Tag Archives: health insurance company

Obamacare: Taxpayers Must Report Personal Health ID Info to IRS

After recent revelations, perhaps it is time to just change the name of the IRS to the KGB or the STASI. The motto of the STASI was “the sword and shield of the party”.

Americans for Tax Reform:

The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate.

As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”.

So why will the Obama IRS require your personal identifying health information?

Simply put, there is no way for the IRS to enforce Obamacare’s individual mandate without such an invasive reporting scheme.  Every January, health insurance companies across America will send out tax documents to each insured individual.  This tax document—a copy of which will be furnished to the IRS—must contain sufficient information for taxpayers to prove that they purchased qualifying health insurance under Obamacare.

This new tax information document must, at a minimum, contain: the name and health insurance identification number of the taxpayer; the name and tax identification number of the health insurance company; the number of months the taxpayer was covered by this insurance plan; and whether or not the plan was purchased in one of Obamacare’s “exchanges.”

This will involve millions of new tax documents landing in mailboxes across America every January, along with the usual raft of W-2s, 1099s, and 1098s.  At tax time, the 140 million families who file a tax return will have to get acquainted with a brand new tax filing form.  Six million of these families will end up paying Obamacare’s individual mandate non-compliance tax penalty.

As a service to the public, Americans for Tax Reform has released a projected version of this tax form to help families and tax specialists prepare for this additional filing requirement. Taxpayers may view the projected IRS form at www.ObamacareTaxForm.com.  On the form, lines 3-4 show where taxpayers will disclose their personal health ID information.

View PDF here.

Aetna CEO: Health insurance premiums will double because of Obamacare

Of course Aetna is far from the first to say this. This very writer’s insurance premiums went up 12 times.

Famed economist and statistician Dr. John Lott:

So much for Obama’s promises.  From Bloomberg News:

Health insurance premiums may as much as double for some small businesses and individual buyers in the U.S. when the Affordable Care Act’s major provisions start in 2014, Aetna Inc. (AET)’s chief executive officer said.

While subsidies in the law will shield some people, other consumers who make too much for assistance are in for “premium rate shock,” Mark Bertolini, who runs the third-biggest U.S. health-insurance company, told analysts yesterday at a conference in New York. The prospect has spurred discussion of having Congress delay or phase in parts of the law, he said.

“We’ve shared it all with the people in Washington and I think it’s a big concern,” the CEO said. “We’re going to see some markets go up as much as as 100 percent.”

Bertolini’s prediction is at odds with Congressional Budget Office estimates . . . .

Alinsky-tied group awarded $56 million federal loan…

…to start a non-profit health insurance company, but the group is has no experience in the insurance industry. What the group does have experience in is far left radical activism. Saul Alinsky was a 1960’s revolutionary communist activist.

More Obama pals get your money.

Like many of the “green jobs” projects that the Obama Administration has given huge loans to, this is yet another big taxpayer investment that will likely never be paid back and is instead taxpayer dollars used for Democrats political activism.  Many “green jobs” government loan recipients went out of business soon after receiving the loans, but the CEO’s of the companies were large political contributors who paid themselves large salaries and bonuses before ceasing operations.

Fox News:

A Saul Alinsky-tied group has been awarded a $56 million federal loan to start up a nonprofit health insurance company — one of several organizations across the country this week tapped to launch a new network of insurers under the sponsorship of the federal health care overhaul.

The Wisconsin group, Common Ground Healthcare Cooperative, was awarded the funding on Tuesday. According to the Department of Health and Human Services, the group is expected to provide coverage statewide within five years after starting on a smaller scale in early 2014.

But Americans for Limited Government President Bill Wilson questioned the group’s credentials — given its affiliation and lack of experience in the insurance field. 

“The indisputable fact is that Common Ground was an outgrowth of the Alinsky operation in Chicago,” Wilson said. “We’re not giving money to a group with experience in health care issues or in setting up exchanges. … We’re handing the money to people who have been trained by arguably the single most expert individual on community organizing in the last 100 years.”

Common Ground, a Milwaukee group that dates back to 2004, is an affiliate of the Alinsky-founded Industrial Areas Foundation.