This morning the Supreme Court ruled in favor of tax subsidies under the Affordable Care Act in King v. Burwell with a 6-3 decision. This decision keeps the current subsidies in place within ACA, or otherwise known as Obamacare, and there won’t be any major changes in the immediate future.
This decision has made the hashtag, #SCOTUS, trend on twitter due to the impact ACA has on many Americans and businesses. This decision could have a potential long term impact on health insurance companies too, and especially ones like Humana (HUM), United Healthcare (UNH), Aetna (AET), Centene Corporation (CNC), and more.
We highlight tweets including our own Kevin Cook about today’s decision below:
There goes healthcare to the moon as Obamacare upheld by supreme court $HCA $THC $UNH $CYH $HUM
— Open Outcrier (@OpenOutcrier) Jun. 25 at 09:09 AM
$ACHC Bloomberg: Obamacare Tax Subsidies Upheld by US Supreme Court $HCA $UNH $AET $ANTM $THC
— Kevin Cook (@KevinBCook) Jun. 25 at 09:35 AM
#SCOTUS upholds #ACA. @NYStateofHealth has provided insurance to more than 2.1 million New Yorkers since 2013.
— Andrew Cuomo (@NYGovCuomo) June 25, 2015
BREAKING: Obama reacts to #SCOTUS health care decision: Health care is not a privilege, it’s a right.
— Neil Cavuto (@TeamCavuto) June 25, 2015
#Obama on #SCOTUS ACA decision: "As the dust has settled – there can be no doubt that this law is working…" http://t.co/du8Do8wrKr
— BBC News US (@BBCNewsUS) June 25, 2015
It's hard for me to get too excited about the #ACA when Single Payer makes so much more sense. #SCOTUS
— Marc Lippincott (@marclippincott) June 25, 2015
$AET Supreme Court upholds healthcare subsidies:http://stks.co/h2eSB
— brad cole (@bradcole) Jun. 25 at 09:33 AM
$AET Supreme Court upholds healthcare subsidies:http://stks.co/h2eSB
— brad cole (@bradcole) Jun. 25 at 09:33 AM
SCOTUS upholds Obamacare subsidies, healthcare stocks rally http://t.co/3SABsB1REw $HUM $CNC $MOH $ANTM
— HCEA (@HCEAORG) June 25, 2015
Healthcare Stocks Surging on Obamacare Ruling: $AET $UNH $CI $HUM $ANTM $HCA $THC $UHS $CYH Healthcare SPDR Fund: $XLV Courtesy: @CNBC
— DayTrading Ninja (@daytradingninja) June 25, 2015
Obviously many people who are talking about the Supreme Court’s ruling has mostly been about politics with clear ideological divisions over the decision. However, investors have taken note on the SCOTUS ruling and how it has benefited many health insurers today.
When this article was written many major health insurance companies were trading higher following the news. Will health insurers benefit from ACA in the long run? What are your thoughts about today’s ruling and its impact on businesses?
Please send us your thoughts to Twitter or StockTwits!
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