DC Circuit Orders Vacatur of IRS Obamacare Regulations Extending Tax Subsidies to Federal Exchanges

DC Circuit Orders Vacatur of IRS Obamacare Regulations Extending Tax Subsidies to Federal Exchanges

The United States Court of Appeals for the District of Columbia Circuit today ordered vacated a critical Internal Revenue Service (IRS) regulation extending tax credits under Obamacare (Patient Protection and Affordable Care Act or PPACA) to participants in federal health care exchanges as contrary to the clear language of the statute.