Federal Appeals Court Delivers Serious Setback To Obama Health Care Law

huffingtonpost.com A federal appeals court delivered a serious setback to President Barack Obama's health care law Tuesday, potentially derailing billions of dollars in subsidies for many low- and middle-income people who bought policies. In a case before the U.S. Court of Appeals for the District of Columbia Circuit, a group of small business owners argued that the law authorizes subsidies only for people who buy insurance through markets established by the states — not by the federal government. A divided court agreed, in a 2-1 decision that could mean premium increases for more than half the 8 million Americans who have purchased taxpayer-subsidized coverage under the law. The ruling affects consumers who bought coverage in the 36 states served by the federal insurance marketplace, or exchange. to read more: huffingtonpost.com