Friday, January 30, 2015

Republicans to Block Legislative Fix to Health-Care Law .Supreme Court Considers Striking Down Subsidies to Millions Nationwide

The Wall Street Journal reports:
Congressional Republicans say they won’t move to preserve consumers’ health insurance tax credits if the Supreme Court strikes them down, raising the stakes in the latest legal challenge to the Affordable Care Act.

The high court is set to consider in March whether the wording of the 2010 health law means people can only get tax credits to lower their health premiums if they live in one of the handful of states running its own insurance exchange. A decision is expected by June.


Leaders in the GOP-controlled House and Senate see the court challenge as their best hope for tearing apart a law they have long opposed. If the court strikes down the subsidies, Democrats are expected to clamor for lawmakers to pass a measure correcting the language in the law to revive them. Congressional Republicans say there is no possibility they would allow that.

“No, no, no, no,” said Sen. Dan Coats (R., Indiana). “Even Democrats have acknowledged that this needs fixing.”
If your business model or health insurance relies on ObamaCare subsidies: best of luck on all future endeavors.