The nation is off and running with its attempt at a socialized health care program for the masses, although there are those who have suggested that the recent Supreme Court decision will create rather than solve many of the problems associated with health care. One thing is certain, however: many new jobs will be created, and there will be lots of health care-related work for accountants and lawyers.
Insurance-related call centers have been receiving calls ever since the 2008 election from people asking when they are going to get their free health insurance, which illustrates a level of confusion and perhaps ignorance among potential recipients of government benefits. And I'm not even going to mention that government subsidies are never free - they're just paid for by somebody else. As the accountants who are tasked with being on the front line of helping taxpayers understand and comply with this new tax issues, it will be our responsibility to understand the law so we can help taxpayers and businesses fulfill their obligations. We'll follow this issue closely on AccountingWEB and bring you the news and information you need.