Inside the Supreme Court Health-Care Decision
Published: Thursday, 21 Jun 2012 | 11:18 AM ET
By: Bill Murphy, Jr., INC
Medical care accounts for 18 percent of the U.S. gross domestic product — and it is taking up at least as much of the mindshare of plenty of American entrepreneurs and business owners.
At this very moment, the economic basis of the entire health-care system is up in the air, as a result of the imminent U.S. Supreme Court opinion in the health care reform law cases. Court observers expect the decision any day now, and most likely before the end of June.
“This is going to be one of the biggest decisions to come down in our lifetime,” said Robert Litan, vice president for research and policy at the Kauffman Foundation. “The economic impact could be tremendous.”
For American entrepreneurs and employees so far, the waiting has been the hardest part. That’s because the decision is likely to have so many ramifications and third-order effects that it’s nearly impossible for business owners to forecast all the possible outcomes.