Texas Insider Report: WASHINGTON D.C. This day will go down in history as the day when Americans lost a part of their freedom - the freedom to choose what they want to buy with their own money" said Karen Harned executive director of NFIBs Small Business Legal Center. The Supreme Courts ruling produced a mixed reaction on Wall Street with many hospital stocks going up in price. But insurers did not do so well.
The NFIB was among a number of business groups including the U.S. Chamber of Commerce National Association of Manufacturers and Americans for Tax Reform that criticized the ruling.
While we respect the courts decision todays Supreme Court ruling does not change the reality that the health care law is fundamentaly flawed. . . Left unchanged it will cost many Americans their employer-based health insurance undermine job creation and raise health care costs for all." -- Thomas Donohue U.S. Chamber of Commerce
The small business lobby that helped spearhead the legal challenge to President Obamas health-care law expressed sharp disappointment Thursday over the Supreme Courts rejection of their case.
Officials of the National Federation of Independent Business predicted the court ruling will lead to massive job loss and closed businesses as the national health plan is rolled out. Most of the provisions will be implemented by 2014.
The NFIB in a statement called the presidents plan a tax on all Americans" that amounts to a broken campaign promise" from the Obama administration not to raise taxes. The court ruling by Chief Justice John G. Roberts Jr. relied heavily on the governments taxation powers in allowing the law to stand.
The power and control of health care decisions should be in the hands of the consumer not the government" said Dan Danner president and CEO of NFIB.
We are concerned about the precedent that this will set in Congress ability to mandate other aspects of our lives but we will move forward from today to continue to fight harder than ever for real health care reform for our membership" he added.
In its 5-4 decision the Supreme Court upheld the individual mandate the most controversial aspect of the Affordable Care Act which requires all Americans to buy health care.
HCA Holdings the largest private-owned hospital closed at $29.47 up $2.86. Community Health Systems another hospital was up $2.05 or 8 percent as were Tenet Healthcare (up 5.4 percent) and Health Management Associates (up 8.8 percent).
Aetna was down 2.7 percent to $39.85 while WellPoint dropped 5.1 percent to $65.90.
Thomas Donohue president and CEO at the U.S. Chamber of Commerce said the health care law will deliver a big blow to the economy.
While we respect the courts decision todays Supreme Court ruling does not change the reality that the health care law is fundamentaly flawed" he said. Left unchanged it will cost many Americans their employer-based health insurance undermine job creation and raise health care costs for all."
The National Association of Manufacturers meanwhile contends the new health care plan will raise costs on employers.
Since the beginning of the health care debate manufacturers have consistently made it clear that lowering costs should be the central focus of any health care reform effort" said Jay Timmons president and CEO of NAM.
Texas Insider Report: WASHINGTON D.C. This day will go down in history as the day when Americans lost a part of their freedom - the freedom to choose what they want to buy with their own money" said Karen Harned executive director of NFIBs Small Business Legal Center. The Supreme Courts ruling produced a mixed reaction on Wall Street with many hospital stocks going up in price. But insurers did not do so well.
The NFIB was among a number of business groups including the U.S. Chamber of Commerce National Association of Manufacturers and Americans for Tax Reform that criticized the ruling.
While we respect the courts decision todays Supreme Court ruling does not change the reality that the health care law is fundamentaly flawed. . . Left unchanged it will cost many Americans their employer-based health insurance undermine job creation and raise health care costs for all." -- Thomas Donohue U.S. Chamber of Commerce
The small business lobby that helped spearhead the legal challenge to President Obamas health-care law expressed sharp disappointment Thursday over the Supreme Courts rejection of their case.
Officials of the National Federation of Independent Business predicted the court ruling will lead to massive job loss and closed businesses as the national health plan is rolled out. Most of the provisions will be implemented by 2014.
The NFIB in a statement called the presidents plan a tax on all Americans" that amounts to a broken campaign promise" from the Obama administration not to raise taxes. The court ruling by Chief Justice John G. Roberts Jr. relied heavily on the governments taxation powers in allowing the law to stand.
The power and control of health care decisions should be in the hands of the consumer not the government" said Dan Danner president and CEO of NFIB.
We are concerned about the precedent that this will set in Congress ability to mandate other aspects of our lives but we will move forward from today to continue to fight harder than ever for real health care reform for our membership" he added.
In its 5-4 decision the Supreme Court upheld the individual mandate the most controversial aspect of the Affordable Care Act which requires all Americans to buy health care.
HCA Holdings the largest private-owned hospital closed at $29.47 up $2.86. Community Health Systems another hospital was up $2.05 or 8 percent as were Tenet Healthcare (up 5.4 percent) and Health Management Associates (up 8.8 percent).
Aetna was down 2.7 percent to $39.85 while WellPoint dropped 5.1 percent to $65.90.
Thomas Donohue president and CEO at the U.S. Chamber of Commerce said the health care law will deliver a big blow to the economy.
While we respect the courts decision todays Supreme Court ruling does not change the reality that the health care law is fundamentaly flawed" he said. Left unchanged it will cost many Americans their employer-based health insurance undermine job creation and raise health care costs for all."
The National Association of Manufacturers meanwhile contends the new health care plan will raise costs on employers.
Since the beginning of the health care debate manufacturers have consistently made it clear that lowering costs should be the central focus of any health care reform effort" said Jay Timmons president and CEO of NAM.
