The 2-1 ruling said such subsidies can be granted only to people who bought insurance
in an Obamacare exchange
run by an individual state or the District of Columbia—not on the federally run exchange HealthCare.gov.
"Section 36B plainly makes subsidies available in the Exchanges established by states," wrote Senior Circuit Judge Raymond Randolph in his majority opinion, where he was joined by Judge Thomas Griffith. "We reach this conclusion, frankly, with reluctance.