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  • 05.12.16

Obamacare loses reimbursement battle in court

A federal judge ruled the Obama administration can’t reimburse insurance companies for cost-sharing payments meant to reduce consumers’ out-of-pocket payments under Obamacare without an explicit appropriation from Congress, Reuters reports.

Share prices of major health insurers dropped after the decision was announced, though Judge Rosemary Collyer stayed the ruling until appeals are heard.SM