July 22, 2014
I Felt A Great Disturbance In The Force
D.C. Circuit guts ObamaCare: Consumers in federal exchange are ineligible for subsidies
You already know the background here, I hope. If not, read this post and/or this post to catch up. The ObamaCare statute says that federal subsidies to help people pay for their new O-Care health insurance are available to anyone who buys their plan from “an Exchange established by the State.” Thirty-four states declined to build their own exchanges, though, so the White House built a big federal exchange for them instead. That’s Healthcare.gov. Question: If you buy a plan from Healthcare.gov, does that qualify as buying from “an Exchange established by the State”? Or are subsidies reserved exclusively for exchanges built by the individual states, not the feds?
The financial impact of ObamaCare for five million people hangs on six words. Held by the D.C. Circuit: Subsidies apply only to true state exchanges, not Healthcare.gov.
Hey, look on the bright side, Jar Jar Binks is dead!