ACA subsidies on federal exchange overturned

Published Updated 1 Min Read

(Bloomberg) — President Barack Obama’s health care 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 tax credits they need to buy a health plan.


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