Supreme Court Upholds Obamacare Subsidies For Federal Exchanges
The Affordable Care Act allows the federal government to provide subsidies to poor and middle-class people purchasing insurance on the federal exchange, the Supreme Court ruled in King v. Burwell today. Opponents to Obamacare had claimed that federal subsidies were, based on the language of the Act, limited to plans purchased on exchanges individual states set up themselves, not those obtained through Healthcare.gov. The exact language of the Act must yield to its overall intent, the Court decided in its 6-3 decision....