Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Undoing the Damage from Obamacare

By

On March 4, the most important challenge to Obamacare goes before the Supreme Court. In King v. Burwell, according to Cato Institute’s Michael Tanner, the case is not about more federal welfare payments or about the technical interpretation of statutory language. It is about whether a president has the power to unilaterally rewrite a law. In effect, the Obama administration is claiming that it has the power to impose taxes without congressional approval. Regardless of any one person’s ideology, it is a precedent that should alarm all Americans.

Should the Court rule against the Obama administration, most of the provisions of Affordable Care Act will still remain in effect. However, it will force the administration to the bargaining table, and, as Michael Tanner writes, “… we could all be winners with a new health-care law that undoes the damage Obamacare is doing to our health-care system.” Read more from Mr. Tanner here.

Related audio:

The following two tabs change content below.

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, and practicing yoga.