Supreme Courts Upholds ObamaCare; 6-3 -- Not Even Close

Updates

Later, 10:09 a.m. CT: moments after writing the last paragraph in the post below, this was the top headline over at Drudge: hospital, insurance stocks surging. Investors should be thrilled with outcome. Now, if we could just "ignore" Greece.

Original Post

The AP is reporting: Supreme Court upholds nationwide health care law subsidies.

The Supreme Court on Thursday upheld the nationwide tax subsidies under President Barack Obama's health care overhaul, in a ruling that preserves health insurance for millions of Americans.

The justices said in a 6-3 ruling that the subsidies that 8.7 million people currently receive to make insurance affordable do not depend on where they live, under the 2010 health care law.

The outcome is the second major victory for Obama in politically charged Supreme Court tests of his most significant domestic achievement. It came the same day the court gave the administration an unexpected victory by preserving a key tool the administration uses to fight housing bias.

From my May 1, 2015, blog: My hunch: the Court will uphold the law. I also posted that it would be a 6 - 3 decision. On June 8, 2015, I posted:

Between now and the end of the month we are going to see a lot of stories on how ObamaCare will be eviscerated if the Supreme Court decision is based on law, and not politics. The stories are being published as a last-ditch attempt to influence the court. As an example, the lead story in today's Los Angeles Times says the world will come to an end as we know it if the court rules "against" ObamaCare. I will let you in on a secret. Promise not to tell anyone.  The court has already decided. It's a 6-3 decision. All they are doing now is dotting the i's and crossing the t's. Or are they rolling their eyes and crossing their fingers that riots don't break out? 

Whoopee.  However, in another post regarding same subject, I was wrong: I thought the court would find a way to throw this back to Congress to fix.

The 6 - 3 margin is important; no argument which way the court "voted" on this. A 5 - 4 would have left a bit of room to quibble. Time to move on; let the market decide this. Words no longer matter.

Words, The Bee Gees
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There are going to be some huge winners with this Supreme Court decision. It pretty much ends debate on ObamaCare. Big Pharma and Big Health won.