by admin | Dec 20, 2017 | ACA, Affordable Care Act, Obamacare
Congress this morning passed its tax reform legislation and sent it to the president’s desk for signing. The inclusion of a provision to repeal the Affordable Care Act (ACA, or Obamacare) individual mandate has caused concern that a shrinking pool of young...
by Girish Anand | Dec 13, 2017 | ACA, Affordable Care Act, Obamacare
Friday (Dec. 15) is the end of this year’s open enrollment at HealthCare.gov, and the latest tally shows that 4.7 million people have so far signed up for Obamacare health insurance policies. In 2016, a total of 9.2 million enrolled, but that sign-up period...
by Girish Anand | Dec 7, 2017 | ACA, Affordable Care Act, CMS, Obamacare
The Centers for Medicare and Medicaid Services (CMS) reported on Dec. 6 that health care spending in 2016 slowed its growth rate, whereas individuals’ out-of-pocket costs rose. In 2016 health care expenditures reached $3.3 trillion, an increase of 4.3 percent,...
by Girish Anand | Dec 6, 2017 | ACA, Affordable Care Act, Obamacare
As of Saturday, Dec. 2, Obamacare enrollment on the federal marketplace had reached 3.6 million with two weeks remaining before open enrollment closes on Dec. 15. A total of 823,180 people during the week ending Dec. 2 signed up for an insurance plan sold on...
by Girish Anand | Nov 15, 2017 | ACA, Affordable Care Act
Eyeing to save $300 billion over 10 years to help finance individual tax cuts, Senate Republicans on Tuesday (Nov. 14) added repeal of the Affordable Care Act (ACA, or Obamacare) individual mandate to its tax legislation. The move also allows tax writers to up the...
by Girish Anand | Nov 14, 2017 | ACA, Affordable Care Act, IRS
President Trump may be beating the drum to end the Obamacare individual mandate with looming tax reform legislation (to little avail so far), but the Internal Revenue Service (IRS) is already gearing up to enforce both that mandate and the employer shared...