Now that The US Supreme Court (SCOTUS) has ruled that the subsidies can stand, Ieveryone receiving one can take a deep breath. It would have been incredibly damaging to lose the subsidies for more than 6 million people. About the only good that I have seen come from the so-called Affordable Care Act is that many people can afford insurance for the first time – but only with the subsidy.
Republicans are publicly bashing the decision, but behind closed doors are undoubtedly rejoicing – as they had no solution for the problem, either. Its a shame that neither party could have offered up a simple solution to this problem before it got this far, but that clearly is politics in this day and age.
So now we move forward – and hope that DC can fix the law before we go much farther. Whats on the agenda?
– significant rate increases on individual plans are anticipated this year. Increase requests have been as high as 60%
– How many businesses will actually be affected when the “play or pay” rules finally take affect?
– How will the consolidation of large carriers (Anthem is trying to buy Cigna as I write this) affect pricing and product availability.
– How small will the Skinny networks get in the next several years, as carriers look to control costs?
– How will the change in rating size affect the groups with 50-99 employees next year?
– Will the Cadillac Tax stand in 2018, causing even more costs to be added onto the premiums?