Today was a historic day for the United States and the Obama Administration. In a 5-4 vote, the Supreme Court of the United States upheld the healthcare law, also known as the Affordable Care Act. The swing vote came from Chief Justice John Roberts, an appointee of President George W. Bush. Roberts voted alongside the liberal justices, ruling the individual mandate as constitutional.
So what does all this mean for you?
The Affordable Care Act will do the following:
With the law in effect, insurance companies will be forced to insure riskier patients, and pressure will be alleviated from states that are struggling to cover their uninsured population.
Presidential candidate Mitt Romney has wasted no time speaking out on his opposition for the Supreme Court’s decision. Romney has already declared he will work to get a full repeal of the law. Ironically, while Romney was Governor of Massachusetts he worked to get a now mandated health insurance for the state. Regardless, this ruling has provided great momentum for President’s Obama campaign.
What are your thoughts on the Supreme Court’s decision?
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