However, color me skeptical that business will embark on a hiring binge if the Supremes overturn the Obamacaremandate Thursday. Why? Because the uncertainty premium about future health-care policy is still going to be high, and it won’t be resolved until well after the election. Businesses will have almost no idea what Congress will propose if the Supremes strike down Obamacare.

For example, it’s going to take money and high insurance premiums to cover pre-existing conditions. There also are the stay-at-home 26 year olds and the so-called health-care market exchanges among the states. There are many other issues to be resolved, but the big question is: How will they be financed?

Will there be a tax? Will there be regulations?