"Congress well understood the importance of subsidies to the ACA reforms. The basic economic framework undergirding that statute can be analogized to a stool with three legs. All three legs [(namely, non-discrimination rules, individual mandate and premium subsidies)] are necessary to foster stable, functioning insurance markets consistent with Congress' goal of broad, affordable coverage. Economic modeling confirms what Congress understood: without premium subsidies for every eligible person who buys insurance on an Exchange, the ACA cannot achieve its goals." [King v. Burwell, No. 14-1158 (4th Cir. July 22, 2014; cert. pet. granted Nov. 7, 2014)]  MORE >>