Keyword: obamacarecosts

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  • Dayton: Health Law 'No Longer Affordable'

    10/12/2016 12:21:00 PM PDT · by ButThreeLeftsDo · 22 replies
    KSTP.com ^ | 10/12/16 | AP
    Minnesota's Democratic governor said Wednesday that the Affordable Care Act is "no longer affordable," a stinging critique from a state leader who strongly embraced the law just a few years ago. Gov. Mark Dayton made the comments while addressing questions about Minnesota's fragile health insurance market, where individual plans are facing double-digit increases after all insurers threatened to exit the market entirely in 2017. They follow cost concerns and criticism nationwide, including President Bill Clinton saying last week that the law was "the craziest thing in the world" before he backtracked.
  • Health care costs rise by most in 32 years

    09/16/2016 2:18:21 PM PDT · by Zakeet · 37 replies
    CNN ^ | September 16, 2016 | Patrick Gillespie
    Prices for medicine, doctor appointments and health insurance rose the most last month since 1984. The price increases come amid a broader debate about climbing health care costs and high premiums for Obamacare coverage. [Snip] Medical care costs altogether rose 1% just in August from July, according to the Consumer Price Index, a report on price inflation from the U.S. Labor Department.
  • Massive ObamaCare Rate Hikes Are A Good Thing, White House Says

    08/27/2016 11:21:25 AM PDT · by PROCON · 51 replies
    investors.com ^ | Aug. 26, 2016
    Health Reform: This week Illinois' insurance regulator said ObamaCare premiums in the state will jump as high as 55%. The Obama administration's response to this and other news of massive rate hikes: Don't worry. Be happy. Anyone shopping for ObamaCare coverage in Illinois this fall is in for a big shock. The average increase for cheap Bronze plans is likely 44%. It's 45% for the lowest-cost Silver plan, and 55% for the cheapest Gold plan.
  • Dear John: ObamaCare’s Unaffordable Prices Make No Sense

    08/26/2016 12:52:42 PM PDT · by nickcarraway · 17 replies
    New York Post ^ | August 20, 2016 | JOHN CRUDELE
    Dear John: I make approximately $25,000 a year before taxes and I make another $10,000 from rental income. My mortgage is $2,100 a month. I got ObamaCare coverage last year, and I paid approximately $230 a month with some subsidies from New York state.
  • Fed Survey: Obamacare Causing Companies to Cut Jobs

    08/17/2016 1:56:24 PM PDT · by Brilliant · 15 replies
    WSJ ^ | Aug 16, 2016 | Vipal Monga
    Many companies are cutting jobs in response to rising health care costs spurred by the Affordable Care Act, according to a new survey by the Federal Reserve Bank of New York. Roughly one-fifth of service sector and manufacturing company executives said they are reducing the number of workers in response to provisions in the healthcare law... The New York fed surveyed about 100 executives in the manufacturing sector and roughly 150 executives in the services sector located in New York State, Northern New Jersey and Fairfield County, Connecticut... The results add to a bevy of bad news related to the...
  • Rate hikes show rising health costs and Obamacare’s flaws

    07/26/2016 6:02:07 AM PDT · by artichokegrower · 5 replies
    Sacramento Bee ^ | July 25, 2016 | Daniel Weintraub
    The big rate increases announced last week for health insurance policies sold by California’s version of the federal health reform are the latest evidence that the Affordable Care Act, despite its name, cannot do much to tame the rise of health care costs.
  • 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 ObamaCare’s outlook has worsened considerably as fewer people sign up and costs rise more than expected.
  • 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 Obama’s “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...
  • 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 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,...
  • 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. ...
  • Bill that would gut Obamacare would save half a trillion over next decade

    01/05/2016 8:20:38 AM PST · by SeekAndFind · 8 replies
    American Thinker ^ | 01/05/2016 | Rick Moran
    A bill that would repeal nearly all Obamacare taxes and mandates will save the taxpayer more than $500 billion over the next decade, according to the Congressional Budget Office. This is more than originally thought because Republicans successfully delayed the medical devices tax and the "Cadillac Tax" for several years. The Hill: Legislation to gut most of ObamaCare's mandates and taxes, known as Restoring Americans’ Healthcare Freedom Reconciliation Act, would reduce the deficit by $516 billion over 10 years, according to the Congressional Budget Office (CBO). The bill is expected to get a vote in the House this week,...
  • CBO: ObamaCare repeal bill would reduce deficits by half a trillion dollars over 10 years

    01/05/2016 7:18:03 AM PST · by Kaslin · 9 replies
    Hot Air.com ^ | January 5, 2016 | ED MORRISEY
    Plenty of Americans choose to reject ObamaCare to save themselves a boatload of money. Republicans in Congress believe the US budget should have that choice, and the CBO agrees with them that it would work, too. Their latest analysis of a bill that would repeal the major components of ObamaCare through the reconciliation process concludes that it would reduce federal deficit spending by $516 billion over the first ten years: Legislation to gut most of ObamaCare’s mandates and taxes, known as Restoring Americans' Healthcare Freedom Reconciliation Act, would reduce the deficit by $516 billion over 10 years, according to the...
  • NO FIXING THEM: Dead enrolled in NY's health exchange

    10/29/2015 11:45:06 AM PDT · by Behind Liberal Lines · 18 replies
    Binghamton Press and Sun-Bulletin | 1:44 p.m. EDT October 29, 2015 | Joseph Spector, jspector@gannett.com
    Gannett, so link only: http://www.pressconnects.com/story/news/local/new-york/2015/10/29/dead-entolled-health-exchange/74807200/
  • CBO: ObamaCare Increases Deficit by $1.35 Trillion

    10/28/2015 7:44:29 AM PDT · by xzins · 28 replies
    CFIF ^ | JANUARY 28 2015 | ASHTON ELLIS
    After barely more than a year in operation, ObamaCare is now projected to require more than a trillion dollars in deficit spending over the next decade, according to the new CBO report. Buried in a new report by the Congressional Budget Office is the latest admission that ObamaCare was sold on a foundation of lies. Back in 2009, President Barack Obama told a joint session of Congress that “our health care system is placing an unsustainable burden on taxpayers.” “Put simply, our health care problem is our deficit problem. Nothing comes close. Nothing else.” The president’s speech was designed to...
  • Massive shortfall in government payouts to insurance companies promises big premium increases

    10/27/2015 7:50:49 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 10/27/2015 | Rick Moran
    The government program to reimburse insurance companies with big losses as a result of signing up too many old and sick customers is massively short of funds and could cause some companies to either go under or get out of the Obamacare exchanges. The so-called "risk corridors" that forced profitable companies to pay into a fund that would be disbursed to companies who lost money is underfunded by 88% and will almost certainly lead to big changes in premiums and consumer choice on the exchanges. Washington Examiner: Obamacare insurers requested about $2.9 billion in risk corridor payments for the...
  • Missing Money? Report questions how states spent ObamaCare funds (Pelosi knew)

    10/25/2015 4:17:06 AM PDT · by Libloather · 19 replies
    Fox News ^ | 10/25/15 | Hollie McKay
    **SNIP** About $4.6 billion was given to these 17 recipients, including California, New York, Washington state and Kentucky. But the GAO report found that so far, just $1.4 billion of that has been spent on IT projects, and a total of $3 billion has been “spent or drawn down,” though not all the spending is detailed. That, then, leaves at least $1.6 billion unaccounted for. Yet only three states returned any portion of the money – a total of just over $1 million was given back. “[T]he specific amount spent on marketplace-related projects was uncertain, as only a selected number...
  • Obamacare´s Blue State Money Laundry

    09/14/2015 9:25:18 AM PDT · by rootin tootin · 6 replies
    American Spectator ^ | 9/14/2015 | David Catron
    When Maryland’s Attorney General announced last summer that his office had negotiated a settlement whereby $45 million would be recouped from the IT contractor that botched the state’s Obamacare exchange, it was widely reported as good news for taxpayers. It appeared that their investment in the mismanaged project would not be a dead loss. But the AG’s statement included this curious passage: “The agreement… will lead to the recovery of funds for both Maryland and the federal Centers for Medicare and Medicaid Services [CMS].” What’s so odd about that? Well, the state didn’t contribute any money to the project. All...
  • NYT: Obama Admin. Trying to Squash Big Obamacare Rate Hikes

