US appeals court deals blow to health care law

US appeals court deals blow to health care law

US appeals court deals blow to health care law

Print
Email
|

Associated Press

Posted on July 22, 2014 at 10:56 AM

WASHINGTON (AP) - A US appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.

 

If upheld, the decision could mean premium increases for more than half of the 8 million Americans who purchased taxpayer-subsidized insurance under the law, considered Obama's signature first term achievement.

It affects consumers who purchased their coverage through the federal insurance marketplace - or exchange- that serves 36 states.

A three-judge panel in Washington ruled 2-1 that the law, as written, only allows insurance subsidies in states that have set up their own exchanges. That invalidated a tax agency regulation that allowed subsidies in all 50 states.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

Print
Email
|