The ObamaCare law — if you can call it that with all its delays, waivers and bureaucratic rewrites — says what it says, according to a federal court, which found that tax subsidies for health insurance premiums may only be granted in exchanges run by states, not the federal government, as is the case in 36 states.
The language is that the subsidies must come “through an Exchange established by the State under Section 1311.”
The lede on the CNBC story declares: “In a potentially crippling blow to Obamacare, a federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal”
If the higher court upholds the ruling, a report by the Robert Wood Johnson Foundation and the Urban Institute estimates 7.3 million enrollees could lose access to about $36.1 billion in subsidies.
A couple of hours later, the 4th U.S. Circuit Court of Appeals unanimously upheld the Obamacare subsidies through the federal exchange, saying the law is ambiguous and it was deferring to the IRS interpretation.
“Laws are made for men of ordinary understanding and should, therefore, be construed by the ordinary rules of common sense. Their meaning is not to be sought for in metaphysical subtleties which may make anything mean everything or nothing at pleasure.” – Thomas Jefferson
Abolish this abomination, already!
“It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is to-day, can guess what it will be to-morrow.” –James Madison, Federal No. 62, 1788