Posted on 02/19/2015 5:52:54 PM PST by Jim Robinson
If you want a sense of just how far-reaching the impact of a Supreme Court decision gutting Obamacare subsidies could prove, new data on health care signups released this week provide a fresh way to game out such a ruling’s consequences.
The Department of Health and Human Services announced the other day that some 11.4 million people have signed up for health plans through federal marketplaces. The new HHS data also provides a breakdown of the number of sign-ups in each of the three dozen states on the federal exchange — precisely the states that would no longer get subsidies if the Court invalidates tax credits to people in all federal exchange states.
This provides a way of approximating just how much money in tax credits each state could lose if the Court rules that way. We’re talking about enormous amounts of money: Florida could lose nearly half a billion dollars per month in subsidies to its constituents. Texas could lose a quarter of a billion dollars per month. North Carolina and Georgia could each lose over one hundred million per month.
(Excerpt) Read more at washingtonpost.com ...
Actually, the states would lose nothing except headaches. The moochers and the insurance companies will lose billions. The states would net out the same because doctors will not take the moochers as patients and they will use the emergency rooms as they always have which the state pays for.
Well, RATS, you broke it, you BUY it.
Spot on...although, I’m sure they really mean it would cost billions in lost kickbacks and votes. Ha!
Oh, I see, the States will lose money while the people that live in them get screwed if Obamacare continues to exist. Right....
?
Not sure how your post relates to mine. Thanks.
Quit being so negative. This case has a really good shot.
You mean, save the taxpayer billions and billions of dollars, right, comPost?
Do your exchange insurance premiums exceed 8% of your income?
Stop.
You are exempt from the ACA penalties.
BTW, The government/IRS is no longer providing free tax instruction pamphlets to local libraries, or automatically mailing them to taxpayers.
It's a government money saving measure...LOL!
You can request one from the IRS.
I advise everyone to do so.
What! You mean that the crazy push through Congress by the Democrats was stupid and causing us problems? Tell me that is not so! (History is a horrible problem for Democrats).
I don’t understand how the STATES would be losing any money. From what I understand, it would be the individuals policy holders who are receiving subsidies who would be losing money. Is this not correct?
what a breathtakinly crappy lying article.
And whose money is it really? It is the peoples money that the government took from them. So the states may lose but the people will gain.
“Not sure how your post relates to mine. Thanks.”
It doesn’t. You were just the last post so I clicked on i to post mine. Sorry, no offense to you at all, just convenience on my part to post my comment. I should be more careful in the future.
If there were to be a revolution, and I don’t believe there ever will be, the SC is the first that should be tried and 5 should be convicted. After a fair trial, of course.
The previous lawsuit did too - Roberts shot it down.
Arizona's SB1070 had merit - Kennedy shot it down
Hard to be positive when Statist traitors are all around us.
I call it exactly the opposite way. 6-3 subsidies illegal.
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