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U.S. Appeals Courts Issue Conflicting Decisions On Obamacare Subsidies

A U.S. appeals court on Tuesday dealt a significant blow to the Affordable Care Act, when it threw out an IRS regulation that governs subsidies.

In essence, the decision throws out subsidies in the 36 states that did not set up their own insurance exchanges.

The decision by the United States Court of Appeals for the District of Columbia Circuit will likely be appealed and may eventually land in the hands of the Supreme Court.

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