New blow to the US Affordable Care Act (Obamacare).
#1
The DC circuit court ruled 2-1 that it is illegal for the IRS(a federal entity) to give health care subsidies to citizens in States not implementing their own exchanges, and thereby picked up by the Federal exchange.

DC circuit ruling

"Though the PPACA repeatedly states those subsidies are available only “through an Exchange established by the State,” and there are indications IRS officials knew they did not have the authority to issue subsidies through federal Exchanges, the IRS is dispensing billions of dollars of taxpayer subsidies through federal Exchanges anyway."

Forbes article

According to this Forbes article, it also seems that individuals and employers in the States not offering an exchange may also be free of the ACA mandate as it would also be illegal for the IRS to tax (fine) them for non-compliance.
”There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." - Hamlet (1.5.167-8), Hamlet to Horatio.

[Image: yVR5oE.png][Image: VKQ0KLG.png]

Reply


Messages In This Thread
New blow to the US Affordable Care Act (Obamacare). - by kandrathe - 07-22-2014, 04:00 PM

Forum Jump:


Users browsing this thread: 1 Guest(s)