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Keyword: obamacarecosts

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  • 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...
  • How 'low information' are low information Americans about Obamacare?

    01/10/2014 7:50:15 AM PST · by SeekAndFind · 39 replies
    American Thinker ^ | 01/10/2014 | Rick Moran
    Surprisingly - even shockingly - ignorant. Reuters: Most uninsured adult Americans lack basic knowledge about President Barack Obama's signature healthcare law and haven't visited their online insurance marketplace because they think health insurance is unaffordable, according to a survey released on Thursday.The survey from Enroll America, a non-profit healthcare enrollment coalition, found that 68 percent of uninsured adults had not yet logged onto their online exchanges.A similar number, 69 percent of the uninsured, still lacked knowledge about tax subsidies and other financial help designed to make the Affordable Care Act, better known as Obamacare, affordable for many, the survey...
  • 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...
  • Washington state may force some government workers to join Obama’s health insurance exchange

    10/26/2013 3:04:47 PM PDT · by Lorianne · 19 replies
    NY Post ^ | 24 April 2013
    OLYMPIA, Wash. — In a quest to save money, political leaders in Washington state are exploring a plan that would shift some government workers out of their current health plans and onto the insurance exchange developed under President Barack Obama’s health care law. Lawmakers believe the change, which could affect thousands of part-time state employees and education workers, would save the state $120 million over the next two years. It would consequently push more health care costs onto the federal government because many of the low-income workers would likely qualify for federal subsidies. Washington state appears to be the first...
  • Feds reviewed only one bid for Obamacare website design (Obama Campaign Contributor?)

    10/14/2013 5:32:27 PM PDT · by PJ-Comix · 31 replies
    Washington Examiner ^ | October 13, 2013 | RICHARD POLLOCK
    Federal officials considered only one firm to design the Obamacare health insurance exchange website that has performed abysmally since its Oct. 1 debut. Rather than open the contracting process to a competitive public solicitation with multiple bidders, officials in the Department of Health and Human Services' Centers for Medicare and Medicaid accepted a sole bidder, CGI Federal, the U.S. subsidiary of a Canadian company with an uneven record of IT pricing and contract performance.CMS officials are tight-lipped about why CGI was chosen or how it happened. They also refuse to say if other firms competed with CGI, or if there...
  • Get Ready for ObamaCare Premium Defaults

    10/03/2013 9:39:51 AM PDT · by tflabo · 27 replies
    The American Spectator ^ | 4.4.13 | Betsy McCaughey
    Even with subsidies, millions of people coerced to sign up will stop paying premiums. ..... Families living paycheck to paycheck will default in order to make rent or car payments. This is the mortgage crisis and the college loan crisis all over again.
  • Not Planning to Buy Health Insurance? Here’s What’s Going to Happen to You

    10/04/2013 2:57:21 PM PDT · by Maelstorm · 110 replies
    http://www.moneytalksnews.com ^ | October 4, 2013 | By Susan Ladika
    It may seem like a clever idea to save yourself cash by not purchasing health insurance, but with Obamacare kicking in, you’ll have penalties to pay, which could cost you big bucks in the long run. Not only are you playing financial Russian roulette – you could be forking out tens of thousands or hundreds of thousands of dollars if you’re injured in an accident or become seriously ill – you’ll also have to pay a penalty to the federal government for flouting the law, costing you hundreds or thousands of dollars more. A wiser decision if you’re uninsured is...
  • Media Ignoring Facts on Obamacare Rates: Preliminary analysis show sharp hikes

    10/02/2013 11:13:21 AM PDT · by MichCapCon · 9 replies
    Capitol Confidential ^ | 9/30/2013 | Jack McHugh
    Michigan media reports are full of happy talk related to information released by the U.S. Department of Health and Human Services on individual insurance rates available on the Obamacare “exchange.” Specifically, the law’s cheerleaders are boasting that rates here will be “less than the national average.” Note what the reports are not saying: The exchange rates appear to be much higher than rates for individual insurance policies available before the law goes into effect. According to preliminary analysis by Manhattan Institute scholar Avik Roy, the cost of the cheapest policy available to a 27-year-old Michigan man or woman will be...
  • Average Cost Of Obamacare 'Silver' Plan - $328 Per Month

    10/02/2013 7:02:45 AM PDT · by tobyhill · 125 replies
    forbes ^ | 9/29/2013 | Dan Munro
    That amount – $328 per month – is the national average for the mid-tier “silver” premium based on HHS calculations for approved plans in 48 states. The challenge, of course, is that like all of healthcare itself, your mileage will vary. Both individual and family insurance rates will vary dramatically based on a host of variables. Those variables – age, marital status, geographic location and income – will each have a significant impact on the final monthly amount. The most difficult single component in the equation is income – which determines the amount of Federal subsidy any given taxpayer will...
  • Obamacare Costs Still A Mystery Days Before Key Provision Takes Effect

    10/02/2013 8:53:12 AM PDT · by MichCapCon · 2 replies
    Capitol Confidential ^ | 9/30/2013 | Jack Spencer
    The scheduled date for enrollment to begin on Obamacare exchanges is just days away, but the only thing certain about how much the new health law is going to cost Michigan's small businesses is that no one can say for sure. Many of Michigan's small businesses are beginning to check with their insurance companies to get an idea of how much they'll be paying for health insurance next year. There has been talk of some small businesses facing rate increases of from 38 percent to 42 percent. However, a view of the overall situation is elusive. The law is to...
  • Health Premiums Up $3,065; Obama Vowed $2,500 Cut (Blast to the past. Obama Lied, Health Care Died!)

