"A lot of this depends on congressional intent, and if a majority of the House and a majority of the Senate say that this case should be overturned, it will have a tremendous effect on the appeal".
Healthcare stocks were under pressure Monday morning after a federal judge ruled that Obamacare was unconstitutional. If the decision is upheld here it's likely headed to the Supreme Court; if it's reversed, some legal experts expect the Supreme Court to turn down the case.
It became a key issue for Manchin in part because his 2018 challenger was the state's GOP attorney general.
Joined by many other high-profile Democrats, Obama was quick to respond to the decision that the law was made unconstitutional when Republicans removed the individual mandate from the law - a law that occurred earlier this year.
Democratic house leader Nancy Pelosi spoke out against the ruling, saying "Republicans are fully responsible for this cruel decision and for the fear they have struck into millions of families across America who are now in danger of losing their health coverage".More news: Kingdom Hearts III director asks fans not to share game\'s spoilers
Durbin said that Democrats would be "happy" to sit down and talk about new health care legislation, but that "you have to look at the history", which is that the "president for two years has done everything in his power to put an end to the protections included".
Sen. Bernie Sanders (I-Vt.), whose Medicare for All bill now has 15 co-sponsors in the Senate, demanded that O'Connor's ruling be overturned to protect the millions of people who rely on the ACA, and was among those who called for the country to "move forward" from battles over healthcare access-instead prioritizing the availability of government-sponsored healthcare for every American. A spokeswoman for California Attorney General Xavier Becerra, who leads a group of states opposing the lawsuit, said that the Democratic defenders of the law were ready to challenge the ruling. "Affordability is a real problem for so many Americans who did not receive the subsidies under the Affordable Care Act ..."
USA hospital stocks are most at risk from the latest ruling, and could be down materially, according to Jefferies health-care strategist Jared Holz.
Red states filed the lawsuit after Republicans failed to replace the law legislatively past year.
Texas and an alliance of 19 states argued to the judge that they've been harmed by an increase in the number of people on state-supported insurance rolls. "And a good way to show that you're exhausted of people trying to take away your health care is to go get covered!" But she said Judge O'Connor went too far in striking its generous subsidies, vast expansion of Medicaid and other goodies. "There are things to do, but we should be working to improve the Affordable Care Act, not just throw it out and set it on fire".More news: Stats: LFC 3-1 Manchester United - the game in numbers
That view is an even more expansive dismissal of the law than the Trump administration's position in court. Many senior Republican lawmakers have said they did not plan to also strike down provisions such as pre-existing condition coverage when they repealed the law's fines for people who can afford coverage but remain uninsured.
With just one day left in the sign-up period for 2019 Obamacare coverage, the judge's ruling is unlikely to have much of an effect on those actively shopping for insurance for next year.
The case, Texas v.
The five justices who upheld the health law in 2012 in the first major case - Chief Justice John Roberts and the court's four liberals - are all still serving. United States, 1:18-cv-02849, U.S. District Court, District of Maryland (Baltimore).More news: Trump Hails Judge's Ruling Against Obamacare