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Keyword: costs

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  • Obamacare Glitch Blocks Woman’s Medicine

    05/25/2014 9:55:30 AM PDT · by John Semmens · 12 replies
    Semi-News/Semi-Satire ^ | 23 May 2014 | John Semmens
    Though she was successful signing up for one of the Affordable Care Act health insurance plans, Shelby Higdon has been unsuccessful in her quest to obtain medicine for her condition. The problem stems from a mismatch between her actual gender and what is recorded in the ACA computer files. An ACA employee who asked to remain anonymous explained that “Shelby is a man’s name. She can’t expect us to overlook that. Her mother’s complaint is especially galling. She could’ve prevented this years ago if she’d simply named her daughter Shelly—an obvious girl’s name.” “We’ll probably get this straightened out eventually,”...
  • PhRMA warns out-of-pocket costs could double under O-Care

    05/16/2014 9:53:40 AM PDT · by Nachum · 15 replies
    The Hill ^ | 5/16/14 | Ferdous Al-Faruque
    A new study commissioned by PhRMA finds that many consumers in ObamaCare’s insurance exchanges could end up paying more than twice as much in out-of-pocket drug costs. The report for the nation’s top drug lobby was conducted by actuarial firm Milliman, which found that people on the Silver Plan, the most popular ObamaCare plan, would likely pay 130 percent more for out-of-pocket prescription drugs compared to people on similar employer-sponsored plans. One reason why out-of-pocket costs are likely to be higher is because employer plans are more generous than typical Silver Plans, according to the report. However, the numbers don’t...
  • Insurers: Medicare Advantage cuts cost seniors $900 per year

    03/02/2014 8:51:20 AM PST · by Libloather · 17 replies
    The Hill ^ | 2/27/14 | Elise Viebeck
    The health insurance industry fighting proposed cuts to Medicare Advantage payments argued they will raise seniors' out-of-pocket costs next year. America's Health Insurance Plans (AHIP), a trade group, blasted the reductions with a report Thursday finding that beneficiaries could pay as much as $900 more in 2015 if the cuts take effect. The report by consulting firm Oliver Wyman concluded that Medicare Advantage (MA) plans could see a 5.9 percent total cut to their payments next year as a result of changes proposed by federal health officials. The Centers for Medicare and Medicaid Services (CMS) floated a 2015 cut of...
  • More Hidden Costs of ObamaCare Coming to Light (some subsidies will have to be paid back)

    01/02/2014 5:48:30 PM PST · by Libloather · 29 replies
    The New American ^ | 1/02/13 | Bob Adelmann
    **SNIP** In addition, there’s the hidden surprise waiting for those who are enjoying subsidies to help them pay for the insurance. If they have a “major life event” like getting married, or getting a raise or a promotion with a higher salary, not only could the subsidy disappear but any subsidy they enjoyed prior will have to be paid back. **SNIP** The clock is ticking as the November elections draw ever closer. Senate Democrats up for reelection who voted for the ACA are finding themselves facing unhappy constituents and newly energized challengers along with critical TV ads from conservative groups...
  • Obamacare poster designs

    12/15/2013 10:00:13 AM PST · by tsomer · 31 replies
    self ^ | 12/15/13 | Tom Sommerville
    Obamacare graphics: Making the abstract concrete.
  • Now available: Prices for every insurance plan offered on Healthcare.gov (GET IN HERE!)

    10/23/2013 12:30:03 PM PDT · by 2ndDivisionVet · 59 replies
    Hot Air ^ | October 23, 2013 | Allahpundit
    Someone stumbled across this spreadsheet on the ObamaCare website last night and it’s been zapping around Twitter ever since. Is this information … supposed to be public? I thought the whole point of forcing people to register before showing them the prices is that they didn’t want you to see how expensive the plans are until you’d already been lured with the promise of subsidies.
  • The Healthcare.gov Challenge

