Obamacare Just Got Dealt An Incredible Blow; Here’s What Could Happen Next – Yahoo Finance

It was a “stinging defeat” for the federal government a potential “deathblow,” as The Huffington Post’s banner put it. By the end of the day, though, another appeals court ruled in the law’s favor in a separate case andthe Obama administration was declaring victory. It was affirmation, the White House said, that the morning’s ruling was a mirage and had been “undermined.” The plaintiffs in both cases decided by the appeals courts on Tuesday are challenging President Barack Obama’s signature legislation by arguing the way it was written does not allow for subsidies to be provided by the federal government. They point to a statute that says subsidies should be issued to plans purchased”through an Exchangeestablished by the State under Section 1311″of the Affordable Care Act. Section 1311 establishes the state-run exchanges. The plaintiffs said the law does not permit subsidies in federal exchanges, based on Section 1311 and another corresponding section of the law.
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10.3 million adults got insurance in Obamacare launch: Study

We’re hopeful the remaining states will come on board and we look forward to working closely with them.” Read More Obamacare subsidizes fictitious persons Getty Images Health and Human Services Secretary Sylvia Mathews Burwell testifies before the Senate Appropriations Committee Capitol Hill in Washington. The 2012 decision by the US Supreme Court that upheld most of Obamacare also left it up to individual states on whether to open up their Medicaid programs to most poor adults. The federal government is footing 100 percent of the costs of insuring the newly eligible under Medicaid in so-called expansion states for the first three years, and then has committed to funding 90 percent of the costs thereafter. But as a result of opposition to Obamacare generally, concerns about additional costs, and objections to funding health coverage for able-bodied adults, nearly half the US states have refused to endorse expansion. The NEJM study also found that about 4.4 million more adults than previously reported having a personal doctor. The study further found that 5.3 million fewer people reported having difficulties paying for medical care. The study comes a day after an unusual split decision by two federal appeals court on a crucial component of Obamacare.
For the original version including any supplementary images or video, visit http://www.cnbc.com/id/101861170


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