A project of the Galen Institute

Issue: "Jobs/Economic Impact"

I have to pay back my Obamacare subsidy

Forbes
Fri, 2015-02-13
Janice Riddle got a nasty surprise when she filled out her tax return this year. The Los Angeles resident had applied for Obamacare in late 2013, when she was unemployed. She qualified for a hefty subsidy of $470 a month, leaving her with a monthly premium of $1 for the cheapest plan available. Riddle landed a job in early 2014 at a life insurance agency, but since her new employer didn't offer health benefits, she kept her Obamacare plan. However, she didn't update her income with the California exchange, which she acknowledges was her mistake.

Melissa Quinn: 5 Takeaways from the CBO’s Report on Obamacare

The Daily Signal
Wed, 2015-01-28
A nonpartisan entity of the federal government has found that the Affordable Care Act will cost the government less than expected. However, the reduction in the law’s price tag comes among findings that millions of Americans could lose their employer-provided health insurance. The Congressional Budget Office came out with a report yesterday revising the costs and budgetary effects of the Affordable Care Act, also known as Obamacare.

Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report

Daily Mail
Tue, 2015-01-27
Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance Numbers assume Obamacare insurance exchange enrollment will double between now and 2025

Justin Haskins: Endlessly Slapped By ObamaCare

NY Post
Mon, 2015-01-26
“I’m sorry sir,” the polite Healthcare.gov customer-service agent said. “There’s nothing I can do. You’re either going to have to enroll in Medicaid or you’re going to have to pay the full health-insurance rate.” “The rate you quoted earlier?” I asked. “That’s nearly 30 percent higher than my current insurance bill, I just can’t afford it.” “You’ll have to pay the full rate, yes,” the agent replied. “I don’t understand,” I explained. “I have plenty of money to pay you a reasonable rate, but I can’t afford to pay the same rate a millionaire would be asked to pay. Why can’t I just receive a partial subsidy? I’m willing to pay more than what Medicaid offers.” “Sir, that’s just not how the system works.” Right. That’s not how ObamaCare works; it doesn’t work at all.

Richard Pollock: BOMBSHELL: IRS Has Active Contract For MILLIONS With Company HHS FIRED Over Botched Healthcare.gov

The Daily Caller
Thu, 2015-01-22
Seven months after federal officials fired CGI Federal for its botched work on Obamacare website Healthcare.gov, the IRS awarded the same company a $4.5 million IT contract for its new Obamacare tax program. CGI is a $10.5 billion Montreal-based company that has forever been etched into the public’s mind as the company behind the bungled Obamacare main website. After facing a year of embarrassing failures, federal officials finally pulled the plug on the company and terminated CGI’s contract in January 2014.

Reforming Obamacare: Start With the Young

Real Clear Politics
Wed, 2015-01-21
After the lofty promises that led to passage of the Patient Protection and Affordable Care Act, young people are waking up to how much the law targets them with higher costs. Yes, those lucky enough to be covered on their parents' health plans can postpone the consequences until they are 26. But for the rest, the situation is grim: Young people face disproportionately high costs to pay for coverage and a crushing burden of taxes that could impede their future prosperity.

Yes, Some Companies Are Cutting Hours In Response To ‘Obamacare’

Five Thirty Eight Economics
Wed, 2015-01-14
By Ben Casselman On Friday, I posted this chart, showing that nearly all the job growth since the recession ended has been in full-time jobs. Part-time employment is pretty much flat. I wasn’t trying to make a political point, but many readers saw one anyway. Specifically, they saw it as a refutation of a frequent Republican talking point: that the Affordable Care Act, or “Obamacare,” is killing full-time jobs because it requires employers to offer health insurance to their full-time (but not their part-time) workers.

Obamacare Problems? Now in Hands of IRS

Town Hall
Wed, 2015-01-14
Bruce Bialosky Deluged with catastrophes, court challenges and criticism, Obamacare (ACA) has had a controversial life to date. Yet it is ready to enter a completely new phase where the implementation gets shifted to the Internal Revenue Service – America’s favorite three words. If you liked the health care plan up to now, you ain’t seen nothing yet.

Need Help From the I.R.S.? You May Need More Patience This Year

New York Times
Wed, 2015-01-14
Services to taxpayers are likely to drop to their worst levels since 2001, when the Internal Revenue Service first started measuring its performance, the agency’s taxpayer advocate said in her annual report released on Wednesday. Five years of budget-cutting have “brought about a devastating erosion of taxpayer service, harming taxpayers individually and collectively,” wrote Nina E. Olson, who leads the Taxpayer Advocate Service, an independent office within the I.R.S.

Implementing Health Reform: FAQs On Taxes And The ACA

Health Affairs Blog
Wed, 2015-01-14
In the next few days, consumers who enrolled in qualified health plans through the marketplaces in 2014 will begin receiving IRS form 1095-As from the marketplaces, be they the federally facilitated marketplaces (FFMs) or state-operated marketplaces. The form 1095-A is the form that provides individuals who have enrolled in qualified health plans through the marketplaces the information they need to fill out form 8962, which in turn is the form enrollees will need to reconcile the advance premium tax credits (APTC) they received in 2014 with the premium tax credits they were actually entitled to. The marketplace also reports the information on the 1095-A to the IRS.

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