- IRS moves forward with health law’s employer mandate
The IRS moved forward Friday on implementing the employer mandate in President Obama’s signature healthcare law, which requires most businesses offer health benefits to their workers.
The tax agency published a 144-page regulation Friday to begin formally implementing the mandate.
Businesses that don’t offer insurance will have to pay a penalty of $2,000 per person per year if more than 30 employees receive government subsidies to help them buy insurance.
- Eyeing debt ceiling, Corker, Alexander offer entitlement-reform plan
The Republican senators want a focus on entitlement reform after Congress addresses the impending expiration of the Bush-era tax rates.
- CBC to Obama: Protect Medicaid funds in fiscal deal
The Congressional Black Caucus on Wednesday night urged President Obama protect Medicaid provider taxes from reductions, saying that failing to do so would “create insurmountable barriers to care” and would disproportionately affect racial and ethnic minorities.
Provider taxes are used by states to boost federal funding for Medicaid, and reducing them in a debt or budget deal as the “fiscal cliff” looms closer would “create insurmountable barriers to care, but also will have a disproportionate and severe impact on millions of racial and ethnic minority beneficiaries who are in need of long-term and post-acute care,” the caucus said in a letter Wednesday night.
While acknowledging that “Congress must find ways to reduce federal spending and fund a wide variety of critically important programs,” the caucus also said that it was “deeply concerned” that reducing the provider tax would negatively affect nine million people who apply for both Medicare and Medicaid benefits.
- Five ‘ObamaCare’ provisions to watch
2013 will be a big year for President Obama’s signature healthcare law.
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