Tuesday, July 22, 2014

ObamaCare Fun Fact #1947 (no subsidies for you)

All the millions of people who signed up for Obamacare on the federal exchange — and the true numbers were disputed — expecting to get tax credits as subsidies now will not get those subsidies.

Consumers who purchased health plans on an insurance exchange run by the federal government would see an average premium increase of 76 percent if the plaintiffs prevail over the Obama administration, according to Avalere Health….

The ObamaCare law (remember Nancy "we have to pass it to know what is in it" Pelosi) specifically states that the tax credits for insurance from the ObamaCare exchanges are only for those exchanges set up "by the states". The D.C. court has ruled that because of this specific wording, insurance purchased from the Federal exchange is not eligible for those tax credits / subsidies. So anyone purchasing health insurance from the exchange, in states that did not setup their own exchanges, "no credit for you". This will likely be appealed but it is the word of the law so unless Roberts decides to just make shit up again, another law will need to be passed to fix this "issue".

As expected "Obama administration says health care subsidies will keep flowing despite court decision." the king will not be denied. The law is for the "little people".

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