Federal Appeals Court Says Tax Credits Allowed Only In State-Based Exchanges

The U.S. Court of Appeals for the D.C. Circuit delivered a significant blow to the Obama administration on Tuesday (July 22), ruling in a 2-to-1 decision in Halbig v. Burwell that the IRS is not authorized to provide premium tax credits for insurance that individuals purchased on the federally facilitated exchanges. The ruling is the first to go against the Obama administration on the question of whether premium tax credits can be accessed in federal exchange states. The...