The health care ruling and why it impacts you!

Whether you are a democrat or republican, insured or uninsured, the recent health care ruling will impact you.

By a 5 to 4 decision, Chief Justice John Roberts read the long-awaited opinion, stating the entire bill could be upheld under a taxing clause but not under the commerce law.  The commerce law regulates business from state to state, however, since the penalty is paid to the Internal Revenue Service (IRS), the law was upheld under the taxing clause. 

The Individual Mandate

In March 2010, President Obama signed into law the Patient Protection and Affordable Care Act of 2010.  It has been referred to the signature piece of Obama’s administration.  The ruling is a “win-win” for the Obama administration.  The plan requires each person to have insurance coverage, known as the individual mandate, which has been the centerpiece of the healthcare plan.

Those who opposed the mandate have argued it is unconstitutional to make an individual purchase health care insurance.  Whereas, those who support the mandate argued it is similar to auto or flood insurance, which individuals are required to purchase no matter their income levels or employment status.

Failure to Obtain Coverage

The individual mandate will become effective in 2014.  If a person does not have coverage through his or her employer, Medicare or Medicaid, he or she will be responsible to pay a penalty. The government promises to assist low-income family households with a stipend to help pay for coverage.

Other Key Parts of the Plan

In addition to the individual mandate, there are other key parts of the plan:

  • You may be able to receive preventive services at no cost, which means no co-payments for routine services;
  • Insurance companies will cover people with preexisting sicknesses;
  • Lifetime insurance limits and annual benefits will be prohibited;
  • Insurance plans will now cover children up to the age of 26; and
  • The plan also will increase the income limitations for the Medicaid program, which is an insurance program administered by the states insuring low-income individuals.

As of now, the healthcare plan will be fully implemented going forward.  Mitt Romney has told his supporters, “If it is deemed to stand, then I’ll tell you one thing, we’re going to have to have a president – and I’m that one – that’s going to get rid of Obamacare. We’re going to stop it on day one.”

So for now, we have to wait and see!

Remember, Your Choice, Your Future!

Kemberley Washington is a certified public accountant and a business professor at Dillard University. Follow her on Twitter or subscribe to her blog at kemberley.com.

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6 thoughts on “The health care ruling and why it impacts you!

  1. Based on my observations it seems as though the OBAMA Care plan is heavily opposed by the GOP. I’m curious about what forms of healthcare they support for the improvement of the flawed medicare system we currently have in place? What is the GOP alternative plan?

    • Thanks for reading. As of now the healthcare ruling is here to stay, keep in mind Mitt Romney says if he is elected he will repeal on day one. So I guess we will have to wait and see!

    • Mitt is running on repeal and replace. His plan will most likely give states a pool of funds to go towards proving care for people with pre-existing conditions versing making private companies do this. The main problem with Obamacare is people are disregarding what actual doctors are saying. A good % of docs have said they would either retire or change professions if this law passed. So we’re adding 50M people to the healthcare rolls while we’re losing docs. Can you say low quality, long lines, long waits for referrals. Basically HMO on steroids. Not to mention many employers will just drop they’re employees’ employer-based insurance and pay the $3 or $5000 fee because it will be cheaper to do that in the long run. Now those employees that Obama told would be able to keep they’re insurance are now apart of Obamacare. This was a trainwreck waiting to happen whenn Nancy Pelosi said we had to pass the bill to see what was in it…lol. healthcare definitely needed tweeking for those with preexisting conditions but overhaul will not work when it adds almost 2 trillion to deficit. Whatever the answer is this is not it and will irrevocably change this country for the worst. Contrary to what the chief justice said, it IS his job to determine constitutionality and not change a bill to make it fit the constitution. The admin argured the first day before suprems that it was not a tax. Nobody wants to talk about that. Anyway proud of ya sis. Didnt mean to use your blog as my ownn soapbox…lol Keep it the good work.

      • I don’t mind you airing out how you feel about this plan. In fact, I welcome it. I am learning more and more about the plan and doing research to understand how it will impact our lives.

        I will continue to post about the plan to educate myself and readers, so thank you so much for your comments, I truly welcome it.

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