    08/05/2015 5:37:30 AM PDT · by E. Pluribus Unum · 20 replies
    SharylAttkisson.com ^ | 08/05/2015 | Sharyl Attkisson
    According to the New York Times, Blue Cross and Blue Shield of Minnesota requested rate increases averaging about 50 percent for 2016, and a vice president there said his company had not seen an improvement in the health status of new customers. “WASHINGTON — Hoping to avoid another political uproar over the Affordable Care Act, the Obama administration is trying to persuade states to cut back big rate increases requested by many health insurance companies for 2016…” Read the NYT article
  • Audit finds 22 of 23 taxpayer-backed ObamaCare co-ops lost money in 2014

    07/30/2015 8:54:20 AM PDT · by george76 · 5 replies
    Associated Press ^ | July 30, 2015
    Under resident Barack Obama's overhaul, taxpayers provided $2.4 billion in loans to get the co-ops going, but only one out of 23 -- the one in Maine -- made money last year ... Another one, the Iowa/Nebraska co-op, was shut down by regulators over financial concerns. The audit by the Health and Human Services inspector general's office also found that 13 of the 23 lagged far behind their 2014 enrollment projections. The probe raised concerns about whether federal loans will be repaid, and ... Just last week, the Louisiana Health Cooperative announced it would cease offering coverage next year
  • For Many, Obamacare Is Becoming The Unaffordable Care Act

    07/05/2015 1:25:31 PM PDT · by Brad from Tennessee · 51 replies
    Forbes ^ | July 5, 2015 | By Richard Eisenberg
    Let me start by saying this is not a political screed against Obamacare; I’m thrilled that some 18 million Americans now have health insurance who didn’t before the law took effect, lowering the percentage of uninsured adults from 18% in 2013 to 11.9% today. But I’m growing concerned that for some people — especially older, middle- and lower-income adults — the Affordable Care Act is becoming The Unaffordable Care Act. A Growing Problem: The Underinsured Several recent studies suggest to me that due to a combination of Obamacare’s incentives to reduce premiums; the rise of so-called “consumer-driven” and high-deductible health...
  • However the Supreme Court Rules, ObamaCare Is In Deep Financial Trouble

    06/22/2015 6:26:04 AM PDT · by IBD editorial writer · 19 replies
    Investor's Business Daily ^ | 06/22/2015 | John Merline
    Anyone who thinks ObamaCare will cut the deficit over the next decade should look at Page 11 of the latest Congressional Budget Office report. The table on that page shows how the trillions in ObamaCare subsidies are supposed to be "paid for" — by tax hikes or spending cuts. What it reveals, however, is that ObamaCare increasingly relies on dubious Medicare spending cuts to cover its growing subsidy costs.
  • Some Insured Patients Still Skip Care Because Of High Costs

    06/11/2015 6:46:43 AM PDT · by Oldeconomybuyer · 19 replies
    Kaiser Health News ^ | June 10, 2015 | By Jim Burress
    A key goal of the Affordable Care Act is to help people get health insurance who may have not been able to pay for it before. But the most popular plans – those with low monthly premiums – also have high deductibles and copays. And that can leave medical care still out of reach for some. Renee Mitchell of Stone Mountain, Georgia is one of those people. She previously put off a medical procedure because of the expense. But as the threat of losing part of her vision became a real possibility, she sought an eye specialist at Emory University,...
  • Obamacare Overhead Study a Trojan Horse

    06/01/2015 4:06:15 AM PDT · by rootin tootin · 6 replies
    American Spectator ^ | 6/1/2015 | David Catron
    During the past few days the legacy media and the internet have been flooded with news articles, editorials and blog posts with titles like “Overhead costs exploding under ObamaCare.” This all-too-predictable phenomenon has been breathlessly reported by outlets as different in their ideological perspectives as the Wall Street Journal and the Daily Kos. Sadly, when liberal and conservative publications are equally enthusiastic about breaking a story, it usually means the latter have been duped into promoting progressive propaganda. This case is no exception. The basis for these reports is a “study” produced by a couple of notorious lefty data diddlers....
  • Overhead costs exploding under ObamaCare, study finds

    05/28/2015 2:03:09 PM PDT · by Jim Robinson · 10 replies
    The Hill ^ | May 28, 2015 | By Sarah Ferris
    Five years after the passage of ObamaCare, there is one expense that’s still causing sticker shock across the healthcare industry: overhead costs. The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the Health Affairs blog. The $270 billion in new costs, for both private insurance companies and government programs, will be “over and above what would have been expected had the law not been enacted,” one of the authors, David Himmelstein, wrote Wednesday. Those costs will be particularly high...
  • Obamacare’s $800 Billion Tax Hike Explained in One Chart

