Obamacare Lives On

As many of you have probably heard, the Supreme Court ruled recently that it is lawful for states that had not set up their own exchange (like Florida) to use federal subsidies (tax credits) to help citizens pay for their Marketplace health insurance policies.

The ruling was critical because if they had ruled against the Affordable Care Act, the whole program would most likely have crumbled, and we would be left with lawmakers on both sides of the aisle scrambling to put something together for the 10-15 million Americans either out of coverage or not able to afford their Marketplace coverage any longer because of the loss of tax credit assistance.

This ruling solidifies the healthcare law at least until President Obama leaves office, but more than likely for the long term. Expect some tweaks in the years to come, but all in all, this system will most likely stay in place.

And so for those that have sat on the sidelines, waiting to see how everything would shake out politically for the law, this year should be the year to take a closer look at the plans and pricing, not to mention the options available ‘off exchange’ and completely outside of Obamacare. There are still some very affordable health insurance options available and with more and more carriers getting involved, competition should continue to improve plan options and pricing. With almost 2 out of 3 bankruptcies the result of excessive medical bills, be sure to make your health insurance a top priority.

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