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Obamacare Is Barely Denting Corporate Profits

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~~~~BloombergBusiness1

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The biggest entitlement legislation in a generation is causing barely a ripple in corporate America.

The Patient Protection and Affordable Care Act — otherwise known as Obamacare — is putting such a small dent in the profits of U.S. companies that many refer to its impact as “not material” or “not significant,” according to a Bloomberg review of conference-call transcripts and interviews with major U.S. employers.

That’s even after a provision went into effect this year requiring companies with 50 or more full-time workers to provide coverage, and after more workers are choosing to enroll in existing company coverage because of another requirement that all Americans get insured.

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Click link below for article (Obamacare Barely Affecting Corporate Profits…):

http://www.bloomberg.com/news/articles/2015-02-19/obamacare-proving-not-a-burden-to-u-s-from-chipotle-to-wal-mart

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~~~~Vox1

Click link below for article (8 Ways The Law Has Proven Its Critics Wrong…):

http://www.vox.com/2015/2/19/8069117/obamacare-critics-wrong

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New Questions Swirl on an Affordable Care Act Challenger

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~~~~WallStreetJournal1

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One of the plaintiffs in the Supreme Court case against the Affordable Care Act listed a short-term-stay motel as her address when she joined the lawsuit, potentially calling into question her basis for suing.

Rose Luck is among four plaintiffs suing the Obama administration to eliminate tax credits under the law that make health insurance cheaper for millions of Americans. They say the wording of the 2010 law allows consumers to tap the credits only in states that run their own insurance exchanges, and not their home state of Virginia, which is one of as many as 37 states that use the federal enrollment system.

The plaintiffs say that, by making their insurance more affordable, the tax credits subject them to the law’s requirement that they carry insurance or pay a fee, which they oppose.

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Click link below for article:

http://www.wsj.com/article_email/new-questions-swirl-on-an-affordable-care-act-challenger-1423527427-lMyQjAxMTE1NzAzOTYwNzkwWj

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The Supreme Court at Stake

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~~~~TheInternationalNewYorkTimes1

 

 

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In the first Affordable Care Act case three years ago, the Supreme Court had to decide whether Congress had the power, under the Commerce Clause or some other source of authority, to require individuals to buy health insurance. It was a question that went directly to the structure of American government and the allocation of power within the federal system.

The court very nearly got the answer wrong with an exceedingly narrow reading of Congress’s commerce power. As everyone remembers, Chief Justice John G. Roberts Jr., himself a member of the anti-Commerce Clause five, saved the day by declaring that the penalty for not complying with the individual mandate was actually a tax, properly imposed under Congress’s tax power.

I thought the court was seriously misguided in denying Congress the power under the Commerce Clause to intervene in a sector of the economy that accounts for more than 17 percent of the gross national product. But even I have to concede that the debate over structure has deep roots in the country’s history and a legitimate claim on the Supreme Court’s attention. People will be debating it as long as the flag waves.

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Click link below for article:

http://www.nytimes.com/2015/02/05/opinion/overturning-obamacare-would-change-the-nature-of-the-supreme-court.html?_r=0

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Law in the Raw

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~~~~TheInternationalNewYorkTimes1
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Nearly a week has gone by since the Supreme Court’s unexpected decision to enlist in the latest effort to destroy the Affordable Care Act, and the shock remains unabated. “This is Bush v. Gore all over again,” one friend said as we struggled to absorb the news last Friday afternoon. “No,” I replied. “It’s worse.”

What I meant was this: In the inconclusive aftermath of the 2000 presidential election, a growing sense of urgency, even crisis, gave rise to a plausible argument that someone had better do something soon to find out who would be the next president. True, a federal statute on the books defined the “someone” as Congress, but the Bush forces got to the Supreme Court first with a case that fell within the court’s jurisdiction. The 5-to-4 decision to stop the Florida recount had the effect of calling the election for the governor of Texas, George W. Bush. I disagreed with the decision and considered the contorted way the majority deployed the Constitution’s equal-protection guarantee to be ludicrous. But in the years since, I’ve often felt like the last progressive willing to defend the court for getting involved when it did.

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!!!!!SurpremeCourt1The Supreme Court
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Two Republican Judges Gut Obamacare, Threatening Health Care For Millions

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FROM

Huffpost Politics

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Two Republican judges on the D.C. Circuit Court have ruled that the equivalent of a typo is enough to strip health care subsidies from up to five million people, dealing what would be a death blow to the Affordable Care Act if the decision is allowed to stand. The one Democrat on the panel dissented.

The three-judge panel ruled in Halbig v. Burwell that people in the 36 states that use the federal health insurance exchange are ineligible for subsidized insurance. The decision would also affect those who purchased insurance through the exchange but don’t receive subsidies, as reneging on the payments would lead to a rapid increase in insurance rates for everyone.

The White House said Tuesday the decision will be appealed to the entire D.C. circuit court — what’s known as an en banc review — where Democrats hold a majority that is nearly certain to overturn the GOP judges’ aggressive move. The next step could be the Supreme Court, which already upheld the Affordable Care Act in a separate case two years ago.

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The ruling against Obamacare subsidies would affect anyone using a federally facilitated marketplace or partnership marketplace. Source: Henry J. Kaiser Family Foundation
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Here’s How Much Your State Is Losing If It Didn’t Expand Medicaid

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FROM

Huffpost Politics

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Following a 2012 Supreme Court ruling that made Medicaid expansion under the Affordable Care Act optional for states, 20 states have opted out of the reform, rejecting billions of dollars of federal funding for low-income residents. Texas and Florida will lose more than $9 billion and $5 billion, respectively.
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Obamacare’s Benefits Become Real On New Year’s Day

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FROM

politics

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When the clock strikes midnight for the new year Wednesday, it also will ring in a new day for the American health care system.

President Barack Obama signed the Affordable Care Act into law nearly four years ago, and Jan. 1, 2014, culminates a lot of work, strife and anxiety. It also represents the birth of a new health insurance market for individuals who aren’t covered by their employers or government programs like Medicare, especially for low-income and uninsured people receiving unprecedented help paying for coverage.

Starting on Wednesday, health insurance companies can’t turn away anyone because of their medical histories or pre-existing conditions. Prices can’t be higher for people with chronic ailments, or for women, and older individuals can’t be charged more than three times what younger customers pay. Basic benefits like hospitalizations, prescription drugs and mental health care must be covered. Annual and lifetime limits to essential coverage are gone. And nearly everyone must obtain health coverage or face a tax penalty under the law’s individual mandate.

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