Employee Benefits News quoted Joanne C. Youn regarding the U.S. Supreme Court's ruling in King v. Burwell on Thursday, June 25, 2015. The Court ruled 6-3 that contested language in the Affordable Care Act provides that premium tax credits are available to qualifying individuals in all states, including states with federally-established exchanges. For the complete article, please visit Employee Benefits News' website.
Excerpt taken from the article.
"The premium tax credits for individuals and their families
will remain available in states with federally established
exchanges," notes Joanne C. Youn, a member of legal firm
Caplin & Drysdale. "This means that employers with
employees in those states will be subject to potential penalties
under the employer mandate with respect to such
employees."
...
"It's worth noting that the six justices who ruled in
favor of the government did so by means of a single opinion without
concurrences," notes Youn, who focuses on areas of employee
benefits law and ERISA. "This suggests that at least some
provisions of the Affordable Care Act can be upheld by a clear and
consistent majority on the court."
"While it is not the main point of the decision, another
notable aspect of the ruling is the court's conclusion that
this area of law is too important for Congress to have delegated to
the IRS," she points out, "and therefore that an
exception was warranted to the general rule of statutory
interpretation previously established by the court under
Chevron."
This article is designed to give general information on the developments covered, not to serve as legal advice related to specific situations or as a legal opinion. Counsel should be consulted for legal advice.
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