About 87 percent of people enrolled in ObamaCare receive the subsidies. The story on the subsidy lawsuits keeps getting weirder and weirder. Regardless of who said what, we should all be focusing on the fact that losing subsidies would be a major loss for the people and a best a Pyrrhic victory for even the most hardened repealer out there. Subsidies in 36 states may be on the line, but the tax provisions that collect the revenue to fund those arent. The end result of subsidies being illegal in the 36 states that could lose them would most likely be states going back and setting up their own marketplaces, this would be funded by tax dollars. This means in a worst case scenario people lose subsidies, but we all still pay for them until states set up their own marketplaces. Sure that could drive a repeal under a Republican President in 2016, but at what cost? Note: that question was rhetorical, but the answer is in the tens of billions including $36 billion in subsidies. bloomberg/politics/articles/2014-11-11/meet-the-mildmannered-investment-advisor-whos-humiliating-the-administration-over-obamacare
Posted on: Tue, 11 Nov 2014 22:17:28 +0000
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