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Posts tagged as “healthcare tax credits”

U.S. Supreme Court Upholds Affordable Care Act aka "Obamacare"

By goodblacknews on June 25, 2015

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The United States Supreme Court has upheld a key portion of President Barack Obama‘s healthcare law in a 6-3 decision.  The court ruled the law made subsidies available for people in all 50 states, not just those who bought insurance through a state exchange.

Thursday’s decision is a major victory for the Obama administration.  “We’ve got more work to do, but what we’re not going to do is unravel what has now been woven into the fabric of America,” Mr Obama said.
The high court case was the second major challenge to the healthcare law – often known as Obamacare – since its passage.  “Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them,” Chief Justice John Roberts wrote in the opinion.
If the law had been overturned, 6.4 million Americans would have been at risk of losing aid.
The 2010 law set up a federally run insurance exchange where Americans who were not covered by employers or other U.S. health programs could buy health insurance.
_83865579_img_3952Opponents argue that a phrase included in the law, “established by the state,” demonstrated that the healthcare subsidies should have only been available for people in states that set up exchanges.
However, most Americans receiving subsidies purchase healthcare through the federal exchange after many states decided not to set up their own marketplaces.
The Obama administration argued that was a too-narrow reading of the law, which spans nearly 1,000 pages, and the rest of the legislation makes clear subsidies are intended for those who meet income requirements, regardless of which exchange insurance was purchased from.
Justice Roberts voted with liberal colleagues in support of the law. He was also the key vote to uphold it in a 2012 case. Justice Anthony Kennedy dissented in 2012, but sided with the majority on Thursday.
Justice Anthony Scalia’s wrote in his dissent that the Supreme Court is setting a precedent of favouring some laws over others.
“We should start calling this law SCOTUS care” Justice Scalia’s wrote. “Today’s interpretation is not merely unnatural; it is unheard of.”
The upholding of the law cements President Obama’s biggest legislative victory.

Uninsured Blacks Eligible for More Aid under Affordable Care Act

By goodblacknews on December 13, 2013
Health and Human Services Secretary Kathleen Sebelius, left, talks with enrollment specialist Jaileene Tavarez, right, and Shaheda Jenkins, center at the Community Health and Social Services Center in Detroit Friday, Nov. 15, 2013. (AP Photo/Paul Sancya)

Health and Human Services Secretary Kathleen Sebelius, left, talks with enrollment specialist Jaileene Tavarez, right, and Shaheda Jenkins, center at the Community Health and Social Services Center in Detroit Friday, Nov. 15, 2013. (AP Photo/Paul Sancya)

WASHINGTON (NNPA) – As President Obama continues a revised campaign to shore up American confidence in the Affordable Care Act, a new report released today points out that six out of 10 uninsured African Americans who are eligible for insurance through the Affordable Care Act’s marketplaces – 4.2 million people – may also be eligible for federal options and/or financial assistance with healthcare costs.

According to the report from the Department of Health and Human Services, 2.2 million may qualify for either tax credits to help purchase plans in the Health Insurance Marketplace, while the other 2 million may qualify for free to low-cost coverage through Medicaid or the Children’s Health Insurance Program (CHIP). To be eligible for the Health Insurance Marketplace one must be nonelderly and lawfully living in the United States.
Under the law, states can decide whether or not to expand Medicaid coverage to people living on at least 138 percent of the federal poverty line (currently, it’s $15,857 per year for a single person, and $38,047 per year for a family of five). This provision expands the safety net for people who are just above the poverty line, but still unable to afford packages from private companies. The government is required to provide 100 percent of funding for the first three years (phasing down to no less than 90 percent federal funding in subsequent years) to any state that expands Medicaid.
Today, 6.8 million African Americans of all ages are uninsured. Florida, Georgia, Texas, North Carolina, and New York are home to the highest populations of uninsured African Americans who are eligible for the ACA’s provisions. Of those, only New York has expanded Medicaid.
If all 50 states expanded Medicaid, 95 percent of uninsured African Americans would be eligible for Medicaid, CHIP, or Marketplace tax credits, including those without dependents in the home who have traditionally been barred from Medicaid. In addition to using the virtual marketplace to compare plans offered by the private companies in their own state, the uninsured also have the option to become insured through Medicaid, insure their children through CHIP, or use federal tax credits to mitigate the cost of a private plan from the marketplace.
Currently, 26 states have done so, and according to the report, Medicaid currently covers 60 percent of eligible uninsured African Americans. However, an additional 2.2 million eligible uninsured African American adults with family incomes below 100 percent of the federal poverty level live in states that are not expanding Medicaid. Twice as many uninsured African Americans live at the 138 percent FPL threshold, but only 1.5 million live in Medicaid expansion states. That leaves nearly 3 million people stuck between having too much income to qualify for Medicaid, but not enough to afford private plans in the marketplace without assistance.