On a 2-1 vote, a panel of the DC Circuit Court of Appeals has ruled that the Obamacare law as written does not permit subsidies for those who purchase health insurance through the federal exchange rather than through state-created exchanges.
It is clearly the right decision based on the text of the law, but it was nevertheless far from a foregone conclusion that the court would rule this way.
It is premature for major celebrations by opponents of Obamacare...which I'll get into in an article later today or tomorrow.
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