Court Strikes Down Federal Obamacare Subsidies
July 22nd, 2014Via: NBC:
In a potentially lethal blow to Obamacare, a federal appeals court has ruled that the federal government may not subsidize health insurance plans for people in 36 states that decided not to set up their own marketplaces under the law.
The law clearly says that states are to set up the exchanges. But most states opted not to, and the federal government took over in those states. The court ruled that the federal government may not pay subsidies for insurance plans in those states.
