D.C. Circuit Court limits Obamacare funds. White House hopes to appeal the ruling.

July 23, 2014 11:29 AM

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A three-judge panel at the D.C. Circuit Court of Appeals has ruled that the Affordable Care Act cannot provide subsidies to millions enrolled under the federal health care exchange because the law, as written, does not allow it.

Simply put, the judges ruled that when the Affordable Care Act states that federal subsidies are available only through “an Exchange established by the State," that means just what it says.

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