The IRS recently extended the due dates for the Affordable Care Act information reporting requirements. Read our recent article to learn more.
Even though the Affordable Care Act has been passed and upheld by the courts, certain taxpayers are suggesting more reforms to the health insurance system. In Colorado, there is currently a group proposing an alternative that would create an independent Colorado health care financing system. The drafters of the new health payment system intend for it to provide payment for health services for residents. The new health payment system would be funded by an additional 10% payroll tax on Colorado residents. An opinion piece in the Denver Post outlines this plan. The Colorado Cares website also has additional information about the initiative and the proposed bill.