Currently, health insurance is not required by law, but that will not be the case for long. With the passage of healthcare reform, in 2014 most people will be required to have health insurance. If you don’t have health insurance, you could face a tax penalty. There will be certain exemptions to the law but the aim of health reform is to lower costs, making it easier to get the health insurance you need.
When many people are uninsured, the result is that tax payers must shoulder the burden of healthcare costs for those who are not able to pay for care. One challenge is that by the time uninsured individuals visit the doctor, the health condition has often declined and the treatment procedures are more prolonged and expensive. Healthcare reform is designed to get everyone covered so they are managing their health before health conditions get out of control.