    10/02/2013 9:55:58 AM PDT · by Chris in VA · 20 replies
    Western Center for Journalism ^ | 10/2/13 | Chris McAllister
    However, in a recent speech in Maryland, Obama challenged Americans to go to “the website” to see how much money they could save under Obamacare. He said that once you do and find out how much you save, you’re going to sign up “even if you didn’t vote for me.” The website in question is www.healthcare.gov, and I did go to see how much money I could “save” under Obamacare.
  • The Two Million Dollar Man: Obama’s 2-Day South Africa Trip Cost $2.2 Million

    10/01/2013 7:49:43 AM PDT · by Nachum · 16 replies
    Free Beacon ^ | 10/1/13 | Elizabeth Harrington
    President Barack Obama’s two day trip to South Africa in June cost taxpayers more than $2.2 million on hotel room and rental car costs alone, according to documents released by the State Department on Sunday. All told, the trip cost as much as $100 million according to a pair of Republican House members. The first family’s trip to sub-Saharan Africa was criticized by Reps. Mark Meadows (R., N.C.) and Steve Stockman (R., Texas) in June for its high price tag in the wake of budget cuts due to sequestration, though the visit went on as planned. The president’s “VIP visit”...
  • Price Check! Healthcare on Aisle 4.

    09/30/2013 6:31:11 AM PDT · by Chris in VA · 10 replies
    Western Center for Journalism ^ | 9/28/13 | Chris McAllister
    To quote Obama – “…it turns out you’re going to save a hundred, two hundred, three hundred dollars a month on your insurance…” This is the lowering of costs that he and all liberals have been touting since the beginning of this entire health care debacle back in 2010. “We’re going to lower costs.” But the problem they do not mention is that they are only talking about premiums.
  • College Subsidies a Growing Problem: More money, more issues

    09/16/2013 6:37:02 AM PDT · by MichCapCon · 9 replies
    CapCon ^ | 9/12/2013 | Jarrett Skorup
    It seems counterintuitive to some people, but government subsidies can harm the very people they are meant to help. So it is with the way Michigan funds higher education. Consider that 12 percent of college graduates in 1970 came from the families in the bottom 25 percent of income earners, but today that number is 7 percent, according to Richard Vedder, director of the Center for College Affordability and Productivity at Ohio University and an adjunct scholar with the Mackinac Center for Public Policy. Meanwhile, the six-year graduation rate is about 55 percent. That is, nearly half of students do...
  • How Much Will a War With Syria Cost?

    09/07/2013 10:32:54 PM PDT · by garjog · 19 replies
    The Motley Fool ^ | September 7, 2013 | By Katie Spence
    ... each Tomahawk cruise missile likely to be fired on Syria costs an estimated $1.5 million each to replace. That's great news for Raytheon (NYSE: RTN ) , which builds the missile, but not for the Navy's budget. Plus, if the U.S. fires missiles, that'll add an additional $30 million per week for as long as the Navy's Nimitz and Truman are engaged in combat. Those costs may not seem like much when you factor in overall defense spending, but thanks to the nature of sequestration, the Navy, as well as the rest of the military, is hurting.
  • President Obama seeks to shame colleges for rising tuition costs (& poor results)

    08/22/2013 4:59:11 PM PDT · by Libloather · 14 replies
    The Hill ^ | 8/22/13 | Justin Sink
    President Obama unveiled a new plan Thursday designed to shame colleges and universities over rapidly escalating tuition costs, warning the nation is facing "a crisis in terms of college affordability and student debt." At a series of events across New York state, the president touted his order to the Department of Education to create a new ranking system that grades universities on their value to students, providing applicants with a clearer idea of which schools give students the best bang for their buck. He also proposed tying federal aid to the rating system, arguing that the federal government should not...
  • A Limit on Consumer Costs Is Delayed in Health Care Law (Hussein's self-imposed 'setback')

    08/13/2013 2:53:02 PM PDT · by Libloather · 17 replies
    NY Times ^ | 8/12/13 | ROBERT PEAR
    WASHINGTON — In another setback for President Obama’s health care initiative, the administration has delayed until 2015 a significant consumer protection in the law that limits how much people may have to spend on their own health care. The limit on out-of-pocket costs, including deductibles and co-payments, was not supposed to exceed $6,350 for an individual and $12,700 for a family. But under a little-noticed ruling, federal officials have granted a one-year grace period to some insurers, allowing them to set higher limits, or no limit at all on some costs, in 2014. The grace period has been outlined on...
  • HHS on Health Insurers' Costs: 'Expenses Like Profits and Red Tape'

