February 2024

TL/DR - CalOptima, the Medi-Cal managed care insurer for Orange County, California, has removed four major hospitals from its network, causing a crisis for vulnerable populations such as seniors with disabilities, single mothers, and families living below the poverty line who have lost access to crucial healthcare services. The move, which was…

TL/DR - The gross tax gap, or the difference between taxes owed and paid, reached $688 billion in 2021, with a net tax gap of $625 billion after IRS enforcement efforts. President Biden's Inflation Reduction Act provided $80 billion in additional funding for the IRS, mainly aimed at enforcing tax compliance by wealthy tax evaders and reducing the…

TL/DR - The U.S. Supreme Court is hearing arguments over whether Donald Trump should be removed from the ballot in Colorado. The court's questioning indicated they were looking for ways to avoid keeping Trump off the ballot. The justices are expected to rule on the case within a few weeks. US Supreme Court Hears Arguments on Trump's Ballot…

TL/DR - The estimated cost of President Biden’s clean-energy and climate agenda has doubled, mainly due to the anticipated popularity of the Inflation Reduction Act, which includes tax credits and subsidies for low-emission technologies. The regulations, which were passed on a party-line vote in summer 2022, increase federal deficits with…