AND THE FOUNDATION START TO CRUMBLE. Federal Appeals Court Deals Setback to Health Care Law 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.”
Posted on: Tue, 22 Jul 2014 17:07:36 +0000
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