Last night, Stephen Colbert looked at the D.C. Circuit Court of Appeals panel's reasoning behind striking down the subsidies for Obamacare in all those red states that have refused to set up their own health care exchange. STUART VARNEY (7/22/2014): Big blow for Obamacare, and we're accurate in saying it. It is a huge blow for Obamacare. That's how you know a news organization is trustworthy—they make the extra effort to point out when they're being accurate.