Proving once again that you’re best served ignoring any predictions we make here on Double Taxation, the Supreme Court defied expectations today and voted by a 5-4 margin to uphold the individual insurance mandate in the Patient Protection and Affordable Care Act as constitutional. Conservative Chief Justice John Roberts voted in support of the mandate, joining the four liberal justices to provide the needed majority.
As far as whether everything in the Act stands, we’ll have to parse through the 193-page decision before we can comment on that. Should make for a fun Thursday night.
Great article, insurance is something that it seems more and more people are overlooking with the economy looking rough, but is definitely something that can provide you some reassurance. I’ve never heard of income insurance and with the instability of the job market today, it is worth looking into for sure.