Jun 25, 2015 7:36:54 PM
By Coastal Payroll
In a 6-3 vote, the Supreme Court cemented President Obama’s controversial, yet defining Affordable Care Act. The result preserves premium subsidies for 6.4 million Americans in the 34 states that rely on the federal marketplace.
"Five years ago, after nearly a century of talk, decades of trying, a year of bipartisan debate, we finally declared that in America, health care is not a privilege for a few but a right for all," Obama said. He later added, "The Affordable Care Act is here to stay.”
This is the second time the nation’s highest court took sides with President Obama’s signature health care law, with this year’s ruling more assertive than the decision in 2012.
According to the Health and Human Services, at least 10.2 million Americans have signed up for health coverage through Obamacare. If the Supreme Court had ruled differently, those 10 million may have found themselves suddenly uninsured.
Thursday’s ruling means the legislation and President Obama’s victory will almost certainly long live past his presidency. The dissenters were the court’s three most conservative members: Justices Antonin Scalia, Clarence Thomas and Samuel Alito
Although Justice Antonin Scalia called the ruling, “wonderfully convenient”, President Obama argued, “It’s working. In many ways this law is working better than it’s supposed to.”
Filing requirements for applicable large employers (those with at least 100 FTE employees) begin this year. Coastal Payroll, together with iSolved, has full reporting support for the Affordable Cart Act. If you have not yet prepared for the mandate, please contact us at firstname.lastname@example.org to learn more about our ACA Compliance Package.