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Rewriting Obamacare?

February 13, 2015 By Debbie Young

United States Supreme Court

The Cato Institute has filed an amicus brief in support of King, (in the King v. Burwell case) which will be argued on March 4. Read here from Cato Chairman Bob Levy why President Obama’s intent to rewrite the statute is an abuse of executive power.

The Affordable Care Act authorizes the federal government to set up an exchange for the purchase of health insurance if a state decides not to; but the statute says that subsidies to consumers are available only on exchanges “established by the state.” That excludes federal exchanges. The implications are enormous: Without subsidies to nearly 5 million Americans buying policies on federal exchanges in three-dozen states, a core feature of Obamacare becomes dysfunctional.

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Debbie Young
Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.
Debbie Young
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