Now that the Affordable Care Act has been declared constitutional and will likely become the law of the land, now is a good time to actually look at the law and see what it might mean for you. Here is a list from Whitehouse.gov that takes a look at what today’s ruling means for the middle class: "
- Insurance companies no longer have unchecked power to cancel your policy, deny you coverage, or charge women more than men.
- Soon, no American will ever again be denied care or charged more due to a pre-existing condition, like cancer or even asthma.
- Preventive care will still be covered free of charge by insurance companies--including mammograms for women and wellness visits for seniors.
- By August, millions of Americans will receive a rebate because their insurance company spent too much of their premium on administrative costs or CEO bonuses.
- 5.3 million seniors will continue to save $600 a year on their prescription drugs.
- Efforts to strengthen and protect Medicare by cracking down on waste, fraud, and abuse will remain in place.
- 6.6 million young adults will still be able to stay on their family's plan until they're 26.
A major impact of the Court's decision is the 129 million people with pre-existing conditions and millions of middle class families who will have the security of affordable health coverage.
We should also remember that under today’s ruling, having health insurance is and will continue to be a choice. If you can’t afford insurance or you’re a small business that wants to provide affordable insurance to your employees, you’ll get tax credits that make coverage affordable. But if you can afford insurance and you choose not to purchase it, the taxpayers will no longer subsidize your care for free."
This comes from the proponents of the affordable care act, but even if you are an opponent of it, you might wish to look at the list to see if it will not improve your insurance coverage.