Will Healthcare Reform Benefits Be Realized?
According to a new report issued by independent research group The Commonwealth Fund, baby-boomers in particular will benefit from the new healthcare reform law, the Affordable Care Act of 2010. See http://thehill.com/blogs/healthwatch/health-reform-implementation/133501-report-boomers-will-benefit-from-reform-law.
“About 95 percent of 8.6 million uninsured adults ages 50-64 will benefit either from expanded Medicaid coverage, the ability to buy subsidized private insurance through new insurance exchanges or new consumer protections, the report said. Further, about 9.7 million older adults who have health insurance but cannot afford out-of-pocket costs will gain improved coverage through benefit standards, limits on out-of-pocket spending and the elimination of lifetime benefit limits,” reported The Hill.
The fund’s study was released only days before a Virginia federal judge ruled that a key part of the reform legislation – the requirement that all Americans purchase health insurance by 2014 – is unconstitutional. Specifically, the court ruled that a mandate to purchase insurance violates the Commerce Clause because it compels an individual to involuntarily enter the stream of commerce. Two other federal courts had previously ruled that the provision did not violate the constitution. As most experts predicted, the U.S. Supreme Court must now decide which court is correct.
To view the entire Commonwealth Fund report, go to http://thehill.com/images/stories/blogs/commonwealth%20boomers.pdf.