“In place of creating a national health system, the law bans insurance companies from denying coverage to people with pre-existing medical conditions, bars insurers from setting a dollar limit on health coverage payouts, and requires them to cover preventative care at no additional cost to consumers.
It also requires individuals to have health insurance, either through their employers or a state-sponsored exchange, or face a fine beginning in 2014. There are, however, a number of exemptions. For instance, the penalty will be waived for people with very low incomes who are members of certain religious groups, or who face insurance premiums that would exceed 8% of family income even after including employer contributions and federal subsidies.
Supporters argued the individual mandate is critical to the success of the legislation, because it expands the pool of people paying for insurance and ensures that healthy people do not opt out of having insurance until they need it.
Critics say the provision gives the government too much power over what they say should be a personal economic decision.”
Personal economic decision? The uninsured cost us taxpayers billions every year! As we’ve said before, Americans need to become more self-sufficient and stop expecting free hand outs from the government!
By taking personal responsibility, we whole heartly endorse the President’s health insurance mandate. What? I mean, we unequivocally disagree with the Court’s decision.
I’m so confused. Sell my stock!
The five biggest losers in Thursday afternoon trading:
|CVH||Coventry Health Care Inc.||32.20||-3.10|
|ALXN||Alexion Pharmaceuticals Inc.||96.50||-2.98|
And the five biggest winners:
|THC||Tenet Healthcare Corp.||5.40||8.43|
|LH||Laboratory Corp. of America Holdings||91.98||2.92|
|DGX||Quest Diagnostics Inc.||59.00||2.34|
|CAH||Cardinal Health Inc.||40.86||1.31|
NATIONAL FEDERATION OF INDEPENDENT
BUSINESS ET AL. v. SEBELIUS, SECRETARY OF
HEALTH AND HUMAN SERVICES, ET AL.
CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE ELEVENTH CIRCUIT
No. 11–393. Argued March 26, 27, 28, 2012—Decided June 28, 2012