Wyoming Liberty Group
For most of us, our healthcare is paid for by someone else; either our employer or a government entitlement program. When someone else is paying, why bother shopping around for the best price? Now an innovative new company has found a way to make patients cost-conscious and lower prices.
Since World War II, employer-sponsored insurance has remained an untaxed benefit. Companies began offering health insurance to attract workers after the Roosevelt Administration imposed wage freezes. These benefits became so popular that large employers successfully lobbied the IRS to exempt health coverage from taxation in 1943. This allowed businesses to compensate workers through untaxed benefits. And workers enjoy untaxed compensation in the form of health insurance.
Charlie Katebi spoke with Chuck Gray on KVOC about new penalties the IRS is imposing on employer health plans and how Obamacare leaves patients underinsured. July 28, 2015
After months of anticipation, the Supreme Court ruled in favor of the Obama Administration in King v. Burwell and upheld the IRS’s authority to issue insurance subsidies on the federal insurance exchange as part of Obamacare. This decision gives cover to the abuses of an out-of-control agency and allows it to continue punishing Wyoming through the individual and employer mandate.
If the Supreme Court rules in King v. Burwell that the IRS illegally distributed tax credits on federal insurance exchanges, Republicans could finally have the chance to repeal Obamacare. June 2, 2015
In four weeks, the Supreme Court will rule on King v. Burwell. A ruling in favor of the plaintiffs invalidates federal insurance subsidies for the 36 states without a state exchange and frees them from the individual and employer mandate. States that built their own exchanges bound their residents to Obamacare’s mandates, penalties, and restrictions for the long-term. If the Obama Administration offers Wyoming and the other states without a state exchange insurance subsidies in return for building an exchange, they should not take the bait.
April 15 looms large on the calendar for taxpayers. Don’t be fooled if you get a refund on your federal income tax return. Taxes represent a significant annual expense for many families, especially those that usually pay the United States Treasury, because the Internal Revenue Service (“IRS”) withheld your money throughout the year.
But IRS withholding is not the only cost facing taxpayers who fill out their tax forms by April 15.