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Opinion
The Editors

Obamacare Is Ending, and Other Nonsense

It's way too soon to panic -- or celebrate, if that's your thing -- over the demise of the Affordable Care Act.
The logic of this ruling is a little baffling.
The logic of this ruling is a little baffling.

It's too soon to panic -- or celebrate, as the case may be: Obamacare isn't dead. And given the flimsy logic of the latest legal argument against it, there's a good chance it never will be.

The excitement began this morning, when a panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled in Halbig v. Burwell that Obamacare doesn't permit federal subsidies for health insurance in states that haven't established their own exchanges. If that interpretation took effect today, it would leave 4.7 million people in 36 states without federal assistance for their premiums.