The Supreme Court said Monday it will announce its ruling on President Barack Obama’s health care plan on Thursday.
While the country waits, experts are examining the possible outcomes and determining what it might mean for the American people.
“What we do with this issue will affect income, national wealth and employment,” said political science professor Bill Brandon.
Brandon said the Supreme Court’s decision will say whether mandated insurance and the expansion of Medicare are constitutional.
“(If they do,) they will have to say how much of the rest of the act goes down with it,” he said.
Brandon said the Justices could use severability, which gives them the ability to cut out certain provisions while keeping other. The court could decide to keep guaranteed coverage for people with pre-existing conditions, which has not taken effect yet. Or it could save guaranteed medical coverage for dependents up to age 65, which is already in effect.
Don Murray, who has two college-aged children, said he thinks extending coverage to 26 year olds is too much.
“Maybe a year after college, but anything much after that and you are kind of carrying them,” he said.
Brandon said if the Justices toss out the entire plan, the most significant cost-cutting ideas of the past decade will be erased.
“If the act in total goes down, we have no idea what to do to control costs,” Brandon said.
Brandon added that health care accounts for 17 percent of the national income, meaning a great deal of wealth and jobs are on the line with the Supreme Court’s decision.
Others said the decision could have a big effect on the president’s chances of getting winning a second term.