In-Depth: Sponsoring Sen. Ted Cruz (R-TX) called on Congress
“start over, to pass true market-based reforms that will allow the
purchase of insurance across state lines, expand health savings
accounts, and make health insurance personal, portable, and affordable.”
It has been argued that repealing Obamacare would result in mass chaos — that even restoring previously repealed or amended laws would not bring
the healthcare industry back to where it was.
So far the ACA has been a mixed bag for consumers in terms of their health insurance premiums. According to HealthPocket, unsubsidized 30 year old women faced an average premium increase from 2013 to 2014 of $76 per month, while their male counterparts faced an increase of $124 per month. In 2015, 30 year olds will see bronze plan premiums decrease by an average of $30 per month, while silver and gold plans will be essentially unchanged.There have also been many success stories about Americans who couldn’t secure health insurance because of pre-existing conditions, or without paying outrageous monthly premiums for their coverage. Others have been able to save money on their medications, or be able to undergo surgery that wouldn’t have been practical before the ACA came into effect.
Of Note: A Supreme Court case providing the momentum for this legislation — King v. Burwell — ruled 6-3 that tax credits for health insurance can be extended through exchanges set up by the federal government. This challenged the reading of the ACA’s text that they can only be provided through state exchanges.
The federal government established 34 of the health insurance exchanges, while 16 were established by states. It has been estimated that eight million people could have their health insurance impacted by the outcome of the case.
Summary by Eric Revell
(Photo Credit: Flickr user makelessnoise)