3 results for search: Thomson


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 December 25-27, 2014

 TEA PARTY PATRIOTS: Message to the IRS from the tea party: ‘We will not be silenced’ “Like Rep. Darrell Issa, the tea party does not give up the fight. Mr. Issa, chairman of House Oversight and Government Reform Committee has released his painstaking review of 1.3 million pages of IRS documents and transcribed interviews conducted following revelations that the federal agency had targeted conservative groups. “Conservative organizations were not just singled out because of their political beliefs - they were targeted by IRS officials and employees who expressed a general loathing toward them even while begrudgingly admitting that those ...

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 ...