US Supreme Court poised to rule on 'Obamacare'
June 26, 2012
The imminent US Supreme Court decision on Barack Obama's signature health care reforms has major implications for November's presidential election and for the future of the United States.
A ruling is expected as early as Monday -- two years to the day after Obama signed into law an act to insure an extra 32 million Americans and prevent coverage from being refused on the basis of patients' medical histories.
At the heart of the Patient Protection and Affordable Care Act, dubbed "Obamacare" by its critics, lies the individual mandate that requires every US citizen from 2014 to take out health insurance or be subject to a fine.
Opponents argue that Congress overstepped its constitutional prerogatives in requiring individuals to buy insurance, while the Obama administration contends that the move is vital and in line with existing trade and tax law.
Underlining the size and scope of the decision, the nine Supreme Court justices held six hours of oral arguments over three days in late March, the longest time allotted to debating a single issue in more than 45 years.

Click the link below for the rest of the article!

Posted by Ken at 4:50 AM