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Supreme Court Upholds ACA Tax Subsidies

The U.S. Supreme Court has ruled 6 to 3 on King v. Burwell, a case challenging the Affordable Care Act (ACA). The central question in the case was whether the IRS may permissibly promulgate regulations to extend tax-credit subsidies to coverage purchased through exchanges established by the federal government under Section 1321 of the Patient Protection and Affordable Care Act. The ruling, a victory for the Obama Administration, means that individuals who get their health insurance through an...

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