    04/14/2015 9:25:43 AM PDT · by QT3.14 · 8 replies
    The Daily Signal ^ | April 6, 2015 | Alex Rendon
    April 15 is right around the corner, and millions of Americans will find themselves paying more in taxes than ever thanks to Obamacare. The law is more than a fundamental change to the country’s health care system. It also is a massive tax hike. As The Heritage Foundation’s Federal Budget in Pictures shows, according to the most recent scores, Obamacare will increase taxes by nearly $800 billion for the period of 2013-2022.
  • Affordable Care Act will cost less than thought

    03/09/2015 5:52:43 PM PDT · by E. Pluribus Unum · 39 replies
    WISN.com ^ | 03/09/2015
    NEW YORK (CNNMoney) —The Affordable Care Act's price tag continues to fall.The president's landmark health reform law will cost $506 billion for the coming five fiscal years, according to updated projections from the Congressional Budget Office, released Monday. That's 29% less than the agency's projection back in March 2010. Among the reasons for the decline:-- The Supreme Court's 2012 ruling that allowed states to decide whether to expand Medicaid. -- The continued slow growth of health care spending. -- Enrollment in Affordable Care Act insurance exchanges has ramped up more slowly than anticipated.In its latest projection, CBO also revised its...
  • A Supreme Court decision against Obamacare could cost states billions and billions of dollars

    02/19/2015 5:52:54 PM PST · by Jim Robinson · 35 replies
    Washington Post ^ | February 19, 2015 | By Greg Sargent
    If you want a sense of just how far-reaching the impact of a Supreme Court decision gutting Obamacare subsidies could prove, new data on health care signups released this week provide a fresh way to game out such a ruling’s consequences. The Department of Health and Human Services announced the other day that some 11.4 million people have signed up for health plans through federal marketplaces. The new HHS data also provides a breakdown of the number of sign-ups in each of the three dozen states on the federal exchange — precisely the states that would no longer get subsidies...
  • Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance...

    01/26/2015 3:17:28 PM PST · by Libloather · 14 replies
    Daily Mail ^ | 1/26/15 | David Martosko
    Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday. The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook. The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect. Pulling...
  • Macomb County hit with $1.5 million in Obamacare fees

    12/22/2014 3:14:04 PM PST · by Oldeconomybuyer · 16 replies
    The Macomb Daily (MI) ^ | December 22, 2014 | By Chad Selweski
    County officials are starting to feel the pain of Obamacare. The Board of Commissioners has learned the various fees levied on large employers by the Affordable Care Act will cost the county nearly $1.5 million for 2014. In a memo to the commissioners, county Risk and Insurance Manager John Anderson said the fees are based on the county’s nearly 3,000 full-time employees who receive health care benefits. The largest cost, by far, is a 2.5 percent fee tacked onto health insurance premiums to help pay for the ACA’s online insurance exchanges and overall implementation costs. The first year price tag:...
  • 5 Ways ObamaCare Hides Its Costs

    11/11/2014 5:17:24 AM PST · by IBD editorial writer · 19 replies
    Investor's Business Daily ^ | 11/11/2014 | John Merline
    "Lack of transparency is a huge political advantage. Call it the stupidity of the American voter, or whatever, but basically that was really, really critical to getting the thing to pass." That was MIT economist Jonathan Gruber, one of the key architects of ObamaCare, explaining how ObamaCare was purposefully designed to obfuscate how it was financed, how the subsidies worked and other unpleasant features of the law. [snip] Gruber's comments, made at a 2013 conference but just now making the rounds on the Internet, are the polar opposite of what Democrats promised the public.
  • Study: Obamacare to shrink labor market more than previously thought

    10/09/2014 1:07:54 PM PDT · by ThethoughtsofGreg · 5 replies
    American Legislator ^ | 10-9-14 | Sean Riley
    In a new working paper from the Mercatus Center, University of Chicago economist Casey Mulligan projects that the Affordable Care Act will reduce weekly employment per person by 3 percent, or roughly 4 million full-time-equivalent workers. These new estimates are significantly higher than the 2.5 million reduction in labor supply estimated by the Congressional Budget Office earlier this year. To be clear, a reduction in labor supply differs from a reduction in labor demand—a distinction many failed to recognize when the CBO first released estimates. It is not the case that the ACA will necessarily forces employees out; rather, the...
  • Not-Too-Happy Meal: Diners Miffed Over Obamacare Surcharges

