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Regulators, Actuaries React to ACA Decision

Insurers and regulators nationwide expressed relief that the U.S. Supreme Court's 6-3 ruling in King v. Burwell upheld the Affordable Care Act's premium subsidies in all states...
July 1, 2015

Insurers and regulators nationwide expressed relief that the U.S. Supreme Court's 6-3 ruling in King v. Burwell upheld the Affordable Care Act's (ACA's) premium subsidies in all states. "Uncertainty in insurance is not a good thing," said National Association of Insurance Commissioners (NAIC) President and Montana Insurance Commissioner Monica Lindeen. "The decision allows regulators, consumers and the industry a level of certainty that supports stability for insurance markets in our states."

Actuaries and insurance experts said if subsidies were eliminated in states that rely on the federal government to run their exchange, a "death spiral" would have ensued. "This avoids the likely kind of chaos that would've resulted in a ruling for King," said Cori Uccello, senior health fellow at the American Academy of Actuaries.

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