Breaking! ObamaCare Just Slammed By D.C. Circuit Court of Appeals.

BREAKING: Obamacare dealt massive setback by federal appeals court.

By Tom Howell Jr.    The Washington Times Updated: 11:26 a.m. on Tuesday, July 22, 2014

Millions of Americans are not entitled to government health insurance subsidies under Obamacare because of the way the law is written, a divided three-judge panel of the D.C. Circuit Court of Appeals ruled Tuesday.

In a decision that could blow a massive hold in President Obama’s signature domestic achievement, the court held that people living in states that relied on the federal government to set up their insurance market exchanges cannot offer the subsidies considered critical to making coverage affordable.

The D.C. Circuit Court of Appeals ruled the administration used an IRS rule to stretch the meaning of the Affordable Care Act, which said financial

 aid to to low- and middle-income people should only flow to exchanges “established by the State.” If that means only state-run exchanges, it would cut off subsidies to two-thirds of the nation.

The Obama administration is sure to appeal the circuit’s decision in the case, Halbig v. Sebelius, because the subsidies are a huge draw for Obamacare customers. Without that selling

 point, the reforms would effectively collapse under the weight of premiums that are no longer affordable.

Under the court’s ruling, only the 14 states and the District that have taken on the responsibility for their exchanges would be able to dole out premium tax credits to their resident.

~Steve~

Read more: http://www.washingtontimes.com/news/2014/jul/22/obamacare-dealt-serious-setback/#ixzz38DLi9K6U