    10/07/2014 12:16:13 PM PDT · by bestintxas · 135 replies
    newsmax ^ | 10/7/14 | j blosser
    Next time you eat out at a fancy restaurant, don't be surprised if, at the end of your meal, you spot an unfamiliar item on your tab — a surcharge to pay for Obamacare. Diners at high-end restaurants such as Melisse, AOC, and a dozen others in the Los Angeles and San Francisco areas have noticed a 3 percent surcharge for employee healthcare tacked on to their bills, and the Los Angeles Times reports that some of the customers are none too happy about it. One diner complained in an online blog, "It's basically management saying 'Obamacare made me do...
  • Underinsured ACA enrollees strain community health centers

    09/26/2014 11:47:02 AM PDT · by Twotone · 10 replies
    Modern Health Care ^ | Sept. 25, 2014 | Virgil Dickson
    Obamacare enrollees are straining the finances of community health centers around the country, some health center leaders say. The issue is that many lower-income patients with insurance coverage through the federal and state exchanges bought bronze-tier plans with lower premiums but high deductibles, coinsurance and copayments and no federal cost-sharing subsidies. When these patients face high out-of-pocket costs for care that falls below the deductible, they can't afford it. So the centers are subsidizing that care by offering them means-tested sliding-scale fees. When the centers, which are not allowed to turn away patients for inability to pay, try to get...
  • Surgery Prices Surge With Innovation and Consolidation Under Obamacare

    09/01/2014 11:53:04 AM PDT · by Nachum · 18 replies
    wrcbtv ^ | 8/31/14 | NBC News
    NBC News - The price to remove a gall bladder or replace a hip has spiked more than 20 percent during the past five years, according to an analysis of data collected for NBC News. Surgery has bloomed into a $500 billion industry in the United States, where 80 to 100 million procedures are performed annually — a per-capita rate that's some 50 percent higher than in the European Union, said Dr. John Birkmeyer, a researcher and adjunct professor at the Dartmouth Institute and in the university's Community & Family Medicine program. The reason? Expensive yet safer technologies and hospital...
  • NY Fed: Firms 'widely' see Obamacare boosting health costs

    08/18/2014 4:38:25 PM PDT · by Oldeconomybuyer · 6 replies
    CNBC ^ | August 18, 2014 | by Dan Mangan
    Many businesses said Obamacare is jacking up their employee health coverage costs, and they expect it to do so even more next year, two new surveys of businesses by the Federal Reserve Bank of New York have found. Not all firms surveyed said the Affordable Care Act (ACA) is to blame for those cost increases to date. But a majority did. About 20 percent of respondents to both surveys said they were reducing their number of workers and/or raising the share of part-time workers as a result of the ACA. "A similar proportion said they were paying less compensation per...
  • Obamacare rates to soar by as much as 23 per cent in 2015

    08/05/2014 9:30:06 PM PDT · by TigerClaws · 12 replies
    Sticker shock is around the corner for many Americans with government-brokered medical coverage, as insurance companies are beginning to apply their first-year costs to next year's premiums. In the case of Florida, some consumers will pay as much as 23 per cent more when their plans are renewed in the fall, according to the Florida Office of Insurance Regulation. Read more: http://www.dailymail.co.uk/news/article-2716851/Obamacare-rates-2015-23-cent.html#ixzz39aDNsRvB Follow us: @MailOnline on Twitter | DailyMail on Facebook
  • Bill for Obamacare blunder: $173M

    08/02/2014 8:07:30 AM PDT · by Oldeconomybuyer · 7 replies
    Boston Herald ^ | August 2, 2014 | by Chris Cassidy
    The cost of providing free taxpayer-funded coverage to Bay Staters unable to sign up for Obamacare because of Massachusetts’ disastrous website problems has soared to $173 million, according to a new Patrick administration report. Some 251,280 Bay Staters are now on the free transitional coverage — basically Medicaid — marking an increase of about 50,000 people since April that one watchdog found alarming. “There should be a red siren going off for state budget writers and taxpayers about the cost of this, and yet there seems to be very little alarm,” said Joshua Archambault of the Pioneer Institute. “There will...
  • Healthcare Premiums Would Absolutely Explode If Today's Obamacare Ruling Stands!

