A possible problem repealing Obamacare
With the new Administration in the White House there has been a call by many when it comes to repealing Obamacare. Our nation’s healthcare law that was enacted in 2010 which is better known as the Affordable Care Act (ACA). […]Read more
And the Regulations will be Televised
- 401(k), ACA, Affordable Care Act, Congress, Dan McGrath, Fidelity Health Care, financial planning, Healthcare, Healthcare Costs, Healthview, Medicare, Modern Healthcare, Obamacare, Part B, Part D, Retirement, Social Security, the Budget
Back in 1997, our government began its quest to tackle the unsustainable increase in healthcare spending by enacting legislation which created a formula, aptly titled “the Medicare Sustainable Growth formula”, through the Balanced Budget Act of 1997 (BBA).
This formula was designed to limit the “growth in spending for physicians’ services by linking updates to target rates of spending growth. The law provides for a mechanism for enforcement of the target rate of growth. When spending increases exceed the targeted rate of growth, payments are automatically reduced across the board”. (more…)Read more
Money for nothing and your healthcare for free…I want my subsidies
- ACA, Affordable Care Act, Dan McGrath, Filial Support Law, financial planning, Health, Health Costs, Health Insurance, Healthcare, Healthcare Costs, Long Term care, Medicaid Recovery Act, Medicare, Obamacare
“Money for nothing and your health care for free…”
Not exactly the line from the 1985 Dire Straits hit, but lately it seems to fit the mantra of many in the country, especially after the Affordable Care Act passed and everyone learned about “subsidies”.
“I want my, I want my, I want my subsidies…”
According to the ACA, and when our government decides to enforce our nation’s laws (keep in mind that the ACA passed in 2011 and was put on hold for a while), everyone must have health insurance or else. But for those who happened to be earning below certain specified amounts, they just may qualify for “money for nothing and health care for close to free”. The qualifications are outlined below: (more…)Read more
Why was the Affordable Care Act created?
As the year known as 2014 comes to a close and the new year of 2015 creeps closer the subject of the Affordable Care Act (ACA) may start to overtake the conversation of Americans as the Individual Mandate may finally be enforced throughout the country.
The question, at times, that has been raised at many conferences and seminars I have spoken at has been “why was the Affordable Care Act even been created” especially as it would seem that it may not be all that affordable and that many people seem to be diametrically opposed to it.
The answer, believe or not, can actually be found in the law itself as it clearly states, with in HR 3590, on pages 124 through 134 of the “Individual Responsibility” section the reason why.Read more
Planning for your parents retirement…you should be!
- ACA, Affordable Care Act, Fidelity Health Care, Filial, Filial Support Law, financial planning, financial plans, Health, Health Insurance, Healthcare, Medicaid, No Health Insurance, Obamacare, Pittas, Retirement, Retirement Planning
Ever hear of Filial Support Law?
The little unknown law on the books of 29 states that has the possibility to impact anyone who has a parent residing in them. Under this law each state can go after the families of people who have unpaid health costs which they accrued while being enrolled under Medicaid.Read more
What you don’t know about Obamacare will hurt you… The Cadillac Tax
- Cadillac Tax, Employee health insurance, Health, Health Care, Health Insurance, Healthcare, No Health Insurance, Obamacare, Taxes
Pages 729 through 736 lay the breathe taking groundwork of a new tax, the Cadillac Tax, that will impact not only you, but also your employer (this includes any of those defined as self employed too!).
This new tax, the Cadillac Tax, which is detailed on page 729 of the Affordable Care Act is a penalty on any employee who has excessive health coverage through employment in terms of a dollar amount and it will be imposed on:Read more
Why Health Insurers are canceling health plans due to Obamacare
As the Affordable Care Act (ACA) settles in it has been come increasingly clear that not everybody will be able to keep their plan. The reason why health insurers are canceling health plans, if one was to a little digging, is really simple.
Due the ACA or Obabacare there have been specific mandates in what is needed to be offered in every health plan in terms of what is provided as coverage and some of these specifics can found on pages 36 through 38 of the actual law (if somebody just read this before they voted to pass it things may have been different).Read more
Obamacare will be great for the economy, but unfortunately it may not be for you
- Employee health insurance, Employer. Corporations, Health, Health Care, Manufacturing, Medicare, Obamacare, Presidential Budget, Retirement, Social Security, Taxes, Unemployment
Obamacare will be great for the economy, but unfortunately it may not be for you. Believe or not the way Obamacare has been designed the potential for overall economic growth be can achieved, however when it comes to you that won’t be the case.
Believe it?Read more
California driver’s license for illegal immigrants = health costs for free
According to a San Jose Mercury News report on October 3 “Gov. Jerry Brown Thursday signed legislation that restores the privilege of obtaining driver’s licenses by illegal immigrants” and the reason why Governor Brown passed this legislation, according to Mercury News, is because this “bill will make California’s roadways safer by requiring that newly licensed motorists obtain insurance and take roadway safety courses.”
Now, that may be the case and the case may be that California is looking to create even more revenue from those road tests illegal immigrants will have to take, more revenue from all of those licensing fee illegal immigrants will have to pay and quite possibly even more revenue from the sale of all of the vehicles by said illegal immigrants can now buy without scrunity, but could be there also be another reason?Read more
While you are looking at Obamacare, something else just happened to your retirement
- Health, Health Care, Healthcare, Medicare, Medicare Modernization Act, MMA, Obamacare, Presidential Budget, Social Security
While you are looking at Obamacare, something else just happened to your retirement. Instead of trying to decipher what may happen to investors, the real problem is is what will happen to investors in the future due to legislation that has already been implemented well before Obamacare was even thought of.
There are 3 key pieces of legislation that have to be understood in order to properly plan for retirement: (more…)Read more