11/13/2012

Only 16 states and the District of Columbia are on track to establish healthcare exchanges

Fox News has this:
. . . As many as 16 states and the District of Columbia are on track to establish their own exchanges, while at least nine have decided they will not. Those nine states, if they chose not to run their own exchanges, have until February 15 to commit to a state partnership exchange and submit their plan. Otherwise, the federal government will run the exchanges. 
Employer and individuals face similar decisions and deadlines. 
Businesses with 50-plus workers will essentially be assessed a fee of $2,000 to $3,000 per full-time employee for not offering coverage. Their deadline is Jan. 1, 2014. 
Residents who don't have insurance through an employer, with few exceptions, also have until January 2014 to decide whether to buy insurance through the exchanges or face a penalty assessed through the Internal Revenue Service. 
The fines essentially begin in 2014 at $95 per adult and $47.50 per child, then increase to $695 per adult and $347.50 per child by 2016, according to the Kaiser Foundation. There are lingering questions about whether the IRS would enforce those fines. . . .
A list of firms that are going to lay off workers as a result of Obamacare is available here.  Papa John's is one company making the obvious point that it will have to cut back on the number of full-time employees.  Many leftwing organizations are attacking firms for having to do what is pretty obvious (see the discussion at the Daily Kos here on Papa John's, here, and here).

Betsy McCaughey has an op-ed on this in today's New York Post.
If you get your health insurance through a job, you might lose it as of Jan. 1, 2014. 
When you file your taxes, you will have to show proof that you are enrolled in the one-size-fits-all plan approved by the federal government. 
If you’re a senior or a baby boomer, expect less care than in the past. 
For the first time in history, the federal government will control how doctors treat privately insured patients. 
If you sell your house and make a profit, you’ll likely be paying a new 3.8 percent tax on the gain. 
A related WSJ piece is available here.

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