by Girish Anand | Aug 23, 2017 | ACA, Affordable Care Act, Health Care Reform, IRS
The Internal Revenue Service (IRS) reports that 4 million Americans paid an average of $708 for not having health insurance in 2016 — what the IRS terms the Individual Shared Responsibility Payment (ISRP). The average is just over the base penalty of $695...
by Girish Anand | Aug 17, 2017 | ACA, Affordable Care Act, IRS
The Internal Revenue Service (IRS) recently issued four letters emphasizing that the employer shared responsibility and individual mandate provisions of the Affordable Care Act (ACA) are still the law of the land and will be enforced. In the two years since businesses...
by Girish Anand | Aug 3, 2017 | ACA
Aetna announced today that it’s withdrawing from the Affordable Care Act (ACA, or Obamacare) marketplace. Here is the company’s announcement: Aetna has long been committed to providing access to affordable, high-quality health care for all Americans. That...
by Girish Anand | Jul 18, 2017 | ACA, Affordable Care Act
Less than a day after more Republican defections doomed the Senate’s “repeal and replace” health care legislation, the option of “repeal now and replace later” went down in flames as well. Three GOP Senators immediately said they...
by Girish Anand | Jul 18, 2017 | ACA, Affordable Care Act, Health Care Reform, Obamacare
With the defection of two more Senate Republicans from the effort to repeal and replace Obamacare, the Better Care Reconciliation Act of 2017 has been withdrawn from a vote. On Monday, Sens. Mike Lee (Utah) and Jerry Moran (Kan.) issued statements declaring they would...
by Girish Anand | Jul 16, 2017 | ACA, Affordable Care Act, Obamacare
The percentage of uninsured adults has risen in the first two quarters of 2017, according to a new Gallup poll. Standing at 10.9 percent in the third and fourth quarters of 2016, the percent of adults without health insurance rose to 11.3 in the first quarter and to...