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  • Significant Premium Hikes Expected Under Obama Health Law

    04/28/2016 4:33:12 AM PDT · by Oldeconomybuyer · 27 replies
    ABC News ^ | April 28, 2016 | By Ricardo Alonso-Zaldivar
    Expect insurers to seek significant premium increases under President Barack Obama's health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer. Insurers say the law's coverage has been a financial drain for many of them, and they're setting the stage for 2017 hikes that in some cases could reach well into the double digits. For example in Virginia, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent. The health law's nagging problems seem to center on lower-than-hoped-for enrollment, sicker-than-expected...
  • 47% Of Americans Can't Even Come Up With $400 To Cover An Emergency Room Visit

    04/21/2016 6:32:03 PM PDT · by Nachum · 90 replies
    zero hedge ^ | 4/21/16 | tyler durden
    If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere? Most Americans may not realize this, but this is something that the Federal Reserve has actually been tracking for several years now. And according to the Fed, an astounding 47 percent of all Americans could not come up with $400 to pay for an emergency room visit without borrowing it or selling something. Various surveys that I have talked about in the past have found that more than 60 percent...
  • Feds Blow Off House Subpoena For Obamacare Co-Op Docs

    04/21/2016 7:36:55 AM PDT · by safetysign · 22 replies
    The Daily Caller ^ | 04/20/2016 | Kathryn Watson
    Federal health officials refuse to give Congress hundreds of subpoenaed documents on Obamacare’s failed co-ops so that people will continue enrolling in the deeply troubled program, a congressional leader said Tuesday. Twelve of the 23 co-ops created in 2011 under Obamacare at a cost of $2.4 billion have failed, and another eight of the remaining 11 are likely to go under this year. But the U.S. Department of Health and Human Services (HHS) won’t hand over documents subpoenaed months ago by the House Committee on Oversight and Government Reform. Republican Rep. Jason Chaffetz  82% , who chairs the House...
  • Conservatives Cant Let Obamacares Collapse go to Waste

    04/21/2016 7:18:09 AM PDT · by writer33 · 9 replies
    Conservative Review ^ | 04/21/16 | Joshua Withrow
    On Tuesday, the largest private health insurance provider in the U.S., United Healthcare, announced that it would be pulling its plans out of the ObamaCare exchanges in all but a few states. Among a continuing string of bad news for President Obamas Affordable Care Act, this one should stand out as an indicator that the ACAs collapse is accelerating. Conservatives need to be ready to explain why and to present solutions, because advocates for fully socialized medicine will be ready to turn the collapsing exchanges to their advantage. All of the deficiencies in Obamacares structure have been well documented. High...
  • Getting Set To Pick Up The Pieces Of ObamaCares Collapse

    04/21/2016 7:05:26 AM PDT · by MarvinStinson · 18 replies
    New York Post ^ | April 19, 201 | Betsy McCaughey
    ObamaCares collapsing. UnitedHealth announced it will abandon most ObamaCare markets. Giant insurers like Aetna and the BlueCross Blue Shield Association are next. They warned last week losses trying to sell ObamaCare plans are unsustainable and theyll either stop selling the plans or significantly raise premiums. Even Hillary Clintons campaign admits the cost of ObamaCare is crushing. Six years of ObamaCare have taught the nation lessons that Republicans should not ignore. Keep it short: Dont give us another 2,572-page comprehensive health bill that lawmakers vote on without reading. What Congress passes, Congress must live by: Under Obamacare, members of Congress and...
  • Five Things ACA Supporters Don't Want You To Know About UnitedHealth's Withdrawal From Obamacare

    04/20/2016 4:27:57 AM PDT · by markomalley · 24 replies
    Forbes ^ | 4/20/16 | Michael F. Cannon
    UnitedHealth is withdrawing from most of the 34 ObamaCare Exchanges in which it currently sells, citing losses of$650 million in 2016. A recent Kaiser Family Foundation report indicates UnitedHealths departure will leave consumers on Oklahomas Exchangewith only one choice of insurance carriers. Were UnitedHealth to exit all 34 states, the share of counties with only one or two carriers on the Exchange would rise from 36% to 52%, while the share of enrollees with only one or two carriers from which to choose would nearly double from 15% to 29%.The Obama administration dismissed the news as unimportant. A spokesman professed...
  • United Health dropping out of most Obamacare exchanges after losing $1.1 billion

