Affordable Care Act Archives - The Connecticut Star

AARP Spent Millions Advocating for New Laws That Likely Benefit a Major Corporate Backer

December 26, 2023 Connecticut Star Staff

AARP, an organization that represents the interests of retired Americans, spent tens of millions of dollars promoting provisions in the Inflation Reduction Act (IRA) that likely benefit the bottom line of one of the group’s major corporate backers.

AARP spent more than $60 million between 2019 and summer 2022 advocating for a provision that eventually made it into the IRA allowing Medicare to negotiate with pharmaceutical companies over the prices of certain drugs, according to an article posted on the group’s website. The provisions would require the Department of Health and Human Services (HHS) to negotiate the prices of certain drugs with drug manufacturers starting in 2026.

Commentary: Limiting Short-Term Health Care Plans Will Hurt Americans

July 16, 2023 RealClearWire

Mike Pirner had emergency gall bladder surgery shortly after buying short-term medical insurance plan (STM), for $150/month. The costs associated with the procedure were $100,000 — Mike only had to pay his $2,500 deductible, which was also his out-of-pocket maximum. President Biden has proposed rules released Friday of the July 4th week that would limit these plans to three months, with one additional month possible. Currently, these plans can last up to three years.

Commentary: Republicans Must Not Surrender to Bernie Sanders on Healthcare

July 9, 2023 Connecticut Star Staff

I’ve said it before and I’ll say it again: the GOP needs an effective healthcare agenda. There are many policies and programs they could be championing to help families deal with rising costs — especially now with control in the House and a slim Democratic majority in the Senate — but unfortunately, they’ve failed to capitalize on this issue so far.

Republicans are missing an important opening; last year 90 percent of voters said a candidate’s plan for reducing the cost of healthcare would be important to them and 39 percent went so far as to say they would likely cross party lines to vote for a candidate who makes reducing healthcare costs their top priority!

Biden Signs $740 Billion Climate, Tax and Health Care Bill into Law

August 17, 2022August 16, 2022 The Center Square

President Joe Biden signed a $740 billion spending package into law Tuesday, the final step for the green energy, health care and tax hike bill after months of wrangling and controversy, in particular over the legislation’s hiring of 87,000 new IRS agents to audit Americans.

Democrats at the White House Tuesday touted the bill’s deficit reduction of $300 billion over the next decade. The bill includes several measures, including a $35 per month cap on insulin copays, an extension of Affordable Care Act subsidies, and authorization for Medicare to negotiate certain drug prices.

Democrats Worry About Spike in Obamacare Premiums Ahead of Midterms

May 31, 2022May 30, 2022 Admin

As Democrats head into the November midterms with historically low approval ratings, another major factor could arise that will further contribute to the shrinking of their already-slim majorities.

As reported by The Hill, the Affordable Care Act – known colloquially as “Obamacare” – could face a significant increase in premiums due to a lapse in special funding provided by the coronavirus aid bill passed last year. That bill, known as the American Rescue Plan, temporarily increased financial assistance for Americans seeking healthcare through Obamacare; the increase was set to expire just one year after the bill’s passage.

Commentary: The IRS Can’t Get the Basics Right, So Don’t Add to Its Authority

February 22, 2022February 21, 2022 RealClearWire

All taxpayers are dealing with a disastrous filing season this year, with the IRS backed up on processing millions of returns and refunds from last year and communication from the agency nonexistent at best. But some taxpayers will have an added headache in the future as a result of an unnecessary new paperwork requirement that went into effect this year. Fortunately, however, legislation introduced by Sen. Bill Hagerty (R-TN) would address this issue by removing the burdensome new requirement.

Ever since IRS Commissioner Chuck Rettig claimed last year that the “tax gap,” or the gap between what the IRS collects and what it believes it is owed, could be as large as $1 trillion, politicians and legislators have been scrambling to propose ways to collect all that missing revenue. That’s despite the fact that more sober analyses show that the $1 trillion figure is probably wildly exaggerated, that it is functionally impossible to wholly prevent tax evasion, and that a far greater concern is the IRS’s inability to handle its taxpayer service responsibilities.

But as far as proposals to collect all this supposed “extra revenue” go, most of the focus has rightly been on schemes to drastically increase the IRS’s enforcement budget and allow the IRS to snoop on taxpayers’ financial accounts. But another more targeted change has already gone into effect, and is already causing problems.