ACA/Obamacare: Zubik v. Burwell, Contraceptives and SCOTUS

King v. Burwell: Two American Health Insurance Markets?

Welcome to 2015: The ACA Penalty (Tax) Has Come Due

“Being uninsured in America will cost you more in 2015.

It's the first year all taxpayers have to report to the Internal Revenue Service whether they had health insurance for the previous year, as required under President Barack Obama's law. Those who were uninsured face fines, unless they qualify for one of about 30 exemptions, most of which involve financial hardships.”

“In 2015, all taxpayers have to report to the IRS on their health insurance status the previous year. Most will check a box. It's also when the IRS starts collecting fines from some uninsured people, and deciding if others qualify for exemptions.

What many people don't realize is that the penalties go up significantly in 2015. Only 3 percent of uninsured people know what the fine for 2015 will be, according to a recent poll by the nonpartisan Kaiser Family Foundation.

Figuring out your potential exposure if you're uninsured isn't simple.

For 2014, the fine is the greater of $95 per person or 1 percent of household income above the threshold for filing taxes. It will jump in 2015 to the greater of 2 percent of income or $325. By 2016, the average fine will be about $1,100, based on government figures.” - Being uninsured in America will cost you more, Yahoo Finance, 12/29/2014

Link to the entire article appears below:

http://finance.yahoo.com/news/being-uninsured-america-cost-more-163436765.html


Updated 01/09/2015:

Chart of the Week: How Much Will Obamacare Fines Continue to Rise? - dailysignal.com, 01/08/2015

　http://dailysignal.com/2015/01/08/chart-week-much-will-obamacare-fines-continue-rise/


　

The ACA Cadillac Tax Rabbit Hole

“The Cadillac Tax is supposed to raise $80 billion over ten years to finance the expansion of health coverage.”

“The $80 billion of tax revenues will never appear. Companies as well as government entities will limit their medical insurance plans to the "predetermined thresholds". It is difficult to imagine virtually any entity continuing with any plan that results in an Obamacare Cadillac Tax.” - Kill the Obamacare Cadillac Tax Now, Hank Adler, 12/27/2014


-Upon Further Review-

If the $80 billion in tax revenue never occurs through tax avoidance, and the tax revenue was a component of the financing of ACA, then either a deficit occurs, government supplied items of another variety are reduced, revenue must be raised from another source (the other revenue source can only come from another set of taxpayers) -or- a combination of increased deficit, reduced government supplied items of another variety and increased tax upon some taxpayer group.

Not only does the tax revenue not appear due to tax avoidance, the Cadillac plans scrapped mean those individuals currently with the Cadillac plan must now have less-than a Cadillac plan (a less generous plan to avoid the tax) meaning those individuals absorb more health-care expense than under any previous Cadillac plan they were enrolled in.

The final result being zero tax revenue raised for ACA and more health-care expense for the individual. Judging intentions is always a mistake. Judging this particular lose-lose result might be more enlightening.

Link to the entire article appears below:

http://townhall.com/columnists/hankadler/2014/12/27/kill-the-obamacare-cadillac-tax-now-n1935676?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=


　

Obamacare: Re-enrollment vs. Automatic Renewals