Obamacare Subsidies Ruled Illegal

What was once considered a long-shot legal challenge to “Obamacare” has been approved by a Federal Appeals court, dealing a major blow to the fledgling government healthcare solution.

Obamacare participants are not eligible for tax subsidies

By a 2-1 ruling, a three-judge panel of the U.S. Court of Appeals for the District of Columbia. Circuit said that participants in health exchanges run by the federal government in 34 states are not eligible for tax subsidies.

The ruling, which is likely to be appealed, challenges the core framework of the health care system for nearly 5 million Americans who are without employer-provided health plans.

The court ruled that the health care law as it...