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A new, potentially very serious blow to Obamacare law

A federal appeals court ruling, if it holds up, could throw millions off the insured rolls.

From the breaking news department:

The federal Court of Appeals for the District of Columbia has ruled that, in states that have declined to set up their own health care exchanges, Americans who have used federal exchanges to get health insurance under the Affordable Care Act are not eligible for subsidies.

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It’s only one court (although a very influential one) and it was a 2-1 ruling. Obviously this will have to be decided by the U.S. Supreme Court. But, according to the NYTimes coverage, if the ruling holds up it “could cut off financial assistance for more than 4.5 million people who were found eligible for subsidized insurance in the federal exchange, or marketplace.”

The liberal ThinkProgress site concentrates its coverage on the Republican origins of the two judges who formed the majority.