It's been just minutes since the U.S. Supreme Court issued their long awaited ruling on the Affordable Care Act, a.k.a. ObamaCare. The decision... it's constitutional. The SCOTUSblog offers the following synopsis of the decision...
In Plain English: The Affordable Care Act, including its individual mandate that virtually all Americans buy health insurance, is constitutional. There were not five votes to uphold it on the ground that Congress could use its power to regulate commerce between the states to require everyone to buy health insurance. However, five Justices agreed that the penalty that someone must pay if he refuses to buy insurance is a kind of tax that Congress can impose using its taxing power. That is all that matters. Because the mandate survives, the Court did not need to decide what other parts of the statute were constitutional, except for a provision that required states to comply with new eligibility requirements for Medicaid or risk losing their funding. On that question, the Court held that the provision is constitutional as long as states would only lose new funds if they didn't comply with the new requirements, rather than all of their funding.
Commentary, analysis, and opinion will continue throughout the coming days. Choose your news source of choice to gain more insight on the decision. Read the Justices' opinions on the Supreme Court's website