    07/22/2014 9:42:04 AM PDT · by SeekAndFind · 51 replies
    Business Insider ^ | 07/22/2014 | Brett LoGiurato
    A federal appeals court on Tuesday dealt a setback to the Affordable Care Act, ruling that premium subsidies provided through the federal health exchange in 36 states are invalid under the writing of the law.Here's the practical effect of the ruling, if it withstands the rest of the legal process: More than 5 million, generally low-income Americans who received tax credits through the federal exchange to purchase health insurance would see their premiums explode.Avalere Health, an independent healthcare firm, released an analysis last week showing that individuals who received premium subsidies for health insurance would see a premium hike of about...
  • More Bad News for Obama and Obamacare: Deficit Set to Explode Sooner Than You Think

    07/17/2014 7:26:51 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | July 17, 2014 | John Ransom
    Buy now, pay later. That will be the epitaph on the tombstone of the Obama administration. The Congressional Budget Office, a research outfit that justifies government spending, is warning that while deficit may appear tame now-- comparatively speaking-- the budget path we are on is unsustainable. “The extended baseline projections show a substantial imbalance in the federal budget over the long term,” says the new CBO report, “with revenues falling well short of spending. As a result, budget deficits are projected to rise steadily and, by 2039, to push federal debt held by the public up to a percentage of...
  • 3,137-County Analysis: Obamacare Increased 2014 Individual-Market Premiums By Average Of 49%

    06/20/2014 6:13:25 AM PDT · by TigerClaws · 6 replies
    There are hundreds of aspects of Obamacare that people argue over. But there’s one question that matters above all others: does the Affordable Care Act live up to its name? Does it make health insurance less expensive? Last November, our team at the Manhattan Institute published a study indicating that Obamacare had increased the underlying cost of individually-purchased health insurance in the average state by 41 percent in 2014, relative to 2013. We’ve now redone the study on a county-by-county basis, complete with a brand-new interactive map. Depending on where you live, the results may surprise you.
  • Hospitals hiking cost on the poor due to … ObamaCare

    05/27/2014 11:50:04 AM PDT · by SeekAndFind · 4 replies
    Hotair ^ | 05/27/2014 | Ed Morrissey
    There are multiple levels of irony in this New York Times report on the impact of ObamaCare on poor patients in the nation’s hospitals. Congress demanded the power to revamp the health-insurance industry and expand Medicaid in order to help the poor get better medical care for less money. In reality, the opposite appears to be happening, as hospitals attempt to force the poor into ObamaCare: Hospital systems around the country have started scaling back financial assistance for lower- and middle-income people without health insurance, hoping to push them into signing up for coverage through the new online marketplaces...
  • 'Reference pricing' could end up costing unwary consumers thousands of dollars (Obamacare)

    05/21/2014 12:17:31 PM PDT · by Lorianne · 12 replies
    Star Tribune/AP ^ | 16 May 2014 | RICARDO ALONSO-ZALDIVAR
    You just might want to pay attention to the latest health insurance jargon. It could mean thousands of dollars out of your pocket. The Obama administration has given the go-ahead for a new cost-control strategy called "reference pricing." It lets insurers and employers put a dollar limit on what health plans pay for some expensive procedures, such as knee and hip replacements. Some experts worry that patients could be surprised with big medical bills they must pay themselves, undercutting financial protections in the new health care law. That would happen if patients picked a more expensive hospital — even if...
  • Hawaii health care exchange spent $10,800 per enrollee

    05/11/2014 7:25:23 AM PDT · by SeekAndFind · 3 replies
    American Thinker ^ | 05/10/2014 | Thomas Lifson
    Obamacare is proving to be a lesson in government waste, inefficiency, and incompetence. Does anyone in the world think that a private company could survive if it spent money the way several states have done on their health care exchanges? Massachusetts, Maryland, and Oregon have already abandoned their expensive efforts, and more states are expected to follow. Hawaii may be one of them: The chief executive of Hawaii's largest health insurance company is calling on Hawaii to shut down its beleaguered health insurance exchange, which was set up as part of President Barack Obama's signature health care law. Michael Gold,...
  • Only 28% of ObamaCare enrollees are 18-34

