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Supreme Court rules 6-3 to save Obamacare tax subsidies

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The U.S. Supreme Court upheld a core component of President Barack Obama’s health care law, backing tax credits used to buy insurance.

According to Bloomberg Business, the 6-3 ruling eliminates the post potent legal challenge to the Affordable Care Act.

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. “If at all possible, we must interpret the act in a way that is consistent with the former, and avoids the latter.”

Read more from Bloomberg Business.

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