Federal appeals court invalidates some ObamaCare subsidies, A Blow
Posted in the Banking Forum
#1 Jul 22, 2014
Read this: Federal appeals court invalidates some ObamaCare subsidies, in blow to health law - Barnini Chakraborty
Published July 22, 2014
WASHINGTON A powerful federal appeals court dealt a major blow to ObamaCare on Tuesday, ruling against the legality of some subsidies issued to people through the Affordable Care Act exchanges.
Though the ruling is likely to be appealed, the decision threatens to gut the foundation of the law by potentially nixing subsidies that millions of people obtained through the federally run exchange known as HealthCare.gov .
A three-judge panel of the U.S. Court of Appeals for the District of Columbia ruled 2-1 that the IRS went too far in extending subsidies to those who buy insurance through that website.
The suit maintained that the language in ObamaCare actually restricts subsidies to state-run exchanges -- of which there are only 14 -- and does not authorize them to be given in the 36 states that use the federally run system.
The court agreed.
#2 Jul 24, 2014
It appears that American Court is as much influenced by Politics as one can ever imagine!!!
In my State of New York, it takes US Attorneys to file Criminal Charges to set them on A Path of Justice!!
I was told IT will Happen...But, I won't believe until I see the ending in Writing!!!
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