Each year, the Trustees for Social Security release an annual report on the financial outlook for Social Security and Medicare. The key takeaway this year: Both face long-term financing shortfalls.
On Tuesday, the White House introduced the American Health Care Act to the American people. Buried in the plan were ten pages focusing on limiting the rights of lottery winners to claim Medicaid.
The IRS has finally released proposed regulations relating to the requirement to maintain minimum health care insurance coverage under the terms of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended (“ACA”). Under the terms of ACA, there is a “shared responsibility to reform and…
Days before the Congressional Budget Office (CBO) released its revised figures for the Affordable Care Act (ACA, or the health care act), the spin had already started. Depending on what you read, your take was either that we were approaching the end of the world wherein President Obama and the Supreme Court (SCOTUS) had bankrupted…
My favorite part of tax law and tax policy, after I’ve sorted through it all in my own head, is picking the brains of my readers. I love hearing what other taxpayers think about tax policy and how the interpretations of the readers might differ from my own. That’s the fun part of having a…
If you stayed up to watch the marathon Braves/Pirates game, the one that lasted 19 innings, you kind of know how most people feel about waiting for the debt ceiling deal to be made. It’s been long. And no one was quite sure how it was going to end. And if you saw the end…
Barack Obama may not yet be in office but his economic team is already plugging away at an economic stimulus package. According to Vice President Elect Joe Biden, the package will include investments in health care, energy, education and infrastructure. The stimulus package has been touted as providing relief for the jobless and the middle…
Like many other states, Mississippi is feeling the squeeze of a downturn in the economy. In particular, the state is reporting a $90 million shortfall in Medicaid funding. Medicaid in Mississippi serves about 600,000 people. Mississippi, which ranks among the poorest states in the country approved the deepest cut in Medicaid eligibility for senior citizens…
Taxpayer asks: Would my Mother who is on Medicaid and in a nursing home – be eligible for the stimulus payment? The money would be deposited into her checking account to help by for “extra” things for her at the nursing home. She doesn’t file because the only source of income is SS – 14,300.00….
Taxpayer asks: Would my Mother who is on Medicaid and in a nursing home – be eligible for the stimulus payment? The money would be deposited into her checking account to help by for “extra” things for her at the nursing home. She doesn’t file because the only source of income is SS – 14,300.00….