Mercy Health announced Thursday it will fire 347 workers due to “increasing challenges to our reimbursement structure as we adjust to reductions mandated by the Affordable Care Act,” the company said in a statement.
President and CEO of the Mercy system, Lynn Britton, said the Obamacare-induced layoffs are taking a toll on workers and their families.
Those Americans who didn’t get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting.
The Affordable Care Act requires those who didn’t have insurance last year and didn’t qualify for one of the exemptions to pay a tax penalty, which was widely cited as $95 the first year. But the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household income as their penalty.
The bill has arrived for all of President Obama's initiatives, from Obamacare to Dodd-Frank banking regulations to school lunches, and state and local governments are choking on the costs and paperwork mandated to comply with new laws, according to a new analysis.
The tab: $35 billion in unfunded regulatory costs and at least 75 million hours of paperwork, according to American Action Forum, the center-right policy institute headed by former Congressional Budget Office Director Douglas Holtz-Eakin.
Sen. Jeff Sessions (R-Ala.) is pressing his Republican colleagues to block fast-track trade legislation ahead of an expected procedural vote on Tuesday.
"As conservatives, we should look before we leap," Sessions said in a letter to his fellow Senate Republicans on Monday. "We have a second chance to get answers, but we will only get them if cloture is not invoked."
A responsible financial institution would not extend a new loan of between $17 and $40 billion to a borrower already struggling to pay back an existing multi-billion dollar loan. Yet that is just what the International Monetary Fund (IMF) did last month when it extended a new loan to the government of Ukraine. This new loan may not make much economic sense, but propping up the existing Ukrainian government serves the foreign policy agenda of the U.S. government.