U.S. President Barack Obama and his camp won a battle today (Thursday) when the Supreme Court handed down its landmark Obamacare ruling and upheld the constitutionality of the controversial healthcare law.
Just after 10 a.m. EDT word came that the U.S. Supreme Court, in a 5-4 decision, upheld a key provision of the law that requires all individuals to have health insurance.
Starting in 2014, Obamacare, more formally known as The Protection and Affordable Care Act, is set to impose massive penalties (taxes) on young workers, small business and others who choose not to buy health insurance.
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An Investor Guide to the Supreme Court Obamacare Ruling
Investors impatiently waiting for the U.S. Supreme Court Obamacare ruling have just hours to go.
The Court is supposed to announce its decision on the Patient Protection and Affordable Care Act, or Obamacare, tomorrow (Thursday).
No matter what the ruling, there will be an immediate pronounced reaction in the markets.
This can already be seen with the movement in insurance company stocks as traders prepare for the Supreme Court action.
After rising 17.2% for 2012, UnitedHealth Group (NYSE: UNH) has fallen 5.8% in market action over the last month. Up 5.2% for 2012, WellPoint Inc. (NYSE: WLP) is down 1.7% for the past five days.
The Supreme Court will likely act in one of four ways for the sweeping healthcare overhaul that was signed into law on March 23, 2010. Let's look at how each of the four Obamacare ruling outcomes could affect the markets.
The Court is supposed to announce its decision on the Patient Protection and Affordable Care Act, or Obamacare, tomorrow (Thursday).
No matter what the ruling, there will be an immediate pronounced reaction in the markets.
This can already be seen with the movement in insurance company stocks as traders prepare for the Supreme Court action.
After rising 17.2% for 2012, UnitedHealth Group (NYSE: UNH) has fallen 5.8% in market action over the last month. Up 5.2% for 2012, WellPoint Inc. (NYSE: WLP) is down 1.7% for the past five days.
The Supreme Court will likely act in one of four ways for the sweeping healthcare overhaul that was signed into law on March 23, 2010. Let's look at how each of the four Obamacare ruling outcomes could affect the markets.
Click here to continue reading...