Another provision of the health care law is failing to live up to its lofty promises. Accountable Care Organizations (ACOs), described in a seven-page provision included in the law designed to lower costs for Medicare recipients, are having difficulty attracting interest from possible participants.
Today is the last tax day individuals with health savings accounts, flex spending accounts or health reimbursement accounts will enjoy tax-free over-the-counter medication benefits.
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"Nobody is more aware of the uncertainty of these projections than those of us who were responsible for putting them together..."
"...One very important uncertainty is how employers will respond to the existence of subsidies for buying insurance coverage in the new exchanges..."
During a Health Subcommittee hearing on the true cost of the health care law, CMS Chief Actuary Rick Foster today told Rep. Mike Rogers (R-MI), "For businesses that have relatively low-income workers, it can turn out to be a win/win for them to drop their former coverage and assist their employees into getting coverage through the exchange."
It has been one year today since Obamacare became law, and in that time, we have certainly continued to "find out what's in it." The latest revelation?
According to CBO's latest estimates, the cost of Obamacare has increased by $500 billion.-- Meaning, in only one year, the cost has increased from an already staggering $938 billion price tag to $1.445 trillion.
Let's put that into perspective. Half a trillion dollars could buy: