Update 3, 10:29 am ET: The chief justice ruled that ObamaCare is unconstitutional under the commerce clause, but the court justified the law under the tax clause. This means ObamaCare is justified as a tax. So Uncle Sam will get more of our money.
We will all be forced to purchase health insurance just as we are required to buy car insurance. Those who choose not to purchase health insurance under the law will be taxed $695 or 2.5% of your income, whichever is greater.
The IRS will have to hire a lot more people to enforce the law.
If you lose your job, you will still be required to buy health insurance just as you are required to pay your car insurance.
The United States is now a socialist country.
Update II, 10:18 am ET
There is a lot of confusion, but CNN now reports that Chief Justice John Roberts has ruled that the individual mandate has been upheld.
Update: CNN reports the SUpreme Court has just ruled the individual mandate within the controversial ObamaCare health care law is unconstitutional!! Developing...
Originally posted @ 9:13 p.m.
We are just moments away from the Supreme court's historic decision on Obamacare's individual mandate. If the justices strike down the mandate as unconstitutional (as legal analysts say they will) Americans won't be forced to purchase expensive insurance that many can't afford.
If the justices uphold the controversial mandate the only winners will be insurance companies which stand to make a lucrative windfall from millions of new customers.
The U.S. will be one step closer to a socialist country If the mandate is upheld by the Supreme Court.
Americans who refuse to buy insurance will be forced to pay $695 in penalties or the government will take a percentage of their incomes.
The mandate is a key provision in the so-called "affordable" universal healthcare act enacted by President Barack Obama in 2010.
In 2007, while running for president, Obama slammed the individual mandate when it was proposed by then-candidate Hillary Clinton. He flip-flopped on the issue just 3 years later.
The justices are expected to announce their decision around 10 a.m. President Obama plans to speak on the decision sometime today.
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