Health insurance, like other kinds of insurance, works by creating "risk pools," which are groups of policyholders.
In a typical risk pool, everyone pays insurance premiums, but only some will file claims.
Biden played an integral part in crafting the ACA, commonly known as Obamacare.
However, President Donald Trump eliminated the individual mandate in 2017 by signing the Republican tax bill, effective the 2019 tax year.
"Yes, I'd bring back the individual mandate," Biden said in an interview on CNN.
Trump and fellow Republicans in Congress have sought to dismantle Obamacare, which sought to expand insurance coverage to more Americans.So do Medicare, Medicaid and the Children's Health Insurance Program.Also qualifying: Tricare insurance for military service members, retirees and their families; veterans' medical benefits; individual health care policies that provide a certain minimum level or benefits; and any plan that existed before the law was enacted and has been "grandfathered in" by the federal government.Who must have coverage If you're required to have coverage, the next consideration is what kind of coverage you have.It has to meet the federal definition of "essential care." In general, health insurance obtained through an employer's plan qualifies as essential care.