|High Stakes…Burwell v. King|
High Stakes…Burwell v. King
By the end of June, the Supreme Court of the United States (SCOTUS) could rule in the case of Burwell v. King, which deals with the future of the Affordable Care Act. The issue is determining if the IRS may lawfully promulgate regulations to extend to tax-credit subsidies for the health coverage purchased through exchanges establish by the federal government under the Affordable Care Act. We are talking real high stakes here with how the court will rule…
If the court rules that that the federal government cannot offer subsidies in states using a federal health care exchange, we may see upward to 9.6 million subscribers booted off their insurance in 37 states, including Michigan. Moreover, insurance companies may increase premiums in the individual market or leave the exchanges completely.
So, there is no question that this decision may have an incredible impact on our health care system in our country, here in Michigan, our members, and our community. Although there is no way for us to predict the outcome until the court rules, below is a helpful link from Blue Cross Blue Shield of Michigan that provides assistance with any health care issues that your business may have moving forward.