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January 17, 2014 10:53AM
Bills Proposed in Several States
Would Nullify Affordable Care Act
By JACOB GERSHMAN
Similar bills have popped up in the statehouses of
Georgia, South Carolina, Oklahoma,
Missouri, West Virginia and Indiana.
The federal act authorizes Exchange subsidies only through state-established Exchanges, not the 34 Exchanges created by the federal
government, or those created in a partnership.
Since those subsidies trigger penalties under both the employer mandate and individual mandate, those states have by law also
exempted all of their employers and individual residents from those penalties. The IRS, though, is still trying to impose those taxes and issue
those subsidies in states which have banned the creation of exchanges, the basis for the current lawsuits.
No. It's correct. At that income level one is not qualified for a subsidized program.
There is something wrong here with the web site. It makes no sense. It's a glitch, bad programming, whatever.