This bill would maintain the federal HealthCare.gov tax credits through the end of August 2017 in the event that the Supreme Court strikes down parts of the law in the King v. Burwell ruling expected at the end of June 2015. Meanwhile, the bill would repeal several portions of the Affordable Care Act (ACA) and modify others.
For those of you not brushed up on your health care news, King v. Burwell is the Supreme Court case that challenges the ACA, asking:
"whether subsidies, in the form of tax credits, can go to people in states using the federal exchange, or only to those in the states running their own health insurance marketplaces."Under current law (pre-King v. Burwell), 34 states rely on the federal exchange. Depending on how the court rules, all of those states could lose their subsidies. It has been estimated that eight million people could have their health insurance impacted by the outcome of the case. Learn more about the case and what's at stake here.
This bill would repeal the individual mandate to purchase health insurance, and the employer mandate to offer health insurance to certain employees. It would modify the premium assistance credit that gave subsidies to eligible people for purchasing health insurance. Those who already have the credits could keep them until September 2017 under this bill. People who were not previously enrolled would not be able to receive a credit. So — if you're not in the exchanges currently, things will be pretty different. If you are — things will still change dramatically after 2017, but you can keep your subsidies.
If passed, this bill would allow people to stay in the existing group health plan or health insurance coverage that they were enrolled in until the end of 2017. Family members or new employees could enroll in the group health plan or insurance coverage if the health plan permits it.
States would be able to determine what “essential health benefits” must be covered by group health plans or health insurance plans.