re: Can someone please explain the recent Obamacare ruling?

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This ruling will almost certainly be overturned on appeal,

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unlikely, especially in the 5th Circuit

the judge based his ruling on the majority opinion in the Sebelius case.

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I assume the USSC will refuse to hear it

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they will have to hear it, especially since you can expect a "quickie" ruling out of the 9th or 3rd saying the opposite.