September 26th, 2011 – Today the Obama administration set things in motion for the Supreme Court to rule on the constitutionality of the president’s PPACA’s health reform law by June of 2012.
The primary issue is whether it is legal for the government to require that all Americans with taxable income to have health insurance by 2012. While the insurance industry fought hard for this, the fines are so watered down that they begin at a nominal $95.
Insurance companies are concerned that some people will gamble and go without health insurance and then apply for coverage after they are sick. This would drive up insurance rates for the rest of the insured population. Of course, this gamble routinely backfires when they have an unexpected injury or need emergency treatment.
The Patient Protection and Affordable Care Act (PPACA) was signed into law by President Obama in March of 2010. The individual mandate has been fairly unpopular with conservatives and many liberals as well.