President Barack Obama’s signature health-care law was dealt another blow as a federal judge ruled two of its key provisions violate the Constitution by spending money that hasn’t been appropriated by Congress.

The ruling Thursday by U.S. District Judge Rosemary Collyer in Washington was a victory for the Republican-led House of Representatives, which claimed the law illegally directs public money to tax credits that make insurance premiums more affordable, and to reductions in deductibles and other “cost sharing” methods used by insurers. Collyer put her ruling on hold pending an appeal.

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.