    10/01/2013 5:51:29 AM PDT · by tobyhill · 17 replies
    yahoo ^ | 9/24/2012 | ibd
    During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term. But it turns out that family premiums have increased by more than $3,000 since Obama's vow, according to the latest annual Kaiser Family Foundation employee health benefits survey. Premiums for employer-provided family coverage rose $3,065 — 24% — from 2008 to 2012, the Kaiser survey found. Even if you start counting in 2009, premiums have climbed $2,370. What's more, premiums climbed faster in Obama's four years than they...
  • Mounting Evidence of Obamacare's Unintended Consequences

    09/28/2013 8:37:23 AM PDT · by lowbridge · 20 replies
    http://www.fool.com ^ | september 27, 2013 | David Williamson and Max Macaluso
    Trader Joe's, the popular privately held supermarket, previously applauded for offering coverage to their part-time employees, is reversing course and, instead of coverage, employees will receive a $500 check. Trader Joe's argues that the employees will likely be able to find a similar plan at a similar cost on the Affordable Care Act's freshly minted state-based insurance exchanges. Of course, the cost is similar if you add in the government subsidies that those low-income employees are likely eligible to receive. As Trader Joe's was followed by Home Depot, this could be the start of a potentially unintended consequence of Obamacare:...
  • Study: Insurance costs to soar under Obamacare

    09/29/2013 1:39:38 AM PDT · by Innovative · 58 replies
    CBS News ^ | Sept 26, 2013 | Kathy Kristof
    New research from the Manhattan Institute estimates that insurance rates for young men will rise by 99 percent. Rates for younger women will rise between 55 percent to 62 percent, according to the right-leaning New York think tank. The precise impact of the new health law is likely to vary markedly from state-to-state, however. These differences mean men will get hammered in North Carolina with an average 305 percent rate hike, while women will suffer in Nebraska, paying an average of 237 percent more. For most people, subsidies in the law will not counteract the rate shock, says co-author of...
  • ObamaCare Rules Reward People Who Fudge Income

    09/28/2013 8:45:54 AM PDT · by Libloather · 16 replies
    Investors ^ | 9/27/13 | Jed Graham
    For some individuals and families signing up for ObamaCare, a little fudging can make a big difference in their bank accounts. In California, for example, a childless married couple stating income of $30,000 would face a $1,000 deductible, $15 per primary care visit and a maximum out-of-pocket cost (after premiums) of $4,500. But for a couple attesting to $32,000 in income, the deductible would be $3,000, primary care visit $40 and out-of-pocket maximum a hefty $10,400. Though they are separated by just $2,000 in income, the government might provide the lower-earning family as much as $5,900 more in cost-sharing subsidies...
  • Race to the Bottom in the ObamaCare Exchanges

    09/28/2013 7:33:47 AM PDT · by Kaslin · 33 replies
    Townhall.com ^ | September 28, 2013 | John C. Goodman
    The ObamaCare health insurance exchanges are supposed to open for business next Tuesday. Despite huge subsidies and despite daily publicity, these exchanges are expected to enroll only 11 million of 48 million uninsured Americans over the next year. Those who do enroll may not be happy with their experience. We now know quite a lot about how these exchanges are going to function and the picture doesn't look good.Attracting the healthy, avoiding the sick. In most states today insurers are allowed to charge individuals premiums that reflect their expected health care costs. This practice is no different than it is...
  • Obamacare’s Terrible Impact on Hispanics

    09/25/2013 8:47:33 PM PDT · by Olog-hai · 7 replies
    Cybercast News Service ^ | September 25, 2013 - 10:32 AM | Israel Ortega
    Here’s something you won’t hear from the Hispanic media, the mainstream media, or the White House: Among the many terrible side effects of Obamacare is its adverse effects on Hispanics. This stems from the fact that the Hispanic population is one of the youngest, in addition to Obamacare’s impact on the wholesale and retail industry, which employs many Hispanic Americans. Wholesale and retail will be hit especially hard by Obamacare, because, as one consultant noted, “employers not currently offering coverage to all employees working at least 30 hours a week may be more inclined to change their workforce strategy so...
  • Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women

    09/25/2013 3:11:45 PM PDT · by tobyhill · 11 replies
    forbes ^ | 9/25/2013 | Avik Roy
    For months now, we’ve been waiting to hear how much Obamacare will drive up the cost of health insurance for people who purchase coverage on their own. Last night, the U.S. Department of Health and Human Services finally began to provide some data on how Americans will fare on Obamacare’s federally-sponsored insurance exchanges. HHS’ press release is full of happy talk about how premiums will be “lower than originally expected.” But the reality is starkly different. Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97...
  • More of HHS’s ObamaCare rates are out, and good news: They’re “lower than expected”!

