Oh my gosh, did some states out there get some tax credits they don’t deserve? How long is this going to take to mull through all of this? Some folks sure find ways to waste enough time out there and I can bet the IRS loves being pulled into this mess as well as they said earlier that they can distribute the tax credits. So what is the point here, to take away the credits for the few states that are refusing to to create exchanges or let the the feds do it for them? First of all an answer that needs to be clarified for all insurance exchanges is the e-credit scoring that you and I don’t see as this is above and beyond “normal credit agencies” and was the latest post here in “The Attack of the Killer Algorithms”. Companies like this sell your data too and make millions and/or billions.
E-Scoring Credit Algorithms Invisible To Consumers Used to Market and Evaluate, Does Not Fall Under Federal Law And Such Are Used by Insurance Companies - How Will This Work With Exchanges –Attack of the Killer Algorithms Chapter 42
When are we going to levy some excise taxes on these data miners anyway..been talking about it for a while here. They get their data for nothing and the profits for free just about. By law the normal credit agencies who compile information for consumers are available, but not these folks that sell data and make millions and who know what data is being used, i.e. Facebook trending, prescription data…just a couple examples and of course if there’s “flawed data” in there then “you “ become the “data chaser”. Issa seems ok with more of this type of activity as long as they get to say “no” for insurance exchanges…see how out of touch these folks are! There’s a section on this in the links for one of the Killer Algorithm chapters too that I wrote a few months back as we become “data fixers” that have to do this on our own time too, otherwise we get screwed for someone else's flawed data that they compiled on us and that they sold for money.
Congress To Investigate the Data Sellers - Need To Create a Law to Tax Them As The Algorithms Used For This Business Generate Billions of Dollars, Partly Why Corporate Profits Are So High - Remove the Medical Device Tax as They Produce Needed Jobs/Tangibles
Those states refusing to set up the insurance exchanges with the complexities of the current day laws is another potential item on the agenda that would be second only to women’s health for a lot of talk and maybe a new filibuster. I agree that setting up the exchanges and what is entailed has changed since the law was passed but technology does that and we don’t have all member of Congress up to date in this area, just read the news and it’s there everyday. Issa has a long way to go when it comes to understanding algorithms and maybe the folks at the IRS can help him out. This tweet kind of says it all when it comes to the power of numbers and algorithms.
Frankly by the time they get done with modeling all of the exchanges they might end up being too difficult for the average consumer to use and at the same time be able to get all the information needed for an intelligent decision if they leave out all the “spun marketing” that creeps in every where you turn today. Just the fact please would help consumers in the creation of these “monster exchanges”. I’m not saying we don’t need these but if you look around there are commercial sites that sell the same thing and of course on those types of sites “you do have to expect spun data” and manipulated substantiation to sell the software that keeps the sites going. If you want to read the back link below, more on this topic and I even had some nice comments on this one from some folks at the Nielsen company. The sooner lawmakers get in touch with “Algo Duping” the better we all stand as consumers for sure, and this might be one of the reasons the public has such a low approval of how they function today, living in denial can do that.
Big Data, Flawed Data, Business Intelligence, Where’s The Future and What Has Been Our Past…A World With ”Algo Duping” of Society and Consumers
So back on track here the IRS has the lovely obligation now to pull up all the information so some lawyers along the way can make some money now too with interpreting the complexities and if that doesn’t work another judicial route of extensive time will probably challenge this whole mess as well.
Some out there still think the entire healthcare law can be repealed but no way…nobody has enough money to totally gut out and re-do the IT Infrastructure and write truckloads of algorithms required to do such or enact anything like Ryan's proposals…denial big time here on the cost and feasibility for sure.
This is just one more issue that will produce nothing but a waste of time and energy in my opinion with digital illiterate lawmakers and so it’s probably back to abortion talk again as that seems to be the “default” topic when digital literacy is needed to make laws. A new law that would excise tax the data sellers making billions in profit would be much more productive and even the IRS I’m sure would like to collect some of that revenue too. BD
(Reuters) - The Republican chairman of a House of Representatives investigatory panel sought documents on Wednesday from the Internal Revenue Service in a battle with the White House over the Democrats' controversial healthcare law.
House Committee on Oversight and Government Reform Chairman Darrell Issa demanded all documents and communications between the IRS and President Barack Obama's White House after the healthcare overhaul law was signed into law in March 2010, in a letter released on Wednesday.
Issa has challenged the Obama administration's authority to administer the healthcare law in states that are refusing to cooperate. A handful of Republican governors have opted not to establish health insurance exchanges that are required by the law.