You may recall that everybody was going to "save" $2500 a year after Obamacare was rammed through, and millions of folks were going to find buying health insurance affordable because they'd qualify for subsidies. Well, not so fast:
(Reuters) - A U.S. federal judicial panel on Tuesday dealt a potentially devastating blow to President Barack Obama's healthcare law, throwing out a provision that provides millions of Americans with subsidies for private health insurance.
The 2-1 decision, which could lead to a new showdown over Obamacare before the U.S. Supreme Court, would prevent the administration from offering premium tax credits to people who purchase insurance through the federal insurance marketplace that serves most of the 8 million consumers who have signed up for private coverage for 2014.
It seems that every time one of the Obama administrations scams gets challenged in federal court, Barry loses. In this latest round, the justices read the law, which clearly states that subsidies apply to individuals who purchase insurance through a state exchange - as opposed to the federal exchange.
Plaintiffs in the case, known as Halbig vs. Burwell, claimed that Congress did not intend to provide subsidies through federally operated marketplaces because the Affordable Care Act (ACA) specifies only state-run exchanges as recipients. The plaintiffs were identified as a group of individuals and employers from states that did not establish their own marketplaces.
As might be expected, a lot of folks are hopping mad over this turn of events: how dare judges interpret the will of Democratics by reading the actual text of the legislation that they authored? Well, they simply can't tolerate™ that; the regime will now appeal.