Market Currents
More on the Supreme Court healthcare opinion: The court reinforces that individuals can simply...
-
Thursday, June 28, 2012, 10:21 AM ETMore on the Supreme Court healthcare opinion: The court reinforces that individuals can simply refuse to comply with the mandate, and pay the tax. The Supreme Court's live blog is here.
Other date
Latest Articles
This news story has 30 comments:
Is the SCOTUS now writing Congressional legislation as they wish it were?
In essence, if the court wants to invent the idea that this was 'a tax', it is not in their jurisdiction. They should throw the law back to Congress to rewrite it as 'a tax'.
These cretins do not even understand their own function of the court.
"The Affordable Car Insurance Act": insure your car or face a tax penalty.
"The Affordable Veggies Act": you must eat veggies every day or face a tax penalty.
"The Affordable TV subscription Act": you must subscribe to pay TV to watch Congress in action or face a tax penalty.
And the best of all:
"The Affordable Everything Act": you must spend all the money you have or face a tax penalty!
Vote for certain individuals or pay a tax.
The thief uses this same sort of logic. "Your money or your life." How fitting in a looter political system.
FDR, then LBJ and now Obama.
Long live the State!
The first president to officially pit American against american.
Employers who currently offer none will obviously be hit the hardest, and will definitely not offer it now that it costs more.
I would say that the real loser here is the employee, as this new "tax" is regressive. The less your company currently offers in benefits, the more you will now have to pay.
Maybe not. If unemployment is high, the pressure on compensation is weak. With lots of unemployment, the employer may just be able to drop the coverage and not have to adjust wages because there are plenty of people lined up to take the job.
"The Emergency Medical Treatment and Active Labor Act (EMTALA)[1] is a U.S. Act of Congress passed in 1986 as part of the Consolidated Omnibus Budget Reconciliation Act (COBRA). It requires hospitals to provide care to anyone needing emergency healthcare treatment regardless of citizenship, legal status or ability to pay. There are no reimbursement provisions. Participating hospitals may only transfer or discharge patients needing emergency treatment under their own informed consent, after stabilization, or when their condition requires transfer to a hospital better equipped to administer the treatment."
Thanks to this, all hospital users paid a tax to subsidize the uninsured. Let me see, who was president in 1986?........... oh yeah... Reagan. To Reagan's credit, in those days it was most likely seen as the Christian thing to do.
So does using a ER as the doctor of last resort sound like a wise use of healthcare $'s?
Think about it...and now people are saying the NINJA(no income, no job and no assets) generation is lazy. Its amazing.