    06/20/2013 4:38:31 PM PDT · by Nachum · 4 replies
    Weekly Standard ^ | 6/20/13 | JERYL BIER
    The Department of Health and Human Services (HHS) put out a press release today promoting the savings to consumers from Obamacare in 2012. The department claims that the average consumer receiving a refund will get about $100 as a result of rules on how insurers must spend premium dollars. The press release contains the following curious characterization of ineligible expenses health insurers might incur: Created through the Affordable Care Act, the rule requires insurers to spend at least 80 cents of every premium dollar on patient care and quality improvement. If they spend a higher amount on other expenses like...
  • Yes, Premiums Will Go Up

    06/19/2013 6:50:53 AM PDT · by National Review · 9 replies
    National Review ^ | June 19, 2013 | National Review
    It’s an open-and-shut case: Rates will go up a lot under Obamacare. By James C. Capretta Last month, the Manhattan Institute’s Avik Roy — joined by Lanhee Chen, Yuval Levin, and Dan Kessler — set off a firestorm by audaciously challenging the prevailing Obamacare-friendly story about what will happen to premiums when the law’s implementation begins in earnest in 2014. Specifically, Roy and the others disputed the initial news stories coming out of California, fed by state officials, which indicated that the premiums paid by state residents enrolled in the Obamacare exchange would be lower in 2014 compared with 2013....
  • Proof That ObamaCare Will Fuel Health Care Inflation

    05/08/2013 5:56:13 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 05/07/2013 | IBD Staff
    Health Costs: Americans were promised that ObamaCare would make their health care more affordable. But a pair of studies show the new system has done nothing to lower health costs and will sharply raise them. Between 2009 and 2011, U.S. health spending rose just 3.9% a year, the lowest annual gains in decades. The Obama administration was quick to claim credit for the slowdown, with Health and Human Services Secretary Kathleen Sebelius saying ObamaCare had "contributed to the slowest sustained growth in health spending in 50 years." But two new studies make it clear that ObamaCare wasn't behind the slowdown...
  • Minnesota health plans see increased costs in 2012

    04/02/2013 5:32:46 AM PDT · by TurboZamboni · 4 replies
    pioneer press ^ | 4-2-13 | chris snowbeck
    Health care spending in Minnesota is on the rise again. Per-person spending by the state's nonprofit health insurance companies on medical care during 2012 rose 5.1 percent from the previous year, according data released Monday, April 1, by the Minnesota Council of Health Plans. That was a significant jump compared with the rate of medical cost inflation during 2010 and 2011, according to the St. Paul-based trade group. In 2011, for example, the annual increase in per-person spending was 0.4 percent -- likely because some patients delayed elective procedures during the slow economic recovery, experts say.
  • Obamacare not so ‘Affordable,’ study finds

    03/28/2013 6:05:04 AM PDT · by afraidfortherepublic · 4 replies
    The Wisconsin Reporter ^ | 3-28-13 | M. D. Kittle
    MADISON – Here are some lists you don’t want to finish first on: •Worst human being •Guy with most head lice •The naughty list (well maybe you do, you kinky devil, you) •Charlie Sheen’s ‘Hey, What’s in This Punch?’ party •The Society of Actuaries list of top five states facing the steepest health care cost hikes under the Patient Protection and Affordable Care Act Wisconsin comes close to topping the latter list. The Badger State checks in at No. 2 on the Society’s ranking of states expected to be most impacted by underlying claim costs under the ACA, derisively referred...
  • Now States Cutting Employee Hours to Avoid Obamacare Costs

    02/09/2013 11:14:45 PM PST · by Nachum · 28 replies
    Breitbart ^ | 2/9/13 | Joel Pollak
    The costs of Obamacare are not just hitting businesses this year--they are also hitting the government, and public employees as well. Virginia, for example, is about to limit part-time employees to 29 hours per week in order to avoid triggering Obamacare’s requirement that employers provide health insurance to those working 30 hours per week or more. The state cannot afford the $110 million annual cost of insurance. Elsewhere, public institutions are taking similar steps to limit part-time work. In Ohio, Youngstown State University recently announced a 29-hour-per-week part-time limit, and placed employees on notice that they would be fired if...
  • Senator Denies Possibility that Regulations Could Cost Jobs

