(BREAKING) Supreme Court to hear case challenging key aspect of Obamacare

This afternoon, the Supreme Court decided to hear a case raising the question whether Obamacare subsidies to assist individuals in the purchase of health insurance apply to purchasers at all health care exchanges under the law or only those run by states instead of the federal government. The Fourth Circuit adopted the former interpretation, granting Chevron deference to the interpretation of the law by the IRS and finding the agency's interpretation to be most consonant with the purpose of the law. The issue is also pending before the en banc D.C. Circuit. There is currently no circuit split.

SCOTUSblog's coverage, here, notes that the case implicates the availability of subsidies in 34 states.

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