Published: Fri, December 21, 2018
Medical | By Vernon Walton

States' Credit Quality Threatened by Obamacare Ruling, S&P Says

States' Credit Quality Threatened by Obamacare Ruling, S&P Says

IN was one of 20 states involved in the lawsuit that challenged the constitutionality of the Affordable Care Act. "Pending the appeal process, the law remains in place".

"We have a chance, working with the Democrats, to deliver great HealthCare!"

Indiana Attorney General Curtis Hill signed Indiana onto the lawsuit. Finding further that the individual mandate is essential to the ACA as a whole, the court struck down the entire Act. "A confirming Supreme Court Decision will lead to GREAT HealthCare results for Americans!"

Many legal experts predicted U.S. District Judge Reed O'Connor's decision on Friday eventually will be reversed on appeal considering that the law has been upheld by the Supreme Court, but the uncertainty created by the ruling drove down healthcare stocks on Monday. After Congress repealed the individual mandate in 2017, the federal judge said the rest of the law fell apart. Many of the Marketplace health insurance exchanges, all of the premium subsidies for lower income families enrolled for coverage in the Marketplace Exchanges, and extended Medicaid coverage provisions would also be eliminated.

The 2012 ruling, authored by Chief Justice John Roberts, held that the government cannot order people to purchase health care, but it can impose a tax on those who don't, and interpreted the mandate and penalty as the equivalent of a tax. Republicans, including President Donald Trump, have long criticized the law, calling it a costly and unneeded government intrusion into Americans' lives.

The Supreme Court in 2012 ruled that the individual mandate was a valid exercise of Congress' taxation powers, with the law imposing a monetary penalty on people who did not obtain insurance.

"In the interim, it provides Congress with a real opportunity recognizing that Obamacare is on life support to pull together and make a determination of the things that we need to do to provide sufficient healthcare for all Americans including pre-existing conditions", he said, after show host Steve Doocy complained his own daughter has deductibles on her own Obamacare plan that are too hard to meet.

White House Press Secretary Sarah Huckabee Sanders said: "We expect this ruling will be appealed to the Supreme Court".

"This ruling would have been awful for Republicans if they still controlled the House, but because they don't, they have the opportunity to sit back and focus on message and really this has the potential to give Republicans second life on this issue", GOP strategist Ford O'Connell said.

Still, Democratic Rep. Nancy Pelosi, who is expected to become House speaker in January, vowed to fight what she called an "absurd ruling". But with that "tax" - or penalty - having been removed starting next year, Republicans challenging the law in this case argued the program is now illegal.

"The Affordable Care Act has also been up and running since 2014, which means so-called reliance interests come into play when considering a precedent".

The healthcare industry has long awaited a decision in Texas v. Azar, since the US District Court for the Northern District of Texas heard arguments this past September.

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