I have not been a fan of Obamacare, which I consider to be a highly inefficient form of wealth insurance. Nonetheless, had this decision gone the other way at this point we would have ended up with something worse, or ended back at “Obamacare as know it,” but only after a lot of political stupidity and also painful media coverage. So on net I take this to be good news, although arguably it is bad news that it is good news.
I found the remarks of Robert Laszlewski to be most to the point. Philip Wallach had some excellent legal and constitutional points, see also Cass Sunstein. I am very much a legal outsider, but it seems to me this does indeed rejigger something or other looking forward.
Elsewhere in the world, Schaueble does his best Scalia impression and tells us that June 30 is June 30, not July 1. Greece hasn’t exploded — yet — and everyone is wondering how much time is left on the shot clock. I’m still predicting an agreement, albeit one which will break pretty quickly.
TPP received fast track approval.
It’s been one of the best political weeks in years, although disconcertingly most of the good news has been avoiding even worse outcomes, not actual forward political progress of the kind one would like to be celebrating.