Supreme Court hears arguments surrounding healthcare law

WASHINGTON — The U.S. Supreme Court justices have gathered this week to discuss a potential legal issue surrounding President Obama's healthcare law.

This week, the Supreme Court justices heard arguments for 90 minutes surrounding a legal issue pertaining to the Patient Protection and Affordable Care Act. The issue at hand is that "taxpayers who don't purchase health insurance will have to report that omission on tax returns for 2014 and will pay a penalty along with federal income tax. At issue is whether that penalty is a tax," according to the Associated Press.

Meanwhile, last Friday marked the two-year anniversary of the enactment of the Patient Protection and Affordable Care Act. In line with the anniversary, the White House issued a report that aimed to highlight the benefits of the healthcare law. According to the Department of Health and Human Services secretary Kathleen Sebelius, new data found that seniors saved more than $3.2 billion on prescription drugs under the new healthcare law, while savings for seniors included a one-time $250 rebate check to those who hit the "donut hole" coverage gap in 2010 and a 50% discount on covered brand-name drugs in the donut hole in 2011.

Click here for the full report from AP.

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