In June of 2012, The Supreme Court Ruled that the Affordable care act was indeed constitutional. That included the much disputed individual mandate that people be insured. It was upheld. ObamaCare would go forward as written with one exception, States could opt out of the feederal Medicaid expansion. Today I'd like to focus again
on the Individual Mandate.
Chief Justice John Roberts joined with the court’s four liberal justices in the ruling, which says Congress had the authority to impose the law’s individual mandate under Congress’s taxing power.
There was one rebuke to the Obama administration: The court ruled that the states can reject the law’s Medicaid expansion.
Many states opted out of the expansion, thus putting the onus of the exchange on the Federal Government. They will
not see the benefits of the expansion. Many will be
exempt from the individual mandate penalty.
It is beneficial for people to understand the number of people that will be affected by the Individual Mandate slated to go into effect in 2014. That deadline is March 31, 2014. This is the
individual mandate. Basically, if you or your family do not have insurance by a set time you will be required to buy an insurance plan or pay a penalty.
Q. I don't have health insurance. Will I have to get it, and what happens if I don't?
A: Under the legislation, most Americans will have to have insurance by 2014 or pay a penalty. The penalty would start at $95, or up to 1 percent of income, whichever is greater, and rise to $695, or 2.5 percent of income, by 2016. This is the individual limit; families have a limit of $2,085 or 2.5 percent of household income, whichever is greater. Some people can be exempted from the insurance requirement, called an individual mandate, because of financial hardship or religious beliefs or if they are American Indians, for example.
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