Mark and Charlie's Blog

Blog > Mark and Charlie's Blog > Obamacare Takes a Body Blow

Obamacare Takes a Body Blow

This morning, a U.S. appeals court issued a ruling that could endanger, or even destroy, Obamacare. The case, Halbig v. Burwell, involved the availability of subsidies on federally operated insurance marketplaces. The language of the Affordable Care Act plainly says that subsidies are only available on exchanges established by states. The plaintiff argued this meant that, well, subsidies could only be available on exchanges established by states. Since he lives in a state with a federally operated exchange, his exchange was illegally handing out subsidies.

The government argued that this was ridiculous; when you consider the law in its totality, it said, the federal government obviously never meant to exclude federally operated exchanges from the subsidy pool, because that would gut the whole law. The appeals court disagreed with the government, 2-1. Somewhere in the neighborhood of 5 million people may lose their subsidies as a result.

Read more: http://www.bloombergview.com/articles/2014-07-22/obamacare-takes-a-body-blow

Taboola Teaser

The parents of a 9-month-old who sustained burns at Kerbey Lane Cafe are suing the Austin chain, claiming the...
Donald Trump on Thursday secured the delegates he needs to become the Republican Party’s presidential nominee, and...
The antibiotic resistance factor MCR, which protects bacteria against the final remaining drugs of last resort,...
Uber is phasing out its highly unpopular surge pricing system in favor of price quotes. The app drives up the cost...
The State Department’s inspector general on Wednesday sharply criticized Hillary Clinton ’s exclusive use of a...