HOPE the MANDATE gets killed.Federal appeals court strikes blow against ObamaCare subsidies
A federal appeals court on Tuesday struck down one of the pillars of ObamaCare, ruling that the laws premium subsidies are invalid in more than two-dozen states.
The D.C. Circuit Court of Appeals said in a 2-1 decision that the Affordable Care Act (ACA) does not permit the IRS to distribute premium subsidies in the federal ObamaCare exchange, meaning those consumers must bear the full cost of their insurance.
"Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRSs regulation," the court said in its ruling.
The ruling by the three-judge panel sets up a major legal showdown that conservatives believe could deal a fatal blow to President Obamas healthcare law.
Read more: http://thehill.com/policy/healthcare/212950-appeals-court-strikes-blow-against-obamacare-subsidies#ixzz38DRgoRiN
Follow us: @thehill on Twitter | TheHill on Facebook