    09/25/2013 1:07:07 PM PDT · by SeekAndFind · 9 replies
    Hotair ^ | 09/25/2013 | Erika Johnsen
    I always have to wonder: Lower than who expected, exactly? I suppose the “who” is meant to be a practically irrelevant 2012 CBO estimate in this case, and sure, such optimistic and friendly-sounding spin is a good way to mask the inconvenient reality that premiums will still be going up for a hell of a lot of Americans — but the fact that that’s the best headliner they could come up with leaves much to be desired.While the Obama administration has been touting the oh-so-excellent numbers from blue states enthusiastically implementing ObamaCare of their own volition — including those whose...
  • ObamaCare Costs Will Explode; Trader Joe's Shows Why

    09/13/2013 5:41:11 AM PDT · by IBD editorial writer · 70 replies
    Investor's Business Daily ^ | 09/12/2013 | John Merline
    When Trader Joe's announced it was dropping health benefits for part-time workers, it reassured them that they'd be no worse off as a result. "We believe that with the $500 from Trader Joe's and the tax credits available under the (Affordable Care Act), many of you should be able to obtain health care coverage at very little if any net cost to you," noted CEO Dan Bane in a memo to employees revealed this week. In other words, Trader Joe's — like some other companies — has decided to shift its health care costs onto federal taxpayers via the subsidized...
  • CBO: Feds siphoning billions from student loan program to fund Obamacare

    07/02/2013 6:47:46 AM PDT · by markomalley · 28 replies
    Callous Reform ^ | 6-28-2013 | Josiah Ryan
    The Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO). If savings were kept inside the loan program, instead of transferred to Obamacare, as some Republican senators are suggesting, they could allow the Department of Education to lower student interest rates to 5.3 percent from 6.3 percent, according to the CBO. The nearly $9 billion being used to fund Obamacare is derived from $61 billion the government says it will save by administering student...
  • The Insiders: Democrats are trying to suppress the confusion and hide the cost of ObamaCare

    07/02/2013 5:55:09 AM PDT · by Sir Napsalot · 13 replies
    WaPo ^ | 7-1-2013 | Ed Rogers
    I don’t know if Members of Congress will be hearing about it in town hall gatherings and other meetings back home over the Fourth of July recess, but the rolling thunder of the approaching ObamaCare train can be heard in the distance. Smart Democrats are beginning to get frantic about the need to suppress the confusion and hide the cost of ObamaCare between now and the 2014 midterm elections. We are just three months away from the October 1st enrollment start date and so far, nothing about the ObamaCare implementation process should be politically encouraging for Democrats. In fact, the...
  • Pelosi: ‘You’re Mandated to Have Health Insurance, Yes, You Will Have An Increase’

    06/06/2013 1:44:23 PM PDT · by Olog-hai · 87 replies
    Cybercast News Service ^ | June 6, 2013 4:10 PM | Elizabeth Harrington
    House Minority Leader Nancy Pelosi (D-Calif.) said on Thursday that health insurance premiums will go up under Obamacare because people who did not buy insurance before, and thus had no premium at all, will now be forced to buy insurance.She also urged people to be “optimistic” about Obamacare. “You just see,” Pelosi said. “I mean be optimistic about it. It is a very, very exciting enterprise.” … “It’s also about what you get for the money,” Pelosi added. “In other words, people will be getting no lifetime or annual limits on their coverage, no discrimination because of a preexisting medical...
  • Pelosi: 'You're Mandated to Have Health Insurance, Yes, You Will Have An Increase'

    06/06/2013 3:03:06 PM PDT · by Nachum · 19 replies
    Cybercast News Service ^ | 6/6/13 | Elizabeth Harrington
    House Minority Leader Nancy Pelosi (D-Calif.) said on Thursday that health insurance premiums will go up under Obamacare because people who did not buy insurance before, and thus had no premium at all, will now be forced to buy insurance. She also urged people to be “optimistic” about Obamacare. “You just see,” Pelosi said. “I mean be optimistic about it. It is a very, very exciting enterprise.” Pelosi told reporters during a Capitol Hill press conference on Thursday that she never promised that every single American
  • What a Disaster… Obamacare Will Cost a Family $20,000 per Year

    06/03/2013 9:41:07 AM PDT · by 2ndDivisionVet · 75 replies
    Gateway Pundit ^ | June 3, 2013 | Jim Hoft
    The cheapest Obamacare health insurance plan will cost a family $20,000 per year. