Econ Comments & Analysis
WSJ | Reining in ObamaCare—and the President
A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit—a tribunal second only to the Supreme Court—ruled on Tuesday that the Obama administration broke the law. The panel found that President Obama spent billions of taxpayer dollars he had no authority to spend, and subjected millions of employers and individuals to taxes he had no authority to impose.
Washington Times | Obamacare in intensive care
Obamacare was moved Tuesday to intensive care. Two federal appellate courts split over whether the administration can bypass Congress and rewrite the Obamacare law as it wishes Congress had written it. Such a split on a high-profile case can be resolved only by the Supreme Court.
FOX Business | Federal Court Throws Out Subsidies: What Happens Now?
Nine in ten people who enrolled in insurance plans during the law first open enrollment period received subsidies to lower the cost of care, paying an average $69 for out-of pocket for premiums, according to the Department of Health and Human Services. Subsidies area available for those making up to 400% of the federal poverty level in 2014, which was about $94,000 for a family of four and $45,000 for individuals. More than five million people enrolled on the federal exchange.
