obamacare dealt huge blow

[Danzig]

http://news.msn.com/us/us-appeals-co...care-subsidies

The U.S. Court of Appeals for the D.C. Circuit ruled Tuesday that more than half the country shouldn't be receiving tax subsidies under Obamacare -- a ruling that could cripple the health care law if it's ultimately upheld.

The 2-1 decision in Halbig v. Sebelius is the first victory, in any court, for a legal challenge that says the tax subsidies should only be available in states that set up their own insurance exchanges.

The health care law specifically authorizes subsidies in "an exchange established by the State," and the plaintiffs in Halbig said the administration violated the law by also extending subsidies to the in the 36 states using the federal system. They said Congress meant for the tax credits to serve as an incentive for states to establish their own exchanges.

[GenuineRisk]

People on other blogs are saying the decision will be vacated when the case is hear en banc. I do not know what that means. I think it's something about the case being heard by an entire panel of judges not just a few selected ones.

[cal828]

Originally Posted by Danzig

http://news.msn.com/us/us-appeals-co...care-subsidies

The U.S. Court of Appeals for the D.C. Circuit ruled Tuesday that more than half the country shouldn't be receiving tax subsidies under Obamacare -- a ruling that could cripple the health care law if it's ultimately upheld.

The 2-1 decision in Halbig v. Sebelius is the first victory, in any court, for a legal challenge that says the tax subsidies should only be available in states that set up their own insurance exchanges.

The health care law specifically authorizes subsidies in "an exchange established by the State," and the plaintiffs in Halbig said the administration violated the law by also extending subsidies to the in the 36 states using the federal system. They said Congress meant for the tax credits to serve as an incentive for states to establish their own exchanges.

I think another appeals court ruled just the opposite on the same day.

[geeker2]

Hopefully an Executive Order can straighten things out

[Danzig]

Originally Posted by geeker2

Hopefully an Executive Order can straighten things out

he has a lot of catching up to do.

http://en.wikipedia.org/wiki/List_of...ecutive_orders

[OldDog]

Originally Posted by geeker2

Hopefully an Executive Order can straighten things out

Might need a few more of those . . .

"H&R Block CEO says Obamacare to add 'significant complexity' to tax season"
http://washingtonexaminer.com/hr-blo...rticle/2552801

[dellinger63]

Originally Posted by OldDog

Might need a few more of those . . .

"H&R Block CEO says Obamacare to add 'significant complexity' to tax season"
http://washingtonexaminer.com/hr-blo...rticle/2552801

To be fair, you ever see an H&R Block tax preparer? You'll find them in most WalMarts come tax season. Only in America can you go from the deep fryer to a tax preparer's desk in 2 short weeks of tax school.

[Danzig]

Originally Posted by OldDog

Might need a few more of those . . .

"H&R Block CEO says Obamacare to add 'significant complexity' to tax season"
http://washingtonexaminer.com/hr-blo...rticle/2552801

surely this doesn't come as a surprise. it's been known for years now that this was going to be a huge issue for tax preparers.
obamacare is a convoluted mess. perhaps as this all continues, more people will begin to beat the single payer drum.

[Pants II]

Originally Posted by Danzig

surely this doesn't come as a surprise. it's been known for years now that this was going to be a huge issue for tax preparers.
obamacare is a convoluted mess. perhaps as this all continues, more people will begin to beat the single payer drum.

I'd rather we put all of you brainwashed liberal idiots in FEMA camps...but to each his own.

[GenuineRisk]

Originally Posted by Danzig

surely this doesn't come as a surprise. it's been known for years now that this was going to be a huge issue for tax preparers.
obamacare is a convoluted mess. perhaps as this all continues, more people will begin to beat the single payer drum.

It's an improvement over the old system, as more people are getting covered, and premiums are rising more slowly now that insurance companies are limited in how much of their income they may put towards things other than actual medical care, but yeah, single payer would be better. On that note, here's an interesting (and frightening) tale from one of balloon-juice's front pagers,who works in the health insurance industry, about his own son and what could have been a very bad situation, due to high up-front payments:

http://www.balloon-juice.com/2014/09...l/#more-158648

You might really like his stuff on balloon-juice, Danzig, since you've been following the implementation of ACA pretty closely. Richard Mayhew is the guy. He writes about the nuts and bolts of ACA and the effects from the point of view of a company writing policies to implement it and I've learned a lot from his posts.

[Danzig]

Originally Posted by cal828

I think another appeals court ruled just the opposite on the same day.

didn't see that, but i've been on the road since 2 pm.

this whole obamacare thing is going to be interesting to watch it unfold...it's crazy

[GenuineRisk]

http://www.balloon-juice.com/2014/07...ral-assholery/

Balloon-juice has a front page poster, Richard Mayhew, who works in the health insurance industry and has been great at explaining some of the more obscure parts of the ACA. The above post is his take on the ruling.