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Stephen Colbert offers possible (???) Supreme Court health care rulings

June 27, 2012

Are you ready for tomorrow's big health care act ruling?

One Senate candidate is prepared. Richard Mourdock recorded three responses, planning to post the one that fit what the Supreme Court decides on the insurance purchase mandate portion of President Obama's signature legislation, the Patient Protection and Affordable Care Act.

One problem. Someone on his staff jumped the gun and Mourdock's "healthcare is unconstitutional" video hit the Internet early.

That gave faux conservative Stephen Colbert an idea, always a dangerous, and hilarious, thing. Check out the Comedy Central funny man's own health care ruling "presponses."

The Colbert Report Mon – Thurs 11:30pm / 10:30c

Colbert News Alert – Obamacare Supreme Court Ruling – Richard Mourdock's Responses

www.colbertnation.com


Colbert Report Full Episodes Political Humor & Satire Blog Video Archive

While it was unfortunate (and embarrassing) for Mourdock that his pretaped responses were posted early, the idea was sound. It was the execution that failed.

Possible rulings: And Mourdock and Colbert are correct that the court could rule in a number of ways.

Legal eagles say the court will take one of five decision routes:

  1. Uphold the full health care act.
  2. Throw out the entire law.
  3. Overturn only the mandate requiring individuals buy health insurance.
  4. Overturn the mandate and some other of the law's provisions.
  5. Do nothing since the individual mandate doesn't take effect until 2014.

Supreme Court watchers also expect Chief Justice John Roberts to write the majority opinion, whatever that turns out to be.

We'll find out who's right tomorrow.

In the meantime, you can refresh your memory as to what tax-related health care law provisions are already in effect, such as:

  • Employer-provided health care coverage for workers' older children;
  • Limitation of flexible spending account (FSA) reimbursements for over-the-counter medications;
  • Tanning bed excise tax; and
  • Small business health care tax credit.

If Obamacare in its entirety is declared unconstitutional, those parts of the law will no longer be in effect.

Tanning bed operators obviously will celebrate. But I know a lot of parents who last year added their kids to their current health insurance and neither the kids or moms and dads will be happy.

You also might find these items of interest:

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It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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