Even if Obamacare hasn't altered your insurance coverage, it will affect your taxes.
The new healthcare law brings the largest set of tax law changes this country has seen in more than 20 years.
According to the Government Accountability Office, the IRS must implement a total 47 statutory provisions under Obamacare. And Obamacare's $1 trillion in total tax increases will hit drug companies, Health Savings Accounts, health insurers, employer-based health insurance, and more.
The administration says these taxes are absolutely essential to fund Obamacare.Get ready to pay up...
How Self-Serving Politicians – Not Tech – Ruined the Obamacare Launch
Everyone agrees the Obamacare launch has been a total disaster, but the reason why it has been such a disaster is the real scandal.
The Obama administration spin machine has been running in overdrive trying to convince a skeptical American public that the Oct. 1 Obamacare launch went bad for technical reasons. They said traffic from a populace thrilled that the insurance exchanges had finally arrived overwhelmed the site.the administration itself sabotaged the central tool of its heallhcare overhaul...
Want Cheaper Healthcare? Just Make Less Money
Over the weekend, the San Francisco Chronicle delivered a stunning message that discourages and demotivates American workers from earning more income and promotes greater government dependency.
It's all thanks to sloppy incentives created by the Affordable Healthcare Act.
The Chronicle reported that Karen Pollitz, a senior fellow at the Kaiser Family Foundation, said last week that workers in California should consider reducing their 2014 income and work hours in order to qualify for Obamacare subsidies.
"If they can adjust (their income), they should," said Pollitz. "It's not cheating, it's allowed."
This isn't going to end well...
Early Problems with Obamacare Are Bigger Than a Glitch
After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government's healthcare exchanges should have been ready to go.
But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.
"These are not glitches," an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. "The extent of the problems is pretty enormous. At the end of our calls, people say, 'It's awful, just awful.'"Here's why Obamacare is falling apart and what that means for you...
Obamacare Online Exchanges: 9 Real Life Experiences from Money Morning Readers
Considering taxpayers shelled out more than $500 million to build the Obamacare online exchanges, we'd like to know how they're actually operating, for good or for bad.
We know it's not all good...
For example, the federal government is operating an exchange for 36 states, and it's seen some of the worst complications. Part of the problem is volume: Within three days, a whopping 8.6 million people visited healthcare.gov.
We also know that Obamacare's success depends on having a large number of people enroll - especially the younger, healthier crowd. The Congressional Budget Office says Obamacare needs 7 million people to sign up at a minimum for it to stay afloat financially.To read more click here...
Obamacare Facts: Oct. 1 to Be a Rainy Night in Georgia
An update on Obamacare Facts: Obamacare implementation in Georgia is, well...not going very smoothly...
According to a poll released Sept. 23 by Healthcare Georgia Foundation, only 39% of Georgians approve of the law, whereas 42% do not.
[Although, no matter what the majority wants, enrollment in health insurance exchanges is slated to begin in just a few days on Oct. 1.]
But the panic really set in for Georgians a few weeks back, when Georgia Insurance Commissioner Ralph Hudgens announced in a press release that potential rate hikes up to 198% could be seen due to Obamacare.To continue reading, please click here...
Obamacare Facts: Support Slips to 39%; Defund Talk Gets Louder
Americans following the stream of Obamacare facts out of Washington aren't as happy with the new law as they were before, according to a new poll.
According to this just-released CNN/ORC International survey, support for the Affordable Care Act, better known as Obamacare, slipped from 51% in January to a current low of 39%.
Support dropped in all demographics, with the steepest slide in two core Democratic groups: women and Americans making less than $50,000.
Obamacare Effect on Jobs Hits Millions More U.S. Workers
Oct. 1 marks the start of Obamacare for millions of Americans. That's when the Obamacare health insurance exchanges (HIX) go live and open enrollment begins.
Today (Friday) marks another key Obamacare moment. The August unemployment report released today gave us a clearer look at the Obamacare effect on U.S. jobs.