ObamaCare News: Daily Obamacare Updates
ObamaCare Facts' Daily Updates on ObamaCare
The latest ObamaCare News from ObamaCare Facts. We provide daily ObamaCare news updates to help you keep up to date on what's happening with ObamaCare Today. Due to the ever changing nature of the new health care law staying up to date on the latest ObamaCare news is a must. Find out how ObamaCare will affect you, your family and your business.
ObamaCare News June 2013
ObamaCare Tax Penalty Explained
The ObamaCare tax penalty, the tax penalty for not having health insurance, starts in 2014. The penalty will be applied to your taxable income and will be 1% to 2.5% of your taxable income or a set amount, whichever is greater. ObamaCare Tax Penalty Explained
ObamaCare News March 2013
Attempt to Repeal ObamaCare Fails Again
The senate has rejected the effort by Sen. Ted Cruz (R-Texas) to repeal ObamaCare. The amendment sought to “establish a deficit-neutral reserve fund to provide for the repeal of ObamaCare.
Cruz's amendment to the Democratic budget resolution failed 45 to 54.
ObamaCare Mandate Exmpetion Penalty
Those who choose not to purchase insurance will have to pay a tax "penalty" unless they qualify for an exemption. Exemptions from ObamaCare's tax "penalty" mandate are available to a number of Americans. Look below to see if your qualify for an exemption.
Read More About the ObamaCare Mandate
Rubio Opposes Government Funding Bill Unless Obamacare is De-funded
Legislation funding the federal government for the next several months wouldn't gain support from Sen. Marco Rubio unless the bill de-funds President Barack Obama's sweeping health care law, the Florida Republican said on Thursday.
ObamaCare News February 2013
The Truth on the New CBO Report: 7 Million Employees Losing Employer Based Health Insurance in 2022. Up from 4 Million in April Report.
President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.
CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.
These numbers represent employees who move off of employer based health insurance and into the exchange or private insurance by 2022, since employees get credits to use the exchanges this doesn't represent a lack of health coverage, just employee based health coverage. These employers risk a higher turnover and lower moral due among other caveats such as additional costs to them for the penalties. It remains to be seen how this affects cost and the number of uninsured in general.
Penalty for employee who doesn't use the exchange is $2,000 while the penalty for those who do is $3,000. Keep in mind Employers only have to pay 50% of their employees health insurance costs.
IRS Average Family $20,000 for Insurance
IRS Estimates the Average Family Will Pay no Less than $20k for ObamaCare!!!!!!!!!!!!!!!..... Is a misleading lie that is being misquoted by the Media.
TRUTH: IRS Estimates the Average Family (of 5, making over $120k) is Estimated Pay an average of $20k in 2016 for basic Insurance on the insurance exchanges.
IRS ObamaCare Statement Explained
ObamaCare News January 2013
The ObamaCare "Glitch"
ObamaCare was supposed to offer financial support to employees who couldn't afford moderately priced employer-based insurance. However, due to wording left out of the bill by congress, missed by the white house and a failure on the IRS to rectify the issue, thousands of employees and their families may find themselves without health insurance and paying the penalty for not having it. ObamaCare Glitch
Life Time Limits Loophole for Students
ObamaCare lifts lifetime limits on insurance plans. However Some Students are finding themselves exempt from this protection do to a loophole.
The law states that self-funded plans don't have to adhere to the lifetime limits provision allowing some Universities to get around the law. This oversight (?) means around 300 thousand of Students get their insurance from these plans. Unless Universities lift the limits willingly students will continue to face lifetime limits.
Hobby Lobby and ObamaCare
Hobby Lobby Faces $1.3 million a day in fines from the IRS for standing up against ObamaCare. Get the inside scoop on Hobby Lobby and ObamaCare
Rick Scott (Slightly) Overestimates the Cost of Florida's Medicaid Expansion... By $21 Billion
Gov. Rick Scott said that the $25.8 billion price tag on Medicaid Expansion was too much for Florida to pay. While that may be true, the actual cost of Medicaid Expansion is estimated at $5 billion (that's the high end, other groups argue it's closer to $2.7 billion). Read More on Rick Scott and Florida's Medicaid Expansion
Michele Bachmann Introduces the 34th Repeal ObamaCare Bill, Adding to the $48 Million Dollar Cost of Attempting to Repeal the Bill
Should Congress Keep Trying to Repeal ObamaCare or Should Just Accept ObamaCare is "the Law of the Land"?
Michele Bachmann (R-MN) introduced a new "Repeal ObamaCare" bill on the first day of the 113th Congress. This marks the 34th attempt to repeal the Affordable Care Act.
As of July the 33 previous tries to repeal Obamacare took up a total of 80 hours in Congress, the equivalent to two full work weeks. Costing a total of $48 million.
Domino's Pizza Founder Wins a Temporary Ruling on Contraception Coverage
The Domino's Pizza Founder Thomas Monaghan won a temporary court victory after suing the Federal Government over the ObamaCare mandate requiring most employers to provide a range of contraception and reproductive health services or risk fines. Read More on Domino's Ruling on Contraception
ObamaCare News December 2012
Democratic Senators Call For Delay on ObamaCare Medical Device Excise Tax
18 Democratic Senators have joined Republicans on calling for a delay of the ObamaCare Medical Device excise tax of 2.3%. The Medical device excise tax is set to into effect on January 1st, 2013. Read More on the ObamaCare Medical Device Excise Tax Delay
$63 ObamaCare Fee on Insurance Plans to Cover Pre-Existing Conditions
A $63 dollar fee on insurance plans to Cover the Cost of High-Risk Pre-Existing Conditions Pools 2014 - 2016
From 2014 to 2016 up to 190 million Americans will pay a temporary fee of $63 for three years starting in 2014 (the price decreases each year, (roughly $40 in 2015, $28 in 2016). Read More on the ObamaCare Fee
States Rejecting ObamaCare Exchanges and Medicaid Expansion Costs Taxpayers, Leaves Millions Uninsured
There is a big effort going on to "break" ObamaCare. This includes a CATO backed plan to have states opt-out of setting up an exchange or expanding Medicaid. This ups the cost of insurance purchased through federal exchanges and hurts states that do run exchanges. Read More on States Rejecting ObamaCare Exchanges
Past ObamaCare News Updates on Events for 2012
Paul Ryan ObamaCare
Biden Ryan Obama Care Debate
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