Democrats are desperately trying to hold on to the illusion that Obamacare is a success, even if it means subsidizing 80% of the premiums for solidly middle-class Americans. I took advantage of the subsidies in 2022, but discovered I no longer qualified in 2023 after the year was already up. A change in retirement planning caused the Internal Revenue Service to claw back my entire subsidy (nearly $5,000) when I filed my 2023 taxes. The goal of reformers should be to reform the Affordable Care Act (ACA), not subsidize it. Republicans should work to allow plans that Americans want to buy and are willing to pay for.
Category: Affordable Care Act
Tuesday Links
- “The average 12th-grade reading scores are now lower than at any time since [the NAEP] reports began publishing 33 years ago. Once again, top performers merely stagnated, but scores from the lowest performers fell through the floor.” (NYT)
- “Public housing projects [eradicated] healthy black neighborhoods in cities such as St. Louis, Cleveland, Detroit and Washington, along with thousands of black-owned businesses, and replaced with housing projects that later became such social disasters that they had to be demolished using explosives.” (WSJ)
- No nation has more rare earth minerals than the US does.
- AARP got $9 billion from UnitedHealth last year.
Should Nonprofit Hospitals Do More to Earn Their Tax Exemption?
There are nearly 3,000 nonprofit hospitals in the United States. Keep in mind, nonprofit status is a tax election. It does not mean a hospital is not trying to earn a profit. Rather, it means a hospital is trying to either: a) break even by spending its profits on a charitable mission, or b) plowing profits back into expansion. Hospitals tend to do the latter, rather than the former.
Democrats Fight to Extend Obamacare Costly Middle-Class Subsidies
Democrats in Congress are desperately trying to keep Obamacare on life support. The latest scare tactic is from the Kaiser Family Foundation (KFF), which estimates that Obamacare premiums will rise 114% without extending the so-called enhanced subsidies.