Forget the broken healthcare.gov website and the skyrocketing price of health insurance. Will the courts end Obamacare by disallowing subsidies on federal exchanges? Judge James R. Spencer of the U.S. District Court for the Eastern District of Virginia in Richmond agreed to rule speedily on whether people who sign up for health insurance in the federal exchanges in 34 states can get subsidies.
This follows a similar decision by Judge Paul L. Friedman of the U.S. District Court for the District of Columbia on Oct. 21. Under the letter of the Affordable Care Act, subsidies for health insurance premiums are only available for state exchanges. Sixteen states plus the District of Columbia have set up such exchanges.
But in May 2012 the Internal Revenue Service extended subsidies to federal exchanges, simply by defining an exchange as a “State Exchange, regional Exchange, subsidiary Exchange, and Federally-facilitated Exchange.”.......To Read More....
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