| In a ruling that could upend President Obama’s health care law, a federal appeals court ruled Tuesday that the government could not subsidize premiums for people in three dozen states that use the federal insurance exchange. The 2-to-1 ruling could cut off financial assistance for more than 4.5 million people who were found eligible for subsidized insurance in the federal exchange, or marketplace. |
| Under the Affordable Care Act, the court said, subsidies are available only to people who obtained insurance through exchanges established by states. |
| The law “does not authorize the Internal Revenue Service to provide tax credits for insurance purchased on federal exchanges,” said the ruling, by a three-judge panel of the United States Court of Appeals for the District of Columbia Circuit. The law, it said, “plainly makes subsidies available only on exchanges established by states.” |
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http://www.nytimes.com/2014/07/23/us/court-rules-against-obamacare-exchange-subsidies.html?emc=edit_na_20140722 |
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