June 28, 2012

Obamacare Countdown

Apparently at 10 a.m. the Supreme Court is going to release it's decision on Obamacare.  I'm going to be in a meeting at work and I'll be unable to find out what happened until after 11 a.m.  However, I haven't divulged what I think the decision is going to be.  I'd like to get on record before the fact with my best guess. My instinct is in line with InTrade that the individual mandate will be overturned.  I'm much less certain but still hopeful that the mandate on businesses will be overturned as well, but if that happens the whole severability issue gets brought into the mix and the entire Act may get thrown out.  It's not likely but possible.

The mandate therefore in my best guess, is all that gets tossed and then chaos will ensue.  It might lead Obama to double down on Single Payer as an election issue, which is probably going to be the plan under any scenario other than the law being upheld entirely.

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