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Cracker Squire

THE MUSINGS OF A TRADITIONAL SOUTHERN DEMOCRAT

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Location: Douglas, Coffee Co., The Other Georgia, United States

Sid in his law office where he sits when meeting with clients. Observant eyes will notice the statuette of one of Sid's favorite Democrats.

Thursday, February 19, 2015

Obamacare and subsidies

From The Washington Post:

The Supreme Court on March 4 will hear the case of King v. Burwell, which threatens to unravel the Affordable Care Act, a.k.a. Obamacare, because the plaintiffs argue that the health-care law does not authorize subsidies through federally run insurance marketplaces; instead, they say, the law only allows such subsidies in the 14 states (and District of Columbia) which set up their own exchanges. The subsidies, which come in the form of a tax credit, reduce the cost of premiums by as much as 89 percent. A court ruling denying subsidies to states on the federal exchange will cause the law to collapse, many experts say.

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