Supreme Court rules health law may largely stand

The Supreme Court on Thursday upheld most of President Barack Obama’s health care overhaul law, saying it was authorized by Congress’s power to levy taxes. The vote was 5 to 4, with Chief Justice John G. Roberts Jr. joining the court’s four more liberal members. The ruling upheld the individual mandate requiring nearly all Americans to obtain health insurance or pay a penalty. The court did substantially limit a major piece of the law, one that expanded Medicaid, the joint federal-state program that provides health care to poor and disabled people. Seven justices agreed that Congress had exceeded its constitutional authority by coercing states into participating in the expansion by threatening them with the loss of existing federal payments. Click here to read more at the New York Times…

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