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Halbig v Burwell: Potential Implications for ACA Coverage and Subsidies
Posted on 7/17/14 at 3:21 pm
Posted on 7/17/14 at 3:21 pm
quote:
Table 1 shows that 11.8 million individuals
are expected to enroll in the 34 Federally
Facilitated Marketplaces (FFMs) in 2016.
Of those, 7.3 million people are estimated
to receive federal subsidies to assist
in the purchase of private insurance
through the new Marketplaces. Many
of the lowest income among those 7.3
million people also receive cost-sharing
subsidies to lower their co-payments,
deductibles and co-insurance. A decision
in favor of Halbig translates into a loss of
$36.1 billion in 2016 of funds that would
otherwise go to individuals and families
with incomes below 400 percent of the
federal poverty level, with spillover effects
to state economies also expected from
the sizable reduction in federal dollars
flowing into these states. Losses would
be as high as $4.8 billion in Florida and
$5.6 billion in Texas.
Check out the table on page two.
A ruling is expected any day now.
A ruling in favor of Halbig makes Obamacare unaffordable for well over half the Obamacare participants. That means the beginning of the Obamacare death spiral.
But I fully expect the judges to legislate from the bench and rule in favor of HSS.
Posted on 7/17/14 at 8:07 pm to GumboPot
I wouldn't be shocked if they punt on standing. I just don't see who's the aggrieved party suffering substantial harm here.
Posted on 7/17/14 at 8:35 pm to GumboPot
quote:
with spillover effects
to state economies also expected from
the sizable reduction in federal dollars
flowing into these states. Losses would
be as high as $4.8 billion in Florida and
$5.6 billion in Texas.
I don't see how it would hurt the state economies, the individuals aren't receiving checks the credits are going to the insurance companies. Now take away the tax credit/subsidies it is gain to local economies, since those individuals no longer have to abide by the mandate, they will have more money at the end of the month.
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