Worthy Christian News » US News » Court Cases » Obamacare Tax Subsidies Upheld by Supreme Court


Obamacare Tax Subsidies Upheld by Supreme Court

Thursday, June 25, 2015 | Tag Cloud

breaking us news supreme court

(Worthy News)-- The U.S. Supreme Court upheld the nationwide tax subsidies that are a core component of President Barack Obama's health-care law, rejecting a challenge that had threatened to gut the measure and undercut his legacy, Bloomberg reported.

The 6-3 ruling is the high court's second in three years to preserve Obamacare in the face of Republican-backed legal attacks. It averts a collapse in state insurance markets and lets millions of Americans keep using federal tax credits designed to make policies affordable.

Chief Justice John Roberts and Justice Anthony Kennedy joined the court's four Democratic appointees in the majority. They said the 2010 Affordable Care Act allows tax credits in all 50 states, not just the 16 that have authorized their own online insurance exchanges.

"Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them," Roberts wrote. --Source

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » Court Cases » Obamacare Tax Subsidies Upheld by Supreme Court

Leave a Comment

Worthy Christian News » US News » Court Cases » Obamacare Tax Subsidies Upheld by Supreme Court