Supreme Court Ruling Supports Obamacare
In a 6-3 decision, the Supreme Court saved Obamacare – retaining health insurance coverage for millions of Americans and locking the president’s place in history through his signature act.
The very broad ruling says the Affordable Care Act – AKA Obamacare – authorized tax credits for those eligible living not only in states with their own exchanges but in the 34 states with federal marketplaces as well. The ruling avoided a major issue facing states that would have figure out how to prevent millions from losing health care coverage.
President Obama said the ruling was a victory for hard working Americans who would have lost their insurance coverage had the decision gone the other way.
The majority opinion was handed down by Chief John Roberts.
“Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them,” Roberts said. “If at all possible, we must interpret the Act in a way that is consistent with the former, and avoids the latter.”
President Obama Speaks with Reporters Before Ruling
Before the ruling the president spoke with reporters about the case.
“It has been well documented that those who passed this legislation never intended for folks going thorugh the federal exchanges not get the subsidies,” he said. “Frankly it probably should event have been taken up.”
President Talks of Obamacare Success
And he praised the success of the program
“The thing’s working – it hasn’t had an adverse effect,” he said. “The costs have come in substantially lower … healthcare inflation overall has been at the lowest levels in 50 years.”
You can read the full text of the decision here.