Harken Health Insurance, a startup that sold Obamacare plans in Chicago and Georgia, has announced they are exiting the Obamacare marketplace, Business Insider reports.
The Department of Health and Human Services lacks the authority to bail out insurers through the transitional reinsurance program with taxpayer funds that were meant to go to the U.S. Treasury, according to a report from the Government Accountability Office.
State government tax revenues rose to $916.5 billion in 2015, representing another increase for the fifth consecutive year, according to recent data from the U.S. Census Bureau.
The U.S. economy grew in the second quarter of 2015 as real gross domestic product (GDP) increased at an annual rate of 1.4 percent, according to the Bureau of Economic Analysis data released Thursday.
More than 40 House Republicans have warned the Obama administration against bailing out Obamacare insurers who have lost money on the exchanges, telling the secretary of Health and Human Services that Congress would closely scrutinize any such effort.
National security and cyber threat experts wrote a letter to the Pentagon urging the secretary of defense and chairman of the Joint Chiefs of Staff to intervene so that the United States doesn’t lose control of the Internet on Oct. 1.
BlueCross BlueShield announced it will not sell Obamacare coverage in Nashville, Memphis, and Knoxville, Tennessee in 2017, citing losses of $500 million.
There were 8,061,604 taxpayers who paid $1,694,088,000 in Obamacare penalties for not having health insurance in 2014—the first year in which individuals were mandated to pay the fine, according to the most recent data from the Internal Revenue Service.
Hillary Clinton has proposed raising the estate tax to 65 percent, which would make it more difficult for high-income individuals to pass on their wealth without paying taxes, the Wall Street Journal reported.