Falls Church, VA – Robert Miller, president of the National Association of Insurance and Financial Advisors, issued the following statement concerning the U.S. Supreme Court’s decision to uphold the healthcare law.
“NAIFA’s primary healthcare reform goal is to ensure access to affordable health services in a sustainable, competitive insurance market without jeopardizing the high quality of care and service expected by consumers. The Supreme Court’s ruling provides the clarity needed to advance NAIFA’s goals,” Robert Miller said.
Partially striking the Medicaid expansion is estimated to impact some individuals who will make too much money to meet current Medicaid eligibility requirements, but will not make enough to be eligible for the law’s tax credits to purchase insurance, Miller said.
NAIFA believes Congressional modification is needed and will ask the following of Congress:
- Remove agent commissions from the medical loss ratio (MLR)
- Repeal the CLASS Act
- Raise or remove the contribution cap for flexible spending arrangements (FSAs)
- Reverse the 3.8 percent tax on unearned income (including annuities)
- Enhance HSA and FSA use
- Build on the employer-based system
- Reduce consumer costs
“As we review the details of the court’s ruling on the Medicaid provisions, NAIFA may make additional requests along those lines,” Miller added.
About NAIFA: Founded in 1890 as The National Association of Life Underwriters (NALU), NAIFA is one of the nation’s oldest and largest associations representing the interests of insurance professionals from every Congressional district in the United States. NAIFA members assist consumers by focusing their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. NAIFA’s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members.