BREAKING NEWS: US Appeals Court rules against Obama / IRS on their rewriting of tax subsidies in Halbig vs Burwell. - Granite Grok

BREAKING NEWS: US Appeals Court rules against Obama / IRS on their rewriting of tax subsidies in Halbig vs Burwell.

The Halbig vs Burwell, where the IRS decided that ALL Obamacare Exchanges could issue tax credits / subsidies (as opposed to what the law actually said, which was that ONLY State built Exchanges, not Federal ones, could issue those credits / subsidies to lower Obamacare premiums).  This is HUGE!  From the Washington Examiner:

In a case with potential to scramble the Affordable Care Act, the U.S. Court of Appeals ruled that federal subsidies for health insurance were not properly designed.

If upheld by the Supreme Court, the ruling could limit subsidies on the federal healthcare.gov exchange currently used by 36 states.

Challengers had argued that the law only allows subsides on exchanges run by the states themselves. Supporters of the law argued that was essentially little more than a typo in the law.

More later…

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