The supreme court today upheld the constitutionality of Obamacare, under the power of the Federal Government to tax.
I think this is a HUGE win for the president. Folks over at Althouse's blog though are saying that it is not, that taxes are unpopular and so this will be a political negative for Obama. Yet very few people will end up being taxed. If you have health insurance, you won't pay the tax. If you are one of the 50% of Americans who pay no taxes, or pay negative taxes, I'm sure you won't be paying the tax either. No politician will go along with a "tax on poverty." Credits and deductions will be used to negate the penalty.
Insurance rates will skyrocket. People who have no insurance now won't buy it until they get sick. They won't pay the tax either. The cost will have to be passed on to the people who do buy insurance before they get sick, i.e. essentially the 50% who pay taxes.