Tuesday, July 22, 2014

Court Ruling on Obamacare Subsidies

Obamacare is facing yet another obstacle. Courts recently ruled against Obamacare subsidies for Federal Exchange insureds. This ruling may impact over 8 million people. This article breaks down the recent ruling on Obamacare. Find out more in the article below...
President Barack Obama’s healthcare overhaul suffered a potentially crippling blow as a U.S. appeals court ruled the government can’t give financial assistance to anyone buying coverage on the insurance marketplace run by federal authorities. The decision, if it withstands appeals, may deprive more than half the people who signed up for Obamacare the tax credits they need to buy a health plan. The way Congress wrote the Patient Protection and Affordable Care Act makes clear that the subsidy is available only to consumers who bought plans on state-run exchanges, the U.S. Court of Appeals in Washington ruled today.

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