The economy maybe heading in the right direction, but taxpayers are still on the hook for this hideous program.
Tag / Health Insurance
New Obamacare Tax Pops Up In 2018
This new tax will affect 156 million Americans.
Thanks Obama: Indiana To See 20% Increase On Insurance Premiums In 2018
The Obamacare policy writers made a big economic flaw that will cost Hoosiers more money buying health insurance. Continue reading →
How You Can End Up In Jail Under Obamacare
While former President Obama preached criminal justice reform, his legislation did the exact opposite.
75% of Emergency Room Visits Are Non Emergency
Health insurance companies are about to crack down on frivolous visits.
Picture of how Obamacare destroys consumers healthcare premiums
When Obamacare was designed, it was designed to load up the welfare rolls in Medicaid and destroy the average Joe trying to provide for his/her family. Continue reading →
Insurer to Obamacare: Pound sand
The physics of economics is now catching up to government healthcare:
Continue reading →
Obamacare Tax to Hit Retired Police & Teachers in 2018
Whoever wrote Obamacare as a law did a pretty good job in kicking some of the worst parts down the road
Continue reading →
How Much Will Bruce Jenner Pay for His Sex Change Surgery?
Bruce Jenner is in the news for wanting to go from a man to woman. From an economic perspective, if he is to get the full surgery to become a woman, how much would it cost?
Obamacare Enrollees Getting Taxed
Last week I reported H&R Block website had a new feel good name for one Obamacare tax. This week new analysis comes from Americans for Tax Reform about more taxes within the law:
The majority (52 percent) of Obamacare enrollees receiving an advance premium tax credit to purchase Obamacare insurance is facing the prospect of paying back $530 of that tax credit to the IRS, according to a new study from H&R Block. This clawback is reducing the refunds for these taxpayers by 17 percent this filing season.
Families of four earning less than $97,000 are eligible for a credit. So is a single mother with two children earning less than $80,000 and an unmarried/childless taxpayer earning less than about $12,000. By definition, these are the lowest income recipients of Obamacare health insurance outside the Medicaid-eligible population. Higher income taxpayers received no tax subsidy and aren’t facing this tax season surprise.
According to the study, a majority of credit recipients–52 percent–have had to pay back the IRS an average of $530, reducing their refunds by an average of 17 percent.
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