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IRS heist of premium subsidies could wreck Obamacare

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Later this month, judges in Washington, D.C., and Richmond, Va., are expected to deliver rulings on whether Americans who buy insurance in federally run health exchanges in 34 states qualify for subsidized premiums. The IRS ruled in May 2012 that these Americans are eligible to receive premium subsidies. But this regulation contradicts the letter of the law in the Affordable Care Act. The...

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