In surprise, Supreme Court to hear challenge to ObamaCare subsidies

The Hill reports:

Rep. Diane Black (R-Tenn.) applauded the court’s decision to take up the case, blasting the president's "recklessness" in implementing the law.

"If the President has been overstepping his authority as the text of the ACA suggests, this means that his Administration has been misrepresenting the true costs of Obamacare to millions of Americans across the country," Black wrote.

"Even more worrisome is what implications this could have for Americans who have already received subsidies and may be on the hook for back taxes," she said.

Economists have predicted that if the lawsuit is successful, it would cause a “near death spiral” for the individual market, according to an October 2014 study by the independent research group, RAND.



“Without the subsidies, prices would jump sharply and many people simply could not afford to enroll,” said Christine Eibner, an economist who led the study, which was sponsored by the U.S. Department of Health and Human Services.

The great moments of ObamaCare.