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Friday, June 26, 2015

Supreme Court upholds Obamacare subsidies

Supreme Court upholds Obamacare subsidies

Los Angeles Times | June 25, 2015 | 7:14 AM
In a major victory for President Obama, the Supreme Court has upheld the broad reach of his healthcare law, ruling the government may continue to provide tax subsidies for low- and middle-income people who buy insurance nationwide, even in states which did not create an official insurance exchange of their own.
The 6-3 decision rejects a second conservative challenge to the law, one which could have left more than 6 million Americans scrambling to pay for their coverage.
The ruling is a crucial win for the Democratic White House, now that Republicans control the House and Senate. Had the high court ruled for the conservative challengers, it would have put the fate of the law in the hands of GOP leaders on Capitol Hill.
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