Recently I
wrote that the states could kill Obamacare by refusing to
implement its insurance exchanges. This strategy would be effective
because the survival of PPACA depends on the ability of Beltway
bureaucrats to dole out its tax credits and subsidies, but the law
stipulates that all such assistance must be dispensed via state-run
exchanges. Likewise, PPACA's employer mandates can only be
triggered by premium assistance that originates from state
exchanges. Even if the federal government creates an exchange in a
state that has declined to do so, it would not be authorized to
issue tax credits or fine noncompliant businesses. Thus, if the
majority of the states refuse to create exchanges, it will doom
Obamacare.
There is, however, one weakness inherent in this strategy. It assumes that the Obama administration will obey the law. The plan will be difficult to implement if the President and his accomplices simply ignore the text of PPACA and illegally funnel tax credits and subsidies through federally-created exchanges. The past three years have certainly provided plenty of evidence that these people would not reject this course of action merely because it violates the law. It should, therefore, come as no surprise that it is precisely what they have decided to do. The IRS recently finalized a regulation that makes clear the administration's intention to provide premium assistance through federal as well as state-based exchanges.
Read more: http://spectator.org/archives/2012/07/23/the-irs-illegally-expands-obam
There is, however, one weakness inherent in this strategy. It assumes that the Obama administration will obey the law. The plan will be difficult to implement if the President and his accomplices simply ignore the text of PPACA and illegally funnel tax credits and subsidies through federally-created exchanges. The past three years have certainly provided plenty of evidence that these people would not reject this course of action merely because it violates the law. It should, therefore, come as no surprise that it is precisely what they have decided to do. The IRS recently finalized a regulation that makes clear the administration's intention to provide premium assistance through federal as well as state-based exchanges.
Read more: http://spectator.org/archives/2012/07/23/the-irs-illegally-expands-obam
No comments:
Post a Comment