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One Year After Obamacare’s Implementation, Taxpayer-Funded Co-Ops Struggle to Survive
After receiving $2.5 billion in taxpayer dollars from the federal government, the vast majority of nonprofit insurance companies created under the Affordable Care Act recorded losses in revenue, an analysis by The Daily Signal found. Consumer Operated and Oriented Plans, or co-ops, are nonprofit insurance companies created by the Affordable Care Act. Though the concept…Melissa Quinn -
- Opinion
Obamacare Makes Tax Time More Taxing
As Americans begin to file their 2014 taxes, they will encounter some new forms and paper work, thanks to burdens imposed by Obamacare’s flawed policies. First, taxpayers now must report their health insurance coverage status and that of their dependents. Those who were uninsured in 2014 either must file for one of the individual mandate’s…Alyene Senger -
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Did Congress Lie About Key Facts to Obtain Obamacare Exemption?
Sen. David Vitter, R-La., wants to know why members of Congress and their staff are exempted from Obamacare. “Washington insiders should be forced to live under Obamacare just like the rest of America without a special taxpayer funded subsidy,” says @DavidVitter Vitter, who launched an investigation this week, said in a statement that “false information may have…Kate Scanlon -
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IRS Seeks 9,000 New Employees as It Prepares to Enforce Obamacare
As millions of Americans brace for tax season, the Internal Revenue Service is requesting a $2 billion boost to its budget and 9,000 new employees as it prepares to enforce Obamacare’s tax provisions. President Obama released his $4 trillion budget proposal for fiscal year 2016 this week, which includes $13.9 billion for the Internal Revenue…Melissa Quinn -
- Opinion
The House Just Voted to Repeal Obamacare. Why the Senate Should Do the Same.
The U.S. House of Representatives has voted for the fourth time to repeal—in full—the Affordable Care Act of 2010. The margin was 239 to 186. Now, the national debate moves to the Senate. For the past five years, Sen. Harry Reid, D-Nev., the former majority leader, protected U.S. senators from such a recorded vote. Senators will now…Robert Moffit -
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What’s Different About Today’s Obamacare Repeal Vote
Tuesday, for the fourth time, the U.S. House will vote to fully repeal Obamacare. What’s different, though, is that with a GOP-controlled Senate, Republicans can attack President Obama’s signature legislation on their own terms. The showdown over the Affordable Care Act comes as conservatives want GOP leaders to fulfill a campaign promise to repeal the…Kelsey Bolar -
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5 More Reasons to Completely Repeal Obamacare in 2015
The House of Representatives is expected to vote on repealing Obamacare this week. Heritage has already laid out five of the biggest reasons for Congress to repeal the entire law but because the law and its effects are so far-reaching, here are five more: Obamacare’s tax credits are overly complicated. The premium tax credits used…Alyene Senger -
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Ohio’s Obamacare Expansion Has Already Cost Over $2 Billion
Ohio Gov. John Kasich’s Obamacare expansion blew past projections in its first year, putting 471,452 Ohioans on Medicaid and costing taxpayers $2.1 billion. Because enrollment has so dramatically exceeded Kasich administration estimates—the governor expected 366,00 to enroll by July 2015—the Obamacare money appropriated to pay for program benefits will be exhausted months early. If recent…Jason Hart -
- Opinion
If You Received a Higher Obamacare Subsidy Than You Were Eligible For, You Don’t Have to Pay It Back This Year
Ever since the individual health insurance mandate in Obamacare was upheld as a tax in 2012, taxpayers have been waiting to see how Obamacare affects their tax bill. TurboTax, an online tax service, recently estimated that the average tax penalty for lacking health insurance will be $301. When faced with unpopular requirements of law, the…Andrew Kloster -
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Republican Congressman Urges House Leadership to Use Reconciliation to Repeal Obamacare
Rep. John Fleming, R-La., is emboldening House leadership to embrace a budget tactic that would lower the threshold of votes needed to rollback provisions of Obamacare. “We all say that we want to repeal Obamacare, and we would all love a clean, full repeal,” Fleming said in an interview with The Daily Signal. “But the…Melissa Quinn -
- Opinion
Report: 12 Million People Predicted to Use Obamacare Exchanges This Year
The Congressional Budget Office’s new Budget and Economic Outlook includes some interesting projections regarding Obamacare. CBO director Douglas Elmendorf is testifying on the report at a Senate Budget Committee hearing Wednesday and hopefully some of these projections will be questioned: 1. Enrollment. The CBO projects that 12 million people will obtain coverage on the ACA’s…Alyene Senger -
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5 Takeaways from the CBO’s Report on Obamacare
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…Melissa Quinn -
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Medicare Chief Who Oversaw Obamacare Rollout to Resign
The top official at the Centers for Medicare and Medicaid Services announced her resignation today. But the official who will serve as the interim head of the agency was the subject of congressional inquiries from Republican lawmakers last year. Marilyn Tavenner announced today that she would be stepping down from her post as administrator for…Melissa Quinn -
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A Sweet Retreat: GOP Lawmakers Chart Course on Immigration, Obamacare in Hershey
HERSHEY, Pa. — At what has been dubbed the “Sweet Place on Earth,” Republicans in both the House and Senate gathered for a sweet retreat to craft their strategies on issues that have caused bitter disagreement. The gathering of GOP lawmakers was the first of its kind to occur in 10 years and centered around…Melissa Quinn -
- Opinion
We’ve Been Calculating Budget Scores for Legislation Like Obamacare All Wrong
There is hubris in every government project. The unspoken idea behind bills as comprehensive as the Affordable Care Act and Dodd-Frank is that legislators can understand how a system works, tinker with it and improve it. Psychologically, it is unreasonable to expect that anyone is unbiased about her own grand idea, so legislating has a…Salim Furth -
- Opinion
How Obamacare Exchanges Have Decreased Competition Among Insurers
Unsurprisingly, Obamacare has made yet another problem worse—creating a government exchange that is less competitive than the prior individual market. In 2009, when President Obama was trying to sell his health care reform ideas to Congress, he promised a competitive marketplace, where costs would decrease and quality would increase. He said: We’ll…[create] a new insurance…Alyene Senger -
- Opinion
Will This Little-Known Obamacare Provision Lead to a Public Option?
Former House Speaker Nancy Pelosi , D-Calif., was absolutely right when she said we had to pass Obamacare so we could find out what was in it. Did you know that the law authorizes the federal government to contract with selected health plans to compete directly with all other private plans in every state? The…Robert Moffit -
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‘There Is Just So Much Confusion Out There’: How Obamacare Figures Into Your 2014 Taxes
In addition to the normal thrills and chills of the income tax filing season, this year consumers will have the added excitement of figuring out how the health law figures in their 2014 taxes. The good news is that for most people the only change to their normal tax filing routine will be to check…Michelle Andrews -
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What’s the Alternative to Obamacare? This New Book Provides the Answer … and How to Make It Happen
Since President Obama signed the Affordable Care Act on March 23, 2010, supporters have called the legislation “the law of the land,” and the president says the health care debate is “over.” But in a new book, one journalist points out that laws can change. In “Overcoming Obamacare: Three Approaches to Reversing the Government Takeover…Kate Scanlon -
- Opinion
4 Key Upcoming Supreme Court Cases Involving Spider-Man, the Confederate Flag and Obamacare
Today the Supreme Court will be back in full swing, hearing oral arguments in a number of important cases. In addition to a case dealing with discrimination against Muslims and a few involving freedom of speech, here are other noteworthy cases coming up. 1. Walker v. Texas Division, Sons of Confederate Veterans: Do messages on…Elizabeth Slattery
