Recent Supreme Court Ruling and Florida Health Insurance
On June 25, 2015 the U.S. Supreme Court, in a 6-3 decision, upheld the federal health insurance subsidies that have been offered under the Affordable Care Act. The case before the court centered around whether or not federal tax credits should be offered to residents who live in states that don’t offer their own health insurance marketplace, but instead solely rely on the federally provided marketplace, healthcare.gov. Opponents of the subsidies claimed that the ACA makes reference to subsidies being only for states that provided their own healthcare market place. 33 states do not have a state-run marketplace and rely upon the federally provided market place.
What Does This Mean for Florida?
Florida is one of those states that uses healthcare.gov as the health insurance marketplace for individuals who don’t receive health insurance through their employers. Because of the tax credits available to people who use healthcare.gov, over a million Floridians can get health insurance with a monthly premium as low as $88, instead of a monthly premium of $376. That’s a savings of $288 a month! Because of federal subsidies, Floridians using healthcare.gov can save over $3,000 per year. Without these subsidies, over a million people would not be able to afford health insurance in Florida.
Supreme Court Ruling Helps Floridians
The Supreme Court’s decision in favor of the government proves to be a huge help to Floridians. That decision saved Floridians over $3 billion in health insurance in one year alone. Speaking for the affirmative, Chief Justice John Roberts said, “Congress passed the Affordable Care act to improve health insurance markets, not destroy them”, and that’s exactly what the Supreme Court did with that decision: it saved Florida health insurance (saved as in saved money). Without these subsidies, over a million residents of Florida wouldn’t be able to afford health insurance.
Affordable Healthcare Shouldn’t be Based on Where You Live
The justices who supported the federal subsidies believe that affordable healthcare shouldn’t be based upon where a person lives. They upheld the view that the ACA is a federal law that applies to the entire nation. Affordable quotes can be found at https://floridainsurancequotes.net/health-insurance-quote/. Therefore, the subsidies that it provides should be extended to all states, whether or not they provide their own marketplace.
Residents Shouldn’t Be Faulted for State Decisions
The affirmative view goes even further to suggest that residents shouldn’t be faulted for state decisions. Opponents of the subsidies claim that the ACA states that the subsidies are only available to states that created their own marketplace. According to the opposition, if a state didn’t create its own marketplace, then the residents of that state shouldn’t receive the subsidies. The decision of the Supreme Court silences that notion by referring back to the Obama administration’s interpretation of the legislature that believes that the purpose of the ACA is to make healthcare affordable for the citizens of the United States, not just citizens of certain states.
The Ripple Effect Avoided
The Floridian users of healthcare.gov aren’t the only beneficiaries of the recent Supreme Court decision. If the decision would have went the other way and over a million people dropped their healthcare coverage in Florida, healthcare premiums in Florida would have skyrocketed. This would have a negative impact on Florida health insurance. In effect, the Supreme Court decision affects all of Florida.
What Happens in D.C. Affects Florida Health Insurance
An impending disaster was averted by the recent U.S. Supreme Court decision in favor of government subsidies for users of the federal healthcare market place. This decision not only saves money for those that use the marketplace, but it saves all of Florida money, as well.