ObamaCare equals Titanic

Message:

Key excerpts:

  ...a potentially major "legal glitch" could cause the healthcare law to unravel in 36 states...Affordable Care Act proposes to make health insurance affordable...by offering them tax credits to help cover the cost. To receive the credit, the law twice says they must buy insurance "through an exchange established by the state." But 36 states have decided against opening exchanges for now.

Comment:

If the law is applied strictly, then the credits cannot be paid out.  But they aren't likely to be paid out as long as the GOP controls the House.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Legal Glitch "Has The Potential To Sink Obamacare"

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Legal Glitch "Has The Potential To Sink Obamacare"

By Tyler Durden

Created 10/26/2013 - 21:38

As if the technological problems facing Obamacare were not enough, a potentially major "legal glitch" could cause the healthcare law to unravel in 36 states. As the LA Times reports [1], The Affordable Care Act proposes to make health insurance affordable to millions of low-income Americans by offering them tax credits to help cover the cost. To receive the credit, the law twice says they must buy insurance "through an exchange established by the state." But 36 states have decided against opening exchanges for now. Critics of the law have seized on the glitch. They have filed four lawsuits that urge judges to rule the Obama administration must abide by the strict wording of the law, even if doing so dismantles it in nearly two-thirds of the states. And the Obama administration has no hope of repairing the glitch by legislation as long as the Republicans control the House..."This has the potential to sink Obamacare. It could make the current website problems seem minor by comparison," noted on policy expert.

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Source URL: http://www.zerohedge.com/news/2013-10-26/legal-glitch-has-potential-sink-obamacare

Links:
[1] http://touch.latimes.com/#section/-1/article/p2p-77922629/