- June 18, 2021
- Posted by: Stratford Team
- Category: Business
Opponents of Obamacare must have thought the third time would be the charm. The Supreme Court struck down two previous challenges, but the law’s foes came back again. Their luck was no better this time.
For businesses throughout the health-care industry, Thursday’s ruling makes the future more predictable by ensuring that key provisions will remain in force.
The ACA expanded the availability of health coverage in several ways. It created online exchanges through which individuals who cannot get coverage elsewhere can buy policies regardless of health status with generous subsidies if their income is low. It offered financial incentives to states that expand their Medicaid programs to cover more people. And it allowed children to stay on their parents’ health insurance until age 26.
» READ MORE: Stimulus bill boosts health coverage by expanding Obamacare tax credits and subsidizing COBRA
About 31 million Americans have gained coverage as a result.
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