Anthony F. Shelley held a discussion on the upcoming Supreme Court case challenging the availability of federal premium tax credits for coverage obtained on federally-facilitated Exchanges (FFEs). The Fourth Circuit in King v. Burwell upheld IRS rules extending the tax credits to FFE coverage, but the Supreme Court earlier this month agreed to review the decision. Many commentators have suggested that a Supreme Court decision reversing the Fourth Circuit would cripple the operation of the FFEs and seriously threaten the overall viability of the ACA. In this presentation, Mr. Shelley, Member of Miller & Chevalier, whose practice focuses on ACA, employee-benefit and appellate matters, reviewed the issues involved in the case, reviewed the arguments pressed on each side, and discussed possible outcomes and ramifications of the decision, whichever way it goes.