What Does Supreme Court Ruling Mean for Obamacare? We Explain
Everyone's heard about the big Supreme Court ruling upholding subsidies for Obamacare. But what does it really mean?
Thanks for Dr. Roger Stark, who's the noted medical and political expert for the Washington Policy Center, we've outlined the latest news.
Stark was asked to testify before Congress during the debate phase of Obamacare before it was implemented and is considered an expert in the medical industry - especially since he's a former practicing doctor.
The Supreme Court's 6-3 ruling means the government can continue to give subsidies by way of the IRS (tax breaks) to people enrolled in the federal (not state) healthcare exchanges. The suit has challenged the legality of this. Washington state is one of 14 states who set up their own exchange, so it was a bit of a moot point for us. The suit had challenged the legality of the Internal Revenue Service to be giving subsidies by way of the federal exchange.
But what lies ahead? Dr. Stark said this about the future of Obamacare: