It’s hard to dot every “i” in a 2,000-page bill, but Congress’s negligence in specificity could be the fatal blow to Obamacare.
According to Talking Points Memo, the ACA specifies that only state exchanges are eligible for government subsidies known as “premium tax credits." In other words, the legislation prohibits the thirty-six states utilizing the federal exchange from receiving subsidy money for low-income Americans.
Cato’s Michael Cannon and Case Western law professor Jonathan Adler wrote the case against Obamacare revealing this terrifying blunder. An appeals court heard the argument on Tuesday while all eyes focused on the Supreme Court’s take on Hobby Lobby.
Should Cannon and Adler win the lawsuit, the consequences would cripple Obamacare. Millions of individuals living in states utilizing the federal exchange would remain uninsured because they can’t afford health care without the subsidies.