House lawmakers are angry that one of the last taxpayer-funded Obamacare plans wants to move to for-profit status, saying that the millions of dollars provided in startup loans were meant to go to nonprofits. Republican leaders of the House Ways and Means Committee wrote to the Obama administration and the Maryland consumer-oriented and operated plan…Details
President Barack Obama leaves the White House in 12 weeks, but the law that bears his name will polarize politics long after he’s gone. Big price hikes to Affordable Care Act premiums announced this week mean that Obama’s proudest legislative achievement will fail to resolve the decades-old controversy surrounding the government’s role in managing the…Details
On Tuesday the Internal Revenue Service (IRS) announced some tax benefits will increase in 2017 in order to adjust for inflation. According to the IRS the standard deduction for married couples in 2017 will be $12,700, up from $12,600, and both the earned income tax credit and the amount exempt from the estate tax will…Details
A new poll conducted for POLITICO and the Harvard T.H. Chan School of Public Health finds that 54 percent of likely voters think Obamacare is working poorly. Ninety-four percent of self-identified Donald Trump voters hold that view, while 79 percent of Hillary Clinton supporters believe the law is working well.
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President Obama promised that the Affordable Care Act would increase competition and choice in insurance markets. In a 2009 speech to a joint session of Congress, for example, the president said, “Individuals and small businesses will be able to shop for health insurance at competitive prices. Insurance companies will have an incentive to participate in…Details
The Obama administration hasn’t done enough to ensure that the right people get Obamacare subsidies, according to a new report from congressional Republicans. The report details earlier investigations into Obamacare’s verification process for income eligibility, which screens whether a person is eligible for tax credits. It also criticizes the administration for relaxing standards for income…Details
The architects of the Affordable Care Act thought they had a blunt instrument to force people—even young and healthy ones—to buy insurance through the law’s online marketplaces: a tax penalty for those who remain uninsured. The full weight of the penalty will not be felt until April, when those who have avoided buying insurance will…Details
Responding to the uproar over ObamaCare premium hikes, Hillary Clinton on Tuesday promised: “We’re going to make changes to fix problems like that.” The question is: What changes could actually get through Congress? Both parties agree that ObamaCare has problems. Premiums are rising sharply, and the pool of enrollees is smaller and sicker than expected. .…Details
Skyrocketing premium increases on the Obamacare exchanges for 2017 were announced Monday afternoon by the Department of Health and Human Services, averaging nearly 25% across 38 federal exchange states. More than 70% of consumers in states using the federal exchange will be able to find a premium that is less than $75 a month once…Details
Like many other Americans, I got a letter last week. This letter is becoming an annual tradition, arriving on my doorstep in October to inform me of my Obamacare insurance premium hike. Last year, the letter said my Bronze plan, purchased on the marketplace formed by the, ahem, Affordable Care Act, would increase by almost…Details