Supreme Court to hear new Obamacare challenge

Supreme Court to hear new Obamacare challenge

The Supreme Court agreed Friday to hear a new challenge to ObamaCare, bringing the law back before the court after it survived a brush with death in 2012.

At issue in this case is the legality of subsidies offered to help millions of low- and middle-income people buy health insurance. Opponents argue that most of the subsidies are illegal.

A federal appeals court upheld Internal Revenue Service regulations that allow health-insurance tax credits under the Affordable Care Act for consumers in all 50 states.

But opponents of the subsidies argued the Supreme Court should resolve the issue now because it involves billions of dollars in public money. At least four justices, needed to grant review, apparently agreed with the challengers that the issue is important enough to decide now.

The case is likely to be heard in the spring of 2015.

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