Many factors have shaped the current environment we do business in, but one thing that hasn’t changed is the focus we place on our customers. Acentia supports customers across the Federal Government on programs of vital importance to the nation. Included among our key customers are HHS CDC, CMS, FDA, IRS, SEC, and the Departments of Commerce, Agriculture, and Labor, and DHA.
Expected growth for 2014 is 6.1 percent, as 11 million Americans are projected to gain health insurance coverage, predominantly through either Medicaid or the Health Insurance Marketplaces. Average annual projected growth of 6.2 percent per year is projected for 2015 through 2022, largely as a result of the continued implementation of the ACA coverage expansions, faster projected economic growth, the aging of the population, and the end of the sequester.
The National Health Expenditure is projected to grow at 5.8% per year until 2022 when it will reach $4.6 trillion and comprise nearly 20% of GDP.
The IRS has issued more than 40 million tax refunds in 2014, up six percent from last year. Three weeks into the 2014 filing season, the IRS announced that it received one-third of the individual income tax returns anticipated for this year, processing almost 98 percent of the 49.6 million returns. Each week this filing season, the IRS has processed a greater percentage of the returns received than during comparable weeks last year.
IRS Tax Filing
Refunds are up for 2014, with almost 19.5 million issued this year, an 18% increase from the previous year.
Federal agencies have developed their first-ever climate change adaptation plans, helping agencies better protect taxpayer investments and safeguard the health and safety of communities, economies, and infrastructure in the face of extreme weather and other impacts of climate change. Agencies have also been working together to develop joint strategies to build a coordinated and comprehensive response to the impacts of climate change, such as fresh water management.
For fiscal year (FY) 2014, NOAA presents a budget of 5.4 billion, an increase of 541 million, or 11% above the FY 2012 spend plan.