The Supreme Court has agreed to review a chal­lenge to the tax sub­si­dies allowed under the Afford­able Care Act.  There have been a num­ber of low­er court deci­sions which have tak­en both sides of the issues, so the wis­dom of Solomon (or our own Supreme being) will be called upon to decide whether or not the sub­si­dies called for in the ACA are legal or not.  At issue is the word­ing of the health care reform law say­ing that indi­vid­u­als qual­i­fy for tax cred­its only when they buy insur­ance on a mar­ket­place “estab­lished by the state”  Thus those in Cal­i­for­nia are legal, but those writ­ten through the fed­er­al exchange mar­ket­place may not be.  The IRS issued a rule say­ing that con­sumers can claim tax cred­its no mat­ter where they live and the Oba­ma admin­is­tra­tion says the IRS approach is con­sis­tent with the law’s aims.  OK.  For now, how­ev­er, the ACA stays in place…the court is expect­ed to file their deci­sion in June 2015.