Obamacare importance of the decision cannot be overstated: It will have an immediate and long-term impact

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Supreme Court upholds key part of Obamacarehttp://fb.me/20Yf4qnFT

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Bob Kovach/CNN

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WASHINGTON (CNN) - 

The U.S. Supreme Court upheld a key provision of the health care law championed by President Barack Obama, the so-called individual mandate that requires people to have health insurance.

• • The importance of the decision cannot be overstated: It will have an immediate and long-term impact on all Americans, both in how they get medicine and health care, and also in vast, yet-unknown areas of "commerce."

The polarizing law, dubbed "Obamacare" by many, is the signature legislation of Obama's time in office.

It helped spur the creation of the conservative tea party movement and is likely to be a centerpiece of the presidential election campaign.

Both Obama and his presumptive Republican challenger, Mitt Romney, have been firing up supporters this week by staking out their positions.

Speaking to supporters in Atlanta Tuesday, Obama defended his health care law as the way forward for the American people.

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