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Detailed text transcripts for TV channel - FOXNEWS - 20120628:23:03:00

Until they turn 26. also a ban on lifetime limits for coverage. and insurance c cannot deny coverage to children based on preexisting conditions. that rule will eventually apply everyone to. in the years ahead, we will see the creation of state insurance exchanges that will let people shop around for insurance plans. dr. there will be a ban on annual coverage limits and requirements that businesses that employ more than 50 workers offer healthcare coverage or pay a fine. then there is that individual mandate it begins in the year 2014. reaction to today s ruling came quickly and as you might imagine, it was sharply divided all along party lines. the highest court in the land has now spoken. we will continue to implement this law. and we will work together to improve on it where we can. shepard: the president says he knows people are going to spend time talking about the politics of this, who won and who lost. that s how these things tend to be viewed here in washington. but that ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120628:23:32:00

Analyst judge andrew napolitano live outside the supreme court. you know, there may have been plenty of people who thought this law was going to live in one way or another. but i didn t hear too many predicting it would come down this way. no. shep. and i confess that i was wrong as were many of the people with whom you and i associate and discuss these things. this was a bizarre and unique combination of a conservative chief justice and the four liberals finding a way to have the law held as constitutional that even the law and even those who wrote it didn t say. who would have thought that this whole big 2700 page statute was really a tax, not a regulation of commerce. not a regulation of medicine, not a regulation of healthcare, but a tax on people? because congress power it regulate is limited. but congress power to tax is virtually unlimited. and the chief justice and the majority of this court articulated and underscored that today. shepard: you know, look back to bush v. g ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120628:23:34:00

This law was gone. sure. i mean the dissenters unanimously, i mean no disagreement among them. justices ask a lee a kennedy, thomas and alito said the entire statute is unconstitutional. shep, they didn t even reach this issue of whether this is a tax. they just reached the issue that this is a private human behavior that the constitution doesn t authorize the congress to regular regulate under their view of the constitution end of the story. shepard: i thought it interesting before we go here, judge, that the chief justice said this is not mine to block it s mine to make work if i can. you played a great tape of him a few minutes ago saying going to going to be umpire not throw the pitches or catch the ball. his job is to find a way to make this constitutional. even if it s a narrow way and he did. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120628:23:52:00

Supporters say the law will eventually lower premiums and help all those now not covered. anybody who tells us that health reform is unaffordable is smoking something. because one the hearts of health reform is to make our system a lot more efficient and effective. and when you make it more efficient and effective, it helps to bring premiums down. some estimates say if the law it h. been tossed out, insurance rates would have gone up ivan more. one thing did go down today. most insurance companies stocks. investors are worried about the law s added costs. shep? shepard: eric shawn in new york city. in a separate ruling today the supreme court struck down a federal law ha that had made it a rhyme crime to law about receiving military honors. about this man who claimed he won the congressional medal of honor. the court fined him 5,000 bucks and sentenced him to community service under the so-called stolen valor act. in a 6 to 3 vote the justices ruled that the 2006 law, the ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120628:23:07:00

Created a federal government of limited powers and assigned to this court of duty of enforcing those limits of the court does so today. they reigned in congress when it came to the commerce clause but said taxing power allows you to do what you have done in this healthcare law. shepard: the court ruled on massive expansion of medicaid. give us the details of that please. interesting. 26 states had sued. challenging the law as a whole. put millions of new people on to state medicaid rules under the it healthcare law. they couldn t afford it and law became a threat that the secretary of human services could scrap all of the existing money any didn t take the new people on to the roles that medicaid expansion can move forward. here is the caveat from the chief justice writing quote what congress is not free to do choose states not participate in new program by taking away their existing medicaid funding. some folks asked will the states say they won t participate since there is no thr ....

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