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