Tuesday, September 9, 2014

Subsidies Expected to Continue


     I found an article from The Wall Street Journal titled "Appeals Court to Revisit Ruling Limiting Health Law Subsidies" from September 4, 2014. 
     This article discusses insurance subsidies in the Affordable Health Care Act. A federal appeals court recently ruled that it will "rehear a case challenging insurance subsidies in the federal health law after making   "an earlier ruling that invalidated the subsidies in many states." 
     The court overruled their former decision that abolished the IRS regulation which explains subsidies are available on both state and federal levels. 
      Millions of Americans receive subsidies through the federal government and the Affordable Health Care Act would allow this to continue on a federal level. The court is expected to begin new arguments on December 17th.
      This issue is important because it will likely cause conflict amongst Republicans, many of whom want the Affordable Health Care Act to be repealed. However, this ruling is considered a "win" for the Obama administration. Also,the American public should be following this debate closely because they could qualify for subsidies.