In a major victory for Republicans, a federal judge ruled that the Obama administration didn’t fund Obamacare’s subsidies properly.
The judge said Thursday that the subsidy program will remain in place pending an appeal. The win means that potentially millions of people could see their premiums rise as insurers lose subsidies intended to help them pay down healthcare costs.
It also gives Republicans a victory over what they deem “executive overreach” by President Obama.
The lawsuit focuses on whether money for the law’s cost-sharing reductions was approved properly by Congress. Obamacare’s tax credits are given to Obamacare customers to pay down the cost of premiums, while the cost-sharing reductions are given to insurers to help with deductibles and co-pays.
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