Tag: Supreme Court

Budget cuts more risky to states than healthcare law

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To match feature USA-HEALTHCARE/TEXAS(Reuters) – When it comes to healthcare, Congressional attempts to reduce the federal budget deficit pose a greater risk to U.S. states' finances than an expansion of the insurance program for the poor known as Medicaid, Moody's Investors Service said on Tuesday. In June, the Supreme Court struck down part of the 2009 healthcare reform law compelling states to cover more people with Medicaid, and many conservative governors embraced the decision as a way to opt out of the expansion. …

WellPoint to buy Amerigroup for $4.5 billion in Medicaid play

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Angela Braly, president and chief executive officer of WellPoint Inc., speaks at the Reuters Health Summit in New YorkCHICAGO (Reuters) – Health insurer WellPoint Inc will buy rival Amerigroup Corp for $4.46 billion, nearly doubling its Medicaid business in a major bet on the expansion of the U.S. government's health plan for the poor. The companies announced the deal on Monday, just a week and a half after the U.S. Supreme Court upheld President Barack Obama's healthcare law, which aims to extend coverage to more than 30 million uninsured Americans. Sources familiar with the deal said the high court decision helped serve as a catalyst to negotiations that took place over several months. …

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Supreme Court upholds Obama’s healthcare law

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Religious leaders pray over a copy of the verdict on Obama's healthcare overhaul law in WashingtonWASHINGTON (Reuters) – The Supreme Court upheld President Barack Obama's healthcare law on Thursday in an election-year triumph for him and fellow Democrats who championed the most sweeping overhaul since the 1960s of the unwieldy U.S. healthcare system. In a 5-4 ruling based on the power of Congress to impose taxes, the nation's highest court preserved the law's "individual mandate" requiring that most Americans obtain health insurance by 2014 or pay a tax. The justices also preserved, with some changes, a provision of the law expanding the Medicaid health insurance program for the poor. …

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Analysis: Why Roberts saved Obama’s healthcare law

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Justice Kagan talks to Chief Justice of the United States Roberts outside the Supreme Court following her formal investiture ceremony in WashingtonWASHINGTON (Reuters) – In the end, it all came down to Chief Justice John Roberts, the sphinx in the center chair, who in a stunning decision wove together competing rationales to uphold President Barack Obama's healthcare plan. Roberts' action instantly upended the conventional wisdom that he would vote with his four fellow conservative justices on the U.S. Supreme Court and undercut the agenda of a Democratic president, who as a senator in 2005 had opposed Roberts' appointment to the bench. …

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