It’s here! The Republican package to repeal the Affordable Care Act (ACA). The repeal is on the Supreme Court’s schedule to be reviewed later this June. The Affordable Care Act Repeal would take effect January 1st, 2016. Literally, in the next 6 months.
While King vs. Burwell is currently addressing the health insurance subsidies, this repeal package goes further. The repeal replaces the subsidies completely with a tax credit. The subsidies were given to Americans to lower the cost of health insurance, when purchased on the exchange. Individuals and families will still have financial support, but it will not be immediately like through the subsidy.
The full details have not completely released. However, it does appear the repeal package has enough interest to add quickly to the Supreme Court’s agenda. There is a long road ahead for this repeal package. We will keep you posted on all the updates… more to come.