Federal Courts Conflicting Ruling on Subsidies in Federal Exchanges

Yesterday’s court rulings in Virginia, which unanimously supported the intent of the law to allow Federal Subsidies for the state of Virginia, conflicted with the D.C. ruling which stated that only the States can decide on premium tax subsidies, makes for an interesting fall election. Are Federal Subsidies intended to help folks; a State decision or a Federal one? Without the subsidies, over 90% of the folks who enrolled in Obamacare would not have been able to purchase health insurance.

While many of you have called and emailed asking for my response, I would be completely flabbergasted if the D.C. appeal which will be heard by a panel of 11 judges instead of three, doesn’t agree with the Virginia decision.

However, I’ve been wrong many times with respect to Obamcare. Another example of a large piece of legislation that gets passed without folks actually reading the fine print.

For more information regarding a customized plan for your business, please call Burman Clark at 540-563-1005. You’ll be glad you did.

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Burman S. Clark

Burman S. Clark

Burman S. Clark, RHU, CSA is the President of Muneris Benefits and a licensed insurance broker and consultant. His independent practice and focuses on employee benefits, individual life, disability, medical, and senior products. Burman has traveled extensively and provided guidance to large employer associations with regards to the Affordable Care Act.