Tuesday, July 22, 2014

WH Spokesman Josh Earnest: Administration Will Ignore Today’s Court Ruling on Obamacare (Video)

link - Jim Hoft/Gateway Pundit

A federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal. The 2-1 ruling, according to CNBC, said such subsidies can be granted only to people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia—not on the federally run exchange HealthCare.gov. The decision is a potentially crippling blow to the unpopular law.

◼ Wow – D.C. Court of Appeals strikes Obamacare federal insurance exchange subsidy regulation - Legal Insurrection, by William A. Jacobson

Decision just released in Halbig case. Here’s the punchline: Appellants are a group of individuals and employers residing in states that did not establish Exchanges. For reasons we explain more fully below, the IRS’s interpretation of section 36B makes them subject to certain penalties under the ACA that they would rather not face.