By Bob Semro The individual mandate is a fundamental part of last years national health care reform law. Under the Affordable Care Act in 2014, Americans who do not have health insurance will be required, or mandated, to purchase coverage or pay a tax penalty. Exemptions will be granted for financial hardship, religious reasons or if the price of the lowest-cost plan exceeds 8 percent of annual income. After the act was signed into law by President Obama, the individual mandate was challenged in a number of federal courts. In perhaps the most important case, 26 state attorneys general (including…