One figure in a new report neatly summarizes the potential pitfalls for Obamacare: 30.1%. That’s how much premiums could rise next year, on average, for the roughly 1.3 million moderate- and upper-income Californians who buy individual health insurance policies. Most of that increase is attributable to the insurance reforms in the 2010 law, also known as the Affordable Care Act. The bill’s title is not ironic — its provisions will slow the growth of healthcare costs and lead over time to a more rational and efficient system.
If you haven’t done your taxes yet, this ad from H&R Block might make you feel even more anxious. Meg Sutton, H&R Block’s senior advisor for tax and health care services, offered some details on what the big changes are. “So the big changes are, really, just filing that return,” she explained. “And so, getting into the office, recording your income and your household size, that’s the biggest change you’ll see.” But people have to do that every year. Are there new forms people have to file this year because of the health care law? “Not this year, no,” said Sutton.
Californians who buy individual health plans will see their premiums increase an average of 14 percent next year under the Affordable Care Act, but payments will largely depend on income, age and where they live, according to a new report released Thursday by California’s health care exchange.
The federal healthcare law will help cause insurance premiums to rise 30% on average for many middle-income Californians next year, but lower-income consumers could save up to 84%, a new government report says. Covered California, the state agency that commissioned the report issued Thursday, said federal subsidies and decreases in out-of-pocket medical expenses should offset most of the higher premiums for people buying their own health coverage.
Restaurant owners have been fierce critics of the health-care overhaul law, fearing that its mandate for employers to offer insurance more broadly will drive up costs and deter hiring. Now, some operators say the law may not be that costly after all. They say many employees won’t qualify for coverage, and many of those who do qualify will decline company-offered insurance.
The third anniversary of the Affordable Care Act, also known as Obamacare, came and went last week without much fanfare. But think about it: health care reform has been a reality for three years now. And it’s about to become even more real for every business owner in nine months.
Payroll information is critical as employers strive to meet requirements of the Affordable Care Act, Treasury Department and Internal Revenue Service officials said at the American Payroll Association’s annual Capital Summit March 11 and 12 in Washington.
The most dramatic changes mandated by the Affordable Care Act, aka “Obamacare,” kick in by 2014. These companies are poised for big growth as they work with hospitals, insurance providers and others scrambling to hit deadlines.
While most of us face uncertainty with the rollout of healthcare reform, some insurance companies in California have been feeling their oats lately. Here’s how they’re responding to Insurance Commissioner Dave Jones’ warnings that their latest rate increases are unreasonable: Stuff it, Dave.
This past Saturday marked the third anniversary of the enactment of the Patient Protection and Affordable Care Act, also known as Obamacare, which includes sweeping reforms of our health care system. Although health care consumers will see some of the landmark law’s biggest changes beginning in 2014, many of the law’s reforms have already benefited millions of Americans.
WASHINGTON—The push to repeal the 2010 federal health-care law’s tax on medical devices got a boost in the Senate this week, but the search to replace the nearly $30 billion the levy provided to fund other parts of the law will impede efforts to unwind it.
This poll from the Kaiser Family Foundation tells you almost everything you need to know about the politics of Obamacare. It is, by now, so well known as to be almost a cliche: Obamacare is unpopular even though most of its major provisions are highly popular. But this Kaiser poll adds to our understanding.
The Affordable Care Act has been law of the land for three years now — President Obama signed the legislation on March 23, 2010 — but it remains a source of controversy and mystery for many Americans. Meanwhile, some of the most significant parts of the law have yet to take effect.
A year ago, the Affordable Care Act’s outlook appeared uncertain, with the Supreme Court decision on the law’s legality and a contentious election fight over its merits still on the horizon. Today, with both of those events unfolding in favor of the landmark law, ObamaCare continues to take effect, having already achieved so much, yet with so much more to come later this year.
Love it or hate it, here it comes. Health-care advocates held a series of events throughout California on Thursday to celebrate the third anniversary of Congress’ passage of the Affordable Care Act and to urge state officials to move quickly in preparing for its implementation in January.