Some curious headlines flashing on Bloomberg: a Virginia judge has just found that the Obama healthcare law is unconstitutional, and that Congress has exceeded its authority with its requirement that individuals should buy insurance. Also, the judge apparently wants portions of the law overturned, specfically the "individual mandate" provision of the Obama health care law. --- known legally as Sec. 1501. Good thing Obama is a constitutional lawyer and can explain to the judge why he is so very wrong. In the meantime, expect a Supreme Court appeal, and possibly delays to the US debt hitting $1 quadrillion.
A key quote from the Judge:
"At its core this dispute is not simply about regulating the business of insurance ...its about an individual's right to participate"
And some more from Reuters:
A judge in Virginia on Monday invalidated a key part of the landmark healthcare law that requires individuals to buy health insurance, the first major setback for President Barack Obama on an issue that will likely end up at the Supreme Court.
U.S. District Judge Henry Hudson, appointed to the bench by President George W. Bush in 2002, backed arguments by the state of Virginia that Congress exceeded its authority by requiring that individuals buy health insurance or face a fine.
The decision is the first finding against the law that was passed in March and aimed at overhauling the $2.5 trillion U.S. healthcare system. Judges in other states have rejected other challenges to the law.