Health and Human Services Secretary Kathleen Sebelius, an hour before the U.S. Supreme Court could have released their decision yesterday, praised the Minimum Loss Ratio (MLR) regulation that will force 5,490,187 Americans to lose their HSA and find new insurance — yet another violation of the “if you like your plan, you can keep it” promise made repeatedly by President Obama.
The MLR regulation is the main culprit in the manner in which ObamaCare will kill off HSAs in the individual and small group markets, meaning that just less than half the HSAs in the United States will be regulated out of existence. The MLR regulation, in it’s design, discriminates against HSAs.
The MLR regulation’s impact on destroying the health plan options, restricting freedom of choice, and increasing costs in the individual and small group market was the basis of the HSA Coalition’s and FreedomWorks joint Amicus Curiae brief to the Supreme Court, which can be found here.
My analysis of the impact of our Amicus brief on the comments of the Justices during the oral arguments before the U.S. Supreme Court, can be found here.