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Supreme Court’s Decision will Take Us Down One of Three Roads

gavelBy late June, the Supreme Court of the United States (SCOTUS) is expected to have a decision regarding the constitutionality of health care reform.

If you’re anything like us, listening to the audio tapes of the hearings on health care reform really was your idea of a good time! We found the arguments not only compelling, but easy to dance to.

However, we realize that there is a small portion of the population that does not eat, sleep and breathe health insurance. For you folks, we have broken down the basics of what the Supreme Court is deciding on and the three possible outcomes of their decision.

Outcome Number One: The Law is Accepted and Deemed Totally Constitutional

Come 2014, this thing goes live! This means all of the changes (even the controversial ones) will take effect. For a complete, comprehensive look at all aspects of health care reform, click here. We’ve listed a few of the main changes below.

  • Businesses with more than 50 employees will be required to provide health insurance or pay a penalty.
  • Businesses that provided coverage will benefit from substantial tax credits.
  • Individuals not covered by employers will be required to purchase health insurance or pay a small penalty.
  • Individuals who purchase health insurance for themselves will receive a substantial tax credit.
  • No one will be denied health insurance coverage, even if they have a pre-existing condition.

Outcome Number Two: The Law Gets Paired Down

In this scenario, certain aspects of reform will be ruled unconstitutional and others will remain in place. The individual mandate is the piece of the reform puzzle that is most likely to be struck down. This would mean that individuals would not be required to purchase health insurance if they did not want to and they would be exempt from any sort of penalty.

Outcome Number Three: Scrap the Whole Thing

If the Supreme Court decides that the individual mandate and all the other parts of reform are unconstitutional, we turn back time and the health insurance companies will revert back to doing business like they did in 2009. This means that the even well-received changes such as the extension of parents’ coverage for young adults under the age of 26 would be in jeopardy. In addition, insurers could once again deny coverage based on pre-existing conditions.

General Healthcare, Group Health Insurance, Health Care Reform, Individual Health Insurance, Politics and Legislation, Uncategorized