June 18, 2012
The recently retired head of health insurer Aetna Inc criticized the component at the heart of the U.S. healthcare overhaul law, known as the individual mandate, and predicted it would not be upheld.
The Supreme Court is expected to rule before the end of the month on the law, championed by U.S. President Barack Obama and designed to expand coverage to more than 30 million uninsured Americans.
At the center of the case is the mandate, which requires people to buy insurance or pay a penalty. Insurers have maintained the mandate is necessary in order to ensure healthy people sign up for coverage to help balance the insurance pool if the law is also to require companies to cover less-healthy Americans.
This article was posted: Monday, June 18, 2012 at 11:16 am