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Breaking: Supreme Court to Take up Obamacare Challenge by March

The Supreme Court has announced today that it will hear the challenge to President Obama’s signature health care reform law. The Court is expected to hear oral arguments in February or March, with a decision given by June of next year.

A key issue of the challenge, brought by 26 states, is that of the individual mandate in the new health care law, which requires nearly all Americans to purchase health insurance by 2014 or receive penalties. Many economists, as well as states, have strongly suggested that the law cannot stand without the individual mandate.

As the oral arguments are heard at the same time the presidential race heats up, it will be interesting to see how Republican candidate and former Massachusetts Governor, Mitt Romney, who supported an individual mandate in his state’s health insurance reform plan, distances himself from the mandate on the federal level. Mr. Romney has said that, if elected President, he would repeal Obamacare.


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