King v. Burwell decision: The death spiral is the health care disaster we just averted.

Here Is the Huge Health Care Disaster We Just Averted

Here Is the Huge Health Care Disaster We Just Averted

Moneybox
A blog about business and economics.
June 25 2015 11:45 AM

Here Is the Huge Health Care Disaster We Just Averted

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Yep. No death spiral.

Jonathan Ernst/Reuters

Obamacare just won a big victory from the Supreme Court. Again. On Thursday, the court ruled 6–3 to uphold the federal subsidies established by the Affordable Care Act. In his opinion, Chief Justice John Roberts explains that “the combination of no tax credits and an ineffective coverage requirement could well push a State’s individual insurance market into a death spiral. It is implausible that Congress meant the Act to operate in this manner.” Wait, you say! What exactly is the death spiral? What is this worst-case scenario that we just averted? Above, Slate explains.

Alison Griswold is a Slate staff writer covering business and economics.

Anne Marie Lindemann is a video producer and designer based on New York.