The Supreme Court upheld the constitutionality of the Obama administration’s Affordable Care Act. The decision was five to four, with Chief Justice John Roberts voting with four of the court’s more liberal justices. Their ruling found that the law’s controversial “individual mandate” clause, which requires individuals to buy health insurance or pay a fee, is constitutional. The administration called the fee a “penalty,” but the court said today that the fee is not a penalty, which would be unconstitutional, but rather a “tax,” which is constitutional. Wall Street estimated the decision would help hospital companies and insurance companies that focus on Medicaid.
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