Regular readers will recall that Cato's Michael Cannon has been all over the Halbig case. Briefly, Halbig argues that the ACA authorized subsidies only on Exchanges built and run by individual states, not the Fed.

Today, the DC Circuit Court is expected to rule on this case. Which way they decide is likely a harbinger of the ObamaTax's future sustainability (such as it is).

We'll update this post once the verdict is announced.
 
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