financialservicesalert.com » Is Obamcare headed for the trash heap?

Is Obamcare headed for the trash heap?

by Jake Simms
Posted in: Compliance/Legislation, In this week's e-newletter, Latest News & Views

The Supreme Court won’t issue its final ruling on Obamacare until June, but some court-watchers think they know where it’s headed.

Count on the Court striking down the individual mandate (and possibly the whole ball of wax) by a 5-4 vote.

Reason: A 2004 study shows that Supreme Court justices ask more questions and interrupt the lawyer (for one side) when they favor the other side.

Before the hearings started, most legal experts predicted the four Democrat-appointed justices would support Obamacare – particularly the individual mandate – while four of the five Republican-appointed justices would strike it down. The wild card would be Justice Anthony Kennedy.

On the day the court heard arguments on the individual mandate, Kennedy came roaring out of the gates with multiple questions for the Solicitor General representing the federal government. Kennedy questioned the limits of the Commerce Clause and whether the government could theoretically make people buy anything, if Obamcare stands.

Reading the tea leaves, it appears President Obama’s signature achievement is in deep trouble. At least one group – insurance brokers hurting for business – would welcome the end of Obamacare.

Should the Supreme Court nix Obamacare? Let us know below.

 

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