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The Supreme Court upheld the Affordable Care Act for the third time: What that means for you

In a statement, President Joe Biden called the decision a "major victory."


The Supreme Court ruled Thursday against several Republican-led states seeking to strike down Obamacare. The court's 7-2 decision reversed an appeals court decision that had found the law's individual mandate provision unconstitutional.

The decision secures Obamacare for the foreseeable future. If the court hadn't upheld the ACA, many Americans with preexisting conditions would have seen premiums go up or would have been denied coverage.

"Costs would go up for unhealthy people, but may go down for healthy people," physician-turned-financial-advisor Carolyn McClanahan, director of financial planning at Life Planning Partners, told Grow last year. "There are 100 million people with preexisting conditions and they will definitely see their costs go up."

What is a health savings account (HSA)?

Video by David Fang

Some 31 million people are enrolled in health insurance through the ACA, according to the U.S. Department of Health and Human Services, and 14.8 million additional people have enrolled in Medicaid as of December 2020, since the ACA expanded Medicaid eligibility to low-income adults.

In a statement, President Joe Biden called the decision a "major victory." He added: "After more than a decade of attacks on the Affordable Care Act through the Congress and the courts, today's decision — the third major challenge to the law that the U.S. Supreme Court has rejected — it is time move to forward and keep building on this landmark law."

Obamacare also allows children to stay on their parents' insurance until age 26 and enables access to free mammograms and birth control.

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