Posted on 07/29/2014 9:22:13 AM PDT by jazusamo
Obamacare has proven again to be the biggest legislative failure in history, with last week's ruling that its subsidies are illegal. These subsidies induced some 5 million Americans to sign up for Obamacare but are prohibited by law as held by the U.S. Court of Appeals for the D.C. Circuit in Halbig v. Burwell.
This humiliation to the Obama administration was a devastating setback to legislation already disfavored by a 59-40 percent margin among the public, according to the latest CNN poll. Twice as many Americans say they are being hurt rather than helped by Obamacare.
Officially known as the Patient Protection and Affordable Care Act, Obamacare is neither affordable nor protective of patients. It promised subsidies for millions of Americans to buy new health insurance and to pay costly premiums that have driven insurance company stock values to record highs.
People in households making between 100 percent and 400 percent of the federal poverty line (between $11,670 and $46,680 per year for one-person households) have been getting subsidies to buy insurance on health insurance exchanges. A staggering 90 percent of those who signed up for this Obamacare insurance did so in reliance on these subsidies, which the court just ruled are illegal.
These health insurance exchanges are much more than marketplaces, like Travelocity or Expedia, to make it easier to shop for and buy health insurance. They are also the vehicle for dispensing subsidies and imposing penalties, while also building big brother-like databases about Americans.
(Excerpt) Read more at creators.com ...
Phyllis Schlafly might very well be the most amazing lady on the planet. She is still fighting the good fight at an age when most people are either in nursing homes or checked out completely.
Imagine that. Legislation that hurts more people than it helps. Forward!
Agree, she’s still fighting and doing an excellent job.
“Phyllis Schlafly might very well be the most amazing lady on the planet. “
No Kidding! Just looked, she’s 89!
Report: Administration Likely Knew Some Obamacare Subsidies Illegal
Thanks for that link.
Of course they knew but due to the lawlessness of this administration they did it 0bummers way.
My father had her book, “A Choice Not an Echo” on display in our living room back about 1964. That was the only book in our living room.
Obama used the IRS again to engage in illegal activities, this time subsidizing consumers that weren’t eligible for subsidies in order to blunt the financial impact of the new law.
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