    11/19/2012 11:41:28 AM PST · by John Semmens · 10 replies
    Semi-News/Semi-Satire ^ | 16 Nov 2012 | John Semmens
    Encouraged by the recent election results, Senate Majority Leader Harry Reid (D-Nev) boasted that “the Republicans’ contention that excessive government regulation causes increased unemployment has been convincingly refuted by voters.” “Of course, the GOP’s arguments were ludicrous from the beginning,” Reid maintained. “If we pass new regulations the government has to hire more people to enforce them. That means more jobs. Companies have to hire more people to ensure they comply with the regulations. That means more jobs. The regulations are kind of like a scissors cutting into unemployment from both sides.” The possibility that more regulations could boost the...
  • The Case for Calm Over Rising Health Costs

    10/08/2012 9:53:28 AM PDT · by pgyanke · 5 replies
    The New York Times ^ | 10/6/2012 | Amy Wallace
    IN 1946, a British newspaper shocked its readers by running an article with this ominous-sounding headline: “Nearly Half of U.K. Student Grades Are Below Average.” Read that back to yourself slowly, and you’ll realize, of course, that the law of averages would have it no other way. But man, does it sound bad. In his new book, “The Cost Disease: Why Computers Get Cheaper and Health Care Doesn’t” (Yale University Press) William J. Baumol uses that headline to help us understand his central idea about the diverging paths of certain costs in our economy. Mr. Baumol and a Princeton colleague...
  • Obamacare isn't reducing health care costs

    09/25/2012 5:48:25 PM PDT · by markomalley · 8 replies
    "To say it as plainly as I can," President Obama told the American Medical Association in 2009. "Health care reform is the single most important thing we can do for America's long-term fiscal health. That is a fact." Considering that the explosive growth of Medicare and Medicaid spending are the driving forces behind our current deficits, Obama was dead right in that 2009 speech. But in 2010, on the eve of the passage of Obamacare, Obama told the House Democratic Caucus, "Everybody who's looked at it says that every single good idea to bend the cost curve and start actually...
  • Student health care costs set to soar at private North Carolina college due to ObamaCare

    08/27/2012 1:10:58 PM PDT · by oliverdarcy · 9 replies
    Guilford College in North Carolina is poised to raise the prices they charge students for health insurance by 75 percent as a direct result of the implementation of President Obama’s landmark healthcare legislation, administrators told Campus Reform late last week. The price for university provided health care is expected to rise from $668 to $1,179 for the 2012-2013 school year, Greg Bursavich, who is the Vice President for Finance at Guilford College, told students in a letter late last month. “Our student health insurance policy premium has been substantially increased due to changes required by federal regulations issued on March...
  • Remember When Pelosi + Obammunist Drones in The Senate Said Obamacare Would 'Save Us Billion$?'

    07/31/2012 7:22:54 AM PDT · by Reaganite Republican · 6 replies
    Reaganite Republican ^ | July 31 , 2012 | Reaganite Republican
    How's that workin-out... The Congressional Budget Office never did quite buy-into the Obamacare 'savings' spiel; their far-more sober assessment after 'finding out what's in it' produced a federal cost estimate of $944B for the decade (2010-2019).   Yet last week Forbes took a fresh look at the CBO's lastest and found forecasts in a clear uptrend over the last two years, so much so that Obamacare's total decade cost now stands at an eye-watering $1.856 TRILLION, with over $1.3B of that deficit spending, not-at-all paid-for yet. Although the costs have already doubled, the article made it abundantly clear that most of...
  • Who’s science and math do you buy? The EPA’s?

