Federal Appeals Court Deals Blow To Health Law

NewsOK.com RSS - business, Daily Oklahoman: Business
Tue, 07/22/2014 - 7:43am

WASHINGTON (AP) — A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies. If upheld, the decision could mean premium increases for more than half of the 8 million Americans who purchased taxpayer-subsidized insurance under the law. It affects consumers who purchased their coverage through the federal insurance marketplace — or exchange— that serves 36 states. A three-judge panel in Washington ruled 2-1 that the law, as written, only allows insurance subsidies in states that have set up their own exchanges.Read more on NewsOK.com

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Topics:  washington ap    president barack obama   americans   newsok    a    a   washington   health   law   insurance   purchased   subsidies   states   
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