Seeking Alpha

Obamacare faces legal challenge to subsidies

  • The U.S. Court of Appeals in Washington is set to hear arguments today that Obamacare subsidies in the 36 states that haven't set up their own exchanges are illegal.
  • Plaintiff arguments hinge on the meaning of a directive that subsidies should go to income-qualified people enrolled in exchanges "established by the state."
  • So far judges have ruled that the federal government can provide subsidies to exchanges not created by individual states.
  • Still, if the government loses, says Ron Pollack of advocacy group Families USA, "the effort to expand insurance coverage in the vast majority of the states would pretty much be halted."
  • More on Obamacare
  • Health insurers: AET, HNT, HUM, UNH, WLP, MOH
  • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
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Comments (1)
  • DAVE22Q
    , contributor
    Comments (393) | Send Message
     
    sory GOP. not happening
    25 Mar 2014, 09:10 AM Reply Like
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