Posted on 07/22/2014 9:42:04 AM PDT by SeekAndFind
A federal appeals court on Tuesday dealt a setback to the Affordable Care Act, ruling that premium subsidies provided through the federal health exchange in 36 states are invalid under the writing of the law.
Here's the practical effect of the ruling, if it withstands the rest of the legal process: More than 5 million, generally low-income Americans who received tax credits through the federal exchange to purchase health insurance would see their premiums explode.
Avalere Health, an independent healthcare firm, released an analysis last week showing that individuals who received premium subsidies for health insurance would see a premium hike of about 76% if courts ultimately rule they can't get tax credits through the federal exchange.
"The court case has major implications for future insurance coverage and access to care for millions of Americans," said Caroline Pearson, vice president at Avalere Health. "Depending on the ultimate decision by the courts and absent some other remedy, individuals in at least 25 states who remain in their current plans could see an average premium increase of over 70%."
(Excerpt) Read more at businessinsider.com ...
That’s good news! Let’s hope this court decision sticks!
And how many will end up dropping their policies because they can't afford it? Oh, this could get ugly.
This will burn a lot of people. If this stands, the individual mandate needs to go or far cheaper policies need to become available.
Yeah—they’d explode to what the rest of us poor unsubsidized suckers have to pay under Obamacare.
And good if they do. I know people having their insurance paid by taxpayers who indulge in more luxuries than working schlubs like me paying full boat.
Yup
As well it should.
Unfortunately you’re probably right. The GOP quislings would be climbing all over themselves to be the ones to write legislation to update the text of the bill—and apply it retroactively.
That, they would argue, is simply clever “messaging”.
” No. Healthcare premiums would remain the same, it’s just that the taxpayers wouldn’t be picking up a hefty chunk of the tab.”
Yeah, for clarity!!
Premiums would not exude- they would accurately reflect market price.
Ah yes: Liberalism always generates the exact opposite of its stated intent....”Affordable” riiiight.
Let me show you my surprise face: :-O
“Waaah, my healthcare was gonna be free, waaah”
One thing’s for certain, since the Dems no longer control both Senate and House as they did when they rammed this down the taxpayer’s throats, there’s probably zero chance of passing some legislative adjustment to correct the matter.
——who received tax credits through the federal exchange -——
The liar for the chief repeatedly mentioned tax credits.
Others mention subsidies.
A tax credit is a reduction in taxes to be paid. If there are no taxes to be paid is there a credit?
Is the subsidy not paid to the insurer on behalf of the insured?
——who received tax credits through the federal exchange -——
The liar for the chief repeatedly mentioned tax credits.
Others mention subsidies.
A tax credit is a reduction in taxes to be paid. If there are no taxes to be paid is there a credit?
Is the subsidy not paid to the insurer on behalf of the insured?
What about the Nancy Pelosi subsidy for U.S. territories that were recently exempted by obama with a wave of his hand to help her.
How will she run her tuna factory or whatever else she does while having to pay those very expensive healthcare taxes?
health care ping
More to this story from msn. Conflicting decisions — LOL!
A three-judge panel unanimously said the law was ambiguous, and that it would defer to the IRS’s determination that subsidies could go to individuals who purchased health insurance on both federal and state-run exchanges.
A separate panel from a federal appeals court in Washington on Tuesday morning said the IRS could not offer premium tax credits to people who purchase insurance through the federal insurance marketplace that serves most of the 8 million consumers who have signed up for private coverage for 2014.
RE: How will she run her tuna factory or whatever else she does while having to pay those very expensive healthcare taxes?
Not sure if Pelosi has a Tuna Can factory in the territories. I know that Barbara Boxer’s husband has a large interest in tuna can factories in Guam, So much so that when the last Fed minimum wage hike went thru Congress, the Pacific territories were specifically exempted..
Not necessarily a bad thing in a world where doctors are legally required to treat but patients don't pay their bills.
Far from free heath care though. The opposite of free health care on fact.
It should drop insurance costs because responsible people will no longer have to support free loading people who use emergency rooms as their primary care provider and never pay the bills
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