By BombThrowers -- Hayden Ludwig ——Bio and Archives--August 29, 2017
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. . . exercise all authority and discretion available to them to waive, defer, grant exemptions from, or delay the implementation of any provision or requirement of the Act that would impose a fiscal burden on any State or a cost, fee, tax, penalty, or regulatory burden on individuals . . .IRS penalties for the uninsured were originally 1 percent of adjusted household gross income, or a $95 fee, whichever was higher. In 2016 that figure climbed to 2.5 percent of adjusted household gross income, or a $695 fee. In the latest figures, penalized taxpayers paid an average of $708 in fines for remaining uninsured. The climbing penalties may be an indicator that the larger ACA system is on the verge of failing. As more health care providers withdraw from Obamacare exchange markets, fewer Americans have access to health insurance – but are still stuck with IRS penalties. In February, Molina Healthcare—a provider once hailed as one of the exchange “bright spots” which primarily covers poor people—announced a $110 million loss on the ACA exchange markets. The Heritage Foundation, a conservative think tank, has documented a nearly 50 percent failure rate among ACA providers, which it claims “seem to be falling like dominoes.” Capital Research Center (parent of Bombthrowers) has written about the need to “go big on liberty” with free market health care reform. Catch our short video detailing three changes that could give consumers greater freedom and expand access to effective, affordable health care here:
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Bombthrowers is a blog about politics and the war for the hearts and minds of Americans from a conservative viewpoint.
In line with our name, we do not hold back. We have a take-no-prisoners attitude when it comes to fighting for conservative principles. The Left doesn’t play nice, and that’s why they’ve been winning. It’s time for conservatives to rise up and turn the tide.
We’re not afraid to take on anyone, especially the Washington Establishment—Republican or Democrat.
Bombthrowers is a project supported by the Capital Research Center. Its editor-in-chief is Matthew Vadum.