An Oklahoma federal judge dealt a blow to President Barack Obama’s health-care law, invalidating IRS rules aimed at making policies affordable for consumers around the country.
U.S. District Judge Ronald White in Muskogee ruled today that subsidies, in the form of tax credits, apply only to consumers in the 14 states that have set up insurance marketplaces and not to individuals who buy insurance on the federal marketplace, as in Oklahoma. An Internal Revenue Service rule says needy customers in both the federal and state marketplaces are eligible for subsidies.
“The court is upholding the act as written,” White said, citing language in the law that limits subsidies to those in states with their own exchanges. He called the IRS regulations “arbitrary, capricious, an abuse of discretion or otherwise not in accordance with law.”
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I own a small business and the group policy for my employees expires November 30 so I have already had a taste of what's in store for us peons. Believe me, it isn't pretty. Rates have increased dramatically while deductibles have doubled, tripled or even more on some policies. There is no way we can afford to pay for insurance for our people and we will have to dump them on the (so called) exchange. I'm sure that's what Obama intended all along.
ReplyDeleteSome of the rules are ridiculous. I am a 63 year old man and I am required to have maternity coverage! Oh, and the thing about kids staying on their parents policy until age 26? Yeah, it's true but the cost for the policy basically doubles and the deductible goes up as well. It's like your car dealer offering free oil changes...that's a good deal until you get there and they say, "Yes, you can have a free oil change but you have to buy 4 tires for your car first and they are $500 each. It's just bait and switch, scam, robbery, whatever.
Finally someone on the bench with sense and who can read the written word! black is not white because that is what 'I' thought they intended!
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