Top Dem moments of 2012: Obamacare survives Supreme Court test

Updated
By msnbc staff
This official White House photograph shows US President Barack Obama (R) retaking the oath of office from Chief Justice John Roberts (L)  January 21, 2009 in...
This official White House photograph shows US President Barack Obama (R) retaking the oath of office from Chief Justice John Roberts (L) January 21, 2009 in...
Pete Souza/AFP/Getty Images

What was once a coined as a derogatory term describing the overreach of a “socialist” agenda is now one of endearment that has granted universal health care to millions of Americans. “Obamacare,” President Obama’s signature piece of legislation of his first term, survived the Supreme Court test this June, after facing challenges to the heart of the of the act’s individual mandate requiring Americans to buy health insurance, or suffer a penalty.

The Court upheld the 2010 Affordable Care Act in a 5-4 decision, with Chief Justice John Roberts handing down the majority decision, framing the act’s individual mandate as a tax.

The Court’s ruling “reaffirmed a fundamental principle: that here in America, in the wealthiest nation on earth, no illness or accident should lead to any family’s financial ruin,” Obama said following the decision. “Today’s decision was a victory for people all over this country, whose lives will be more secure because of this law and the Supreme Court’s decision to uphold it.”

More Top Democratic moments: Wall Street watchdog sent to Washington

Top Dem moments of 2012: Obamacare survives Supreme Court test

Updated