Supreme Court Upholds Obamacare Subsidies

WASHINGTON — The Supreme Court rescued President Obama’s health care law on Thursday for the second time in three years, rejecting a conservative challenge to the law’s financial structure that could have proved fatal.

By a vote of 6-3, the justices ruled that insurance subsidies created by the health law can be offered in both state and federal health care exchanges, or marketplaces, putting the landmark 2010 statute on solid legal footing for the immediate future and handing the law’s opponents a sound defeat.

Handing the Obama administration a victory, the U.S. Supreme Court voted 6-3 to uphold nationwide Affordable Care Act tax subsidies. Newslook

“Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them,” Chief Justice John Roberts wrote for the court’s majority. “If at all possible, we must interpret the act in a way that is consistent with the former, and avoids the latter.”

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Source: USA Today