Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

New User Account
"A comprehensive, collaborative elections resource." 
Email: Password:

  Seven million will lose insurance under Obama health law
NEWS DETAILS
Parent(s) Issue 
Contributorkal 
Last Editedkal  Feb 06, 2013 05:17am
Logged 0
CategoryNews
News DateWednesday, February 6, 2013 11:00:00 AM UTC0:0
DescriptionPresident Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.

CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.

But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.

Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade — the same as last year's projection.

Share
ArticleRead Full Article

NEWS
Date Category Headline Article Contributor

DISCUSSION