WASHINGTON (Reuters) – Support grew on Friday for insurance industry demands that all Americans be required to obtain coverage as part of a planned healthcare system overhaul, with a senior Senate Democrat and a coalition of business and consumer groups promoting the idea.
Senate Finance Committee Chairman Max Baucus, a Democrat who is helping write healthcare legislation, said an insurance requirement, or mandate, would help the market function better and reduce premium costs for everyone.
Baucus argued that the cost of medical care for people with no insurance is being shifted to those with insurance, forcing costs higher.
Editor’s Note: Insuring everyone will not lower health care costs.
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