After the Supreme Court Ruling: The Reckoning for Health Care Costs
July 16, 2012
Now that the Supreme Court has upheld the new health care law, it is time to turn our attention to the looming health care cost crisis. Even before the Affordable Care Act (ACA), America spent 16% of its GDP -- twice that of the average OECD country -- on healthcare. Half that spending was by the government.
Geoffrey R. Stone, a University of Chicago Law School professor, called the recent U.S. Supreme Court's health-care ruling troubling because five justices held that President Barack Obama's individual insurance mandate lacks standing under the Commerce Clause.