16 results for search: Kane


News Briefing for April 11

HEALTHCARE: Obamacare sticks some enrollees with unexpected bill “Last year, a study found that about four out of every 10 people who received financial help from the government while buying their Obamacare health plans had no idea they were getting any assistance. This tax season, many of those people may be in for a rude surprise when they're asked to pay some—or even all—of that money back. That's despite government and tax preparers last year repeatedly urging those enrolled in Obamacare plans to report changes in income during the year, to avoid a situation where they owed back—or were owed by the government—more in the way of ...

News Briefing for Wednesday, April 1, 2015

HEALTHCARE: CALPERS COULD OWE OBAMACARE $770 MILLION IN “CADILLAC TAX’ “California government entities and their unions are panicking because Obamacare’s punitive 40% “Cadillac Tax” beginning in 2018 will directly hit the low-deductible and broad-provider network type of “platinum” healthcare coverage that public employees have enjoyed under the California Public Employee Retirement System (CalPERS). With the Cadillac Tax estimated at $770 million, public employees face a radical change to “narrow networks” and up to 1,000 percent increase in annual healthcare deductibles. California public employee unions and CalPERS took a ...

News Briefing for Thursday, March 12

TEA PARTY PATRIOTS: Conservative groups wary of Obamacare contingency plans (Photo of Tea Party Patriots at SCOTUS rally / Quote by Kevin Broughton) “Conservative groups are suspicious of GOP plans to temporarily keep Obamacare's insurance subsidies flowing if they're blocked this summer by the Supreme Court. For years, groups such as Club for Growth, Heritage Action and Americans for Prosperity have hounded Congress to do all it can to undermine the Affordable Care Act. At times, lawmakers have even been forced to table Obamacare-related bills over complaints that they appeared to be improving the law instead of repealing it entirely. Now ...

News Briefing for Monday, February 23, 2015

TEA PARTY PATRIOTS: A rare sighting: Republican presidential prospects come to California (TPP-sponsored event) ”California could become the kingmaker on the Republican side in June of 2016, and the people here are going to remember who came and asked for their vote instead of treating the state like an ATM,” said John Berry, statewide co-coordinator for the Tea Party Patriots group. Although Berry acknowledged that the chance of California going Republican in a general election is “a long shot,” he said conservative groups were working to influence elections large and small. The Unite Inland Empire coalition that sponsored the conserv...

News Briefing for Saturday, January 10 2015

TEA PARTY PATRIOTS: Cokie and Steven V. Roberts: Troubled assets no trouble “Weeks after voters dissed the Democrats, an important economic benchmark was passed with little public notice: The U.S. government sold off its stake in Ally Financial, the auto financing company once known as GMAC. It even made money on the deal — about $2.4 billion. That sale ended the six-year effort to rescue the American auto industry from financial disaster. Treasury Secretary Jacob Lew was correct in saying, "This program worked.” In 2014, American carmakers sold 16.5 million vehicles, their best year in almost a decade. That boom fits into a broader ...

News Briefing for Wednesday, December 31, 2014

HEALTHCARE: Cost of Healthcare.gov Exceeds $2.2B After Latest Contract Award “With the announcement Monday of a five-year, $563 million contract award to Accenture, the Healthcare.gov contractor that rescued the Obamacare marketplace after 2013's disastrous launch, the total cost of the site will well exceed $2.2 billion. The new award is on top of the $1.7 billion in contracts reported by the inspector general (OIG) of the Department of Health and Human Services (HHS) in August. Accenture was first hired in January after HHS replaced CGI Federal, the original contractor. Accenture reported the new award on its website, noting that not only ...

News Briefing for Tuesday, December 30, 2014

HEALTHCARE: ObamaCare fines rising in 2015, IRS prepares to collect “Don't have health insurance? Get ready to pay up.  The ObamaCare-mandated fines for not having insurance are rising in 2015 -- and for the first time, will be collected by the Internal Revenue Service. The individual requirement to buy health insurance went into effect earlier this year. But this coming tax season is the first time all taxpayers will have to report to the IRS whether they had health insurance for the prior year.  The fines for the 2014 year were relatively modest -- $95 per person or 1 percent of household income (above the threshold for filing taxes), ...

News Briefing for Friday, December 12, 2014

HEALTHCARE: How ‘Cromnibus’ Helps Blue Cross and Blue Shield “Tucked away near the end of the 1,600-page spending bill is a long-awaited technical fix to the health overhaul law — one that benefits Blue Cross and Blue Shield insurers and has been in the works since the bill was passed in 2010. The backstory: Many of the nonprofit ‘Blue’ health plans receive tax breaks on their expenses and reserves as part of a 1980s arrangement in which they lost their broader tax-exempt status. Under the 2010 health law, Blue plans had to spend at least 85% of their revenue from insurance premiums on medical claims to continue to qualify for the ...

News Briefing for Tuesday, October 14, 2014

HEALTHCARE: Thanks to Obamacare, Health Costs Soared This Year http://dailysignal.com/2014/10/13/thanks-to-obamacare-health-costs-soared-this-year/?utm_source=facebook&utm_medium=social   An Obamacare October surprise? “Obamacare premiums aren’t rising everywhere. They just have a way of finding the states with the biggest Senate races. And that could be very bad timing for Democrats in two of the party’s key contests. Double-digit rate hikes for individual health insurance plans have become an issue in the Louisiana and Iowa Senate races over the past week, where the Republican candidates are hammering their Democratic ...

Lies, Damned Lies and the Actions of this Administration

The bombshell admission by Department of Justice attorneys has exposed another web of deceit, spun by the Obama Administration in the ongoing IRS scandal. After months of being told that emails from Lois Lerner’s crashed computer were destroyed and forever lost, it appears they were in the government’s possession all along. Tom Fritton of Judicial Watch, whose valiant efforts led to this stunning revelation, was informed by government lawyers on Friday that, “Lois Lerner’s emails, indeed all government computer records, are backed up by the federal government in case of a government-wide catastrophe.” But, according to them “this ...