What if the Supreme Court overturns the individual mandate of the Affordable Care Act (ACA), does this mean Obamacare is over?
The individual mandate is a critical piece of the law, but it is highly controversial. Many feel that the mandate is necessary to hold the coverage pieces in place, because the Obama health reform legislation gets rid of pre-existing conditions, lifetime limits on coverage and other popular insurance market reforms, like keeping children on parents’ policies until the age of 26.
Without the individual mandate, however, experts predict the uninsured will wait to buy insurance until they are sick, which would make everyone who is playing by the rules have to pay for it in the form of higher premiums. This is why it is included in the law. Despite what many think, if the individual mandate is overturned, the law will not go away completely.
The only way for this law to be repealed is if Republicans take back the White House, and both houses of Congress. Still it would be a monumental task, especially since key details impacting all of us are still being written by the federal bureaucracy. This makes a full repeal challenging because many new rules and regulations will have to be repealed as well. This is troublesome because many businesses, medical providers and individuals will be confused as to what they need to do, making the new compliance process a nightmare. Seniors will also be questioning what is going to happen with their Medicare benefits.