Supreme Court upholds Obamacare 5-4

This Just In

Editor’s note: We’re live blogging from the Supreme Court today as the nation waits to see how the justices will rule on the health care law. You can follow along below as CNN Supreme Court Producer Bill Mears and Senior Legal Analyst Jeffrey Toobin get the latest details live from the court as well as analysis when the opinion is delivered. Watch live coverage and analysis on CNN TV, CNN’s mobile apps and http://cnn.com/live.

[Updated at 12:23 p.m. ET] President Obama touted the benefits of the law he championed as he reacted to the Supreme Court’s ruling.

“By this August, nearly 13 million of you will receive a rebate from your insurance company because it spent too much on things like administration and CEO bonuses and not enough on your healthcare,” Obama said.

Other benefits include lower drug costs for seniors as well as denying insurers the option to deny…

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