Today, the Supreme Court announced its decision in support of the Affordable Care Act.
The ruling holds that the Affordable Care Act authorized federal tax credits for eligible Americans in states with their own exchanges and in the 34 states with federal marketplaces.
The Supreme Court upheld the insurance mandate in President Obama’s healthcare law.
The court said Congress has the authority to enforce the healthcare law’s individual mandate, which will require most U.S. taxpayers to purchase insurance or pay a penalty.
“Nothing in the Constitution guarantees that individuals may avoid taxation by inactivity,” Roberts said from the bench.
The court did not give approval to an expansion of Congressional powers to regulate commerce.
The court chipped away at the law’s Medicaid expansion without striking it down entirely. It said the federal government cannot withhold all Medicaid funding from states that choose not to take part in the expansion, but must allow states a choice between participating in the expanded program or leaving it as is.
The Supreme Court will deliver its ruling on the constitutionality of healthcare reform on Thursday.
This ruling is one of the most anticipated in decades. The Supreme Court decision on President Obama’s healthcare law has widespread implications for federal power, the 2012 presidential election and healthcare in America.