H&R Block Helped Shape Obamacare, Now Set For Gigantic Payday

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What isn’t to love about Obamacare?

It was moved through Congress in hurry-up mode to head off Scott Brown coming into the Senate and was never really reviewed. It was crafted to funnel tax dollars to the healthcare industry and indeed stock prices for the health insurers have done nicely since the law’s passing. (One of the main reasons Obamacare remains in place.) It’s shutting out small doctors offices because of the regulatory burden. (The codes these offices must deal with we are told are mind boggling.) Many people’s insurance costs have gone up, in some cases doubled or more. And don’t forget the Healthcare.gov rollout. Or the contracts for botched state websites which went to cronies. Or the regulatory waivers given to unions and selected companies. Or that Congress was able to just opt itself (and staff) out of Obamacare because it was subpar to the plans the body enjoyed. Or Jonathan Gruber, the “architect” of Obamacare who explained that the American voters are stupid and should be exploited as such for their own good. (Gruber also may have bilked the state of Vermont for tens of thousands while working on that state’s now imploded health plan.)

Or the president flat out lying to the American public for years about the program.

This is just off the top of my head.

And now we hear that H&R Block is poised to cash in big time thanks to Obamacare. That’s awesome. Just what we need. Another corporate interest which will get in the way of simplifying the tax code.

(From The Daily Caller)

H&R Block’s decision to seek windfall profits from the Obamacare law also has riled some of its competitors, which are instead providing free help to low-income enrollees in filling out the complex tax forms.

Ryan Ellis, the tax policy director at Americans for Tax Reform and a former H&R Block senior preparer told TheDC that the company hopes to profit from the plight of Obamacare enrollees and those without health insurance who, for the first time, will have to file special tax forms related to their health-care coverage.

Ellis said the Obamacare participants are the “real target audience. It’s an alignment of interest.”

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