Advisors' work begins with upholding of health law
RIAs who own small businesses can now begin digesting the reality of the PPACA; today's stock market fluctuations will also measure the impact of the decision.
By Joyce Hanson|June 28, 2012 at 09:12 AM
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Now that the Supreme Court has handed down its 5-4 ruling in favor of President Obama’s health care overhaul, markets and businesses are dealing with whatever consequences may follow now that the individual insurance mandate is the law of the land.
For registered investment advisors, many of whom own small businesses, the challenge now lies in incorporating the Patient Protection and Affordable Care Act’s realities into their business operations. The Supreme Court said the landmark health care law’s mandate to buy coverage is permissible under Congress’ taxing authority. However, the court did significantly restrict the expansion of Medicaid by preventing the federal government from terminating a state’s Medicaid funds if a state declines to comply with the PPACA’s expansion of Medicaid rules.
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