Healthcare Law's Fate Now In Supreme Court's Hands - CNBC: "At the heart of the legal battle is whether Congress overstepped its powers by requiring that all Americans buy health insurance by 2014 or pay a penalty, a provision known as the individual mandate.
The law, aiming to provide more than 30 million uninsured Americans with medical coverage, has wide ramifications for company costs and for the health sector, affecting health insurers, drugmakers, device companies and hospitals.
The law, Obama's signature domestic achievement, will be a major issue in the U.S. elections in November 2012 as he seeks another four-year term. Republican presidential candidates oppose the law and Republicans in Congress want to repeal it.
A Supreme Court spokeswoman said oral arguments would take place in March. There will be a total of 5-1/2 hours of arguments."
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