On Thursday, June 25, the Supreme Court handed down one of itsmost momentous decisions for employers in years. In simple terms,"Burwell" (Obamacare) won, and "King" (the plaintiffs) lost.

In a case that has grabbed national attention since argumentswere made in front of the Court in March, the Supreme Court hasrules that the Affordable Care Act may provide nationwide taxsubsidies designed to help poor and middle-class people purchasehealth insurance.

The ruling was six in favor of "Burwell," three in favor of"King." In writing the majority opinion, Chief Justice John G.Roberts, Jr., wrote that the words in question "an exchangeestablished by the state" must be understood as part of a largerstatutory plan. "In this instance, the context and structure of theact compels us to depart from what would otherwise be the mostnatural reading of the pertinent statutory phrase."

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