About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Supreme Court Upholds Affordable Care Act After Latest GOP-Led Challenge” – below is their description.
The U.S. Supreme Court upheld the Affordable Care Act, rejecting a challenge by Republican-controlled states and former President Donald Trump’s administration to a landmark law that provides health insurance to 20 million people.
The justices, voting 7-2, said the challengers to the law, also known as Obamacare, lacked the right to sue because they hadn’t been injured by the provision at the center of the case. Justices Samuel Alito and Neil Gorsuch dissented.
The ruling marks the third time the Supreme Court, despite its increasingly conservative makeup, has upheld central parts of Obamacare. The GOP has been trying to wipe out the measure since it was enacted in 2010 under Democratic President Barack Obama.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Barack Obama
Barack Obama is an American politician and attorney who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and an Illinois state senator from 1997 to 2004.
Obama left office in January 2017 and continues to reside in Washington, D.C.