Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

The Effect of Individual Mandate on Kentucky

By Tracy McManamon Subscribe to RSS | March 26th 2012 | Views:
loading
 
  



Many Kentucky residents are unaware of how the happenings on the healthcare front will affect them and their decisions on Kentucky health insurance. Many are struggling to pay their premiums and the individual mandate could raise premiums, thereby raising the number of uninsured. Though the federal government says it will pay the premium for such people, this will be brought about by raising taxes for others.

The Supreme Court will hear the constitutional challenge to the Obama health care law on March 26-28. Long debates are expected on various pressing issues at the center of which is the individual mandate of the law, which requires people without Kentucky health insurance to buy coverage by 2014 or pay a penalty. Questions that will come up:

• Whether this first-of-its-kind mandate should be invalidated because it represents an unconstitutional exercise of Congress’ powers to regulate commerce and to levy taxes.

• Whether Obamacare’s Medicaid expansion affect the extent of state sovereignty as it requires the states to vastly increase their spending on healthcare or give up all the federal Medicaid funds they receive? At present, Medicaid accounts for 40 percent of all federal funds granted to the states, 7 percent of all federal spending, and 20 percent of state budgets on average.

• Whether the hundreds of other provisions of the law will stand or whether some of them will be abandoned, such as tax credits for small businesses, individuals purchasing Kentucky health insurance, and taxes on big businesses that do not provide their full-time employees government-approved coverage.

The arguments supporting the individual mandate is that requiring people to purchase health insurance will end the practice of Kentucky health insurance companies denying coverage on the basis of pre-existing conditions. Proponents of the law also argue that the uninsured do not pay for billions of dollars worth of emergency-room and other healthcare services. This raises the premiums paid by insured families as the cost burden is shifted to them.

Kentucky residents should know that the mandate is not scheduled to come into effect until 2014, and if it does, the initial fines would be due only in 2015. Whatever the outcome, the most important thing is that Kentucky health insurance should be available and affordable for all, regardless of income and age.

Tracy McManamon - About Author:
As a family run business with over 22 years of experience, Tracy McManamon and his team members at One Source Benefits offer expertise in health insurance Kentucky plans and protection from insurance scams. They help clients seek out the best health insurance Kentucky plan for their case specific needs.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/the-effect-of-individual-mandate-on-kentucky.htm

Related Insurance Articles Subscribe to RSS

What signifies Commercial general liability insurance?
Published by Andrew Edwards on January 4th 2012 | Insurance
It is the major concern to go with the plans to get desirable protection against the frequently face...
 
Low cost medical insurance
Published by Lessardcasey on January 13th 2012 | Insurance
Low cost health insurance is something that in the United States comes with high risk and low return...
 
Important considerations with regard to backpackers insurance
Published by Marry James on February 24th 2012 | Insurance
One of the greatest risks that a person can take is to go on an adventurous trip worldwide without g...
 
Why you should acquaint yourself with auto insurance claim procedures
Published by Jerry on March 14th 2012 | Insurance
If you are straight out of driving school and own your first car, you may not know how to deal with ...
 
Importance of one’s own vehicles insurance
Published by Shyam Singh on March 2nd 2012 | Insurance
Suit one’s own insurance policy with each of your must have: Ones own vehicles insurance must have...
 
An easy guide to getting reliable auto insurance
Published by Jerry on March 12th 2012 | Insurance
Finding the right auto insurance product for yourself can be a difficult task if you approach it in ...
 
Tips to find the best car insurance comparison sites
Published by Geenadavis on February 25th 2012 | Insurance
Shopping around for the cheap auto insurance online can be a challenging task if you do not know how...
 
Its possible to have low cost Alabama auto insurance
Published by Alabamaauto Insurances on January 14th 2012 | Finance
It’s possible to have low cost auto insurance Alabama especially if they search online for such of...
 
Plan your business insurance cover to acquire solid defense
Published by Andrew Edwards on March 19th 2012 | Insurance
In addition to expenses made on maintenance of the workings, we also need proper planning in terms o...
 
Why you should visit my cheap car insurance online
Published by Harrisonford on April 13th 2012 | Insurance
Due to high demand of car loans, the need for car insurance policies is also increasing day by day. ...
 
How commercial insurance smooth the progress of home based business
Published by Andrew Edwards on December 6th 2011 | Insurance
Test your business skills first before starting a home based business...
 
How to compare classic car insurance online
Published by Anneshirley on March 20th 2012 | Insurance
If you drive classic car then you must be familiar with the requirements for suitable insurance cove...
 
Musical insurance lets you compose music with a free mind
Published by Michel Jordan on March 22nd 2012 | Insurance
The above write-up states the benefits of choosing a musical insurance provider to cover valuable eq...
 
Set your fundamentals correctly while looking for commercial insurance quotes
Published by Andrew Edwards on April 6th 2012 | Insurance
Run your business with lots of beneficial methods, don’t do anything wrong that can cause you big ...
 
 
How to choose a life insurance policy for you?
Published by Chris Luke on March 30th 2012 | Insurance
Buying a life insurance policy is a necessary part of financial and future planning nowadays. Get on...
 
Comparable New Mexico auto insurance rates requires a keen eye
Published by Alabamaauto Insurances on January 17th 2012 | Finance
New Mexico has many sources of information regarding the best auto insurance quotes which includes t...
 
Benefits of searching the best insurance policy quotes online
Published by Andy Robert on December 27th 2011 | Insurance
Getting online for insurance policy of your choice is one of the safest and easiest method while goi...
 
Affordable medical insurance plan
Published by Lessardcasey on January 13th 2012 | Insurance
In today's world, it's important to be prepared for emergencies. While having a savings account is a...
 
Best insurance lives in South Dakota
Published by Ronnie Brain on January 16th 2012 | Insurance
It is unlawful to drive on the South Dakota roads without auto insurance. If at all you are found vi...