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U.S. Supreme Court upholds Obamacare tax subsidies

Thursday, June 25, 2015 - 00:52

In a major win for the Obama Administration, the U.S. Supreme Court upholds Obamacare tax subsidies. Linda So reports.

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Obamacare supporters outside the U.S. Supreme Court had plenty to cheer about. In a major win for the Obama Administration, the court upheld the nationwide availability of tax subsidies crucial to the implementation of the Affordable Care Act. The court ruled 6 to 3 that Obamacare did not restrict the subsidies to states that establish their own online healthcare exchanges. The decision means the tax subsidies will remain in 34 states that help low and moderate-income people buy medical coverage. The ruling marks the second time in three years that the high court ruled against a major challenge to the law brought by conservatives seeking to gut it. Chief Justice John Roberts was joined by fellow conservative Justice Anthony Kennedy and the court's liberal members in the majority.

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U.S. Supreme Court upholds Obamacare tax subsidies

Thursday, June 25, 2015 - 00:52