Bad News for Obamacare

[okie52]

US Appeals Court Throws out IRS Rule on Obamacare Subsidies
Tuesday, 22 Jul 2014 10:31 AM
By Newsmax Wires

President Barack Obama’s health-care overhaul suffered a potentially crippling blow as a U.S. appeals court ruled the government can’t give financial assistance to anyone buying coverage on the insurance marketplace run by federal authorities.
The decision, if it withstands appeals, may deprive more than half the people who signed up for Obamacare the tax credits they need to buy a health plan.

The way the Patient Protection and Affordable Care Act is written makes clear that the subsidy is available only to people who bought plans on state-run exchanges, a three-judge panel in Washington ruled today.

Only 14 states have opted to set up their own marketplaces, making delivery of tax credits via the federal exchange crucial to meeting Obamacare’s goal of broadening health-care coverage in the U.S.

“A very large share of people need the subsidies,” said Robert Blendon, a professor of health policy at the Harvard School of Public Health in Boston. If the ruling isn’t overturned, “it basically would significantly cripple the law,” Blendon said in an interview before the ruling.

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[olevetonahill]

[REDREX]

I am sure Barack will use his Pen and phone to fix the problem

[Sooner in Tampa]

If you put the federal government in charge of the Sahara Desers, in 5 years there'd be a shortage of sand. ~ Milton Friedman

[FaninAma]

So, on the same day 2 high level Appellate courts come down on diametrically opposing sides of the same issue yet the will of the citizens as expressed by their elected representatives in Congress takes a back seat to the political whims of a politically motivated legal oligarchy(i.e. The federal court system).