Why The Obamacare Decision Is Very Good News For Women
forbes.com — The U.S. Supreme Court upheld the Affordable Care Act, saying that the individual mandate is constitutional as a tax. This is fantastic news for the nearly 50 million uninsured Americans. Women in particular should pop the champagne and celebrate. Of those millions of uninsured, 19 million are women. Women are big financial winners in this decision in other ways. The first is the elimination of gender rating, or charging women more because they’re women, pure and simple.All told, the practice costs women about $1 billion a year. That will now become illegal in 2014, after the ACA is fully implemented. Insurers will no longer have free reign to charge women whatever they like for no discernable reason. That extra $1 billion in our pockets sounds pretty good.