Major Blow to Obamacare

The D.C. Circuit Court struck down a major portion of Obamacare today, ruling “that the IRS went too far in reinterpreting the language in ObamaCare to extend subsidies to those who buy insurance through the federally run exchanges, known as HealthCare.gov.”

According to the USA Today, “If allowed to stand, the ruling would blow a major hole in the law, since tax credits or subsidies are what make the private health insurance policies offered on the exchanges affordable to most Americans without employer-sponsored insurance plans.”

Michael Cannon of the Cato Institute says, “The purpose of Halbig was to end the massive economic and political disruption caused by the president’s decision to ignore the clear statutory language he is sworn to uphold.”