Thursday, June 28th was a big day in American history. In case you are just joining us, the Supreme Court ruled that the Affordable Care Act, commonly referred to as Obamacare, is Constitutional. The curve ball of the day was the fact that the individual mandate was deemed unconstitutional under the commerce clause, but it survived as a tax. This means that the law goes forward with an implementation that is expected to take over ten years, and numerous questions remain. Many will not be answered until after the election this November.
The main concern on everyone’s mind is what to do about healthcare costs. It is a paramount issue in this country and it is impacting all of us, both directly and indirectly. Workers are seeing it directly through less take home pay. This is because there is only so much money to go around due to the rising cost of health care. Employers are using money that might have been used for raises or to hire new employees to fund existing employee insurance premiums. So where do we go from here?
In my opinion, the Executive branch of the Federal government will continue to vigorously implement the law. The Department of Health and Human Services has handed out approximately $2.6 billion in grants since the oral arguments were given during the Supreme Court challenge to Obamacare. That is a lot of seed money that would be extremely difficult to take away. Expect more of this going forward. I also anticipate the positive parts of the law to be featured heavily through radio and television advertisements. The law included funding buried in there to promote parts of the law like prevention, the closing of the Medicare Doughnut hole and eventually health insurance exchanges.
Republicans will push for a full repeal. I caught up with Senator Charles Grassley today, who was the ranking member of the Senate Finance Committee during the inception of the Affordable Care Act. He believes repeal will be a central issue in the fall election. The full interview can be heard this Saturday between 10-11 AM Central on a radio program I am hosting called America’s Healthcare Challenge. A podcast of my appearance this morning on the Scott Voorhees program can be found by clicking here. The official page for America’s Healthcare Challenge can be found here.
I also had the opportunity to appear on the Tom Becka program. The podcast can be found here beginning segments 3 and 4 on June 28th.
Stay tuned to healthreformexplained.com as we will focus to provide up to the minute analysis and commentary. You will see this website getting a face lift over the next few months and we are proud to be working with loose knot design. Check back for the latest on this landmark legislation.