UnitedHealth will adopt some parts of the Affordable Care Act regardless of what happens in the U.S. Supreme Court in the coming weeks. The insurer will continue to cover children up to age 26 and offer free preventive health care services.
The health insurance industry had supported the health care reform bill, but if the Supreme Court decides to get rid of the individual mandate, that could cause a lot of trouble for the industry.
However the Supreme Court decides its ruling will push health-care reform to the top of the campaign debate. Health reform won't go away. The costs of the system are too high. The fiscal, economic and household pressures remain too great. Back to the future won't work.
There is a lot of theory motivating consumer-driven health plans like the HSA, much of it reminiscent of ideas promoted with the rise of the 401(k) retirement savings plan. Well, three decades later the 401(k) has turned out to be a deeply flawed pension. The same is likely to be true with consumer-driven healthcare plans.
All this week I've been answering last-minute tax questions as part of Marketplace Money's special report on tax season, and here's the latest....