MetLife, a nonbank financial company (NFC) and the largest insurer in the U.S., called for a hearing Monday to oppose being labeled “systemically important.” After the Financial Stability Oversight Council (FSOC), a major financial watchdog, voted in favor of adding MetLife to the list of systemically important financial institutions (SIFIs) in September, the firm hustled … Continue reading
The State of Indiana has been allowed an exception for one year from the Affordable Care Act and has subsequently denied government incentives to expand Medicaid and has declined to set up an exchange for consumers. This exception is being officially referred to as a health-law “waiver”. This exception was given to Indiana in order … Continue reading
On Tuesday, August 27, the IRS issued its final rule regarding the individual mandate to purchase health insurance under the Affordable Care Act (ACA). The rulemaking formally establishes the IRS requirement for most Americans to be subjected to a financial penalty if an individual does not acquire “minimum essential coverage.” The rule will be published … Continue reading
The other day I was ranting about the problems of the D.C. Metro system to another intern. For the fourth time that week, I had been trapped on a crowded, broken train for 40 minutes, completely uninformed and frustrated. Occasionally the train would jerk forward violently, jostling disgruntled riders, and reminding us that we were … Continue reading
Advocates for the Affordable Care Act (ACA) have targeted young adults, aged 18-35, as the critical demographic whose participation is necessary for the success of the new insurance exchange plan. Members of outreach and education programs initiated by the Centers for Medicare and Medicaid Services and the Department of Health and Human Services are essentially … Continue reading
The implications of the Affordable Care Act (ACA) for small businesses and employment status have long been the subject of media and partisan scrutiny. Analyses of these implications are becoming increasingly relevant, as the measures of the ACA will be fully implemented by January 2014. The shortcomings of the pre-Obamacare health insurance market are well … Continue reading
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