A three-judge panel ruled 2-1 on Tuesday that the IRS went too far in reinterpreting the language in ObamaCare to extend subsidies to those who buy insurance through the federally run exchanges, known as HealthCare.gov.Well the Affordable Care Act was designed to get people health insurance. Looks like it can't do that, just mandate that you buy it whether you want to or not. Net Effect? Premiums are higher.
The case, Halbig v Sebelius, is one of the first major legal challenges that cuts to the heart of the Affordable Care Act by going after the legality of massive federal subsidies and those who benefit from them.
The ruling, though likely to be appealed, could threaten the entire foundation of the newly devised health care system. Nearly 90 percent of the federal exchange’s insurance enrollees were eligible for subsidies because of low or moderate incomes that the outcome of the case could potentially leave millions without affordable health insurance.
This bill is the ultimate fail. I'm still not sure what the fallout will be on this ruling, I'll keep you posted.
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