We recently wrote about the effect that Obamacare has had on insurance brokers. But what sort of effect has it had on the American public?
The contraception mandate is one of the most controversial parts of Obamacare. Some employers have religious objections against contraception, and they argue that being forced to provide contraception to their employees violates their freedom of religious expression.
The implementation of the Affordable Care Act was the industry equivalent of a 5.0 magnitude earthquake. The change was so drastic, it’s difficult to exactly pin down just how much has changed.
The ruling in King v Burwell effectively ended all major, serious lawsuits against Obamacare. But that doesn’t mean that the Affordable Care Act is totally off the hook, legally speaking. The law is still politically contentious, even if its legal status has been repeatedly confirmed. So lawsuits still pop up from time to time. In fact, there are a handful that still have yet to be totally resolved. Here are the most significant lawsuits that Obamacare still faces.
There are four people who are accustomed to being lied to regularly: Kindergarten teachers, IRS agents, human resource managers when they read through resumes, and dentists after they ask how well their patients take care of their teeth. If people flossed as often as they claim to, Oral-B would see its stock double overnight.
It all ended on late last month.
In the King V Burwell case, the Supreme Court ruled 6-3 in favor of the defendants, establishing that the federal government can provide subsidies even in states that have not set up their own exchanges. Chief Justice John Roberts wrote the court’s majority opinion and was joined by Justices Kennedy, Ginsburg, Breyer, Sotomayor and Kagan.
The Obama administration wants everyone to get health insurance. That is, after all, the goal of Obamacare. But there is one group the administration wants more than any other to sign up: young people. If you want proof, check out where Obama himself has appeared on to urge young Americans to get policies. He sparred with Zach Galifianakis on Funny or Die and poked fun of himself in a silly Buzzfeed video. Both media outlets, not coincidentally, are favorites among millennials.
Who’s afraid of the big, bad King V Burwell?
Not Obama. One might suspect that he’d be a little worried about the impending ruling on the President’s legacy-defining piece of legislation. If just five of the nine Supreme Court justices find that states need to set up their own exchanges in order to provide subsidies, it could send the Affordable Care Act into a tailspin. Millions of Americans stand to lose their health insurance because they can’t afford it without financial help. And if too many people can’t afford a plan, the delicate system that makes the ACA work could collapse entirely.
Blue Cross Blue Shield (BCBS), the 800 pound gorilla of insurance providers, has been slammed with lawsuits according to The Wall Street Journal. The antitrust lawsuits argue that the 37 independently owned companies within the BCBS organization operate as an illegal cartel.
Obamacare uses the classic “carrot and the stick” method of motivation to get everyone insured. The carrot, of course, is the abundant subsidies available to help pay for coverage. Most people who make less than four times the federal poverty level qualify for financial help. The stick is the penalty for failing to acquire insurance in a given year. For 2014, the penalty was $95 or one percent of your household income, whichever is greater. For 2016, the penalty will jump to $695 or 2.5 percent of your household income, whichever is greater.