Guam News - Guam News
Washington D.C. - Congresswoman Madeleine Bordallo hailed Thursday’s historic Supreme Court decision upholding Obamacare as a big win for Guam and the nation.
HEAR Matt Kaye's report HERE>>>06-29 bordalloscotusobamacare.mp3
Bordallo says she’s “very pleased” at the outcome, after hours and days of uncertainty. But when the High Court upheld 5-to-4 the Affordable Care Act’s core insurance mandate or requirement as constitutional, Bordallo had this:
“It’s a victory for all americans, especially women and children and seniors, and all those who were discriminated against, or were denied coverage due to, especially, pre-existing conditions. That’s one part of the act that I really supported.”
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Bordallo says it’s too early to know if the law will increase insurance costs for businesses and individuals or hurt jobs. Hill Republicans and GOP Presidential candidate Mitt Romney vow to repeal it.
But Bordallo says the Affordable Care Act has already helped deal with healthcare disparaties on Guam. “The act significantly increased funding for medicaid services on Guam and this provision provided more than $268-million in additional medicaid funding, spread over fiscal years from 2011 to 2019."
Guam is eligible for $42-million this fiscal year under the new law, up from about $12-million before the Affordable Care Act became law.
And insurers must now pay by August 1st, premium rebates averaging $852-dollars per qualifying family, the highest in the nation, to more than 46-thousand insured in Guam.
The law requires rebates when insurers fail to use at least 80% of premiums for health services.
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