In a move that sent shockwaves through the political, macroeconomic, and personal finance worlds, the Supreme Court today upheld President Obama’s signature legislative achievement: the Affordable Care Act, (a.k.a. ‘Obamacare’.) With a 5-4 decision, the law’s highly controversial individual insurance mandate was confirmed as constitutional, leaving its supporters in a state of jubilation and its detractors spitting with fury.
As Vice President Biden rather tastelessly—if accurately—said to his boss upon the signing of the bill, “this is a big [BLEEPing] deal.” Well, the exact same can be said of the High Court ruling upholding it. How big a deal is it? As we speak, pundits and experts far and wide are scrambling to assess the impact.
As always, Quizzologists are standing by to analyze what this momentous decision means for the nation, as well as your household budget. We’ll be taking an in-depth look at the complex ruling and all of its weighty ramifications, but for now, suffice it to say that the Supreme Court has set off an earthquake that’s reverberating across the country and its markets.
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What are the implications for the health care industry? For your individual policy? For small business owners and the broader economy? For the 2012 election and the future of America?
In coming days, the Quizzle blog will provide you with comprehensive answers to these and many other questions…stay tuned.