Opinion: Patricia L Johnson
Section 36B of the Internal Revenue Code (enacted as part of the Patient Protection and Affordable Care Act”), authorized federal tax-credit subsidies for health insurance through an “Exchange established by the State under section 1311″ of the ACA.”
The question the Supreme Court will eventually rule on is “whether the Internal Revenue Service (“IRS”) may permissibly promulgate regulations to extend tax-credit subsidies to coverage purchased through Exchanges established by the federal government under section 1321 of the ACA.”
What happens in the event the Supreme Court rules against this provision?
The Republicans have tried more times than I care to count to dismantle the ACA, but the fact is they have nothing to offer to replace it so what happens to the millions in this country that need some sort of help paying for medical coverage? Perhaps you are one of the lucky members of our society who are in good health and fortunate not to need to seek medical treatment, so you’re not aware of the astronomical costs involved.
Unfortunately, there are all too many others in this county that do require health care and would not be able to obtain it without the assistance of the tax-credit subsidies, provided by the federal government, in those instances where individual states refused to open an Exchange.
If you would like a lesson in health care costs, take a look at the number of individuals in the United States that have been forced to file bankruptcy strictly due to medical expenses incurred.
© 2015 Patricia L Johnson