YOUR OPINION: A Fair Plan To End Obamacare’s Illegal Confiscation of Taxpayer Income

By  //  August 23, 2017

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President Trump Justified In Cutting Off Illegal Obamacare Cost Sharing Reduction Payments

Payments of billions of dollars out of the federal treasury have been going to insurance companies selling health insurance policies on the Exchanges created by the Affordable Care Act (aka Obamacare).

A strong 38-page opinion by federal district judge Rosemary Collyer back in May of 2016 ruled that cost sharing payments paid for with tax dollars for Obamacare are unconstitutional.

Since they are really illegal payments, insurance companies should be required to return them to taxpayers who were forced to provide those funds.

However, the Trump administration says it may be willing to continue paying Obamacare subsidies to health insurance companies even though House Republicans claim the payments are illegal because Congress never authorized them.

So, it looks like the insurance companies won’t be “returning” those $$s to “We-the-People” any time soon.

How about considering this alternative that would be fair to those benefitting, the insurance companies, and to taxpayers who were forced to provide funds for these illegal payments:

Reduce the subsidy 25 percent the first year – that way premiums should only go up 5 percent for 2018, then cut subsidies 33 percent for 2019, 50 percent for 2020, and finally do away with subsidies all together in 2021.

This plan would give insurance companies and the insured time to adjust their budgets and spending while ending an illegal confiscation of taxpayer income.

I would also suggest that any tax funded subsidy under Obamacare be limited to 50 percent of actual cost.

Compassionate but fair to all.


Ilene Davis, CFP

Ilene Davis, a resident of Brevard County since 1971, is a Certified Financial Planner with a bachelors degree in Mathematics from the University of Michigan, a bachelors degree in Accounting from Rollins College, and a Masters in Business Administration from Webster University.  Davis became a stockbroker in 1982, earned her designation as a Certified Financial Planner in 1984, and with a desire to serve clients more on her own terms, opened her own financial consultant office in Cocoa Village in 1986. She has combined her professional and personal experience with keen financial insight and instinct into her first book, Wealthy By Choice: Choosing Your Way To A Wealthier Future, which was recently published by Tablet Publications of Cocoa Beach and is now available on and ChoosingWealth.comShe is committed to helping each client create their own “Financial Freedom Fund,” and believes strongly in free market capitalism and a “hand up rather than a hand-out” as the best path to prosperity.