Supreme Court upholds Obamacare
The justices, voting 5-4, say Congress has the power to require Americans to carry insurance or pay a penalty.
By Greg Stohr, Bloomberg
The U.S. Supreme Court on Thursday upheld the core of President Barack Obama's health care overhaul, giving him an election-year triumph and preserving most of a law that would expand insurance to millions of people and transform an industry that makes up 18% of the nation's economy.
The justices, voting 5-4, said Congress has the power to make Americans carry insurance or pay a penalty. That requirement is at the core of the law, which also requires insurers to cover people with pre-existing health conditions. The court limited the law's extension of the Medicaid program for the poor by saying the federal government can't threaten to withhold money from states that don't fully comply.
The ruling frames the health care issue for this year's elections and is a victory of symbolism as well as substance for Obama. Chief Justice John Roberts, a Republican appointee, joined four Democrat-selected justices to give the president a majority on a law that has divided the country along ideological and partisan lines throughout Obama's presidency.
Roberts, writing for the court, said Congress had the authority to impose the insurance requirement under its power to levy taxes.
"It is reasonable to construe what Congress has done as increasing taxes on those who have a certain amount of income but choose to go without health insurance," Roberts wrote.
The decision on the Patient Protection and Affordable Care Act is the climax to an epic legal fight that featured the longest courtroom arguments in 44 years, a record number of briefs and extraordinary public interest in a Supreme Court case. The case tested both the constitutional powers of Congress and the willingness of the Roberts court to overrule the other two branches of the federal government.
The dispute marked the first time the Supreme Court had considered a president's defining legislative accomplishment in the middle of his re-election campaign. The Supreme Court hadn't considered a law of comparable scope since justices overturned part of the National Industrial Recovery Act in 1935 during President Franklin Roosevelt's New Deal.
More from Bloomberg
VIDEO ON MSN MONEY
If we the employee have to pay for our own healthcare, then we should in turn be able to write that off our taxes. Plus, none of this bullcrap that you don't meet the deduction to write it off our taxes. But you know that will never happen because you can't give the taxpayers a deduction when you want them to pay for the lazy **** people who don't work for their benefits!!!!!!!!!!!!!!!!!!!
It must be nice to be a supreme court judge and never be a judge!!! Who was the bonehead who allowed that??? Oh, that's right, the boneheads who are currently in office now!!!!!!!!!!!!!!!
1. Every individual in this country - as a condition of their existence - must have health insurance. Those who do not comply will be forced to pay a monetary sum determined by the federal government.
2. Every individual in this country - as a condition of their existence - must have health insurance. Those who do not comply will be forced topay a monetary sum determined by the federal government.
According to the Supreme Court, one of those is an unconstitutional "mandate" unsupported by the Commerce Clause, and the other is an entirely legal "tax" that falls under Congress' taxing authority.
What will we ever do with all this freedom?
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
RECENT ARTICLES ON HEALTH INSURANCE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'