Posted by FGX/NJ on 10/29/13 5:46am
Msg #490164

36 States could lose obamacare subsidiaries

The LAW states clearly that subsidiaries are only for states that set up their own exchanges.
An IRS ruling said that it applied to all states. There are a number of lawsuits challenging this ruling.

"The Affordable Care Act offers subsidies in the form of tax credits to people who buy insurance through exchanges "established by the state," and the case comes down to what Congress actually meant by that. The Justice Department is arguing that Congress obviously meant all the exchanges, and that the Department of Health and Human Services intended to "stand in the shoes” of the states that allowed the federal government to run their exchanges for them, according to The Washington Times. The challengers are arguing that the Internal Revenue Service ignored the wording in the bill when it publicized that applicants on both kinds of exchanges would get subsidies. They also believe Congress used the subsidies as a way to motivate states to create their own exchanges, meaning the states that didn't create their own exchanges are out of luck"
Source: Northern Colorado Gazette

Reply by FGX/NJ on 10/29/13 5:51am
Msg #490165

Re:Correction : 34 States could lose obamacare subsidiaries n/m

Reply by Shoshana/AZ on 10/29/13 6:50am
Msg #490171

Do you mean subsidies?

This is an old story. Currently in AZ, they are acting as if we will get the subsidies. Anyway, the subsidies are not that much considering how much the insurance will cost. The smart person will take the subsidy as a tax credit at the end of the year. If you take it by the month to lower the insurance premium, be aware that if you underestimate the income, you will have to pay back all or part of the subsidy.

Reply by jba/fl on 10/29/13 7:38am
Msg #490176

Wrong forum - take to Just Politics. Thank you. n/m

Reply by Shoshana/AZ on 10/29/13 7:43am
Msg #490177

I beg to differ with you.

This affects most of us here at notary rotary.

Reply by jba/fl on 10/29/13 7:51am
Msg #490179

Not notary related in the strictest sense. Over borderline.

It affects almost all, but so does food, housing and clothing and shoes.

Personally, I don't give a hoot - but this will eventually really cross the line and someone is going to be very crabby, speaking of people of that ilk and so on. Take it to Leisure then if JP is too rough for you. Perhaps that is where it belongs....how to spend my days off - looking for ways to get insurance and subsidies, etc., and not spend 10 times more than you are now.

Anyway, it is not work related.

Reply by zetetic/IN on 10/29/13 11:06am
Msg #490232

Move to JP immediately

This is an ideological crusade by 2 red state AGs that has little chance of succeeding.

Reply by FGX/NJ on 10/29/13 8:01am
Msg #490180

Sorry, ment to post in JP.
Too early in am. No cofee, no glasses.