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Federal Appeals Court Guts the ACA

Ken Vincent
BY Ken Vincent

by Ken Vincent, Featured Contributor

ONE OF THE four federal appeals courts reviewing similar suits has released it’s ruling. That ruling states that the ACA policies issued in Gavel-Books-300x200the 34 states without a state market place, where policies were issued under the federal plan can not use federal subsidies to offset part or all of the premiums.

In effect this totally guts the ACA and means that some 8 million plus that bought policies based on a federal subsidy will now have to pay the full premium. The ruling also negates most of the requirement that smaller companies must provide insurance or pay a penalty/tax.

Of course the ruling will certainly go to the supreme court, but if upheld it basically spells a death knoll for the ACA.

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Ken Vincent
Ken Vincenthttp://sbpra.com/KennethVincent/
KEN is a 46 year veteran hotelier and entrepreneur. Formerly owned two hotels, an advertising agency, a wholesale tour company, a POS company, a leasing company, and a hotel management company. The hotels included chain owned, franchises, and independents. They ranged in type from small luxury inns, to limited service properties, to large convention hotels and resorts. After retiring he authored a book, “So Many Hotels, So Little Time” in which he relates what life is like behind the scenes for a hotel manager. Ken operated more that 100 hotels and resorts in the US and Caribbean and formed eight companies. He is a firm believer that senior management should share their knowledge and experience with the next generation of management.

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