The U.S. economy slowed in the first quarter of 2016 as real gross domestic product expanded at an annual rate of 0.8 percent, according to the second estimate released by the Bureau of Economic Analysis.
Highmark Inc., one of the ten largest health insurers in the United States that serves Pennsylvania, is seeking to boost rates on its Obamacare plans by 48.1 percent next year, the Pittsburgh Post-Gazette reported. The hike is the highest sought among health insurers in the state.
The IRS has seized $43 million from more than 600 individuals by accusing them of violating “structuring” laws even when there has been no evidence of criminal wrongdoing, according to testimony heard at the House Ways and Means Committee today.
Republicans have launched an effort to impeach IRS Commissioner John Koskinen due to alleged misconduct, including failing to comply with a congressional subpoena and allowing emails to be destroyed.
The IRS erroneously paid out an estimated $15.6 billion in Earned Income Tax Credit payments in fiscal year 2015, according to a Treasury Inspector General for Tax Administration report.
Health insurers on the New York’s Obamacare exchanges are set to increase rates next year by 17.3 percent for individual policies, New York Daily News reported.
A record-high average of 24,963,000 foreign-born workers were employed in the United States in 2015, according to data released Thursday by the Bureau of Labor Statistics.
An entrepreneur told lawmakers on Wednesday that initiatives under the Affordable Care Act (ACA) have unforeseen consequences that cause additional expenses and burdens that can lead to less hiring and businesses closing their doors.
Insurer participation in the Obamacare exchanges has declined in 2016 by 27 percent from the year prior to the Affordable Care Act taking effect, according to a report from the Heritage Foundation.