ACA Cannot Subsidize Insurance Premiums – Appeals Court Ruling

A federal appeals court has ruled the Obama administration cannot subsidize insurance premiums for 7 million Americans, dealing a blow to the Affordable Care Act. The ruling may be a prelude to an appeal to the U.S. Supreme Court.

Two judges with the D.C. Circuit Court of Appeals ruled Tuesday that the text of the reform law clearly forbids income-tax subsidies to go to low- and middle-income Americans who use one of the 34 federally run insurance exchanges. The subsidies have been flowing since Jan. 2014, based on a 2012 interpretation of the law by the IRS.

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Monique Bryher | Broker-Associate/Realtor® | A Specialty Real Estate Practice | | 818-430-6705

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