CONGRESSMAN BISHOP WELCOMES U.S. SUPREME COURT DECISION UPHOLDING HEALTH CARE TAX CREDITS
WASHINGTON, D.C. – Today, Congressman Sanford D. Bishop, Jr. (GA-02) welcomed the United States Supreme Court’s King vs Burwell decision to uphold the Affordable Care Act (ACA) by ensuring all eligible Americans, regardless of where they live, have the access to premium tax credits to afford life-saving health care:
“Millions of Americans now have access to affordable health care thanks to the Affordable Care Act, so the U.S. Supreme Court decision over King vs Burwell is truly a victory for common sense and for all American families,” said Congressman Bishop. “Now that the Supreme Court has ruled, I am hopeful that the wasteful partisan battles over the ACA will end and our nation can move forward on finding commonsense ways to strengthen the law, expand Medicaid coverage of low-income Georgians, and improve the quality of health care for all.”
The tax credits targeted in the Supreme Court case have helped millions of Americans across the nation get health insurance coverage and lower their premiums by an average of 72 percent in the Federal health insurance marketplaces:
- Access for Georgians: As of March 31, 2015, 452,815 Georgians were enrolled in the health insurance marketplace, 91.1% (412,385) of whom took advantage of the Advanced Premium Tax Credit.
- Decline in the uninsured: After five years of the Affordable Care Act, more than 16 million Americans have gained coverage and the nation’s uninsured rate now stands at its lowest level ever – at 11.9 percent.
- Historically slow growth in health care prices: Health care prices are rising at a slower pace than at any time in the past 50 years.
- No more discrimination against pre-existing conditions: Up to 129 million Americans who could have otherwise been denied coverage or charged higher premiums now have access to affordable coverage.
- Marketplace enrollment is strong: As of March 31, 10.2 million people were enrolled in a Health Insurance Marketplace plan for 2015 coverage.
- Coverage is affordable: About 85 percent of people who enrolled in the Marketplace in 2015 are getting tax credits to make the coverage more affordable. Among consumers who selected plans in the 37 HealthCare.gov states, 8 in 10 could choose a plan with a premium of $100 or less after tax credits.
- Young adults getting covered: 5.7 million young adults ages 19-25 have gained coverage since 2010, improving access to care and benefiting our economy. These gains have cut the uninsured rate among young adults in this age group by more than 40 percent.
- Medicaid expansion: Over 12.3 million additional Americans were covered under Medicaid and the Children’s Health Insurance Program (CHIP) in March 2015 compared to before the ACA open enrollment started.
- Quality of health care is improving: As estimated 50,000 fewer patients died in hospitals and approximately $12 billion in health care costs were saved as a result of a reduction in hospital-acquired conditions from 2010 to 2013.