The Affordable Care Act, known “affectionately” as Obamacare, rests very precariously on a few key contingencies. For one, a large number of people have to enroll in order to make it financially solvent. Second, in order for these people to enroll, they rely on federal subsidies (tax credits) to make Obamacare affordable to them. If it’s not affordable, they aren’t required by law to enroll. If they don’t enroll, the whole system could fall apart.
Now a federal appeals court could completely undermine the affordability of Obamacare by claiming that federal subsidies through Healthcare.gov are illegal:
In a potentially crippling blow to Obamacare, a federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal.
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