Posts Tagged ‘obamacare’

Affordable Care Act- the 80/20 Rule


03 Jul

You may hate parts of the Affordable Care Act. You may think the individual mandate is unconstitutional, despite the Supreme Court. (Lots of people think this about income taxes.) But there are parts of the ACA that everyone can like.

One part of the act you should like- the 80/20 rule. This rule says your insurance company must spend at least 80% of your premium on healthcare costs. Only 20% can go toward administration. The company must make visible exactly what those percentages are and issue you a rebate if they don’t spend enough of your premium on medical costs.

Affordable Care Act Upheld


29 Jun

Yesterday’s ruling by the Supreme Court upholding most of the Affordable Care Act was a momentous one. Legal precedent wise, the number of opinions, and which Justice signed on to what, is a much murkier bag. For precedent purposes, it is going to take some time to parse exactly what this ruling means. It may or may not be a win for Democrats. It may or may not be a loss for Republicans.

But for those people who, as a friend put it yesterday, just want the option of being able to pay for insurance, it is a major win.

Today is THE DAY (Court Watching Day 3)


28 Jun

Today is THE BIG DAY in Court watching. It’s the day the Supreme Court will announce it’s ruling on the healthcare bill. I see reports everywhere that lots of people want it struck down as unconstitutional. I want to ask those people if they think a pre-existing condition should be a barrier to insurance. Or if college students (who are unlikely to be able to get health insurance through a job) should be forced off their parents’ insurance? People like those provisions. They don’t like the individual mandate. Today we find out if all, none, or some of it goes.

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