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Obamacare enrollees can kiss their tax refunds goodbye

This week brings more bad news for Obamacare enrollees. Remember all those promises about how the Affordable Care Act would save middle-class American families thousands of dollars a year and it wouldn’t impact our taxes? Yeah, we do too. The Associated Press reports[1] however, that a lot of Obamacare customers will be left without a tax refund for 2014, or may have to pay even more money to the government. Specifically, the change will hit the millions of enrollees receiving taxpayer-funded subsidies who misstated or miscalculated their earnings. If their 2014 income turns out to be higher than they estimated when they signed up for subsidies, ...

Goodbye Benefits. Hello Obamacare.

While the employer mandate isn’t set to kick in until 2014, businesses are already making preparations to comply with the new regulations. A new study reveals bleak trends for employees as businesses try to survive under Obamacare: “Some 31% of franchise businesses and 12% of non-franchise businesses say they have already reduced worker hours because of the law. About 27% of franchise businesses and 12% of non-franchise businesses have already replaced full-time workers with part-time employees because of the law. Some 41% of the non-franchise firms say they already see health-care costs rising because of the law.” Sadly, the very law that ...

Senator McConnell and Chairman Camp –Allies for Delay Effort or Soundbyte Sellers?

In the last week, two prominent Republicans have called for partial and complete Obamacare delays, respectively. On Monday, Senate Minority Leader Mitch McConnell (R-KY) called for the delay of the insurance exchanges created under Obamacare in a letter to the Centers for Medicare and Medicaid Services and a public statement. Last week, Ways & Means Committee Chairman Dave Camp (R-MI) called for a one-year delay of Obamacare. From the Senator’s statement, his concerns are that Americans’ security will be woefully inadequate under the exchanges as they currently exist: Senate Republican Leader Mitch McConnell, in a letter to the Centers for ...

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News Briefing for Monday, April 27

HEALTHCARE: Obamacare Leaves Behind Millions Of Lower Income Workers “Despite being designed to help the poor, certain aspects of Obamacare are holding millions of individuals back who fall into what is being called the “coverage gap.” Reverend Vann R. Ellison, the president of the Florida based St. Matthew’s House, is trying to bring attention to the issue which he says affects people that fall between the $10,000 and $12,000 a year income range. St. Matthew’s House, which takes care of roughly 1,500 people, provides food and shelter to those individuals trying to work their way out of poverty. “We generally deal with lower income ...

News Briefing for April 25

HEALTHCARE: ObamaCare penalty could be too low, analysis finds “A new analysis highlights that it is often cheaper for people to pay ObamaCare’s penalty for not having health insurance than to buy coverage, meaning the penalty might be too low to spur middle-income people to get covered.  The analysis from the consulting firm Avalere Health finds that for people making less than 200 percent of the poverty line, or about $23,000, purchasing insurance is usually cheaper because of income-based subsidies under the law. The penalty for not having health insurance in 2015 is $325 or 2 percent of income, whichever is greater. But for healthy ...

News Briefing for Thursday, April 23, 2015

HEALTHCARE: Another Side Effect of Obamacare: Increased Food Stamp Enrollment? “Expanded Medicaid under Obamacare could be responsible for more people signing up for food stamps, the Associated Press reported. That’s because so many state agencies are making it simpler to enroll in multiple government assistance programs at once if they are eligible for Medicaid. In New Mexico, enrollment for Supplemental Nutrition Assistance Program, better known as food stamps, grew by 5 percent in 14 months. “We attribute the increase in SNAP to Medicaid expansion,” New Mexico Human Services Department Deputy Secretary Sean Pearson told the AP. ...

Tea Party Patriots Weekly Legislative Update for 04/20/15

Tea Party Patriots Weekly Legislative Update for 04/20/15 Listen to the podcast here: CALENDAR:   The House will return Tuesday, with no votes scheduled before 6:30 PM. It’s a short week – there are no votes scheduled after 3 PM on Thursday. The Senate will return tomorrow, with no votes scheduled before 5:30 PM. We anticipate they’ll be in all week. LAST WEEK ON THE HOUSE FLOOR: Last week’s “theme of the week” in the House was “Tax Freedom and Financial Independence.” The House voted on a number of bills regarding various aspects of taxation, IRS targeting, and tax reform. You’ll recall I said last week that ...

News Briefing for Monday, April 20

HEALTHCARE: Group Takes On Insurance Companies Over Obamacare “Justin Danhof, general counsel for the National Center for Public Policy Research, challenged the president of Humana Thursday for his support of Obamacare during a shareholder’s meeting. Danhof took aim at Bruce D. Broussard, president of the insurance giant Humana, over his support of Obamacare, particularly in light of ongoing legal challenges. Broussard defended his position arguing healthcare is a right and therefore must be respected, an answer Danhof disputed. “I think at Humana, we have one fundamental belief and that is that individuals have the right to receive health ...

News Briefing for April 18

HEALTHCARE: Under Obamacare, Competition Is Costly For Consumers “Normally, market competition is good for consumers. More competition generally means competitors are battling each other to lower their prices and/or raise the quality of their goods. But when it comes to Obamacare, the market is working backwards, at least for people receiving health insurance subsidies through the exchanges. The more competitive the marketplace, often the more people have to pay for insurance. How did this happen? The Affordable Care Act, aka Obamacare, created a series of exchanges where people can shop for health insurance if they don’t already receive it from ...