Monday, May 25, 2015

NEW STUDY: KILLING ObamaCare Subsidies Could Benefit Millions

Health Care: We keep hearing about how millions will lose insurance if the Supreme Court strikes down ObamaCare's federal exchange subsidies. But there's another side to this story that never gets discussed until now.
The question that the Supreme Court is expected to answer in its King v. Burwell decision in June is whether the law, as written, allows ObamaCare tax subsidies to be paid out to those who enroll through the federal exchange.
The law seems pretty clear that it doesn't, but the IRS and everyone else conveniently ignored that feature when most states declined to set up their own exchanges.
To hear ObamaCare backers, striking down those subsidies will be a devastating blow to the nation's health and well-being.
Nearly 8 million people currently enrolled in 37 states through the site would lose their health insurance, the argument goes, after losing their subsidies. Premiums would spiral out of control as the only ones left in the exchanges would be the sickest and most expensive patients.
The American Public Health Association even went so far as to claim that such a ruling "could result in more than 9,800 preventable deaths every year."
But a new report co-authored by Douglas Holtz-Eakin, a former director of the Congressional Budget Office who now heads up the American Action Forum, says that these critics are looking at only one side of the equation. Even if Congress does nothing to restore those subsidies, millions could benefit in other ways.
Read the rest of the story and the benefits on the other side of the 'equation' HERE.

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