Could the U.S. Supreme Court Halt ACA Progress?

Could the U.S. Supreme Court Halt ACA ProgressIt’s no secret that the Affordable Care Act (ACA), also referred to as Obamacare, has been a controversial subject for both businesses and individuals throughout the U.S. Just last month we mentioned how some Tennessee Small Businesses are still struggling with adapting to the ACA. At Barnes Insurance Agency, we do our best to provide the most help possible navigating the complicated details of complying with Tennessee ACA Regulations. However, when the U.S. Supreme Court starts making changes, that’s when things can get a bit tricky!

If you’re not familiar with the case of King v. Burwell, Virginia state plaintiffs argued about the subsidies, or tax credits, that have been created by the ACA in order to make health care insurance more affordable for low-income individuals. While the ACA requires that all states create health insurance exchanges, or else be provided with federal exchanges, Virginia plaintiffs are argued it was outside of IRS authority to make these credits available to both federal and state insurance exchanges.

Defendants and proponents of this case argue that if the court rules against the subsidies that are provided by the ACA, the progress that has been made in providing a more fair health care system could come to a halt. Low-income and middle-income Americans rely heavily on subsidies in order to be able to afford health insurance. It’s estimated that if these subsides were lost, about 8 million Americans would likely lose their ability to afford their health insurance.

A decision regarding this case is expected to be reached in late June. Many ACA supporters hope that focus will stay on what the ACA has done; provided insurance that is affordable for low-income individuals.

At Barnes Insurance Agency, in addition to brining you the latest relevant insurance news, our specialists are here to help ensure that Tennessee has access to quality personal and business insurance solutions that will protect themselves, their families, and all their assets against a number of financial loss exposures. To learn more about our East Tennessee insurance agency and our offerings, contact us today at (866) 733-5424.

 

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