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The Patient Protection and Affordable Care Act (PPACA),[1][2] informally referred to as Obamacare,[3] is a United States federal statute signed into law by President Barack Obama on March 23, 2010. The law (along with the Health Care and Education Reconciliation Act of 2010) is the principal health care reform legislation of the 111th United States Congress.
After months of speculation, the Supreme Court upheld the president's signature health-care reform Thursday. In a 5-4 decision, the country's highest court ruled the Patient Protection and Affordable Care Act constitutional, and does not exceed Congress' scope of powers.In a 65-page ruling, the court ruled the individual mandate that requires most Americans to have health insurance or face a fine as constitutional, qualifying the provision as a tax.J.D. Piro, senior vice president and leader of the health law group at Aon Hewitt explains that the government justified its power to mandate coverage in two arguments, through the Commerce Cause and its ability to tax. "The court ruled that it wasn't a valid exercise of the Commerce Clause, but it is a valid exercise of taxing powers." Starting in 2014, citizens without insurance will be fined $285 per family or 1% of income--whichever is greater. The penalty jumps to $2,085 per family or 2.5% of income, in 2016."The Affordable Care Act's ...
Former Allscripts CEO Glen Tullman on building a glass-blowing studio with his son and the future of health care.
Reaction from The Hill's A.B. Stoddard
Rep. Diane Black, (R-Tenn.), on her efforts to keep the IRS out of the president’s health-care law .
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Congratulations! You've graduated and landed your first real job. Even in an entry-level position, your paycheck should be noticeably heftier than those you earned a...
The main premise of the president's health-care reform is to extend coverage to everyone, and to make that financially attainable, the system will rely on young (and...
Credit card debt may not make you sick, but new evidence suggests that it could slow your recovery -- or worse.A study conducted by sociologists at the University of...
As the federal government squeezes payments for private Medicare plans, Humana Inc. (HUM), the big health insurer most tethered to the government health program, has...
Health insurer WellPoint Inc. (WLP) is consolidating its businesses into two main groups, one focused on commercial business, the other on government plans, while el...
Last line of defense takes action
Questions over potential impact on markets
Who is responsible for conservative targeting?
Shares of health-care stocks gyrated violently Thursday as Wall Street interprets a complex Supreme Court decision that ultimately keeps the vast majority of Preside...
Business strategistCarol Roth weighs in on the potential impact on businesses from today’s health-care ruling.
Kate Rogers on what the healthcare ruling could mean for small businesses
Representatives John Garamendi and Marsha Blackburn discuss the Supreme Court's decision to uphold the constitutionality of the health-care law .
Agency to take over as chief enforcer
FNC Video
Average premiums in California's new online health-insurance marketplace for consumers will not be as high as predicted by actuaries, though they will vary widely, a...
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