Posted on 06/18/2015 5:51:27 AM PDT by Jess Kitting
The Supreme Court will soon announce its decision in King v. Burwell, a case that could have far-ranging impact on the Affordable Care Act. The system more commonly known as Obamacare pays subsidies to taxpayers below 400 percent of the poverty line to cover health-insurance premiums. The plaintiffs in King argue that the explicit language of the law forbids subsidy payments to those purchasing health insurance outside of a state exchange.
States lack 'plan B' for loss of Obamacare aid CNBC Obama Readies His Veto Pen for a GOP Health Care Fix The Fiscal Times Post-King v. Burwell Advice for Republicans in Congress The Wall Street Journal High Court Shouldn’t Have Taken Obamacare Suit, Obama Says Bloomberg Burwell: Obama wouldn't sign GOP plan to extend insurance subsidies Reuters If the Supreme Court decides to follow the explicit textual language of the ACA, people in 34 states could end up with skyrocketing premiums and no way to pay them. That portends disaster not just for those taxpayers who have to comply with the first-ever federal mandate to buy insurance regardless of any other interaction, it will deliver a body blow to the medical industry as well, Business Insider reports. “[E]conomists are projecting billions of dollars in lost healthcare spending for hospitals, drugstores and drugmakers if the justices say the payments are illegal.”
(Excerpt) Read more at finance.yahoo.com ...
If Hillary is elected, BOHICA, nuff said.
Calgary is nice this time of year...
If she is elected we’re going to get massive new taxes regardless. The Tobin Tax and extending Social Security tax to all levels of income draws 70+% approval in public polling. That’s catnip to the Democrat base, and the Pubbies will cave.
Hillary waddles into the WH in 2017. Unstoppable. Does as she d@mn well pleases up until then.
We are so f***ed.
Hillary, if she wins, will likely also have a Democratic Senate and a Democratic majority House to work with. And Hillary’s VP is likely to be an extreme leftist (Elizabeth Warren or the Mayor of San Antonio).
If Preezy Hillary has a McConnell/Boehner Congress, what would be the difference?
She may have to hedge on her Veep choice - Lizzie Warren would be a serious flak magnet & a ticket with two females might not even garner all of the takers-not-makers vote.
It will be amusing to see the American people shell out new taxes to honor HRC, but they will willingly do so.
She’ll finish us off...
Though it might not matter. After Sept this year, we’ll all be struggling to put food in our families.
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