Supreme court weighs all-or-nothing on healthcare law
ReutersBy James Vicini and Joan Biskupic | Reuters – 2 hrs 58 mins ago
A Supreme Court decision striking down the law would be seen as a huge political and legal defeat for Obama ahead of the November 6 election, when he seeks another four-year term.
A ruling upholding the law would be a major vindication for Obama, but could make healthcare an even bigger issue in the presidential and congressional elections. Republican presidential candidates all oppose the law and could fight even harder to repeal if the court leaves in place the entire statute.
The stakes could not be higher, financially, legally and politically.
The law, which constitutes the U.S. healthcare system’s biggest overhaul in nearly 50 years, seeks to provide health insurance to more than 30 million previously uninsured Americans and to slow down soaring medical costs.
The law has wide ramifications for company costs and for the health sector, affecting insurers, drugmakers, device companies and hospitals.
The healthcare investment bank Leerink Swann said in a research note that Wednesday’s session was more important for managed care stocks and whether the individual mandate can be separated from the rest of the law.
For hospital stocks, it said the loss of expanded coverage, through the Medicaid program or through the individual mandate, would be a negative development.
Annual U.S. healthcare spending totals $2.6 trillion, about 18 percent of the annual gross domestic product. That translates to $8,402 per person every year.
…if anybody knows what “technical capitalist GENOCIDE” IS…!
…YOU CANNOT GET ANYTHING BIGGER IN A MODERN WORLD COUNTRY, than 30million un-insured humans to more than basic health care and medications…!
…it is bogus an a hoax that the government cannot pay for this…!
YOU DOUGHNUTS, GOVERNMENT MAKES AND PRINTS THE MONEY…! Capitalism is stupid…!
ANY CLOSING DOWN OF SERVICES PAID BY ANY GOVERNMENT IS BOGUS, and merely means we are making more “poor” un-employed people. Even Canada has done that recently !
Socialism of advanced Europe an England is pure logic…!
AMERICAN POPULATION, YOU ARE DODO BIRDS…!