Appeals court strikes major blow to Obamacare
Posted by Kimbell 9 years, 9 months ago to Government
http://politics.suntimes.com/article/was...
WASHINGTON
Appeals court strikes major blow to Obamacare
TUE, 07/22/2014 - 9:36AM
WASHINGTON — A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.
If upheld, the decision could mean premium increases for more than half of the 8 million Americans who purchased taxpayer-subsidized insurance under the law.
It affects consumers who purchased their coverage through the federal insurance marketplace — or exchange— that serves 36 states.
A three-judge panel in Washington ruled 2-1 that the law, as written, only allows insurance subsidies in states that have set up their own exchanges. That invalidated an Internal Revenue Service regulation that allowed subsidies in all 50 states
WASHINGTON
Appeals court strikes major blow to Obamacare
TUE, 07/22/2014 - 9:36AM
WASHINGTON — A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.
If upheld, the decision could mean premium increases for more than half of the 8 million Americans who purchased taxpayer-subsidized insurance under the law.
It affects consumers who purchased their coverage through the federal insurance marketplace — or exchange— that serves 36 states.
A three-judge panel in Washington ruled 2-1 that the law, as written, only allows insurance subsidies in states that have set up their own exchanges. That invalidated an Internal Revenue Service regulation that allowed subsidies in all 50 states
Add Comment
All Comments Hide marked as read Mark all as read
- 1Posted by Kimbell 9 years, 9 months agoIf it is upheld, not very reassuring.| Mark as read | Best of... | Permalink
- 1Posted by $ jbrenner 9 years, 9 months agoThis should have to go to the Supreme Court then, under the equal application of law clause. It will be fun to watch the WH lawyers try to defend their law's constitutionality and to watch SCOTUS have to swallow some of their own toxic medicine.| Mark as read | Best of... | Permalink
