by Megan McArdle
Yesterday, I outlined what we knew about Halbig v. Burwell, the case in which a federal appellate court ruled that subsidies for purchasing insurance under Obamacare can only be made available on marketplaces established by states. Now I propose to outline what we don’t know: namely, what will happen after the case winds its way through the court system.
If the U.S. Supreme Court ultimately rules for the government, the answer is, “not much; things go on as they are.” But what if the justices take the case and rule for the plaintiff? [Read more...]