    06/05/2012 5:42:55 PM PDT · by Mark Landsbaum · 6 replies
    Government agencies, who have a vested interest in justifying what they spend, expanding what they do and making a case for more of both, are hardly disinterested parties. Witness the EPA, that political entity dating to the Nixon Administration, which was created much like opening a Pandora’s box. The unforeseen consequences continue to pour forth to degrees not even Rachel Carson could have imagined. One of the short-comings of the mainstream media is that it swallows then regurgitates so much of what the government has to say about itself without bothering to critically examine, or even to seek out other...
  • California-based Apple to build $210-million new manufacturing plant. In China

    05/21/2012 11:42:44 AM PDT · by Mark Landsbaum · 63 replies
    Gov. Jerry Brown and the Democratic Party-controlled state Legislature and the army of bureaucrats and tax collectors doing their bidding have triumphed again. California-based Apple Computer will build a spanking new, $210-million manufacturing plant. In China. Is anyone surprised? The corporate tax rate in California is horrendous, the workforce is taxed worse than the corporations, the cost of living is off the charts thanks in large part to the costly burdens added by government regulations and housing, well, you know how that compares for California versus the rest of the world...
  • Survey: Which States Are Small-Business-Friendly?

    05/13/2012 6:08:56 AM PDT · by KeyLargo · 6 replies
    CATO ^ | May 11, 2012 | Walter Olson
    Survey: Which States Are Small-Business-Friendly? Posted By Walter Olson On May 11, 2012 @ 3:38 pm In Government and Politics,Regulatory Studies As Tad has noted [1], Thumbtack.com in cooperation with the excellent Kauffman Foundation of Kansas City has produced this attractive, clickable map [2] of the 50 states displaying the results of a survey of small-business friendliness. It’s worth checking out your state’s standing, as well as that of states with which it competes for new business. To a large extent the findings come in just about where one would expect: California plus the Northeast (aside from New Hampshire) are...
  • High-speed rail plan slashes costs to calm critics

    04/01/2012 2:14:16 PM PDT · by NormsRevenge · 27 replies
    SFGate.com ^ | 4/1/12 | Michael Cabanatuan
    State transportation officials have slashed the price tag for California's controversial high-speed rail project by $30 billion and expanded the first stretch of track to run from Merced in the Central Valley south to the San Fernando Valley in Los Angeles. The California High Speed Rail Authority's revised business plan, which will be released Monday in Fresno, calls for those dramatic changes as the agency prepares to ask the Legislature to use $2.7 billion in state high-speed rail bonds to start construction by early next year. The drastic revision, which puts the proposed cost of the system at $68.4 billion...
  • ObamaCare's Costs Are Soaring

    03/20/2012 8:16:26 PM PDT · by Free ThinkerNY · 10 replies · 1+ views
    The Wall Street Journal ^ | March 20, 2012 | RON JOHNSON
    One year after the passage of ObamaCare, this paper published an op-ed I wrote ("ObamaCare and Carey's Heart") about how America's health-care system saved my daughter's life, and describing how implementing this law will limit innovation, lead to rationing, and lower the quality of care. Now, two years out, I would like to focus on the budgetary disaster. As a candidate, Barack Obama repeatedly claimed that his health-care plan would lower annual family health-insurance premiums by $2,500 before the end of his first term as president. But the Kaiser Family Foundation recently reported that the average family premium has increased...
  • Secretary Unsure of Fiscal Impact of Obamacare

    03/12/2012 3:13:03 PM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 10 March 2012 | John Semmens
    Secretary of Health and Human Services (HHS) Kathleen Sebelius says she has no idea on what the fiscal impacts of Obamacare might be. “I haven’t really approached the issue from that perspective,” Sebelius told Senator Ron Johnson (R-Wisc) at a recent hearing. “We’re just trying to make sure everyone and everything is covered. Maybe we’ll take a look at costs later when we have more time.” Senator Johnson’s suggestion that all the requests for waivers that HHS has granted indicate a problem with cost was brushed aside by the Secretary. “First of all, I don’t know which waivers you are...
  • See How Much An Abortion Costs Under RomneyCare [Mitt 1/16/12: "I've always been pro-life"]

