Although I mentioned on Wednesday that there are some bills pending that could strip away some aspects of the Affordable Care Act (i.e., medical device tax, IPAB), the core components of the ACA were upheld by the Supreme Court. The BBC reports:
In a 6-3 decision, the justices said that tax subsidies that make health insurance affordable for low-income individuals can continue.
The ruling preserves the law known as Obamacare, which Mr Obama considers a major part of his presidential legacy.
What was all the commotion about?
In the court, opponents argued that a phrase included in the law, “established by the state,” meant the federal government could only provide subsidies to people in states that set up their own exchanges.
In other words, individuals who enrolled in the health care exchanges would not be eligible for subsidies if the legislation was read literally. With the King ruling, however, the subsidies were upheld.
Vox has 10 facts to know about the decision.
The King verdict’s coverage, however, is rightfully being trumped by another Supreme Court case handed down today.