Posted on 05/17/2010 7:16:56 PM PDT by socialismisinsidious
Obamacare’s Avalanche of IRS Paperwork (Small Business: Be prepared to fill more forms)
National Review ^ | 05/17/2010 | Deroy Murdock
Posted on Monday, May 17, 2010 1:59:18 PM by SeekAndFind
Pres. Barack Obama promised Americans “health-care reform.” So far, “health-care form” is more like it.
Obamacare is devolving into the Paper Industry Salvation Act of 2010. This new law spans 2,562 tree-killing pages. Far worse, it will force Americans to spend countless irritating hours completing, transmitting, and filing endless reams of federal paperwork.
The scariest news for America’s forests may be a brand-new mandate that will compel each business — from General Electric to the neighborhood handyman — to file an IRS Form 1099 for every business on which it spends at least $600. Form 1099 today applies only to independent contractors, e.g. a graphic artist who earns $1,000 for designing a sales brochure. Come 2012, Obamacare will vastly expand 1099s to sellers of goods as well as services, and not just the self-employed, but also businesses — large and small.
Healthcare overhaul's tax provisions have small firms crying foul
Los Angeles Times ^ | May 17, 2010 | Sharon Bernstein
Posted on Monday, May 17, 2010 1:30:23 AM by SmartInsight
Small businesses fear that they may face expensive new payroll paperwork requirements as part of little-known tax provisions in President Obama's healthcare overhaul.
Starting in 2012, the law would require all businesses to file special forms with the Internal Revenue Service not just for freelancers who work for them, as in the past, but also for stores, vendors and anybody else from whom they buy more than $600 in goods or services over the course of a year.
Health care enters the race (Delusional Democrat Claims We Want Obamacare)
politico ^ | SEN. ROBERT MENENDEZ
Posted on Monday, May 17, 2010 9:28:19 AM by big black dog
After a 100-year struggle, Congress finally did the right thing and passed comprehensive health care reform, which President Barack Obama signed into law less than two months ago.
Why Illinois is drowning in red ink: 75% of “All kids” healthcare program services illegal aliens
The Collins Report ^ | May 17, 2010 | Kevin “Coach” Collins
Posted on Monday, May 17, 2010 9:57:18 AM by jmaroneps37
Obamacare’s Hidden Costs - Democrats have unleashed a tidal wave of unintended consequences.
City Journal ^ | 13 May 2010 | Paul Howard
Posted on Monday, May 17, 2010 3:06:39 PM by neverdem
While the full cost of President Obama’s health-care legislation won’t be apparent until federal subsidies to the uninsured start flowing in 2014, Americans are getting an early glimpse of some of the unintended—but very costly—consequences of rushing through a 2,400-page bill affecting 17 percent of the economy. Since the president signed the bill into law on March 23, dozens of companies have reported to the Securities and Exchange Commission the losses that they expect to take as a result of the legislation. (Companies that offer drug benefits to their retirees will now be taxed for the partial federal subsidy that they receive for each retiree.) The U.S. Chamber of Commerce estimates that as many as 40 major companies will take a hit, for a total of $3.4 billion; other cost estimates run even higher.
Five "Most Vulnerable" who flipped on health care (including Gibson's NY20 opponent)
Politico ^ | 5/17/10 | JOSH KRAUSHAAR
Posted on Monday, May 17, 2010 8:06:17 PM by lowtaxsmallgov
They were the difference makers on health care reform: House Democrats who flipped from opposing the plan to supporting it, delivering a win on President Barack Obama’s signature domestic issue.
Now, they are also among the Democrats’ most vulnerable incumbents, and none is building a reelection message around their famous vote.
No, You Can't Keep Your Health Plan
Wall Street Journal ^ | 5/17/10 | SCOTT GOTTLIEB
Posted on Monday, May 17, 2010 8:41:05 PM by rhema
President Obama guaranteed Americans that after health reform became law they could keep their insurance plans and their doctors. It's clear that this promise cannot be kept. Insurers and physicians are already reshaping their businesses as a result of Mr. Obama's plan.
The health-reform law caps how much insurers can spend on expenses and take for profits. Starting next year, health plans will have a regulated "floor" on their medical-loss ratios, which is the amount of revenue they spend on medical claims. Insurers can only spend 20% of their premiums on running their plans if they offer policies directly to consumers or to small employers. The spending cap is 15% for policies sold to large employers.
Fudging ObamaCare Costs
Washington Times ^ | May 17, 2010 | Editorial staff
Posted on Monday, May 17, 2010 9:05:09 PM by raptor22
Greece is the word when it comes to upside-down economies, but America is hardly giving the world a better fiscal example. U.S. government debt continues to spiral out of control, thanks in large part to Obamacare.
Long after the votes to approve the government takeover of health care, bureaucratic number-crunchers are finally doing the math to figure out how much it will cost. The Centers for Medicare and Medicaid Services concluded in April that Democrats double-counted projected Medicare spending cuts as savings and for helping ease existing financial strains on the Medicare system. It can't do both. Correcting this accounting gimmick adds $89 billion to government medical costs over the next decade.
Coverage Denied. Why is the Federal government telling the chronically ill they deserve no help?
The New Haven Advocate ^ | May 12 2010 | Betsy Yagla
Posted on Sunday, May 16, 2010 2:50:50 PM by Brugmansian
Almost every week for several years, Anne Marie Maffuid received a yellow piece of paper saying that the Medicaid-provided care for her mother would be terminated.
The reason: Maffuid’s mother has ALS and her condition wasn’t improving. ALS is a chronic disease, which, almost by definition, means that her condition is not expected to improve. There is no cure for ALS. Wheelchair-bound, Maffuid’s mother needed help showering and feeding herself, among other things; Medicare paid for a visiting nurse and therapy.
As Medicaid Payments Shrink, Patients Are Abandoned
ny times ^ | March 15, 2010 | KEVIN SACK
Posted on Sunday, May 16, 2010 2:58:54 PM by george76
Dr. Sahouri ...like a growing number of doctors, he had stopped taking patients with Medicaid.
Dr. Sahouri said that his reimbursements from Medicaid were so low — often no more than $25 per office visit — that he was losing money every time a patient walked in his exam room.
Public Option Is Alive And Well, But Hidden
Washington Examiner ^ | May 17, 2010 | Editorial staff
Posted on Monday, May 17, 2010 8:28:25 PM by raptor22
House Speaker Nancy Pelosi wasn’t kidding when she famously said Congress had to pass Obamacare “so you can see what’s in it.” And now as more people find out what’s in the 2,700-plus pages of the law, a steadily lengthening list of President Barack Obama’s promises are being exposed as empty.
Obamacare was going to reduce federal health care spending. Now, the Center for Medicare and Medicaid Services in the president’s own Department of Health and Human Services estimates federal health spending will increase at least $311 billion. Obamacare was going to let everybody keep their private health insurance if they chose to. Now Fortune magazine reports that companies across the country are looking at dropping health coverage for their employees because Obamacare makes it profitable to do so. Obamacare was not going to raise insurance premiums. Now another CMMS report says premiums are going up because of Obamacare’s provision allowing children to stay on their parents’ policies until age 26.
health over haul hits commissions
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