    01/17/2012 12:48:28 PM PST · by Nachum · 20 replies · 1+ views
    buzzfeed.com ^ | 1/17/12 | Andrew Kaczynski
    Politics Buzz Mitt Romney has been firmly pro-life since his 2005 conversion after legislation came to his desk in regard to Stem Cell research. But a trek over to the website of Commonwealth Care, the state funded health insurance program for low and moderate-income Massachusetts adults who don't have health insurance, created by RomneyCare, offers a copay for abortions.
  • Sharp Rise in U.S. Health Insurance Cost, Study Finds

    09/27/2011 8:50:40 AM PDT · by Oldeconomybuyer · 18 replies
    New York Times ^ | September 27, 2011 | By REED ABELSON
    The cost of health insurance for many Americans this year climbed more sharply than in previous years, outstripping any growth in workers’ wages and adding more uncertainty about the pace of rising medical costs. A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health insurance on a yearly basis, shows that the average annual premium for family coverage through an employer reached $15,073 in 2011, an increase of 9 percent over the previous year. “The open question is whether that’s a one-time spike or the start of a period of higher increases,” said Drew...
  • Questions Raised After DOE Hides Costs Of Energy Projects (Billionaire Kaiser involved?)

    09/02/2011 6:42:22 AM PDT · by Libloather · 7 replies
    9/01/11
    Link only - Questions Raised After DOE Hides Costs Of Energy Projects Each project is listed in detail on the DOE's website, but the costs were recently taken down.
  • Dutch Admission: Marijuana Isn’t So Soft Kids!

    06/28/2011 4:10:38 PM PDT · by AustralianConservative · 23 replies
    Weekend Libertarian ^ | June 29, 2011 | B.P. Terpstra
    Okay. So it’s too late for some fried brains – but better late than never. From Reuters: Now, a Dutch commission has found that hashish and marijuana on sale in the Netherlands contain around 18 percent of THC, the main psychoactive substance, and advised the health minister that anything above 15 percent put drugs on a par with heroin or cocaine. “I've been very worried for years about the THC concentration, especially if it is so high. We will take a serious look at it," Health Minister Edith Schippers told public broadcaster NOS. “The addictive consequences are much stronger and...
  • Video: The costs of Obama’s drilling moratorium – one year later

    05/27/2011 2:04:17 PM PDT · by Nachum · 5 replies
    The Blaze ^ | 5/27/11 | Meredith Jessup
    How much did the Obama administration’s knee-jerk moratorium on offshore drilling cost residents on the Gulf of Mexico last year? Although the moratorium was lifted after six months, the Heritage Foundation notes that nothing changed. It was only after tens of thousands of jobs were lost and gas prices soared that the Obama administration began approving a permit here and there. This lagging energy exploration has had serious impacts on the energy industry and, as a result, the entire U.S. economy:
  • Is There A Shortage Of Used Cars?

    05/19/2011 9:34:41 AM PDT · by Iron Munro · 97 replies
    WHEC-TV Rochester, NY ^ | May 18, 2011 | Ray Levato
    If you've tried to buy a used car recently -- a lot of people are finding it hard to get what they want. There is something of a used car shortage going on. News 10NBC found out there are a number of factors why there are fewer used cars out there. One is -- more people are holding onto their new cars longer but also, there are fewer rental cars coming on the market and fewer people are leasing vehicles so therefore -- fewer of those cars are out there. Joan Kamisch is trading her 2000 Chevy Lumina for a...
  • You can't run a war on a shoestring

    03/29/2011 2:49:10 AM PDT · by Scanian · 3 replies
    NY Post ^ | March 28, 2011 | Rich Lowry
    A Tomahawk missile costs $1.4 million. If you don't know that, you haven't paid attention to the debate over the Libya War. The war is America's first conflict initiated against the backdrop of $1 trillion deficits, and as such practically every strike is subject to the accountant's bean-counting. Our first fusillade of 160 cruise missiles, we are told, cost hundreds of millions of dollars alone. Even Indiana's Sen. Richard Lugar, a Republican establishmentarian and internationalist of long standing, argues the cost of the war is too damn high. "Who has really budgeted for Libya at all?" he asks. Yes, by...
  • Wisconsin: Capitol security costs: $3.2 million and counting

    03/28/2011 3:13:01 PM PDT · by Jean S · 12 replies
    Milwaukee Journal-Sentinel ^ | 3/29/11 | Don Walker
    Madison - Law enforcement agencies ran up more than $3.2 million in pay, overtime, mileage, food and hotels while providing security during weeks of protests at the Capitol, according to preliminary numbers compiled by the Journal Sentinel.The total bill is certain to go higher, largely because some municipal police departments and county sheriff's departments have not completed totaling their bills, some invoices are incomplete and costs for some larger law enforcement agencies, including the Wisconsin State Patrol, were not immediately available.
  • Costs of Libya operation already piling up

    03/21/2011 2:57:01 PM PDT · by Nachum · 13 replies
    National Journal ^ | 3/21/11 | Megan Scully
    With U.S. and coalition forces bombarding Libya leader Muammer al-Qaddafi's forces from the sea and air, the cost for the first day alone of the operation was well over $100 million with the total price tag expected to grow much higher the longer the strikes continue, analysts said.(Snip) With allies expected to shoulder some of the bill, the initial stages of taking out Libya's air defenses could ultimately cost U.S.-led coalition forces between $400 million and $800 million, according to a report released by the Center for Strategic and Budgetary Assessments earlier this month. Maintaining a coastal no-fly-zone
  • Forget Medicare, THIS Is The Chart That Shows Why America Is Doomed

    03/06/2011 8:53:44 AM PST · by blam · 51 replies · 1+ views
    TBI ^ | 3-6-2011 | Joe Weisenthal
    Forget Medicare, THIS Is The Chart That Shows Why America Is Doomed Joe Weisenthal Mar. 6, 2011, 8:16 AM If you look at the US fiscal situation, it's easy to see that Medicare is a looming black hole ready to swallow the entire economy. Reforming the entitlement seems necessary to prevent fiscal ruin. But actually that's too narrow a way of looking at things. After all, the costs borne by Medicare are no more sustainable if they're shifted to private individuals. It's just the path is different. The REAL problem is how expensive our healthcare system is compared to its...
  • Health Care Premiums Soar as Coverage Shrinks

    03/04/2011 6:36:16 PM PST · by SkyPilot · 27 replies
    NY Slimes ^ | 4 March 2011 | Robert Pear
    MANCHESTER, N.H. — Workers at a circuit-board factory here just saw their health insurance premiums rise 20 percent. At Buddy Zaremba’s print shop nearby, the increase was 37 percent. And for engineers at the Woodland Design Group, they rose 43 percent. The new federal health care law may eventually “bend the cost curve” downward, as proponents argue. But for now, at many workplaces here, the rising cost of health care is prompting insurance premiums to skyrocket while coverage is shrinking. As Congress continues to debate the new health care law, health insurance costs are still rising, particularly for small businesses....
  • Madison Law enforcement costs through February: $4 million to $5 million

    03/03/2011 7:38:39 AM PST · by chickadee · 13 replies
    JS Online ^ | 3/2/2011 | Don Walker
    Madison -- Administration Secretary Michael Huebsch estimated Wednesday that law enforcement costs to provide security at the State Capitol through February would likely total $4 million to $5 million.
  • Americans spend 6.1 billion hours on their taxes

    01/06/2011 7:17:20 AM PST · by Bigun · 13 replies
    CNN Money.com ^ | January 5, 2011 | Charles Riley
    (snip)Filing taxes takes too long, costs too much money and is far too overwhelming a process for taxpayers. (snip)"If tax compliance were an industry, it would be one of the largest in the United States," the report says. "To consume 6.1 billion hours, the 'tax industry' requires the equivalent of more than three million full-time workers."
  • Proving Christie right

    01/03/2011 3:41:28 AM PST · by Scanian · 1 replies · 1+ views
    NY Post ^ | January 03, 2011 | Editorial
    <p>You can't blame New Jersey Gov. Chris Christie if he feels some satisfaction over news out of the MTA.</p> <p>A new report by Inspector General Barry Kluger found that the transit agency's major development projects -- the Second Avenue subway, the LIRR link and the Fulton Transit Center -- are five years late and $2 billion over budget.</p>
  • 17 detained as PR university strike turns violent

    12/21/2010 2:32:05 PM PST · by La Lydia · 6 replies · 1+ views
    Washington Post ^ | December 21, 2010
    SAN JUAN, Puerto Rico -- At least 17 people have been detained as students at the largest public university in the Caribbean clashed with police during an indefinite strike over a new fee, officials said Tuesday. Hundreds of students launched the strike a week ago to demand that university officials eliminate an $800 yearly fee that will be imposed next year to help reduce the system's budget deficit. ... A similar strike in April over the fee and other issues paralyzed the university for nearly two months. The violent clash Monday afternoon began when several people threw smoke bombs inside...
  • Electricity from wind plant so expensive, no one will buy it

    12/20/2010 8:06:42 AM PST · by RatherBiased.com · 25 replies · 3+ views
    Cape Wind has outlasted a decade of government review, a slew of court brawls and fierce opposition from mariners, fishermen, Indian tribes and Kennedys just to win the right to sell its wind-fueled electricity. Now, all it needs are customers. Last month, the nation's first offshore wind farm nailed down its first buyer when the Massachusetts Department of Public Utilities approved a deal that sees Cape Wind selling half its power to National Grid, the state's largest electric utility. But the other half of the Cape Wind project's electricity remains available with no obvious takers, raising the possibility of a...
  • Why made-in-China goods cost more

    12/14/2010 3:57:38 AM PST · by Cardhu · 9 replies
    China Daily ^ | December 14th 2010 | Han Qi
    It has become a trend among Chinese traveling abroad to go shopping for products such as iPads, laptops and cameras. The Christmas and New Year season will see more people from the Chinese mainland looking for bargains in Hong Kong and Macao, and other places. Ironically, most of the these products are made on the mainland. So why this craze? Because - ironically again - they cost more on the mainland. Take 16 gigabyte iPads, assembled in Shenzhen, Guangzhou province, for instance. Their launch price was $499 (3,326 yuan) each in the United States and HK$3,888 (3,336 yuan) in Hong...
  • Is Illegal Immigration Moral? (There is more to the debate than costs and benefits)

    11/26/2010 6:47:59 AM PST · by SeekAndFind · 43 replies
    National Review ^ | 11/26/2010 | Victor Davis Hanson
    We know illegal immigration is no longer really unlawful, but is it moral? Usually Americans debate the fiscal costs of illegal immigration. Supporters of open borders rightly remind us that illegal immigrants pay sales taxes. Often their payroll-tax contributions are not later tapped by Social Security payouts. Opponents counter that illegal immigrants are more likely to end up on state assistance, are less likely to report cash income, and cost the state more through the duplicate issuing of services and documents in both English and Spanish. Such to-and-fro talking points are endless. So is the debate over beneficiaries of illegal...
  • City Considers Cutting Cops While City-Owned Pools Swim in Red Ink

    11/15/2010 9:13:48 AM PST · by MichCapCon · 20 replies
    Michigan Capitol Confidential ^ | 11/14/2010 | Tom Gantert
    In the City of Jackson, the discussion at city hall involves cutting police and fire by as many as 35 positions while the city runs two public pools that are swimming in red ink. Jackson is among many cities in the state that operates recreational opportunities - at a loss - while other core services are put on the chopping block. According to the city's budget, Jackson lost about $132,000 in 2008-09 by operating its two pools. The city also lost another $7,500 on its golf center. Jackson owns one 18-hole golf course, but its expenses are grouped in with...
  • Boeing employees to see healthcare costs rise due to new law

    10/18/2010 3:13:36 PM PDT · by NRG1973 · 27 replies
    Crain's Chicagi Business ^ | October 18, 2010 | N/A
    The big aircraft maker Boeing Co. says "cost pressures" from the new health care law are part of the reason it's asking employees to pay more for their medical benefits next year. In a letter mailed to employees late last week, Boeing said deductibles and copayments are going up significantly for some 90,000 nonunion workers. The company cited three major reasons for the cost shift, including untamed health care inflation, the effects of the new law, and lifestyle issues including being overweight and lack of exercise. Spokeswoman Karen Forte said Boeing is concerned that its relatively generous plan will get...