The U.S. Supreme Court today upheld the individual mandate requiring Americans to buy health insurance or pay a penalty, the integral part of President Obama's signature health care law. The mandate is permissible under Congress’s taxing authority.
The court ruled that the mandate is unconstitutional, ABC News writes, "but it can stay as part of Congress's power under a taxing clause. The court said that the government will be allowed to tax people for not having health insurance."
The Washington Post calls this decision "a major victory for the White House less than five months before the November elections."
Chief Justice John Roberts, appointed by former President George W. Bush, was the deciding vote in the landmark 5-4 decision.
President Obama has called his health care law "the right thing to do," while Mitt Romney had promised to repeal "ObamaCare" as soon as he became president, despite championing remarkably similar legislation as the governor of Massachusetts, ABC News points out.
Confused Americans might finally see some clarity on this issue. The ruling "creates some certainty surrounding federal health care policy, allowing federal and state rulemakers to, for now, implement the law," CBS News writes.
The full text of the Supreme court decision can be read here.
“The president’s health care law is hurting our economy by driving up health costs and making it harder for small businesses to hire,” House Speaker John A. Boehner (R-Ohio) said in a written statement Thursday. “Today’s ruling underscores the urgency of repealing this harmful law in its entirety.
This is breaking news and will be updated throughout the day.