The Patient Protection and Affordable Care Act (PPACA), informally referred to as Obamacare, 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 ...
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