The Supreme Court has agreed to review a challenge to the tax subsidies allowed under the Affordable Care Act. There have been a number of lower court decisions which have taken both sides of the issues, so the wisdom of Solomon (or our own Supreme being) will be called upon to decide whether or not the subsidies called for in the ACA are legal or not. At issue is the wording of the health care reform law saying that individuals qualify for tax credits only when they buy insurance on a marketplace “established by the state” Thus those in California are legal, but those written through the federal exchange marketplace may not be. The IRS issued a rule saying that consumers can claim tax credits no matter where they live and the Obama administration says the IRS approach is consistent with the law’s aims. OK. For now, however, the ACA stays in place…the court is expected to file their decision in June 2015.
It’s not just politics – the Supremes may be singing the same tune soon
December 10, 2014