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July 22, 2014

Appeals Court Strikes Down Most ObamaCare Subsidies

In a ruling that could undo ObamaCare, a three-judge panel of the DC Circuit Court of Appeals ruled Tuesday that billions of dollars in health insurance subsidies are illegal under the wording of the “Affordable” Care Act. CNBC reports, “[S]uch subsidies can be granted only to people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia – not on the federally run exchange HealthCare.gov. Plaintiffs in the case known as Halbig v. Burwell argued that the ACA, as written, only allows that often-significant financial aid to be issued to people who bought insurance on a marketplace set up by a state.” We’ll have more on this important case, but for now, we suppose you shouldn’t pass laws before you read them. There might be something crippling in there. More…

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