In 2010 Congress passed the Affordable Care Act (ACA), which included numerous taxing and spending provisions. Most of the taxes were on individuals, employers, and insurers, aimed at encouraging competitive prices and universal participation in the insurance market.
The 2010 Affordable Care Act (ACA) health reform law established state-based health insurance exchanges to provide an individual market for qualified health insurance plans. The state exchanges sell insurance plans to any citizen, regardless of health status. Enrollees who purchase plans through an exchange can receive federal premium subsidies if their household income falls between 100 and 400 percent of the federal poverty level. This primer provides an overview of the ACA’s risk mitigation provisions that apply to individual and/or small group market plans: reinsurance, risk corridors, and risk adjustment.
Medicare accounted for an unsustainable 14 percent of federal spending in 2013.
In March, President Obama directed the Department of Labor to revise labor rules in order to expand the number of people eligible to receive overtime pay.
The more things change, the more they stay the same. For years, health care costs grew faster than incomes — to the point that health care grew to one-sixth of the economy. Then came the revolution; namely the financial crisis, recession, and Obamacare. Health care costs supposedly were tamed by a combination of new laws and weakened consumers.
Almost exactly a year ago, I wrote about the Affordable Care Act’s (ACA) first open enrollment period. I suggested that opponents of the law should avoid getting too caught up in any enrollment problems or web glitches.
The Medicaid program is a state-federal partnership program where states and the federal government share the cost of caring for the nation’s poorest citizens.