The majority of people who sign up for Obamacare are subsidized by the taxpayer in order to keep their insurance affordable. But in a seriously shocking move, a United States appeals court “threw out a federal regulation that implements key subsidies that are vital” to the survival of the Affordable Care Act.
Considering that the whole point of Obamacare was to allow everyone to have access to health insurance, this ruling makes the stated purpose of Obamacare null and void.
As reported at Reuters,
“The ruling has the potential to cripple the implementation of the law by making health insurance unaffordable for many people.”
There is no doubt that Obamacare, as it stands, presents a huge problem for the people who actually pay taxes. As reported by Sarah Hurtubise at the Daily Caller last month,
“According to the data from federally-run Obamacare exchanges alone, subsidies will cost $11 billion — and if state-run exchange customers qualify for subsidies at the same rate, Obamacare subsidies will total $16.5 billion for 2014 alone. The Congressional Budget Office last projected that subsidies would cost $10 billion in 2014.”
As reported last month at Newsweek, “[A]bout 85 percent of the 8 million people who have enrolled in private coverage under Obamacare sought subsidies, according to the administration.” Sarah Hurtubise put the number at 87 percent, citing a report from the Department of Health and Human Services.
HHS secretary Sylvia Burwell was quoted as saying, “Nearly 7 in 10 consumers who signed up for Marketplace coverage are paying $100 or less for that coverage,” and continued to say inexplicably that, “When there is choice and competition, everybody benefits.” She failed to mention that those who pay less are subsidized by the taxpayer, who obviously does not “benefit.”
It is highly likely that the decision will be appealed by the Obama administration, as Obamacare is often touted as his single greatest “achievement.” And Obamacare subsidies are the whole point.