Obamacare’s Insurance Rule Is Upheld by Supreme Court

The Supreme Court, in a landmark ruling Thursday, upheld the individual insurance requirement at the heart of President Barack Obama’s health care overhaul.

The court on Thursday handed Obama a campaign-season victory in rejecting arguments that Congress went too far in requiring most Americans to have health insurance or pay a penalty.

Chief Justice John Roberts announced the court’s judgment that allows the law to go forward with its aim of covering more than 30 million uninsured Americans.

Source: http://finance.yahoo.com

Update:  Link to the Court’s Ruling (PDF)