Potentially “Lethal Blow” For Obamacare: Subsidies Invalid In Most States

in what NBC classified as a "potentially lethal blow to Obamacare" a federal appeals court has ruled that the federal government may not subsidize health insurance plans bought by people in states that decided not to set up their own marketplaces under Obamacare. The law clearly says that states are to set up the exchanges. But 34 states opted not to, and the federal government took over in those states. The court ruled that federal government may not pay subsidies for insurance plans in those states.

I have to say I am partial to anything that has the potential to consign Obamacare to the ash heap of history. Maybe after that we can get something like market reforms into place, in terms of “real” insurance and published prices, instead of the perverse-incentives payment-plan system we have now. Via In Potentially "Lethal Blow" For Obamacare, US Appeals Court Finds Insurance Subsidies Invalid In Most States | Zero Hedge.

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