The Supreme Court ruled this morning that the Obamacare mandate that requires almost everyone in the US to buy health insurance (or pay a penalty on tax returns) is constitutional.
What this means for you: Virtually everyone in the US will need to have health insurance, or pay a tax penalty. The tax is in effect starting 2014.
The Supreme Court’s rationale: Congress has the authority to levy taxes. Therefore, Congress has the authority to pose a tax penalty on those who do not buy health insurance.
Looks like Norwest’s bet on GoHealth was well diligenced!Follow @alexisavvy
My favorite is the number of folks that are moving to Canada in response…