In March 2010, Congress passed, and President Obama signed, the Patient Protection and Affordable Care Act (ACA). The ACA was never implemented as written. The ACA authorizes subsidies to health insurers operating in state-established exchanges, but not the federal exchange. Some 37 states opted not to establish their own exchanges. Nevertheless, the Administration has been paying subsidies to insurers in those 37 states.
Yesterday, the Supreme Court heard oral arguments in King vs. Burwell. At stake is the Administration's payment of subsidies to health insurers operating in states which use the federal exchange.
On March 4, the Supreme Court heard oral arguments in King vs. Burwell, which could eliminate the illegal subsidies. A decision to uphold the ACA, as written, will surely cause millions of people to stop paying premiums. Many assert that this will cause an immediate crisis that Congress and the President will have to resolve immediately. This is an overly dramatic reading of events.
Read the entire column at Forbes.