Healthcare Bill Upheld By Supreme Court
June 28, 2012 § Leave a Comment
With today’s announcement Obama’s healthcare bill is upheld as constitutional by the U.S. Supreme Court. Beyond all the political implications, the financial implications for the average American financial outlook is outstandingly positive.
With the new healthcare bill, patients who may have been treated previously for health issues as benign as migraines will not be disapproved for health insurance because of “preexisting condition”. Insurance companies are denied the ability to increase premiums without oversight. In fact, some Americans will be getting rebate checks from insurance companies because the exorbitant amount paid in premiums were not actually all for health coverage, but administrative expenses-like CEO bonuses.
Whether we are on the right or the left, we can agree that Americans being driven to bankruptcy to get well or keep a loved one alive is unconscionable. Medical expenses is one of the top three reasons American’s declare bankruptcy.