    04/19/2016 12:34:22 PM PDT · by SeekAndFind · 27 replies
    Hotair ^ | 04/19/2016 | John Sexton
    The nation’s largest insurer announced Tuesday it will be dropping out of the Obamacare exchanges in all but a handful of states. The decision comes after the company lost nearly half-a-billion dollars on the exchange business last year and expectations it will lose even more this year. The AP reports: UnitedHealth Group Inc. said it now expects to lose $650 million this year on its exchange business, up from its previous projection for $525 million. The insurer lost $475 million in 2015, a spokesman said.UnitedHealth has already decided to pull out of Arkansas, Georgia and Michigan in 2017, and...
  • Even as Prescription Drug Volume Stagnates, Prices Soar.

    Total US spending on prescription drugs in 2015, at the manufacturers level and as measured by invoice pricing, jumped by 12.2% to $424.8 billion, after having already soared 14.2% in 2014! A two-year increase of 28%! So youd think wed get some results for all this moolah. But no. This $424.8 billion in prescription drug spending at invoice pricing isnt based on what Americans or their health insurers pay. According to IMS Health, which released the report, it reflects invoice pricing by drug companies to distributors. It includes neither price concessions by drug companies nor the mark-ups and additional costs...
  • UnitedHealth to trim ACA exchanges to 'handful' of states

    04/19/2016 6:50:12 AM PDT · by bobsunshine · 7 replies
    AP News ^ | April 19, 2016 | TOM MURPHY
    UnitedHealth, the nation's biggest health insurer, will remain in public health insurance exchanges in only a handful of states next year after expanding to 34 this year. CEO Stephen Hemsley told analysts Tuesday morning that the company cannot continue to broadly serve the market created by the Affordable Care Act's coverage expansion due in part to the higher risk that comes with its customers. The state-based exchanges are a key element behind the Affordable Care Act's push to expand insurance coverage. But insurers have struggled with higher than expected claims from that business. UnitedHealth Group Inc. has estimated that it...
  • Obamacare Exodus Accelerates: After Georgia And Arkansas, Biggest Health Insurer Exits MI and OK

    04/19/2016 5:54:06 AM PDT · by TigerClaws · 18 replies
    Two weeks ago we reported that after its November warning that it may exit certain Obamacare markets as a result of substantial losses, the largest U.S. health insurer UnitedHealth, did just that when it announced it would no longer sell plans for next year in Georgia and Arkansas. Then over the weekend, UnitedHealth also added Michigan to the list of states whose Obamacare market it would no longer service. As Bloomberg reported, "the insurer wont sell policies through Michigans ACA exchange for next year, according to Andrea Miller, a spokeswoman for the states Department of Insurance and Financial Services. Georgia...
  • United Health to trim ACA exchanges to 'handful' of states (Largest US Insurer Exits on Huge Losses)

    04/19/2016 7:56:10 AM PDT · by xzins · 56 replies
    AP ^ | 19 Apr 16 | TOM MURPHY
    UnitedHealth, the nation's biggest health insurer, will cut its participation in public health insurance exchanges to only a handful of states next year after expanding to nearly three dozen for this year. CEO Stephen Hemsley said Tuesday that the company expects losses from its exchange business to total more than $1 billion for this year and last. He added that the company cannot continue to broadly serve the market created by the Affordable Care Act's coverage expansion due partly to the higher risk that comes with its customers. UnitedHealth Group Inc. said it now expects to lose $650 million this...
  • Obamacare Exodus Accelerates: After Georgia And Arkansas, Biggest Health Insurer Exits Michigan And

    04/18/2016 1:02:25 PM PDT · by Nachum · 18 replies
    zero hedge ^ | 4/18/16 | tyler durden
    Two weeks ago we reported that after its November warning that it may exit certain Obamacare markets as a result of substantial losses, the largest U.S. health insurer UnitedHealth, did just that when it announced it would no longer sell plans for next year in Georgia and Arkansas. Then over the weekend, UnitedHealth also added Michigan to the list of states whose Obamacare market it would no longer service. As Bloomberg reported, "the insurer wont sell policies through Michigans ACA exchange for next year, according to Andrea Miller, a spokeswoman for the states Department of Insurance and Financial Services. Georgia...
  • 'Innovation Center' tries to reinvent Medicare

    04/18/2016 8:42:12 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Apr 18, 2016 4:08 AM EDT | Ricardo Alonso-Zaldivar
    They work for the government and even their closest relatives have no idea what they do. Its not because theyre spies or nuclear scientists, but because their jobs are so arcane: trying to reinvent Medicare to improve it, and maybe save taxpayers money. In a sprawling, nondescript office park near Baltimore, some 360 people at the Center for Medicare & Medicaid Innovation are trying to change the health care system, using the governments premier insurance program as leverage. If they prevail, the U.S. may no longer have the worst of both worlds: unsustainable spending and unenviable results. [] Because the...
  • Nancy Pelosi: Being a Woman is No Longer a Pre-Existing Medical Condition

    04/14/2016 8:05:11 PM PDT · by Olog-hai · 22 replies
    Cybercast News Service ^ | April 14, 2016 | 3:18 PM EDT | (CNSNews.com Staff)
    House Minority Leader Nancy Pelosi today listed a number of things she believes mark the progress that has been made since President Barack Obama took office, including how being a woman is treated by health insurance plans. [] 20 million people now have health insurance who didnt, she continued, and those many who had health insurance have it in a better wayno pre-existing conditions, no life-time limits. And being a woman is no longer a pre-existing medical condition. The list goes on and on.
  • How Obamacare Is Fueling Americas Opioid Epidemic

    04/14/2016 4:05:29 PM PDT · by MtnClimber · 23 replies
    Time ^ | 13 Apr, 2016 | Sean Gregory
    Some doctors say a quirk in the program is a dangerous incentive to prescribe potentially dangerous painkillers Not long ago Dr. Bill Sullivan, an emergency-room physician in rural Spring Valley, Ill., refused to prescribe a potentially habit-forming painkiller to a patient that had requested it by name. That might seem like a good thing since opioid addiction has become a national epidemic. But in fact, as a result of reforms put in place under the Affordable Care Act, he may have put his hospital at financial risk. As part of an Obamacare initiative meant to reward quality care, the Centers...
  • Insurer UnitedHealth starts pruning ACA exchange business

    04/11/2016 7:40:25 PM PDT · by Olog-hai · 18 replies
    Associated Press ^ | Apr 11, 2016 4:44 PM EDT | Tom Murphy
    The nations biggest health insurer has decided to stop selling coverage on public insurance exchanges in two states for next year, but consumers shouldnt take this as an early warning that a mass exodus is brewing from a key element of the Affordable Care Acts coverage expansion.Analysts say these exchanges may be improving for insurers after a difficult start. However, they also expect insurers to continue leaving some unprofitable markets as the coverage expansion heads toward its fourth year. UnitedHealth Group Inc. said it will not sell coverage on exchanges in Arkansas and Georgia for 2017, and it is continuing...
  • HHS Says Health Records Should Communicate With Each Other. What Does That Mean?

    04/11/2016 4:37:24 AM PDT · by markomalley · 20 replies
    Nextgov ^ | 4/8/16 | Mohana Ravindranath
    When a patient moves from one health system to another, theres no guarantee his or her electronic medical records are compatible with the new systems. The Department of Health and Human Services wants to change that, with a number of efforts aimed at making electronic health record technology more interoperable. But how does a health system measure interoperability, and how does the department know if its successful? HHS doesnt know the answer -- and its looking to the public for help. In a new request for information, HHS is asking for input on metrics that could measure interoperability. The eventual...
  • ObamaCare Will Cost $136 Bil More, Cover Fewer People Than We Thought, CBO Says

    04/11/2016 3:56:26 AM PDT · by IBD editorial writer · 17 replies
    Investor's Business Daily ^ | 4/8/2016 | Staff
    Health Reform: ObamaCare has been taking lots of hits lately, but a new report from the Congressional Budget Office is a gut punch. It shows that ObamaCares outlook has worsened considerably as fewer people sign up and costs rise more than expected.
  • Beware Obama, the Benevolent

    03/29/2016 10:57:58 AM PDT · by Kaslin · 5 replies
    American Thinker ^ | March 29, 2016 | Eileen F. Toplansky
    When President Obama stages a photo op to publicize signing a measure he claims will help American workers, you can be almost certain that unintended consequences will outweigh any intended benefits. Lacking even an elementary understanding of how a market economy works, he only makes things worse. In an effort to avoid the Obamacare mandate, many companies reduced workers to fewer than 30 hours per week. This reduction of employees to part-time status continues to cause endless difficulties. Employees have fewer hours and less income than they want, and employers have a harder time staffing their companies. But the Obama...
  • ObamaCare may force employers to pull the plug on millions of health plans, CBO report finds

    03/28/2016 8:22:37 PM PDT · by Olog-hai · 19 replies
    Fox News ^ | March 28, 2016 | (With AP)
    In the latest report to undercut President Obamas If you like your health care plan, you can keep it promise, the Congressional Budget Office projects millions of workers will leave employer-sponsored health plans over the next decade because of ObamaCare. Some will opt to go on Medicaid, but others will be kicked off their company plans by employers who decide not to offer coverage anymore, according to a new CBO report titled, Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2016 to 2026. As a result of the ACA, between 4 million and 9 million fewer people...
  • CBO Misses Its Obamacare Projection by 24 Million People

    03/28/2016 5:17:39 PM PDT · by Nachum · 16 replies
    Three years ago, on the eve of Obamacares implementation, the Congressional Budget Office (CBO) projected that President Obama's centerpiece legislation would result in an average of 201 million people having private health insurance in any given month of 2016. Now that 2016 is here, the CBO says that just 177 million people, on average, will have private health insurance in any given month of this yeara shortfall of 24 million people. Indeed, based on the CBO's own numbers, it seems possible that Obamacare has actually reduced the number of people with private health insurance. In 2013, the CBO projected that,...
  • CBO: Millions Will Lose Employer Coverage Due to Obamacare Premium Spikes

    03/27/2016 6:43:34 PM PDT · by MarvinStinson · 50 replies
    pjmedia ^ | MARCH 26, 2016 | RICK MORAN
    The slow-motion implosion of Obamacare continues with the newest report from the Congressional Budget Office foreseeing up to 9 million Americans losing their employer-based insurance coverage over the next decade because of spiking premiums. The Washington Times: Obamacare insurance premiums will leap 6 percent a year over the next decade, and companies will drop millions of employees from their health plans as insurers and employers calibrate their offerings for the new marketplace, the Congressional Budget Office said Thursday. The health law will continue to steadily grow in both cost and coverage, working toward President Obamas goal of expanding those with...
  • Chelsea Hits Obamacare's 'Crushing Costs' Says mother may fix with executive order.

    03/24/2016 1:20:48 PM PDT · by Hojczyk · 69 replies
    The Weekly Standard ^ | March 24, 2016 | Shoshana Wesssmann
    A video shows Chelsea Clinton blasting the "crushing costs" of President Barack Obama's signature legislation. In the video, Chelsea Clinton tells a crowd that her mother, Hillary Clinton, is open to using executive action to reduce "crushing costs" of Obamacare. "...cap on out of pocket expenses. This was part of my mom's original plan back in '93 and '94, as well as premium costs. We can either do that directly or through tax credits. And, kind of figuring out whether she could do that through executive action, or she would need to do that through tax credits working with Congress....
  • White House to lay out 'next chapter' for ObamaCare

    03/21/2016 1:56:31 PM PDT · by MarvinStinson · 27 replies
    the hill ^ | 03/21/16 | Sarah Ferri
    In a series of events this week, the Obama administration will look beyond the laws central issues of access and affordability and explore the next chapter of healthcare reform. Health and Human Services (HHS) Secretary Sylvia Mathews Burwell plans to broaden the conversation about the 2010 law to highlight system-wide reforms to lower costs and improve quality, a senior administration official told The Hill. Its important to lay out the next chapter in the Affordable Care Act building a healthcare system that puts patients at the center and works better for all Americans, the official said. The initiatives ...
  • 'I'm not the Obamacare kid anymore'

    03/21/2016 1:02:29 PM PDT · by massmike · 41 replies
    cnn.com ^ | 03/21/2016 | John Blake
    Sometimes it's hard to be what you want to be when people only know you for what you used to be. This is the challenge facing Marcelas Owens, who just turned 17. For much of life, people have only known Marcelas as the "Obamacare kid." He was the chubby 11-year-old African-American boy who stood next to President Barack Obama as he signed Obamacare into law at a White House ceremony on March 23, 2010. He was the miniature health care activist in the black vest dwarfed by powerful lawmakers in a famous photo of that moment. He was a modern-day...
  • Chelsea Clinton reveals her mom thinks it is important to extend Obamacare to illegal aliens

    03/18/2016 10:00:56 AM PDT · by Kaslin · 44 replies
    American Thinker ^ | March 18, 2016 | Thomas Lifson
    More free stuff for people who violate our immigration laws! Hillary Clinton and her daughter have teed up a ball for the Republican nominee, whether Trump or Cruz, to hit 400 yards down the fairway. Just over a week ago, Hillary reversed her former position and declared: I will not deport children, she said after moderator Jorge Ramos pressed her multiple times on the issue. I would not deport children. I do not want to deport family members either, Jorge. So any family that can ante-up plane fare for the kids and one or more parent to JFK, Miami, Los...
  • Obamacare's Tax-Time Torment

    03/16/2016 3:36:31 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | March 16, 2016 | Michelle Malkin
    "Where is my 1095-A? This is what it must be like dealing with a government agency in a third world country." That was the lament on Twitter of just one poor citizen this week trying to get his tax records in order. Nationwide, hard-working Americans are struggling to meet the April 18 IRS filing deadline. Standing in the way: the bumbling Obamacare bureaucracy. In Minnesota, an estimated 18,000 people who were on health insurance plans last year offered through MNsure, the state Obamacare health insurance exchange, still haven't received their 1095-A form. It's the "health insurance marketplace statement" required to...
  • Doctors, Hospitals Owed by Failed ObamaCare Co-ops May Get Stiffed by Uncle Sam

    03/10/2016 2:27:23 PM PST · by detective · 9 replies
    The New American ^ | 10 March 2016 | Michael Tennant
    Who gets paid first when an ObamaCare co-op goes belly up: the doctors and hospitals that cared for co-op enrollees or the federal government, which caused the co-op mess in the first place? If the Obama administration has it way, Uncle Sam will be at the head of the line to recoup losses, quite possibly leaving healthcare providers in the lurch, reported the Daily Caller.
  • Christians Flock to Groups That Help Members Pay Medical Bills

    03/10/2016 6:55:50 AM PST · by reaganaut1 · 28 replies
    New York Times ^ | March 10, 2016 | ABBY GOODNOUGH
    SAN ANTONIO When Chris Doyle learned that his health insurance deductible would climb to $10,000 last year, he and his wife, both evangelical Christians, spent a couple weeks just praying, he said. Then they opted out of insurance altogether, joining something called a health care sharing ministry, which requires members to help cover one anothers major medical costs as they come up. While such nonprofit ministries have been around for decades, interest in them has grown since the Affordable Care Act passed in 2010, largely because the law exempts members from the requirement to have health insurance or pay...
  • Obamacare to begin rating network size of health plans

    03/07/2016 1:16:20 PM PST · by Kaslin · 12 replies
    Hot Air.com ^ | March 7, 2016 | JOHN SEXTON
    If you like your doctor, HHS will create a rating system to show you that your doctor isn’t covered under the new, narrower network. That’s what the President promised us, right? HHS is moving to make it easier for consumers to find out the size of the network of doctors and hospitals they are joining when they sign up for a health plan on the Obamacare exchange. The New York Times reported on the changes being made Sunday: The Obama administration, responding to consumer complaints, says it will begin rating health insurance plans based on how many doctors and hospitals...
  • ObamaCare Now Has Blue Cross Singing The Blues

    03/02/2016 4:13:13 AM PST · by IBD editorial writer · 76 replies
    Investor's Busienss Daily ^ | 3/1/2016 | Staff
    Health Care: The insurance industry must be kicking itself for backing ObamaCare. Several have since posted big losses and it looks like Blue Cross Blue Shield got the losing end of the stick, too.
  • Official: 8 of 11 Remaining Obamacare Co-Ops on the Brink

    02/29/2016 7:02:53 PM PST · by Kaslin · 9 replies
    The Washingon Free Beacon ^ | February 29, 2016 | Ali Meyer
    An official with the Centers for Medicare and Medicaid Services told lawmakers last week that eight of the 11 remaining Obamacare co-ops have been selected for "corrective action plans" and "enhanced oversight." Twenty-three co-ops were created under the president's health care overhaul, and so far more than half have collapsed and are no longer selling plans in the marketplace. The 12 co-ops that went out of business operated in Arizona, Michigan, Utah, Kentucky, New York, Nevada, Louisiana, Oregon, Colorado, Tennessee, South Carolina and a co-op serving Iowa and Nebraska. The agency's chief operating officer, Dr. Mandy Cohen, told the House...
  • Insurer warnings cast doubt on ACA exchange future

    02/26/2016 7:52:56 AM PST · by Olog-hai · 20 replies
    Associated Press ^ | Feb 26, 2016 10:13 AM EST | Tom Murphy
    Political uncertainty isn't the only threat to the Affordable Care Act's future. Cracks also are spreading through a major pillar supporting the law. Health insurance exchanges created to help millions of people find coverage are turning into money-losing ventures for many insurers. The nation's largest, UnitedHealth Group Inc., could lose as much as $475 million on its exchange business this year and may not participate in 2017. Another major insurer, Aetna, has questioned the viability of the exchanges. And a dozen nonprofit insurance cooperatives created by the law have already closed, forcing around 750,000 people to find new plans. More...
  • Oregon's Obamacare Disaster

    02/26/2016 8:20:16 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 26, 2016 | Brian McNicoll
    Cover Oregon was the health insurance marketplace that the state set up pursuant to Obamacare for citizens to shop online for health care. It is now defunct. Cover Oregon is a case study in government incompentence and corruption.The $300 million the state got from Washington to build its exchange remains up in smoke. The state continues to pursue a lawsuit against its vendor, mostly, it seems, to drive up billables for a Portland law firm connected to John Kitzhaber, the former governor forced from office as the exchange was collapsing. About 170,000 people tried to sign up for Cover Oregon...
  • Minuteman draws $100M from feds to deal with Obamacare; alternative to bankruptcy or being 'lucky'

    02/25/2016 11:05:46 AM PST · by Oldeconomybuyer · 7 replies
    Boston Business Journal ^ | February 25, 2016 | by Jessica Bartlett
    Minuteman Health has drawn down $100 million in federal loans in anticipation of continued losses from the Affordable Care Act. The Massachusetts co-op insurer, which also operates in New Hampshire, will report the draw down and a second-consecutive year of operating losses as part of its fiscal 2015 financials. Minuteman officials said the borrowings are needed to offset certain components of Obamacare, which financially punish insurers for doing the very things the federal law was intended to address: to provide affordable health insurance to previously uncovered segments of the population. What ObamaCare's architects didn't anticipate, and what local insurers are...
  • Doctors protest Highmark payment cuts spurred by Obamacare losses

    02/25/2016 10:53:21 AM PST · by Oldeconomybuyer · 19 replies
    PennLive.com ^ | February 25, 2016 | By David Wenner
    Pennsylvania doctors say they will be forced to pay the price for what they deem poor business decisions that caused health insurer Highmark to lose hundreds of millions on customers covered as a result of the Affordable Care Act, or Obamacare. Highmark recently notified doctors it will cut their payments by 4.5 percent for medical care provided to people covered by Obamacare plans. Highmark's 2015 loss on Obamacare plans, which still isn't finalized, is expected to reach about $500 million. Highmark attributes the Obamacare losses to new customers who may not have previously had insurance, and who turned out to...
  • 6 states sue Obama administration over Affordable Care Act

    02/24/2016 5:50:56 PM PST · by Olog-hai · 14 replies
    Associated Press ^ | Feb 24, 2016 8:34 PM EST | Bryna Godar
    Six states filed a new lawsuit Wednesday against the Obama administration over the Affordable Care Act. The complaint that Texas, Wisconsin, Kansas, Louisiana, Indiana and Nebraska filed in the Northern District of Texas takes issue with the Health Insurance Providers Fee assessed to health insurers to cover federal subsidies. The lawsuit says nothing in the Affordable Care Act's language provided clear notice that states would also have to pay the fee. ...
  • HHS failed to heed many warnings that HealthCare.gov was in trouble

    02/23/2016 8:40:04 AM PST · by Oldeconomybuyer · 16 replies
    Washington Post ^ | February 23, 2016 | by Amy Goldstein
    During the two years before the disastrous opening of HealthCare.gov, federal officials in charge of creating the online insurance marketplace received 18 written warnings that the mammoth project was mismanaged and off course but never considered postponing its launch, according to government investigators. The warnings included a series of 11 scathing reviews from an outside consultant - among them a top-10 list of risks drawn up in the spring of 2013 that cited inadequate planning for the website's capacity and deviations from usual IT standards. A few months before, then-Health and Human Services Secretary Kathleen Sebelius had hired another consultant...
  • Obamacare Coverage Is Worse than Nothing for Most People

    02/22/2016 3:58:09 PM PST · by Kaslin · 41 replies
    Townhall.com ^ | February 22, 2016 | Devon Herrick
    Most left-leaning health policy wonks assume everyone needs health coverage. I've never understood that. Insurance is a way to protect assets for people with assets to protect. Economists also sometimes describe health insurance as income protection in the event of an illness, since medical care costs money. Economist sometimes view health coverage as the ability to buy highly subsidized medical care in the event of an illness. Families' health risks, aversion to risk and family finances differ, so arguments that everyone needs the same type of protection against medical bills are not particularly convincing. To cloud the issue even further,...
  • Obama Administration Breaks Law to Enrich Health Insurers (Pelosi knew)

    02/23/2016 2:08:14 AM PST · by Libloather · 8 replies
    Creators ^ | 2/24/16 | Betsy McCaughey
    **SNIP** Desperate to keep insurers on board, the administration scrambled to find another source of money. Unfortunately, a big part of that money pot belongs to the public. Disregarding that fact, the administration announced on Feb. 12 that the money will be handed out to insurers - a whopping $7.7 billion this year alone. That huge handout to the insurance industry violates the law. This is money you and everyone else who already has insurance is forced to pay, called a reinsurance fee. You pay the fee whether you buy your own plan or get covered at work, even if...
  • Health care issue, longtime uniter of Democrats, now divides

    02/22/2016 10:13:10 AM PST · by Olog-hai · 17 replies
    Associated Press ^ | Feb. 22, 2016 12:48 PM EST | Ricardo Alonso-Zaldivar
    Health care for all. It's a goal that tugs at the heartstrings of Democrats, but pursuing it usually invites political peril. Now Bernie Sanders and Hillary Clinton are clashing over this core question for liberals, making it a wedge issue in the party's presidential primary. [...] Signed almost six years ago, Obama's health overhaul is the starting point for Democrats who would succeed him. About 16 million people have gained coverage, and the uninsured rate has fallen to 9 percent, a historic achievement. Economic recovery helped, but the biggest increases in coverage came after the health law's insurance markets and...
  • Obama looting the Treasury to pay off insurers (staving off O/Care collapse)

    02/22/2016 4:10:30 AM PST · by Liz · 14 replies
    NYPOST.COM ^ | 2/21/16 | Betsy McCaughey, senior fellow at the London Center for Po
    UnitedHealthcare and Aetna insurers are losing billions trying to sell ObamaCare plans. In 2014, the WH tried to avert disaster by promising insurers a taxpayer-funded bailout, but public outrage and quick action by Sen Marco Rubio put a stop to it. Desperate to keep insurers on board, they are now dipping into public money. On Feb. 12, the administration announced a whopping $7.7 billion to insurers, just this year alone....money taken from reinsurance fees....paid whether you buy your own plan or get covered at work, or if employer self-insures..... the fee is buried in your premium or taken out of...
  • Obama is looting the Treasury to pay off insurers

    02/22/2016 4:49:03 AM PST · by BradtotheBone · 15 replies
    The New York Post ^ | February 21, 2016 | Betsy McCaughey
    The Obama administration will tell any lie and break any law to prevent the president’s signature health-care program from collapsing. Insurance companies such as UnitedHealthcare and Aetna are losing billions trying to sell ObamaCare plans, and the risk is they’ll drop out at the end of 2016. No insurance companies means no ObamaCare. In 2014, the White House tried to avert that disaster by promising insurers a taxpayer-funded bailout, but public outrage and quick action by Sen. Marco Rubio put a stop to it. Now the administration is at it again. Desperate to keep insurers on board, the administration scrambled...
  • Some shocked by estate claims after signing up with MNsure

    02/16/2016 11:14:51 AM PST · by Twotone · 68 replies
    Duluth News Tribune ^ | Feb. 14, 2016 | John Lundy
    Scott Killerud was about to throw away a mailing about the 2016 enrollment period for MNsure last November when something caught his eye. "Just as I was going to drop it in the trash, I was like - wait a second. What did I just read?" the Pine County farmer said.
  • Now Humana Says It Might Bail On ObamaCare

    02/12/2016 2:36:20 AM PST · by IBD editorial writer · 39 replies
    Investor's Business Daily ^ | 2/11/2016 | Staff
    Health Reform: It wasn’t that long ago when ObamaCare fans were wagging their fingers at critics, saying industry profits proved that the law was working. They’ve been noticeably silent as insurers report huge losses.
  • Obamacare architect’s textbook is the most expensive one at UC-Berkeley

    02/11/2016 6:40:30 PM PST · by Kid Shelleen · 15 replies
    The College Fix ^ | 02/09/2016 | GREG PIPER
    We’ve noted before that a textbook written by Jonathan Gruber, the MIT economist who played a central role in the development of Obamacare and credited its passage to the “stupidity” of Americans, is mandatory reading for students in public-finance courses around the country.
  • Obamacare Immigrants: $750 Million In Subsidies Paid To 500,000 Ineligible Immigrants (REPORT)

    02/09/2016 6:55:06 AM PST · by xzins · 48 replies
    HNGN ^ | Feb 09, 2016 | Taylor Tyler
    The Affordable Care Act, also known as Obamacare, has paid out more than $750 million in taxpayer subsidies to more than half a million illegal immigrants and immigrants whose legal status was not verified, according to a new Senate report seen by Fox News. As of June 2015, "the Administration awarded approximately $750 million in tax credits on behalf of individuals who were later determined to be ineligible because they failed to verify their citizenship, status as a national, or legal presence," said the report from Republicans on the Senate Homeland Security and Governmental Affairs Committee, reported Fox News. The...
  • Licking Wounds, Insurers Accelerate Moves To Limit Health-Law Enrollment

    02/04/2016 2:30:57 PM PST · by Oldeconomybuyer · 9 replies
    Kaiser Health News ^ | February 4, 2016 | By Jay Hancock
    Stung by losses under the federal health law, major insurers are seeking to sharply limit how policies are sold to individuals in ways that consumer advocates say seem to discriminate against the sickest and could hold down future enrollment. In recent days Anthem, Aetna and Cigna, all among the top five health insurers, told brokers they will stop paying them sales commissions to sign up most customers who qualify for new coverage outside the normal enrollment period, according to the companies and broker documents. Last year, these "special enrollment" clients were much more expensive than expected because lax enforcement allowed...
  • Obamacare: 2016 sticker shock

    02/05/2016 2:30:52 PM PST · by HarleyLady27 · 24 replies
    Washington Examiner ^ | June 2, 2015 | Paige Winfield Cunningham
    Health insurers are proposing to raise Obamacare rates more than in the past - some by more than 70 percent - now that they are finally equipped with all the information they need to price those plans. Plans wanting to raise rates by at least 10 percent next year posted the proposed increase online Monday, as required by the 2010 healthcare law. Insurers are allowed to raise rates each year, but they must publish significant increases ahead of time. Insurers have sold plans in the law's new insurance marketplaces for two years in a row. But the difference in 2016...
  • CBO: Obamacare Costs to Increase in 2016 As Millions More Get Subsidized Insurance

    02/03/2016 9:17:16 PM PST · by Olog-hai · 13 replies
    Cybercast News Service ^ | February 2, 2016 | 4:40 PM EST | Barbara Hollingsworth
    Taxpayers will have to shell out an estimated $18 billion more to subsidize Obamacare in 2016 despite lower than expected enrollment in the health care exchanges, according to a forecast by the non-partisan Congressional Budget Office (CBO). In its latest 10-year economic forecast, CBO predicted that 13 million Americans would purchase health insurance through the Obamacare exchanges in 2016, with 11 million of them receiving government subsidies to help pay for their premiums. But that figure is 40 percent lower than the 21 million enrollees CBO predicted last year would sign up. ...