Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Cannon Fire!

July 27, 2014 By Debbie Young

The Department of Health and Human Services estimates that 87% of enrollees of O’Care qualified for subsidies, which allowed them to pay 24% of the actual cost of their plan. According to the New York Post, instead of $376/month, the out-of-pocket cost for these enrollees was $82/month. Obamacare has not lowered insurance costs. Instead, it has shifted the cost from premium payers to taxpayers.

This week, the D.C. Circuit Court of Appeals ruled that the IRS regulation authorizing tax credits in federal exchanges is invalid in the 36 states that refused to set up their own insurance exchanges. If the ruling remains, it’s likely that there will be a quadrupling of the cost of health-care insurance premiums to enrollees who received the subsidized price this year, resulting in a stampede out of plans and causing what insurance companies call a “death spiral.”

View here Cato Institute scholar Michael F. Cannon as he answers questions on the importance of the Halbig v. Burwell ruling and what we can next expect.

Related Posts

  • Cato’s Cannon Leads Way in Obamacare Lawsuits
  • Obamacare is Illegal
  • Cato Event on ObamaCare
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Incentivizing People to Stay Home? - April 16, 2021
  • A Pitiful, Helpless Giant? - April 15, 2021
  • COVID Mask Wearing Buffoonery - April 14, 2021

Dick Young’s Must Reads

  • The Worst President in American History, Part I
  • Why Some Kids Won’t Go Back to School, Ever
  • TAC’s Robert W. Merry Unveils Presidential War Lies
  • America’s Colleges Have Become Progressive Liberal Rat Holes
  • Insurrection Was the Furthest Thing from Trump’s Mind
  • The Fed – “Independent” and “Non Political” – Joins The Resistance
  • You Can’t Help But See the Truth About the Soviet Union in Chernobyl
  • To Me There Isn’t a Better Way to Live
  • The Four Most Important Words in Investing
  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.

Disclosure

RSS Youngresearch.com

  • The Vanguard Wellesley Way
  • The Three Bubbles Threatening Your Portfolio Today
  • Turkey Bans Bitcoin
  • Crushing Words to Avoid: “We’re Disappointed in You”
  • How Amazon Violates Anti-Trust Rules
  • Why Service Is King in 1(800)# Teenage Wasteland
  • Long Live the Dividend King
  • Your Port Against a Storm.
  • Inflation? Yes.
  • Banks Prepare for Boom

Key West Greetings From the Thirsty Mermaid

The Vanguard Wellesley Way

Toilet Paper and SPAM: What More You Can Do?

Incentivizing People to Stay Home?

The Government Cannot Constitutionally Interfere With Gun Ownership

French Wine Weather Disaster Worse than 1991, 1997, 2003

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives