In one of the most historic moments to date, the Supreme Court has upheld President Barack Obama’s health care overhaul, ruling the individual mandate that virtually all Americans must have health insurance or pay a fine. The mandate was upheld under the federal government’s power to levy taxes.
According to Politico, in a 5-4 decision, Chief Justice John Roberts joined with the court’s four liberal leaning justices to affirm Congressional authority to enact the Affordable Care Act’s mandate under its taxing power. Supporters included Stephen Breyer, Ruth Bader Ginsburg, Elena Kagan and Sonia Sotomayor — to form the 5-4 majority.
Starting in 2014, almost everyone will be required to be insured or pay a fine. There are subsidies to help people who can’t afford coverage. Most employers will face fines if they don’t offer coverage for their workers. Newly created insurance markets will make it easier for individuals and small businesses to buy affordable coverage. And Medicaid will be expanded to cover more low-income people.
Insurers will be prohibited from denying coverage to people with medical problems or charging those people more. They won’t be able to charge women more, either. During the transition to 2014, a special program for people with pre-existing health problems helps these people get coverage.
An assortment of tax increases; health industry fees and Medicare cuts will help pay for the changes.
Those who aren’t in support still believe this decision is bad policy and law. According to a recent news conference with Presidential hopeful Mitt Romney, the cuts from Obama Care will add trillions to our national debt by pushing the responsibilities on future generations. Romney claims this will not be a job creator but a job killer. Those against this type of health care reform will soon (continue to) rally to strike down this decision by encouraging those to side with Romney for 2012.
Now that Twitter, Facebook and other media sites are a buzz, everyone is also commenting on the early reporting done by CNN and Fox News. In an early misreading of the ruling, the reports from this morning turned out to be inaccurate.
More updates to come soon-
Do you support Obama Care? Share your thoughts on the ruling.