Now that the Supreme Court has delivered its final verdict on ObamaCare, which upheld the law’s contentious individual mandate, insurance providers and industry groups are warning of even greater premium increases on Americans’ health plans. While President Obama touted the law as a cost-savior for the healthcare industry — going so far as to call it the “Affordable Care Act” — insurance premiums have consistently risen ever since the law was enacted.
America’s Health Insurance Plans (AHIP), the industry’s chief lobbying group, issued a statement following the ruling, stressing the importance of “secure, affordable coverage choices,” but saying that “major provisions, such as the premium tax, will have unintended consequences of raising costs and disrupting coverage unless they are addressed.” AHIP CEO Karen Ignagni suggested that due to the inflated costs, “it’s time for people to roll up their sleeves and look very carefully at those provisions.”
In a 5-4 opinion written by Chief Justice John G. Roberts, the U.S. Supreme Court upheld the main provisions of the “ObamaCare” healthcare law, including the penalty for non-compliance with the mandate that uninsured persons purchase health insurance by 2014. The Court upheld the mandate on the strength of the taxing power of Congress, but not before writing another chapter in the Court’s often tortured and zigzag interpretations of the Constitution’s Commerce Clause.
Beneficiaries of the Social Security Disability Insurance (SSDI) program can expect to see their checks cut to 79 percent by 2016, according to the program's trustees.
Federal auditors recently issued a report charging a Kansas-based medical manufacturer with potentially paying out more than $4 million in fraudulent Medicare claims for “male vacuum erection systems,” more commonly known as “penis pumps.” In turn, the auditors requested that the company reimburse all the money to the federal government and “implement policies and procedures to help ensure that it collects and maintains the required documentation.”
Rather than making healthcare more affordable, ObamaCare has made it less affordable — and will make it even less affordable as new mandates take effect — executives told a House subcommittee.