Watch Live Now: President Obama Speaks On Obamacare Win At Supreme Court
WASHINGTON (CNN/WXMI) — Obamacare has survived — again.
In a major win for the Obama administration, the Supreme Court held in a 6-3 decision that the Affordable Care Act authorized federal tax credits for eligible Americans living not only in states with their own exchanges but also in the 34 states with federal exchanges.
Chief Justice John Roberts wrote for himself, Justice Anthony Kennedy and the four liberal justices. Justice Antonin Scalia wrote the dissent, joined by Clarence Thomas and Samuel Alito.
The ruling staved off a major political showdown and what would have been a mad scramble in some states to set up their own healthcare exchanges to keep millions from losing healthcare coverage.
For Michigan, the ruling means tax subsidies for roughly 220,000 residents will remain in tact. If the tax credits had become unavailable, the average premium in Michigan could’ve skyrocketed for those individuals by as much 350…
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