Thursday, President Obama's health care law upheld by Supreme Court with 5-4 votes. Looks likes Obama win a major election-year.
After the decision was made, Obama said on his remarks "I know there will be a lot of discussion today about the politics of all this, about who won and who lost. That's how these things tend to be viewed here in Washington. But that discussion completely misses the point. Whatever the politics, today's decision was a 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".
Millions of Americans will benefit to this law. Obama guaranteed that the law will make it more secure and more affordable.
"Insurance companies can no longer impose lifetime limits on the amount of care you receive. They can no longer discriminate against children with preexisting conditions. They can no longer drop your coverage if you get sick. They can no longer jack up your premiums without reason. They are required to provide free preventive care like check-ups and mammograms -- a provision that's already helped 54 million Americans with private insurance. And by this August, nearly 13 million of you will receive a rebate from your insurance company because it spent too much on things like administrative costs and CEO bonuses, and not enough on your health care", Obama said in a statement.
Obama was right. Upholding his health care law will impact the November election. This is good for him not for Gov.calling it too expensive, too much government, and too much of burden for job creators.
"Obamacare was bad policy yesterday," Romney said. "It's bad policy today. If we want to replace Obamacare, we need to replace Obama.."
Quinnipia assistant director Peter A. Brown said "you can hear the sigh of relief at the White House" over a big win for Obama.
"It allows the president's signature achievement to stand," Brown said. "Since politics is the ultimate zero-sum game, what's good for Obama is bad for Gov. Mitt Romney."
Defeating Obama is Mitt Romney's goal in November presidential election to get rid of this law. Will he make or he is just wasting his time?
Mitt Romney is planning to repeal the health-care law if elected president. He called the decision incorrect and said Thursday that it is "bad law." He says it raises taxes and cuts Medicare.
Is it because of Medicare surtax? Starting in 2013, many individuals making more than $200,000 a year ($250,000 if married) will start paying more into Medicare.
Starting next year, high-income individuals will pay another 0.9 percentage points on their earned income over $200,000 ($250,000 if married). That's on top of the 1.45% they currently pay on all of their wages.
“We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much” --