June 12, 2012
Three of the top five U.S. health insurers sent a signal that many of the changes wrought by the 2010 health-care overhaul are here to stay, even if the Supreme Court decides the law itself must go.
UnitedHealth Group Inc. (UNH) (UNH), Aetna Inc. (AET) (AET) and Humana Inc. (HUM) (HUM) said this week they would save some of the law’s most popular provisions, including letting young adults stay on parents’ plans. Employers seeking to contain the cost of care will also press to keep other provisions, said Mike Tuffin, who represented insurers as executive vice president at America’s Health Insurance Plans while the law was being negotiated.
Obama’s almost $1 trillion, 10-year plan to overhaul the health system passed Congress without a single Republican vote. Parts of the law expanding insurance coverage were challenged as unconstitutional by 26 states, and the Republican-led House of Representatives has voted at least 29 times to repeal all or part of the law or reduce its funding.
Here’s Alex covering some of the finer points of Obamacare about 3 minutes after it was signed: