Small Business Reacts to Obamacare Ruling (Update 1)
(Small business, Supreme Court health care ruling story updated for comment from business owners)
NEW YORK (TheStreet) -- Although Thursday's Supreme Court decision to uphold President Obama's health care law was somewhat surprising -- and led to outcry from some groups representing business owners -- small businesses by and large are resigned to the law and preparing to move ahead with the required health care changes.
The controversial Patient Protection and Affordable Care Act of 2010 brought before the U.S. Supreme Court by 26 states and several advocacy groups was upheld in a ruling announced Thursday morning.
The court ruled that the law's individual mandate survived as a tax. The Medicaid provision was limited but not invalidated.