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PPACA faces renewed court threat

The fate of President Barack Obamas health care law is again in the hands of the U.S. Supreme Court.

By Greg Stohr | Updated on October 30, 2014
(AP Photo/J. Scott Applewhite)
Oct. 30 (Bloomberg) — The fate of President Barack Obama’s health care law is again in the hands of the U.S. Supreme Court.

Two years after upholding the law by a single vote, the justices are weighing whether to hear a Republican-backed appeal that would block people in 36 states from getting tax subsidies to buy insurance. The justices are scheduled to discuss the matter tomorrow, with an announcement coming as soon as Nov. 3.

The tax credits have implications well beyond the 4.6 million people who receive them in those states. A high court decision against the administration would have ripple effects, undercutting other parts of the Affordable Care Act and potentially destabilizing insurance markets across the nation.

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