Topic: Health Care

Obama Proposes to Fix the Cadillac Tax

By :: February 8th, 2016

In the budget he plans to release tomorrow, President Obama will propose some modest changes to the Affordable Care Act’s much-reviled Cadillac Tax on high-cost employer sponsored health plans.  In advance of the proposal, Jason Furman, Chair of the president’s Council of Economic Advisers, published a full-throated endorsement of the levy. While the tax has […]

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The ACA Penalty Tax Is Going Up If You Don’t Get Health Insurance

By :: December 2nd, 2015

It’s open season again for the Affordable Care Act (ACA), when Americans can sign up for health care, often with the help of large subsidies from the federal government. Millions of people will enroll but millions more won’t and many will have to pay much larger penalties on their 2016 tax returns than during the […]

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Good And Bad News About The ACA Penalty Tax

By :: June 12th, 2014

An important feature of the Affordable Care Act (ACA) is the penalty tax imposed on people who do not have health insurance. But newly updated report from the Congressional Budget Office projects that just under 4 million people will pay the penalty in 2016, less than 15 percent of the estimated 30 million people who […]

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Why Not Ditch the Medical Device Excise Tax and Boost Cigarette Taxes?

By :: May 23rd, 2014

Senate Republicans are insisting that the 2.3% excise tax on medical devices, enacted as part of the Affordable Care Act, be repealed as part of the package extending expired tax provisions. Democratic Senate Majority Leader Harry Reid says the proposal to chip away at part of Obamacare is not germane and has refused to allow […]

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Taxing Employer-Sponsored Insurance Would Hike Social Security Benefits But Boost Federal Coffers

By :: May 8th, 2014

The tax subsidy for employer-sponsored health insurance is huge. Not only are the premiums exempt from income tax, they are also immune from Social Security payroll tax. The two subsidies combined will add more than $1.6 trillion to the deficit over the next five years alone. But because that income is not included in the […]

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A Permanent Slowdown In Health Care Spending Growth Would Ease, But Not End, the Fiscal Problem

By :: May 5th, 2014

Rapidly growing health care costs have been a major driver of actual and projected federal budget deficits and the national debt. In recent years, the rate of growth in medical spending has slowed, leading many to ask whether a permanent decline could solve the nation’s long-term fiscal problem. Along with University of California at Berkeley […]

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If You Have High Income, Your Taxes Are Going Up

By :: April 8th, 2014

As the April 15 deadline for filing 2013 income taxes nears, most of us are finding that Uncle Sam will take about the same share of our income as last year. But the story is very different for people at the top of the income ladder. Their taxes are going up, in many cases by […]

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A Web Tool to Calculate ACA Tax Penalties

By :: March 6th, 2014

The deadline is looming: If you don’t have approved insurance coverage by March 31 (and are not exempt from the requirement), the Affordable Care Act will hit you with a penalty on your 2014 income tax return. It is often said the tax is $95, but for many people it will be much more. A […]

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How 19 Million Uninsured Tax Filers Could Get ACA Coverage

By :: February 20th, 2014

Back in November, I suggested that tax prep firms might be a useful portal for low-income people to get insurance coverage through the Affordable Care Act. The idea: Since many key ACA-related issues are income-based, commercial tax prep is an easy way for folks to learn whether they are eligible for expanded Medicaid coverage, how […]

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Why Not Use Tax Preparers as a Portal to Health Exchanges?

By :: November 14th, 2013

What if we bought individual health insurance through our tax preparers? At first, the idea seems bizarre, but give me a minute to explain. Given the well-known problems of HealthCare.gov and many of the state health exchanges, people seeking insurance coverage need a better way to buy. And commercial alternatives to government sites seem an […]

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