There are many possible impacts following the Supreme Court’s decision on the health reform law. Some are less straightforward than others. If the Supreme Court strikes down the individual mandate, but leaves the rest of the law in place could send premiums in the individual health insurance market up by 10% to 30%, studies suggest. Experts debate whether it would trigger the collapse of the market for individual and small businesses. If the Court invalidates the mandate, requirement to cover pre-existing condition, and limits on what insurers charge the elderly would prevent a jump in premiums, but leave no assurance people could get coverage when they need it. The Court could toss the Medicaid expansion only, which would prevent roughly 15 million people from gaining coverage. Though, a sizeable number could be eligible for government-subsidized private insurance, which is more expensive to subsidize than Medicaid.
Six possibilities for health reform (BenefitsPro)
Comments
Special Features
2013 Outlook As we move into a transition year, check out LifeHealthPro's conjectures for the life, annuities, health and disability markets.
The Complete ELNY Saga For more than two decades, the Executive Life Insurance Company of New York (ELNY) has been bled for billions of dollars while languishing in a state-imposed purgatory.
Life Insurance A-Z This alphabetical-themed infographic will help your clients feel more comfortable discussing life insurance protection concepts.
100 Best Sales & Marketing Ideas Whether you want ideas for referrals, generating leads or just listening to your clients better, we have the sales and marketing tips you need.
2012 Advisor of the Year Through a very thorough nomination process we look to find a top producer who is a true cornerstone of a community.
Senior Survey 2011 In this special section, find out how seniors build their nest egg, make an estate plan, finance their health care and where they live.
