Also, some background on this case: The district court determined that at least one of the appellants, David Klemencic, has standing. Klemencic resides in West Virginia, a state that did not establish its own Exchange, and expects to earn approximately $20,000 this year. He avers that he does not wish to purchase health insurance and that, but for federal credits, he would be exempt from the individual mandate because the unsubsidized cost of coverage would exceed eight percent of his income. The availability of credits on West Virginia’s federal Exchange therefore confronts Klemencic with a choice he’d rather avoid: purchase health insurance at a subsidized cost of less than $21 per year or pay a somewhat greater tax penalty. Let’s spell that out: This lawsuit has been brought by a man who, thanks to Obamacare’s subsidies, could purchase health insurance for $21 per year. Thats about the cost of a 750 of Jack Daniels or a hardcover novel. I guess you cant accuse Klemencic of putting self-interest ahead of his principles. slate/blogs/moneybox/2014/07/22/obamacare_subsidies_struck_down_ironically_the_ruling_is_a_great_advertisement.html?wpisrc=newsletter_myslate
Posted on: Tue, 22 Jul 2014 17:30:37 +0000
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