IT’S A TAX! Today, in a 5-4 ruling, the SCOTUS upheld President Obama’s health care legislation. Chief Justice John Roberts authored the majority opinion finding that Congress has the authority to require everyone to have healthcare.
- Americans will have to buy health insurance or pay a penalty of 1% of their income.
- Insurers will no longer be able to deny coverage to those with preexisting conditions or charge higher premiums based on one’s gender or health.
- Employers who have more than 50 employees and don’t offer insurance will also begin to face a penalty.
- Children may stay on their parents’ healthcare plans until the age of 26.
To read the 59-pages of “poetry” – http://www.supremecourt.gov/opinions/11pdf/11-393c3a2.pdf