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CDC / Creative Commons

One of the possible short-term Obamacare fixes in the Trump administration's "market stabilization" rule, according to a few media reports, would allow health insurers to charge older people 3.49 times more for their premiums than younger people.

Nick Bagley, a law professor at the University of Michigan and author at the Incidental Economist blog, does not think the proposal holds much weight legally. Obamacare, he writes, is crystal clear on this issue: It restricts that age ratio to 3-to-1. But some within Trump's agency believe that because 3.49 "rounds down" to three, it will still comply with the statute. Republicans and the industry argue expanding the ratio will allow insurers to price their products better and make them more attractive for younger people, but it would inevitably raise premiums for older Americans.

The money quote: "If a lawsuit is brought, there's a trivial chance — it rounds to zero — that HHS will win."

Go deeper

Inaugural address: Biden vows to be "a president for all Americans"

Moments after taking the oath of office, President Joe Biden sought to soothe a nation riven by political divisions and a global pandemic, while warning that "we have far to go" to heal the country and defeat a "virus that silently stalks the the country."

Why it matters: From the same steps that a pro-Trump mob launched an assault on Congress two weeks earlier, the new president paid deference to the endurance of American political institutions.

Updated 57 mins ago - Politics & Policy

Inauguration Day dashboard

U.S. Capitol and stage are lit at sunrise ahead of the inauguration of Joe Biden. Photo: Patrick Semansky - Pool/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Biden and Vice President Harris review readiness of military troops, a long-standing tradition to signify the peaceful transfer of power.

Updated 1 hour ago - Politics & Policy

In photos: The Biden and Harris inauguration

Joe Biden is sworn in as the 46th president of the United States. Photo: Alex Wong/Getty Images

Joe Biden and Kamala Harris were inaugurated as president and vice president respectively in a ceremony at the U.S. Capitol on Wednesday morning.

Why it matters: Top Democrats and Republicans gathered for the peaceful transfer of power only two weeks after an unprecedented siege on the building by Trump supporters to disrupt certification of Biden's victory. Trump did not attend Wednesday's ceremony.