High Court Rules In Favor Of Obama Administration-Upholds ObamaCare

From CNBC…..

Obamacare just survived a potentially fatal heart attack.

In a major decision, the U.S. Supreme Court on Thursday ruled in a 6-3 decision that the federal subsidies that help nearly 6.4 million people pay for their Obamacare health plans are legal under the Affordable Care Act.

The ruling avoids what many analysts predicted would be a nightmare scenario if the plaintiffs had won: individual plan insurance prices skyrocketing in two-thirds of the United States, and the loss of health coverage for upwards of 8 million people in states served by the federal insurance marketplace HealthCare.gov by next year.

“Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them,” Chief Justice John Roberts wrote in the majority decision.

Read the Supreme Court decision upholding Obamacare subsidies here.

The Supreme Court decision is a huge victory for the administration of President Barack Obama and his landmark health-reform law, which was designed to significantly reduce the number of Americans without health coverage.

In its ruling in the case known as King v. Burwell, the high court accepted the administration’s argument that the ACA allows federal tax credits to be issued to people who buy health plans through a federally run Obamacare exchange. Joining Roberts in the majority decision were Justices Anthony Kennedy, Ruth Bader Ginsburg, Stephen Breyer, Sonia Sotamayor and Elena Kagan.