    05/02/2014 1:31:38 PM PDT · by SeekAndFind · 16 replies
    Hotair ^ | 05/02/2014 | Bruce McQuain
    The demographic that was key to holding down health care costs apparently came in well below the level necessary to ensure that: Just more than a quarter of the eight million people who signed up for health plans under the Affordable Care Act are in the prized demographic of 18 to 34 years old, falling short of the figure considered ideal to keep down policy prices.The data, released Thursday by the Obama administration, painted a more complete picture of enrollment in the plans. They show that about 28% of people picking plans on the state and federal insurance exchanges...
  • Sources: Sebelius Now Refusing To Testify Before Senate Panel

    04/30/2014 8:02:27 AM PDT · by afraidfortherepublic · 28 replies
    The Daily Caller ^ | 4-30-14 | Caroline May
    Outgoing Health and Human Services Sec. Kathleen Sebelius is now refusing to testify before the Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies, a Senate aide told The Daily Caller Tuesday. Sebelius had originally been set to testify before the subcommittee about the department’s 2015 $70 billion budget request on April 2. According to another aide, however, several weeks after confirming the hearing date, she requested a date switch with the National Institutes of Health budget hearing on May 7. The committee accommodated her request. Now, after announcing her resignation on April 11, she is...
  • Sebelius Now Refusing To Testify Before Senate Pane (A mockery of our Republic)

    04/30/2014 5:50:31 AM PDT · by bestintxas · 21 replies
    daily caller ^ | 4/29/14 | c may
    Outgoing Health and Human Services Sec. Kathleen Sebelius is now refusing to testify before the Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies, a Senate aide told The Daily Caller Tuesday. Sebelius had originally been set to testify before the subcommittee about the department’s 2015 $70 billion budget request on April 2. According to another aide, however, several weeks after confirming the hearing date, she requested a date switch with the National Institutes of Health budget hearing on May 7. The committee accommodated her request. Now, after announcing her resignation on April 11, she is...
  • Employers Say Obamacare Will Cost Them $5,000 More Per Employee

    04/02/2014 12:16:31 PM PDT · by Jim Robinson · 30 replies
    Washington Free Beacon ^ | April 2, 2014 | BY: Elizabeth Harrington
    Obamacare will cost large companies between $4,800 and $5,900 more per employee and add hundreds of millions to their overhead, according to a new survey. The American Health Policy Institute conducted a confidential survey of 100 large employers—those with 10,000 or more employees—asking what costs they expect to incur from Obamacare over the next decade. Factoring in the health care law’s added mandates, fees, and regulatory burdens, employers anticipate cost hikes between $163 million and $200 million in 2016, a 4.3 percent increase. By 2023, employers will be paying 8.4 percent more than “what they would otherwise be spending” for...
  • Inmates getting coverage under ObamaCare, as states shift cost to feds

    04/04/2014 6:56:25 PM PDT · by Jim Robinson · 17 replies
    FOX News ^ | April 4, 2014 | By Barnini Chakraborty
    WASHINGTON – The Obama administration often touts that people with pre-existing conditions and countless others can now get covered under ObamaCare. But there's another group that's starting to benefit from the law -- prison inmates. Cash-strapped state and local prisons increasingly are using the Affordable Care Act to pay for their inmates' medical costs, taking advantage of a little-known provision that lets them shift some of those expenses to the federal government. Ohio, Illinois and Iowa are among the states trying to offload the rising costs of health care – which include mental health programs – by enrolling inmates into...
  • THE STAGGERING COSTS OF OBAMACARE

    04/02/2014 4:24:08 PM PDT · by Hojczyk · 4 replies
    Powerline ^ | April 2,2014 | PAUL MIRENGOFF
    Now that President Obama has completed his end-zone dance for perhaps signing up more people for health insurance than have been dropped from coverage due to Obamacare, it’s time for a sober look at the costs of his signature program. Our friend Tevi Troy, head of the American Health Policy Institute (AHPI), provides that look in a study called “The Cost of the Affordable Care Act to Large Employers.” The study is based on internal cost data from more than 100 large employers (10,000 or more employees each) doing business in the United States. It offers the first-ever look at...