Obamacare-Related Stocks Plunge After Judge Rules ACA Unconstitutional


President Donald Trump termed the ruling "a big big victory by a highly respected judge" and an alternative path to the long-time Republican goal of repeal-and-replace.

"A confirming Supreme Court Decision will lead to GREAT HealthCare results", he said.

He also said Democrats are trying to give the Department of Homeland Security what they need, including putting $1.3 billion on the table for "barriers", though he noted that the "barriers" are defined in such a way "so we aren't building some medieval wall". Trump on Saturday said he welcomed talks with Democrats, but as a practical matter, nothing will happen in Congress until after Democrats take over the House on January 3. The Senate will remain in Republican hands. The video of his comments just recently surfaced ahead of the second open enrollment period for Obamacare at Healthcare.gov.

"We should be working to improve the Affordable Care Act, not just throw it out and set it on fire", she said.

If the defenders of the ACA continue their fight, the case will be heard by the 5th Circuit Court of Appeals, likely at some point in 2019.

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The appeals process is expected to take some time, potentially as long as two years. She said the waivers Abbott referenced state could be used to could pay claims for these people but warned this program could end if Obamacare is struck down.

Former President Barack Obama posted messages on social media about his signature law - encouraging Americans to enroll by Sunday's open enrollment deadline, despite the ruling.

He then continues by using his judicial position to attempt to change the policies upheld by Congress, arguing that lawmakers fundamentally superseded their authority by implementing the individual mandate, later repealed by the Tax Cuts and Jobs Act of 2017 (TCJA).

Companies with big footprints in Obamacare's expanded markets saw their shares drop Monday, the first trading day after a federal judge ruled the 2010 health care law as unconstitutional. Nonetheless, stakeholders may begin thinking about the possible effects in 2020 or 2021 of a possible ruling limited to the insurance reform portions of the law. And, if that appeals court says no, the states favoring the law can take that request to the Supreme Court.

Two days after the November 6 U.S. congressional elections, a Reuters/Ipsos national opinion poll found that healthcare was the top issue Americans wanted the U.S. Congress to address. He sided with Republican plaintiffs in 20 states who argued that the entire ACA was rendered invalid when Congress zeroed out the financial penalties tied to the individual mandate.

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"Judge O'Connor's opinion was legally indefensible from start to finish", Laurence Tribe, a professor at Harvard Law School, told Salon by email.

Another dimension of the controversial case is the fact that Judge O'Connor is widely perceived as a partisan judge, raising questions about his reasoning for deciding that Obamacare must be overturned.

The Texas judge was not constrained by these recommendations and concluded that the penalty's elimination had a much more profound impact, the effect of which could a host of other health coverage issues, including Medicaid expansion; annual and lifetime coverage limits; the employer coverage mandate; federal health care reimbursement rates for hospitals; coverage for adults up to age 26 under their parents' plan; and caps on out-of-pocket costs.

He said the U.S. Supreme Court's conservative wing has been skeptical in the past of striking down entire laws because of a single problematic provision, and at least a bare majority of five justices would likely agree that O'Connor was wrong.

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