The U.S. Supreme Court announced today that it will decide the constitutionality Obamacare. The main issue of Obamacare is the individual mandate provision that requires all Americans to buy health insurance or be fined. This probision violates individual rights, according to opponents of the health care law.
Obamacare's consititutionality is being challenged by 26 states and the National Federation of Independent Business.
In an unprecedented move, the Court will allow five and a half hours of oral arguments. Oral arguments would probably be held in late February or March.
A ruling is expected by July 2012, which is in the midst of the presidential election. It is certain that a ruling striking down Obamacare will set off political fireworks.
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