Purdue University is making major changes to its employee health care plans in order to rein in rising health care costs caused by the Affordable Care Act (aka Obamacare). Among the options being considered is a high-deductible health plans that qualify for a tax-free health savings account. Ultimately, the university is calling for an additional $2.8 million in fees and claims due to …
Archives for July 2013
Counties follow state's lead, raise taxes
Governor Dayton and the legislature raised taxes by more than $2 billion this year, but in reality the tax damage may be significantly worse. That’s because several provisions included in end-of-session bills enable local governments to impose new taxes and increase taxes more easily, all with a minimum of public input. These are the indirect tax increases of the 2013 session. For example, school …
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Short takes: ND border-hopping | Medical device tax | Phony consumer choice
Obamacare tax hits home: Obamacare’s medical device tax has only been in effect for six months, but it is already drying up venture capital, slowing innovation, and killing jobs. According to Dr. Fred Burbank and Thomas Fogarty, writing in the Wall Street Journal: "Unless the federal government changes the 2.3% revenue tax, and until the Patent Office and the FDA improve their turnaround time for …
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