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Concerns Heighten on Obamacare Issue
UNDATED -- The IRS should not be allowed to oversee implementation of Obamacare. That's the message Tuesday night from leaders in the U.S. House.
They plan to introduce bills to stop the IRS from enforcing the new health care law.
According to a Rasmussen poll, 55 percenet still have an unfavorable view of Obamacare, while only 39 percent favor it.
All of this comes about a week after the government gave businesses a one-year extension on mandates for employee insurance.
It has been more than three years and three months since President Barack Obama's health care bill passed.
A recent change to the legislation has heightened concerns in households and on Capitol Hill.
According to Rep. Mike Turner, "If the administration that continues to issue waivers had issue delays, it's not really the structure of Obamacare as originally passed. There's going to need to be a significant review of what type of amalgamated creature this is going to become."
The most recent change gave employers an extra year before they'll be required to report.
Michael Tanner, Senior Fellow at the Cato Institute, says that has shifted the burden to the backs of individuals instead. "The workers still face an individual mandate, meaning even if their employer doesn't provide them with work insurance that they will have to buy insurance on their own or face a penalty."
The question many are asking is how many will simple choose to pay the penalty?
Starting next year, the fee will be 1% of an individual's yearly income or $95, whichever is higher, and those numbers will increase over time.
Tanner says, "even with the penalties of the individual mandate, it's cheaper for the young people to pay the penalty than it is to buy insurance."
If that happens, the concern is that those with insurance will see their rates skyrocket.
The White House continues its push to sell the plan.
White House Spokesman Jay Carney says, "Obamacare provides financial assistance through this provision to low-income Americans and it provides built-in flexibility to ensure those who cannot afford coverage are not punished."
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Japan stocks soar 5 percent, yen falls on stimulus
SEOUL, South Korea (AP) -- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.
WEST PALM BEACH, FL -- (Marketwired) -- 03/21/14 --
Companies that pride themselves on being eco-friendly may have conflicted
ideas between marketing with ad specialties and maintaining their green
LOS ANGELES (AP) -- It's expected to be one of the top movies of the year.
FLORHAM PARK, N.J. (AP) -- Michael Vick?
IN THE NEWS: APPLE'S CEO COMES OUT AS GAY
NEW YORK (AP) -- Apple's Tim Cook says it wasn't an easy choice to come out as gay.
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