GOP Leaders Consider Preserving Obamacare Subsidies Until After the 2016 Election
Senator John Barrasso, a Republican from Wyoming, center, speaks during a news conference following a Senate luncheon at the U.S. Capitol with John Thune, a Republican from South Dakota, from left, Barrasso, John Thune, a Republican from South Dakota, and Senate Majority Leader Mitch McConnell, a Republican from Kentucky, in Washington, D.C., U.S., on Tuesday, Feb. 24, 2015.Â
Photographer: Andrew Harrer/BloombergSenate Republican leaders are seriously considering legislation that would extend health insurance tax credits through the 2016 election even if the Supreme Court invalidates them later this year.
Three top Republicans told Bloomberg on Tuesday they are preparing a legislative response in case their party gets what it is wishing for: A Supreme Court ruling that would eviscerate a central tenet of President Barack Obama's health care law by declaring tax credits on the federal exchange illegal.