Oh My –Federal Appeals Court Rules Obamacare Subsidies Illegal.
Don’t underestimate this decision, reader. This could be the strongest challenge yet to the entirety of Obamacare. The administration will certainly push for an appeal and ultimately to the Supreme Court, but the case against the subsidies appears quite strong, and if the Supremes refuse to overturn the Federal Appeals court, Obamacare will be gutted, and its demise will be both swift and certain – especially if Harry Reid loses his leadership position in the U.S. Senate after the November Elections.
Here’s an excerpt on the ruling via CNBC:
Fed appeals court panel says most Obamacare subsidies illegal
In a potentially crippling blow to Obamacare, a federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal.
Before the decision, a leading Obamacare expert who was firmly opposed to the plantiffs’ arguments said a ruling in their favor could have major consequences for the health-care reform law.
read more at Ulsterman Books:
http://ulstermanbooks.com/oh-federal-appeals-court-rules-obamacare-subsidies-illegal/
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