Mississippians Could Lose Financial Aid for Health Insurance

Fourteen thousand South Mississippians would lose federal financial aid used to buy health insurance if the Supreme Court strikes down part of the Affordable Care Act.
Mississippi does not have a state run exchange, so many rely on the federal exchange to help those who can’t afford insurance on their own. Should the strike happen, Insurance Commissioner Mike Chaney says there is a plan, which could save the subsidies but it would not be available until 2017 at that earliest.
Mississippi Public Insurance Commissioner Mike Chaney said, “We do have the capacity to operate an exchange in Mississippi, but we’ve got to look at the ruling from the Supreme Court. We don’t know if the Supreme Court will say tax credits are illegal immediately or a year from now, or two years from now. That is a lot of cards in the air, so we’ll just have to wait and see how the ball is bounced so to speak, and then we can make some decisions to try to protect the citizens of the state.”
The Supreme Court is expected to make a ruling by the end of the month.

Categories: Local News, News

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