The Supreme Court’s decision buys time: More Americans will have a chance to learn what reform means

Now, the power to make a decision about health reform is back where it should be – in the hands of the American people. In November, they will vote.

Ironically, the Supreme Court challenge may have put them in a better position to vote in their own self interest.

When the case went to the Court, a dreary policy debate turned into a contest that piqued our interest. Americans like spectator sports: Who will win? Who will lose?

Thanks to the publicity, some learned that the Affordable Care Act’s mandate will apply only to Americans who don’t have employer-based insurance, Medicaid or Medicare. And while that relatively small group will be subject to a penalty if they don’t buy insurance, they also will be eligible for a subsidy if they do.

Since the Court announced its controversial decison, some media coverage has delved a little deeper into the details of reform.

For example, last week, the Christian Science Monitor offered a quick lesson in “How the Supreme Court Ruling Affects Families.” Consider a “family of four, headed by a 45-year-old, with an income of $60,000″ purchasing their own insurance. In 2014, they “would reap a tax subsidy of $9,308.”

If they didn’t buy insurance, in 2014 they would pay a penalty of $285. Suddenly, health reform doesn’t sound so scary.

I published this post on HealthInsurance.org a few hours ago.  To read the rest of the post, click here

3 thoughts on “The Supreme Court’s decision buys time: More Americans will have a chance to learn what reform means

  1. Hi Maggie:

    This question was asked of me. Is the assitance to pay the premium coming in the form of a tax credit? Your statement here kind of answers it; but, I am curious.

    “In 2014, they “would reap a tax subsidy of $9,308.”

    If the families in the lower income brackets have to shell out the entire premium during the year, they may not have enough inome to do so. Is the subsidy payed out throughout the year and monthly? What do you understand this to be in assistance?

  2. run —

    Good question. They have it covered:

    “The credit can be paid in advance to a taxpayer’s insurance company to help cover the cost of premiums.” Moreover “The premium tax credit is refundable so taxpayers who have little or no income tax liability can still benefit.”

    This is the sort of things that I hope the press will be discussing as they fill people on the crucial details that will make reform work.

    We need many articles on various sections of the law: a good, fact-filled piece on tax credits for individuals and families buying their own insurance.
    Another piece on the tax credits that are available to
    small businesses, making it possible for them to offer insurance to employees.
    Etc.,etc. etc. So many details,almost all of them containing good news.

    • Maggie:

      Been thinking about writing such on Angry Bear. Ferreting out things such as the tax credit detail is hard to do. As you know, I am “fairly” knowledgable on the ACA. This one stumped me.