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President Obama signs the PPACA at the White House March 23, 2010 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)

March 25 (Bloomberg) — The Obama administration’s claim that its health-care overhaul allows subsidies on health plans bought through a federal exchange met skepticism from an appeals court panel, with two judges suggesting the law as written doesn’t support the payments.

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