Supreme Court Upholds Tax Credit Provision of the Affordable Care Act
WASHINGTON – On Thursday, the Supreme Court of the United States released its long-awaited decision for King v. Burwell. Petitioners of the court case challenged the availability of tax credits for people who purchase health insurance on a marketplace created by the federal government. With a vote of 6-3 the Justices upheld the current standard, ensuring tax credits and affordable health care for the millions of Americans who have gained coverage through the Affordable Care Act (ACA). Congressman Gene Green released the following statement:
“I am pleased that the Supreme Court ruled in favor of Secretary Burwell and the respondents. This decision protects credits for 800,000 Texans, including more than 25,000 constituents in our District, from a partisan attack on the Affordable Care Act (ACA).
“The ACA works. Since the Congress passed the ACA, the uninsured rate in our country has approached historic lows. Under the law, approximately 10 million Americans gained coverage. Additionally, health care prices are rising at the slowest rate in 50 years.
“The Supreme Court’s decision reiterates a common sense reading of the law’s text: these tax credits are available to all Americans regardless of where they live. The structure, text, and legislative history of the ACA all reflect this interpretation. The Supreme Court’s decision in favor of this interpretation has real-world impact on Americans living in states with Federally-run insurance exchanges.
“Thanks to today’s decision by the Supreme Court, the ACA will continue to work. The law will continue to provide coverage for hard-working Americans, and it can continue to provide subsidies for eligible individuals living in states with Federally-run insurance exchanges who cannot otherwise afford insurance coverage.
“It’s time to move on. This was a failed attack on the least controversial part of the law, which makes health care more affordable for all Americans. We cannot afford to continue considering ACA repeal efforts in the House of Representatives, and jeopardize the health, safety and economic stability of American families.”