Obamacare is back at the Supreme Court. On March 4, justices will hear oral arguments on King vs. Burwell, a case that calls into question the legality of the federal subsidies under the Patient Protection and Affordable Care Act.
The case ultimately hinges on just four words — "established by the state" — as it calls into question the legality of federal exchanges. While PPACA challengers say that phrase limits the tax credits to the 16 states that have set up their own exchanges, the Obama administration has defended an IRS rule that interpreted the law as allowing subsidies nationwide.
Here are some basics to know about the case and what it means for the industry, consumers and the law in general.
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