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Separate circuit court rules in favor of Obamacare subsidies

A second federal court ruled Tuesday on the legality of Obamacare's health insurance subsidies — and this one found, unlike the D.C. Circuit Court ruling hours earlier, that the subsidies are legal.

The Fourth Circuit Court of Appeals ruled Tuesday afternoon that Obamacare subsidies could be offered through federally-run insurance marketplaces.

"It is...clear that widely available tax credits are essential to fulfilling the Act’s primary goals and that Congress was aware of their importance when drafting the bill," the Fourth Circuit Court ruled.

You can read the Fourth Circuit decision here. We'll have more coverage soon.