June 25, 2015

Paula Calimafde Provides Commentary on Law360 Article on King v. Burwell Decision

• June 25, 2015
• Related Attorneys: Paula Calimafde

On June 25, 2015, the U.S. Supreme Court ruled that consumer subsidies could continue to flow through all of the Affordable Care Act’s health insurance marketplaces, which curtailed the threat to the landmark law.

The 6-3 decision in King v. Burwell protects tax credits distributed to nearly 6.5 million consumers on 34 federally established exchanges.

In response to the ruling, Law360 reached out to those closely monitoring the case and in its article, “Attorneys React To Supreme Court’s ACA Save,” Paley Rothman’s Paula Calimafde provided added insight regarding the significance of the decision:

“The big news about today’s decision is that it did not wreak havoc in states that rely on federally run exchanges. The court looked to the full purpose and text of the statute to resolve the ambiguity in the subsidy provision, declining to adopt the Fourth Circuit’s conclusion that this was a ‘statutory gap’ left for the IRS to interpret. This should foreclose any chance that the provision could be changed by a contrary administrative interpretation from a Republican-led IRS. However, if Republicans win it all in 2017, there is still a chance the ACA will be replaced.”

To see complete coverage, view online at Law360: http://bit.ly/1djKiKs (subscription required).