Obamacare’s cost-sharing subsidies remained in the crosshairs on Wednesday, as President Donald Trump withdrew his prior support for a bipartisan deal proposed by Sens. Lamar Alexander and Patty Murray to continue them.
President Donald Trump plans to end a key set of Obamacare subsidies that helped lower-income enrollees pay for health care, the White House said Thursday, a dramatic move that raises questions about the law's future.
The bill's sponsors say their plan to reallocate federal health funding among states is more equitable. It also would cause largely Democratic states to lose funding while Republican states gain.
The Republican proposal preserves popular items from Obama's health law, including letting young adults stay on their parents' plan until age 26. But it shrinks financial aid for low-income Americans.
President Donald Trump on Tuesday backed a plan by Republican lawmakers to replace the Obamacare healthcare statute that faces obstacles to becoming law from across the U.S. political spectrum.
As Obamacare repeal efforts are underway by Republicans, it seems the 2010 health law is becoming more popular. According to a new Politico/Morning Consult survey, voters are now evenly split in their support of the law, with 45 percent of registered voters approving of President Obama’s signature health law and 45 percent disapproving.
It's the first step of a two-part process to fulfill Republicans' promise to dismantle the health care law, one of Obama's signature achievements.
As Republicans prepare to take over the White House and both houses of Congress next month, they've got President Barack Obama's signature legislation squarely in their sights.
The online federal insurance marketplace opened for business Sunday. It's the third year of open enrollment for these subsidized plans, established by the Affordable Care Act. Many Texans still oppose the law, even though the state is home to the most uninsured people in the country. For the moment, Texas Republicans still consider the Affordable Care Act to be political kryptonite. Sen. Ted Cruz continues to criticize it. Attorney General Ken Paxton just filed another lawsuit attacking part of it. Gov. Greg Abbott has said he won't consider the Medicaid expansion, because he considers Medicaid a dysfunctional entitlement program that should not be allowed to expand.
Hillary Clinton has called for the repeal of the “Cadillac Tax,” a part of the Affordable Care Act that is soon to go into effect, and which most Americans probably know nothing about. You can look at this as a cynical effort to win the support of certain constituencies that are important to Democrats, which it may be. But it’s also yet more evidence that only one party’s presidential candidates are even remotely interested in grappling with the difficult work of policy-making, particularly on the issue of health care.
A new study finds that 75% of California's Obamacare health plans have narrow physician networks -- more limited choices than all but three other states. The latest report examines health plans sold to consumers last year under the Affordable Care Act and shows wide variation in the prevalence of narrow networks across the country.
When the Affordable Care Act took effect in October 2013, there were 14 states in which more than 1 in 5 adults lacked health insurance; today only Texas remains, according to data released Monday. At the other end of the scale, only five states' populations were so well-insured in 2013 that fewer than 1 in 10 adult residents lacked insurance. Today, more than half the states have achieved that goal.
In every other state in the country, proposed rate increases of ten percent or more have been available on Healthcare.gov’s rate review tool since the first of June. But Covered California negotiated a six week delay, and rate proposals for California plans were not made public until July 27. That’s when Covered California announced that the weighted average rate increase for their plans would be a mere 4 percent next year, and that consumers who shop around (which should be everyone!) would have the opportunity to lower their premiums by an average of 4.5 percent, and as much as ten percent in some areas of the state.
Early reports that 2016 health insurance premiums would increase in double digits brought out the usual cadre of critics to claim — once again — that Obamacare is not financially sustainable. These proposed premiums were neither finalized nor did they reflect the full picture of rates in most states. We now have the full picture in California, where we are proving that health insurance exchanges can keep prices in check. Residents who enroll through Covered California, our statewide exchange, will see only modest 4% increases in 2016. Those selecting the lowest-priced plans actually will save 4.5%.
News that the U.S. Supreme Court has once again upheld the Affordable Care Act, ruling that subsidies are valid to purchase private coverage in all states no matter what government exchange an American uses, the focus on future growth will be Medicaid, the expanded program for the poor that is also a key part of the health law.
A short time after the turn of the New Year, I wrote a post detailing the four issues that were destined to destroy this tax season. The post was tailored towards tax preparers rather than taxpayers – the idea being that while these four issues — the repair regulations, net investment income tax, Obamacare insurance penalty, and the premium tax credit — would greatly complicate the life of those charged with understanding and administering the rules, their effects would largely go unnoticed by the majority of clients.
The U.S. Supreme Court on Monday declined to hear a new challenge to President Barack Obama's healthcare law that took aim at a bureaucratic board labeled by some Republicans as a "death panel" because it was designed to cut Medicare costs. The high court left intact a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals that threw out the lawsuit. The court’s action in an unsigned order was a victory for Obama administration, which has faced a barrage of legal challenges to the 2010 Affordable Care Act, often called Obamacare. The court is currently weighing a separate case challenging health insurance subsidies that are key to Obamacare’s implementation. A ruling is due by the end of June.
A number of states that had previously refused to expand their Medicaid programs for the poor are reconsidering that policy. They would be smart to embrace expansion as soon as possible to cover millions of people who would be left uninsured if the Supreme Court wipes out federal subsidies for low-income people buying insurance on the federal health exchanges. The Affordable Care Act originally required all states to expand Medicaid to cover people with an income up to 138 percent of the federal poverty level, or $32,913 for a family of four, but in 2012 the Supreme Court made expansion optional. Twenty-eight states and the District of Columbia have expanded their programs, but 22 have not.
Sunday marks the start of a special Obamacare enrollment period for people who weren't aware they have to pay a penalty at tax time if they don't have health insurance. The period runs until April 30. Federal officials promoting the new sign-up period Friday wouldn't comment on how many corrected tax forms they have sent to consumers so some of those receiving tax credits to buy insurance can file their taxes. About 800,000 consumers who purchased health insurance on the federal exchange and received tax credits were contacted last month because the 1095-A tax form sent by the Centers for Medicare and Medicaid Services contained a mistake in the benchmark plan used to calculate how much tax they might owe.
Nearly 11.7 million people signed up for health insurance under Obamacare for this year, the administration says, and more are expected because of a break for people who didn't realize they'd have to pay an extra tax if they don't. There's a special enrollment period between March 15 and April 30 for people who missed the new rule that a tax kicks in this year for most people who go without health insurance. And the Congressional Budget Office says the program will cost less than originally forecast — $142 billion less over 10 years. The Affordable Care Act provides generous subsidies for most people who buy individual private health insurance on exchanges run by states or the federal government.