A federal court has appropriately endangered the health of the
Affordable Care Act — a "reform" that's turning out to be every bit the
mess we feared.
The U.S. Court of Appeals for the D.C. Circuit issued a ruling Tuesday morning that said the federal government cannot provide health insurance subsidies for residents in the 36 states that have not set up their own ObamaCare exchanges.
In Halbig v. Burwell, a three-judge panel declared 2-1, as it should have, that the law meant what it said when it plainly stated that subsidies were only available to those buying ObamaCare plans through "exchanges established by the state."
If the ruling holds, it means nearly 5 million are getting subsidies through the federal exchange illegally. Rather pay the exorbitant cost of an unsubsidized ObamaCare plan, many of these people — most of them young and healthy — will just abandon the insurance market and pay the penalty, which will in turn spark an insurance "death spiral."
The U.S. Court of Appeals for the D.C. Circuit issued a ruling Tuesday morning that said the federal government cannot provide health insurance subsidies for residents in the 36 states that have not set up their own ObamaCare exchanges.
In Halbig v. Burwell, a three-judge panel declared 2-1, as it should have, that the law meant what it said when it plainly stated that subsidies were only available to those buying ObamaCare plans through "exchanges established by the state."
If the ruling holds, it means nearly 5 million are getting subsidies through the federal exchange illegally. Rather pay the exorbitant cost of an unsubsidized ObamaCare plan, many of these people — most of them young and healthy — will just abandon the insurance market and pay the penalty, which will in turn spark an insurance "death spiral."
No comments:
Post a Comment