In another blow to President Barack’s Obama’s signature legislation, a three-judge panel on the D.C. Circuit Court of Appeals has ruled in favor of the plaintiff, declaring the law’s premium subsidies are invalid in more than two dozen states due to the law’s specific language.
“This has the potential to gut the exchanges and the employer requirements of Obamacare,” said Alden Bianchi, practice group leader of Mintz Levin’s employee benefits and executive compensation practice, of Tuesday’s Halbig v. Burwell ruling. “The issue will likely end up before the Supreme Court.”
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access