Insurers pass on the ACA tax in premiums. Photo: Helen H. Richardson/The Denver Post via Getty Images
Health insurance companies will have to pay $15.5 billion next year if the Affordable Care Act's tax on insurers resumes as planned, the IRS said in a notice on Tuesday.
The big picture: Insurers hate the tax because it eats into profits, and companies pass along the costs to consumers through higher premiums. The industry has a few months left to persuade lawmakers to delay or kill the tax.
Illustration: Eniola Odetunde/Axios
Photo: Tasos Katopodis/Getty Images
President Trump's attacks are spreading to sports that are cornerstones of rural, conservative white American life.
Why it matters: The culture war that engulfed the NBA and NFL is reaching other major leagues, with teams that stonewalled activists for years suddenly showing a willingness to listen.
Harvard University campus in April 2020. Photo: Maddie Meyer/Getty Images
Foreign college students could be forced to leave the U.S. or transfer schools if their universities move classes entirely online this fall, according to guidance released by Immigration and Customs Enforcement (ICE) on Monday.
Why it matters: Several U.S. colleges and universities — most recently Harvard — have announced plans to move most or all courses online this fall due to coronavirus concerns. Many institutions rely heavily on tuition from international students.