Oh WOW - who knew? No tax credit for people that op for the federal exchange? This is no over sight on the feds part. It's the standard operating procedure by this administration, write the rules, set the standard but hide the details until it too late to do anything about it.
Remember Nancy Pelosi's statement, " we have to pass this bill to find out what's in it"? That statement says volume's about who the progressive left Democrats are. It should also be pointed out, given how Obama and his extreme left ilk are shouting for bipartisan commitments on every proposal he thinks up, the progressive Democrats slammed the door on the Republicans during the ObamaCare roll out.
The Republican had no input in writing of the heath care bill. None!
So it shouldn't come as a surprise we are finding all sorts of tricks in the heath care bill. After all it wasn't written on the spur of the moment, this was in works for a decade or more. They have been waiting for just the right moment to drop this disaster on the public.
The economic panic in 2008 was the perfect time. "A crisis shouldn't be wasted. We can do things now we could never do before" Rahm Emanuel, chief of stall for Barack Obama.
No Health Care Tax Credit via Federal Exchanges?
Source: David Hogberg, "Oops! No ObamaCare Tax Credit via Federal Exchanges?" Investor's Business Daily, September 7, 2011.
Because of a quirk in the new health care law ("ObamaCare"), people who buy health insurance through a federally run exchange may not be eligible for premium subsidies, says Investor's Business Daily (IBD).
Government-created exchanges are places for individuals to shop and purchase health insurance. ObamaCare will require individuals and families to buy insurance, starting in 2014.
Those with incomes at 100 percent to 400 percent of the federal poverty level will be eligible for a tax credit to help pay for the premium.
But it turns out that the legislation isn't so clear -- the latest example of what analysts predicted would be a stream of surprises from the mammoth health law.
Section 1311 of ObamaCare instructs state governments to set up an exchange. If a state refuses, Section 1321 lets the federal government establish an exchange in the state.
Yet ObamaCare states that the tax credit is available to people who are enrolled in an "an exchange established by the state under (Section) 1311." It makes no mention of people enrolled in federal exchanges being eligible for the tax credit. This could be a big problem, as some states probably won't set up and run exchanges.
Governors in Alaska, Florida, Louisiana and Texas have said they won't. Kansas and Oklahoma have also signaled they won't by returning federal funds meant to be used to establish an exchange. Other states seem to be dragging their feet.
States could be left with disgruntled residents who can't tap tax credits to help pay for insurance they're forced to buy, says IBD.
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