Obamacare was written by the healthcare industry–hospitals, insurance and pharma–whose combined lobbying size in money and personnel and direct contributions to the political circus that we call a democracy dwarfs the GDP of many nations. The corrupt fascist system will not let this amorphous law be denied no matter how unconstitutional it or its subsequent implementation through executive mandates is, everyone in Washington is bought and paid for, including the folks in the black robes. Remember, there is not an email or phone call that even the august members of our Supreme Court make that is not collected and cannot be monitored. Even the rulers are now slaves to the State.
If Obamacare were written for the people, signs of its support on the Supreme Court’s bench should have the opposite effect, should it not?
(Bloomberg) — Tenet Healthcare Corp. and HCA Holdings Inc. led a rally among hospital companies as a Supreme Court challenge to Obamacare’s insurance subsidies drew questions from a pivotal justice.
Anthony Kennedy, who is often a swing vote in important cases, said Wednesday there is a “powerful” point to the Obama administration’s argument that the health-care law would fall apart if the subsidies were ruled unlawful.
Hospitals rose more than all other stocks on the Standard & Poor’s 500 Index on Wednesday, as of 11:28 a.m. in New York. Tenet was up 7.4 percent to $50.52, and HCA rose 7 percent to $75.71. Community Health Systems Inc. advanced 6.3 percent to $52.70.
U.S. hospital companies and health insurers face the highest corporate stakes in the Supreme Court arguments, after benefiting from the law’s initial implementation. Since the law’s 2010 signing, health insurers like Anthem Inc. and UnitedHealth Group Inc. are trading near all-time highs, and the hospital companies have also rallied.
The Affordable Care Act will hand out $22 billion in credits to help people buy insurance this year, according to the Congressional Budget Office. So far, 11.4 million Americans have signed up for 2015 coverage, giving insurers and hospitals more paying customers and cutting the number who show up in the emergency room to get care without paying.
A ruling against the law would raise insurance premiums for 7.5 million Americans, according to an estimate by Avalere Health, a consulting firm. Many would drop their insurance plans, and when they got sick, they’d still go to the hospital.
“You’re going back to charity care,” said Ana Gupte, a hospital and health insurance analyst at Leerink Partners.
Supreme Court Hears ACA Challenge Amid Dire Warnings From The Administration | JONATHAN TURLEY
The Supreme Court has decided to wade back into the controversy over the Affordable Care Act (ACA) or “Obamacare” today with the granting of review of King v. Burwell, No. 14-114. I have previously written about the King case as well as the parallel case in the D.C. Circuit in Halbig. Today, the Supreme Court will hear oral arguments in King and there appears a rather transparent effort by the Administration to give justices sticker shock in considering the challenge, particularly Chief Justice John Roberts. [For full disclosure, I am lead counsel in the challenge filed by the United States House of Representatives to different ACA changes ordered unilaterally by President Obama in House of Representatives v. Burwell.]
As I have written about in columns and testimony, the most significant challenge to Obamacare was never Hobby Lobby but Halbig vs. Burwell that has been pending in the D.C. Circuit. I described Halbig in my testimony as a live torpedo in the water for Obamacare. Well, that torpedo hit when the D.C. Circuit found that the Obama Administration effectively rewrote the law on a critical provision dealing with tax credits and state exchanges. However, soon after the D.C. Circuit delivered that major loss to the Administration in rejecting its statutory interpretation under the ACA in Halbig v. Burwell, the United States Court of Appeals for the Fourth Circuit has delivered an equally important victory on the very same issue in King v. Burwell. This tale of two circuits only increases the likelihood of a Supreme Court review and perhaps the case for expedited appeals.