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Could Obmacare “Life Insurance Edition” Soon Become a Reality

Is Government Mandated Life Insurance Closer Than You Think? The controversial Affordable Care Act better known as Obamacare went into full effect on January 1st 2014 making it a government mandate that nearly every American citizen must carry health insurance either through a private provider or through a state or federal exchange program. The penalty for not owning health insurance in 2014 will be a $95 fine which increases to a $695 fine in 2016 for individuals (the fine for families is much greater).  The government mandate was signed into law on March 23, 2010 and was upheld by the […]