Monday, April 6, 2015

Health tax ruling will have big effect on Women

The stakes are  high for women who make up a majority of marketplace plan enrollees.
Plaintiffs in the King vs. Burwell case argue that a section of the Affordable Care Act says the tax credits can only go toward coverage purchased “through an exchange established by the State.”
If the plaintiffs prevail and tax credits are disallowed in the 34 states, millions of Americans could immediately find their insurance unaffordable and subsequently drop coverage.
The majority of those coverage losses would likely fall on women. Females probably account for 54 percent of the 8.6 million marketplace plan members in the 34 states that rely on the federal exchange at HealthCare.gov.
And national trends suggest that roughly 87 percent of these women, nearly 4.2 million, receive tax credits that could be lost if the Supreme Court decides that the subsidy is illegal.
Losing their coverage means they no longer would benefit from consumer protections in the health law that outlawed discrimination against women in the individual insurance market.
The high court is expected to decide in June whether to continue the tax credits for those who live in the 34 states where the federal government operates the health insurance marketplace.

Read more here: http://www.bradenton.com/2015/04/06/5732163/health-tax-ruling-will-have-big.html#storylink=cpy


Read more here: http://www.bradenton.com/2015/04/06/5732163/health-tax-ruling-will-have-big.html#storylink=cpy

No comments:

Post a Comment