Tuesday, March 5, 2013

Government Plain Language failure



The following has been excerpted from: 
http://cfif.org/v/index.php/commentary/56-health-care/
1746-oklahoma-challenges-irs-interpretation-of-obamacare-subsidy






There seems to be no end to the interpretive jujitsu government officials are willing to employ to save ObamaCare from its poorly written self
The newest example comes from the Internal Revenue Service. Under the terms of the Patient Protection and Affordable Care Act (i.e. ObamaCare), the IRS is charged with accounting for an important subsidy program.  The subsidies are tax credits that help reduce the cost of health insurance bought on a state-run exchange. If Oklahoma’s case is successful, ObamaCare’s insurance mandates and penalties would be effectively nullified in the Sooner State. Other states would likely follow suit
The credits are needed because ObamaCare’s litany of mandates – such as requiring insurers to accept customers with pre-existing conditions – dramatically increase the cost of health insurance. For example, the IRS estimates that the cheapest health insurance plan to cover a family of five will cost $20,000 a year.  And even this only covers 60 percent of medical costs.







No comments:

Post a Comment