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The 16 states with ObamaCare exchanges have each had access to hundreds of millions of dollars in grant money from the federal government to help establish a successful marketplace. And yet, many are finding themselves struggling with high deficits and low enrollment.
It’s been difficult not to notice that a lot of states are having terrible experiences with their ObamaCare exchanges. In fact, a recent Washington Post article reports that “Nearly half of the 17 insurance marketplaces set up by the states and the District under President Obama’s health law are struggling financially.”
The Supreme Court is expected to rule on King v. Burwell in June. At issue is whether the Affordable Care Act as written only allows for federal subsidies to go to enrollees in states that operate their own exchanges. Right now, 34 states rely on the federal government to operate the exchanges, meaning a significant amount of subsidies are on the line.
Suppose that officials from federal, state, and local governments developed a new system of collecting revenue at the beginning of the year. Instead of taking portions from each American’s paycheck throughout the year, they decided to take every cent Americans earned from January 1st until the day that all revenue had been collected for the year.
April 15th is just around the corner. This year’s Tax Day is extra special because it marks the first ever “Mandate Day,” when ObamaCare fines Americans who did not purchase government approved health insurance.
The updated Cybersecurity Information Sharing Act (CISA) easily passed through the Senate Intelligence Committee by a vote of 14-1. This is the fourth consecutive year that Congress will attempt to pass cybersecurity legislation.
From the moment Boeing laid eyes on the Export-Import Bank, it was love at first sight. Boeing has benefited from the Ex-Im Bank far more than any other company--especially last year when it secured 68.3 percent of all of the bank’s long-term loan guarantees. Their crony relationship has only strengthened over the years, to the point that people now refer to the Ex-Im as “Boeing’s Bank.”
On April 15, 2015, Tax Day becomes Mandate Day. For the first time ever in American history, ObamaCare will begin to fine people for living without government approved health insurance.
Just one week after the President said ObamaCare is working better than he expected, the Kaiser Foundation published a study that shows a whopping 95 percent of people who received advanced subsidies last year may have been handed an amount for which they were not eligible. To put that in perspective, to every 100 individuals that ObamaCare sent advanced subsidies, only five received the correct amount.
If you love to pay taxes then you’ll be happy to hear that a bipartisan group of Senators has introduced the Marketplace Fairness Act of 2015, a resurrected bill that would allow states to force businesses outside their borders to collect internet sales taxes for them.