Captain Obvious
11-10-2014, 09:31 AM
Caught this in my email this morning.
Not sure what to make of it. Modern Healthcare is kind of a b-rate publication IMO but if this case is successful and subsidies are pulled and certain parts unravel at this juncture, that could be semi-catastrophic to the industry.
http://www.modernhealthcare.com/article/20141108/MAGAZINE/311089987?utm_source=AltURL&utm_medium=email&utm_campaign=am%3Fmh
It's anyone's guess whether the U.S. Supreme Court (http://www.modernhealthcare.com/section/articles?tagID=5805) will invalidate or uphold federal premium subsidies in 36 states when it hears King v. Burwell next year. Loss of those subsidies almost certainly would cause several million people to lose health coverage because they could no longer afford the premiums.
But experts are already speculating about what the justices will decide—and what it would mean for insurers, healthcare providers and millions of Americans in the individual insurance market. The case is widely expected to be a nail-biting replay of the court's bitterly divided 2012 ruling upholding the constitutionality of the Patient Protection and Affordable Care Act (http://www.modernhealthcare.com/section/articles?tagID=928), with Chief Justice John Roberts perhaps once again casting the deciding vote.
The court unexpectedly announced Friday it will hear the case, which centers on whether the ACA's language allows consumers to receive premium tax credits in the 36 states that are relying on the federal HealthCare.gov (http://www.modernhealthcare.com/section/articles?tagID=5891) exchange. It's expected that the justices will issue their ruling around June 2015.
Not sure what to make of it. Modern Healthcare is kind of a b-rate publication IMO but if this case is successful and subsidies are pulled and certain parts unravel at this juncture, that could be semi-catastrophic to the industry.
http://www.modernhealthcare.com/article/20141108/MAGAZINE/311089987?utm_source=AltURL&utm_medium=email&utm_campaign=am%3Fmh
It's anyone's guess whether the U.S. Supreme Court (http://www.modernhealthcare.com/section/articles?tagID=5805) will invalidate or uphold federal premium subsidies in 36 states when it hears King v. Burwell next year. Loss of those subsidies almost certainly would cause several million people to lose health coverage because they could no longer afford the premiums.
But experts are already speculating about what the justices will decide—and what it would mean for insurers, healthcare providers and millions of Americans in the individual insurance market. The case is widely expected to be a nail-biting replay of the court's bitterly divided 2012 ruling upholding the constitutionality of the Patient Protection and Affordable Care Act (http://www.modernhealthcare.com/section/articles?tagID=928), with Chief Justice John Roberts perhaps once again casting the deciding vote.
The court unexpectedly announced Friday it will hear the case, which centers on whether the ACA's language allows consumers to receive premium tax credits in the 36 states that are relying on the federal HealthCare.gov (http://www.modernhealthcare.com/section/articles?tagID=5891) exchange. It's expected that the justices will issue their ruling around June 2015.