Rick Thornton, an Irving health insurance agent, agrees that the nation’s court truly is changing its mind on protecting the long-embattled Affordable Care Act. The ramifications for such a move would be mind-boggling.
Irving health insurance continues to face one challenge after the next as health care stocks show little signs of recovering and the Affordable Care Act’s future is continually called into question after high court Justice Ruth Bader Ginsburg’s recent death. Concerns continue to grow that the land’s highest court will dismantle the ACA once they begin hearing arguments on November 10.
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According to businessinsider.com, sector giant Johnson & Johnson sank as much as 3.3% during last Monday’s trading. United Health Group fell as much as 5.3%, and new Dow Jones industrial average constituent Amgen dropped 3.7%. Several analysts lowered ratings on healthcare stocks, saying Ginsburg’s death clouded revenue estimates, the report said. But the bigger picture revolves around the future of the ACA. Currently, more than 20 million Americans depend on the ACA, including those with health insurance in Irving for their health insurance. It has plenty of proponents, too. But when the government eliminated the individual mandate penalty in 2017, a groundswell of support for the ACA to be struck down entirely began to grow. If ACA were to be struck down, revenue across insurers, hospitals, and health care companies would almost certainly plummet.
Rick Thornton, an Irving health insurance agent, says Americans should take this latest news seriously and pay attention to how things shake out with the court. Ginsburg’s court seat should be filled any day, and growing unrest among lawmakers suggests that the White House will not only choose the best candidate that fits their policy position but will finally pick up a big win in court regarding the ACA. The court’s final decision, whether it is for or against the ACA, will affect the insured, uninsured, and nationwide insurers everywhere. Time will tell how this all settles out.
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