Thursday morning the US Supreme Court released its ruling on the Affordable Care Act. Most of the law was upheld. The most important part of the law, the mandate to buy health insurance, was ruled as constitutional. So what does that mean for you? Most of what it means it yet to be seen. Much of the law's details have yet to be written.
If you live here in California the law will benefit you. Our state legislature has passed laws that incorporate most of the strongest mandates from the ACA into state law and many more are on the way. All these mandates add up. Premiums will rise when carriers are forced to cover more. So the mandate adds bodies to pay for these new covered expenses. The more bodies in the "premium pool" the less we all have to pay. Will our premiums go down? No! But they would have risen at a rate we have never seen before had the "force to buy" mandate not been upheld.
In the coming year we will know so much more about the practical end of the law. There will for sure be good that comes out of it, and there will for sure be so much more bureaucracy that comes out of it. We will see how cumbersome it is to work with. Please stay tuned to the practical side of your health care. We will continue to update as information becomes available. As always, if you have specific questions please call Lisa Boyajian or Angela Gambino at (714)680-5900 or check us out at our website at www.ansainsuranceservices.com . We work with all major health insurance carriers in California.
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