federal exchanges set up for the states' benefit or state exchanges run by the feds

THE 4TH CIRCUIT BIGFOOTS THE REPUBLICAN DC PANEL'S ATTEMPT TO WIN THE DAY WITH ITS ANTI-OBAMACARE DECISION... by DeLong

Sarah Kliff: Separate circuit court rules in favor of Obamacare subsidies: "The Fourth Circuit Court of Appeals...

ruled Tuesday afternoon that Obamacare subsidies could be offered through federally-run insurance marketplaces.

It is... clear that widely available tax credits are essential to fulfilling the Act’s primary goals and that Congress was aware of their importance when drafting the bill," the Fourth Circuit Court ruled. 

We'll have more coverage soon...."