Industry insiders say the effects of two contradictory court rulings Tuesday on the legality of subsidies under the Patient Protection and Affordable Care Act could have a long-term — and possibly disastrous — effect on the law — but they’re also not counting on it happening quite yet.
The often-controversial law suffered its latest blow Tuesday when a U.S. appeals court ruled the government can’t give financial assistance to anyone buying coverage on the exchanges run by federal government.
The lawsuit — Halbig v. Burwell — targets a May 2012 Internal Revenue Service rule that allows subsidies to be offered through the federal exchange.
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