D.C. Appeals Court Throws Out Tax Rule on Obamacare Subsidies

A major blow has been delivered today to Obamacare, Reuters reports: "The U.S. Court of Appeals for the District of Columbia Circuit accepted one of the main legal challenges to the policy by conservatives opposed to an expansion of the federal government" and threw out the federal tax regulation that implements Obamacare subsidies available to people with annual incomes of up to 400 percent of the federal poverty level.