This morning the Supreme Court (by a vote of 5-4) upheld the Obama administration's health care reform act, including its controversial individual mandate. This mandate requires most individuals to buy health insurance or pay a penalty. The court said this provision is valid as a tax.
The ruling is viewed as a big political victory for President Obama. GOP presidential candidate Mitt Romney renewed his pledge to repeal the bill on his pledge to repeal (on his first day in office) and replace the measure should he win the White House. So-called "Obamacare" is widely opposed, though the public feels a new remedy for health care is needed. The law is set to take effect in 2014.
Following the ruling, American Farm Bureau Federation (AFBF) President Bob Stallman issued a statement that the federation remains "concerned that mandating individuals and businesses to buy insurance will impose an expense that creates economic hardship, particularly for self-employed individuals and small businesses." Further, he noted that AFBF believes health care reform should seek to reduce costs for participants, whereas the plan deemed constitutional by the Supreme Court would increase costs.