 percent decrease. Six states would see decreases under 10 percent with Alaska seeing the smallest decrease of 4.4 percent...