It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
A lawsuit challenging Obamacare subsidies has the potential to skyrocket the health insurance costs of 5.4 million Americans.
The decision lies on the shoulders of three federal judges, who will decide the legality of subsidies served through the federal health insurance marketplaces, a decision that impacts residents of 36 states. The decision could come as early as July 15.
As Business Insider's Brett LoGiurato reported, the Affordable Care Act was designed with the expectation that each state would run its own exchange, and part of the law notes that subsidies may be provided "through an Exchange established by the State." The challengers to the law argue that this means that, technically, the subsidies should only be available to the state-run marketplaces.
That means more than 5 million people in 36 states who are currently receiving health insurance subsidies through the federal marketplaces could potentially be shut out.
originally posted by: tinker9917
a reply to: ParanoidAmerican
I agree that it would probably end Obamacare for good, I wonder if the skyrocketing costs would come back down...
originally posted by: bobs_uruncle
originally posted by: tinker9917
a reply to: ParanoidAmerican
I agree that it would probably end Obamacare for good, I wonder if the skyrocketing costs would come back down...
It's a win-win situation for big pharma and the medical industry. If the ACA continues, rates rise by getting screwed through higher taxation. If the ACA fails miserably, the medical industry will increase rates to compensate for the money they thought the were getting through the ACA.
Cheers - Dave
originally posted by: MOMof3
a reply to: tinker9917
The answer is simple and will happen because of all this chaos. UNIVERSAL HEALTH CARE FOR ALL, MEDICARE FOR ALL.