This morning, Thursday, June 28, the U.S. Supreme Court upheld the Obama Administration’s healthcare law in a 5-4 decision, with Chief Justice Roberts siding with the majority. In Roberts’ opinion he states…
“…the controversial individual mandate may be upheld and is within Congress’ power under the taxing clause rather than the commerce clause.”
Chief Justice Roberts also writes that the Court is not making a judgment on the wisdom of the healthcare law as that is for the people to decide.
With the current race to interpret what this verdict means for the November election I was reminded of a great opinion piece from the PLUS Medical PL and Professional Risk Symposia where economist Marvin Zonis gave his take on what this ruling may mean. Keep in mind, this video is from March and does not have the benefit of knowing what the verdict will be, but Mr. Zonis’ opinions are very thought-provoking.
CNN (post gaffe) and many other news outlets have ongoing coverage of this landmark decision.