Obamacare: Latest Trump Intervention Makes Gaming the System Nearly Impossible
US President Trump's administration has come up with stricter regulations targeted at the Affordable Care Act (ACA) otherwise known as Obamacare. And the core driver is that the Internal Revenue Service (IRS) will no longer withhold tax refunds for American citizens who fail to abide by requirements set out by ACA guidelines. To start with, the Obamacare health insurance program is a key legacy of the former Barack Obama's government and it provided health insurance coverage to over 20 million Americans who otherwise would not have been able to secure or afford health insurance policies. But then, this is one key President Obama's legacy that President Donald Trump is sworn to either scrap in its entirety or modify to some considerable extent. It seems the modification is what is taking place at the moment.
Health insurers hail Trump for the new Obamacare rules
Several health insurers hail President Trump for reviewing and making changes to Obamacare, but many beneficiaries of the program do not seem to follow since the change might signal higher out-of-pocket deductibles for the insured, Reuters point out. Meanwhile, Humana Inc. had threatened to unsubscribe from the Obamacare program by next year due to unprofitability, but with the new Trump changes, it is not clear whether it will review its chances.
Part of the changes that will be made to Obamacare as stipulated by the US Department of Health and Human Services will ensure that consumers are compelled to pay owed premiums when they sign up for new plans under the same insurer. This will ensure that everyone has an insurance policy and block avenues for gaming the system. To this extent, President Trump wants to ensure consumers will have a very difficult time changing insurance plans and benefiting from the same under the same insurer.
IRS won't withhold tax refunds where consumers ignore ACA requirements
A new ACA rule which proposes tax penalty or withheld tax refunds for consumers who failed to provide the IRS with information regarding their insurance compliance was set to take off this current filing season, but this requirement has now been set aside by the new Trump rules, The Washington Post writes. Under the former IRS requirement for Obamacare, consumers were mandated to notify the IRS that they had a policy in place, exempted from giving the notification, or would pay the required fine/tax penalty for not having a policy.
But the new Trump rule has overturned this ACA requirement and no American is required to notify the IRS of their status while filing for returns, and no penalty would be exacted for failing to do this. This means the IRS is now compelled to process the tax refunds of people who ignore the ACA requirement - a move consumers are already praising the Trump administration for. Ultimately, this will turn out that the burden of healthcare oversight functions at the federal level is drastically reduced.
Group Sues Donald Trump’s Government for Not Protecting Bees
The Natural Resources Defense Council (NRDC) on Tuesday filed a lawsuit challenging the authority of the Donald Trump government to delay designating the rusty patched bumblebee as an endangered species – a designation that ought to take effect last Friday after it was listed in the Federal Register on January 11.
Shoveling Snow after Major Snowfall Linked To Heart Attack Risks in Men
A team of Canadian researchers has underscored the potential risks of heart attack for men who shovel snow piles after any major snowfall. The researchers analyzed decades of medical data involving hospitalizations and heart attack deaths in men to reach a conclusion that snowstorms portend death for men who shovel snow.
FDA Approves Emflaza as Drug for Treating Muscular Dystrophy
The US Food and Drug Administration (FDA) has approved the use of deflazacort, marketed under the brand name Emflaza, for the treatment of Duchenne muscular dystrophy (DMD) in children. The steroid drug is manufactured by Marathon Pharmaceuticals and is the first to be so approved by the FDA to treat people with the condition in the United States.
Trump Approves Moon Mining! Here's What You Need to Know
President Donald Trump has just recently given the go signal on Moon mining, allowing NASA to advance to the next level! Here's all you need to know.
‘South Park’ Drops Donald Trump, Goes Back To Being Kids In Next Season
Trey Parker has revealed that they're ditching Donald Trump in the next season of "South Park" to bring back the old school fun of being crazy kids.
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