The Supreme Court on Wednesday will hear oral arguments in King v. Burwell, a case challenging the legality of tax credits allowed to purchase health insurance under the Affordable Care Act. The issue is the wording of the IRS rule that says individuals qualify for subsidies when they buy health insurance through an exchange established by the state. Only 13 states and the District of Columbia have established their own exchanges, with the rest of the country using the federally facilitated marketplace.
This isnt the first time the Supreme Court will be ruling on the health care law. In 2012, the high court ruled 5-4 to uphold the ACA in National Federation of Independent Business v. Sebelius a case that focused on a requirement for most Americans to get health coverage or pay a penalty. The individual mandate, as its referred to, went into effect Jan. 1, 2014.
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