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.
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