11:51
|
Matt:
“Stocks
are reacting very much as analysts predicted in the event that the law
was upheld. Hospital stocks such as HCA (up 8%) and LifePoint (up 4%)
are rising because the law is likely to result in increases in volume
for their businesses without added costs. Matthew Harper at Forbes http://www.forbes.com/sites/matthewherper/2012/06/28/obamacare-question-for-stocks-do-you-prefer-the-devil-you-know/  |
11:52
|
Matt:
"Insurers
such as Wellpoint and Cigna (down 4% and 5% respectively) are dropping
because the law is likely to crimp their profit margins." |
11:53
|
Matt:
Mitt Romney has begun speaking |
11:54
|
Matt:
Romney:
"What the Court did today was say that Obama care did not violate the
Constitution. They did not say that it is good law or good policy" |
11:56
|
Matt:
Romney:
"This is now a time for the American People to make a choice. You can
choose whether to have a larger and larger government making intrusions
into your life... Or whether instead you want to return to a time where
Americans have their own choice in health care." |
11:57
|
Matt:
Romney: "If we want to get rid of Obama care, we are going to have to replace President Obama" |
11:57
|
Kali:
Here again is the link to the great Bloomberg Health Live Blog: http://go.bloomberg.com/health-care-supreme-court/2012-06-28/live-blog-health-care-cases-decision-day/ |
11:59
|
Matt:
Romney has finished his statement. (I was typing as he was speaking, so they may not be perfect quotes) |
12:01
|
Matt:
There
is also coverage on the other decision today (though considerably
less). Here is Tom Curry at MSNBC on Alvarez and the Court’s striking
down of the Stolen Valor Act. http://nbcpolitics.msnbc.msn.com/_news/2012/06/28/12457855-scotus-strikes-down-stolen-valor-act?lite |
12:02
|
Kali:
Adam Winkler from UCLA has just posted this commentary for us: http://www.scotusblog.com/2012/06/the-roberts-court-is-born/ |
12:02
|
Kali:
Adam
says, "With this deft ruling, Roberts avoided what was certain to be a
cascade of criticism of the high court. No Supreme Court has struck down
a president’s signature piece of legislation in over 75 years. Had
Obamacare been voided, it would have inevitably led to charges of
aggressive judicial activism. Roberts peered over the abyss and decided
he didn’t want to go there." |
12:04
|
Matt:
Jeff
Toobin live on CNN: "This is a day for Don Verrilli to take an enormous
amount of credit, and for me to eat a bit of crow - because he won, and
everyone should know that that argument was a winning argument,
whatever you thought on it. |
12:06
|
Matt:
More
on Alvarez for those asking: " 'The Veterans of Foreign Wars of the
U.S. is greatly disappointed,' the organization’s commander in chief,
Richard L. Denoyer, said in a statement. 'Despite the ruling, the VFW
will continue to challenge far-fetched stories, and to publicize these
false heroes to the broadest extent possible as a deterrent to others.' "
Robert Barnes and Michael Ruane at the Washington Post http://www.washingtonpost.com/local/supreme-court-rules-that-lying-about-military-medals-protected-by-constitution/2012/06/28/gJQAllBD9V_story.html |
12:07
|
Kali:
Richard Epstein at NYU has a post for us as well. "Taxation and Regulation Under the Health Care Act" |
12:07
|
Kali:
He
writes: In the section of his opinion that deals with the Commerce
Power, the Chief Justice accepts the view that Congress cannot regulate
individuals unless and until they engage in some form of economic
activity. He therefore accepts in full the arguments against the
expanded reading of the Commerce Clause that were made by conservative
commentators. He did so, as is his habit, without stopping a moment to
analyze the enormous expansion in federal power that was ratified in
Wickard v. Filburn, which authorized Congress to regulate under the
Commerce Clause of the amount of wheat that a farmer could produce for
home consumption. Big government, we shall have, but not that big, after
all. |
12:09
|
Matt:
Lauren Grush at Fox News: Individual mandate upheld: What does that mean for you and your health? http://www.foxnews.com/health/2012/06/28/individual-mandate-upheld-what-does-that-mean-for-and-your-health |
12:09
|
Kali:
Read the rest of that post here: http://www.scotusblog.com/2012/06/taxation-and-regulation-under-the-health-care-act/ |
12:09
|
Kali:
Tejinder has posted on the Anti-Injunctions Act here: http://www.scotusblog.com/2012/06/sometimes-labels-matter-why-the-anti-injunction-act-didnt-preclude-judicial-consideration-of-the-individual-mandate/ |
12:11
|
Matt:
Bryce
Covert at Forbes writes, “Women in particular should pop the champagne
and celebrate. Of those millions of uninsured, 19 million are women.” http://www.forbes.com/sites/brycecovert/2012/06/28/obamacare-decision-why-women-are-the-big-winners-health-care-supreme-court/ |
12:13
|
Matt:
President Obama is expected to begin speaking at 12:15PM EST |
12:15
|
Matt:
Speaker
of the House John Boehner tweets: “House Republicans remain committed
to #FullRepeal of the president’s health care law and all its tax
hikes, fees and mandates” https://twitter.com/johnboehner/ |
12:16
|
Kali:
For those of you waiting to know what the Court said, "In Plain English," Amy Howe has you covered: http://www.scotusblog.com/2012/06/the-mandate-is-constitutional-in-plain-english/ |
12:16
|
Kali:
For those of you waiting to know what the Court said, "In Plain English," Amy Howe has you covered: http://www.scotusblog.com/2012/06/the-mandate-is-constitutional-in-plain-english/ |
12:16
|
Matt:
President Obama has begun speaking. Thanks to the commenter who sent me a link to the live feed: http://www.whitehouse.gov/live/president-obama-speaks-health-care |
12:17
|
Matt:
Obama:
Whatever the politics, today's decision was victory for people all over
this country whose lives will be more secure because of this law and
the Supreme Court's decision to uphold it. |
12:18
|
Matt:
President Obama is now discussing "what it means for you." |
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