Healthcare News & Insights

Breaking news: Supreme Court upholds healthcare reform law

The Supreme Court’s verdict is in: The Patient Protection and Affordable Care Act is constitutional.

While many speculated that the healthcare law would be struck down, it didn’t happen.

The 5-4 decision upheld the mandate as a tax with the court ruling that Congress has the power under the Constitution to make people buy health insurance as a means to regulate interstate economic activity.

House Republicans have promised to repeal the entire law, but it’s unlikely the Democratic-controlled Senate will allow that to happen.

While most of the 1,000-page law won’t go into effect until 2014, when it does:

  • States still have to get ready to set up their own health insurance exchanges
  • Medicaid will be expanded by 16 million low-income people
  • Americans will have to prove on their income taxes they have health insurance or pay 1% of their income to the IRS as a penalty, and
  • Insurance companies will no longer be able to deny coverage to people with preexisting conditions coverage.

This is just the tip of the iceberg. As more issues arise, we will keep you informed how they’ll effect you and your industry.

 

 

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