In an aim to give the program legs, administration officials changed the rules in January to make more borrowers eligible. Still, the fixes were likely too little too late, experts said at the time. Homeowners Haven’t Seen Much Out Of That Huge Mortgage Deal The Obama Administration touted the $25 billion mortgage deal it reached with 49 states and the big banks to settle allegations that banks mishandled mortgages. As part of the settlement, banks said they would offer at least $10 billion in loan forgiveness to homeowners. But months after the deal was inked, banks have been slow to hand out the money. Democrats Have Received Lots Of Campaign Cash From Bain Employees The Democratic National Convention will feature employees of firms run by Bain Capital — the private equity firm where Mitt Romney was formerly CEO — likely in an aim to raise questions about Romney’s tenure at the now-controversial company. But Democratic candidates and committees had actually netted double the amount of campaign cash from Bain workers as of May than their Republican counterparts since 2008, according to the Boston Globe.
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Confusion Over New Obamacare Fee that Begins Wednesday
For individuals who buy health insurance through a large provider like Blue Cross, the fee will be baked into the overall purchase price of their health care plans.Businesses that self-insure will have to pay $1 for each person covered by their plans, which includes employees spouses and dependents. Businesses that offer health reimbursement accounts or other flexible spending options will likely also have to pay the new fee. More Paperwork Though the fee is nominal and likely wont be felt much by most consumers, it does add a layer of paperwork businesses that self-insure will have to fill out a new tax form previously only used by companies paying oil and gas excise taxes and some additional costs. Its another one of these nickel and dime taxes in the law, said Cynthia Magnuson-Allen, spokeswoman for the National Federation of Independent Business, which is lobbying to repeal the health care law. The IRS does not have projections for how much revenue the new $1 per-person fee will generate, but it will be used to fund the Patient Centered Outcomes Research Initiative, which will study the effectiveness of treatment options and provide analysis of outcomes for Medicare and private insurance. According to the PCORI website, it expects to receive $3.5 billion between now and 2019 to fund operations . It has already handed out$159.3 million to fund 126 research projects in 33 states, according to Christine Stencel, a spokeswoman for PCORI.
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