In a Wow moment, the Supreme Court announced on November 7th, that they will take one of the four pending “Halbig” cases––specifically King v. Burwell.
The issue is over whether the new health law actually authorizes the payment of premium subsidies in the 37 states that will rely upon the federal government to run their exchange in 2015.
This effort is being made on a number of fronts but has been generally know as the “Halbig” challenge. I guess we will now call it the King challenge.
If the Supreme Court eventually affirms this challenge, anyone receiving a health insurance subsidy in the 37 states run by the feds would immediately lose it. Given that the bulk of those currently getting subsides are at the lower income range for those subsidy eligible, most would likely drop their Obamacare insurance unless they were so sick it made sense for them to beg, borrow, or steal the money they would need to continue making premium payments.
The result would be a much smaller Obamacare insurance pool disproportionately filled with sick people.
Read the full article here.
Contact Steven G. Cosby, MHSA with questions or to request more information and to schedule a healthcare plan evaluation, savings analysis or group plan solution for your company.
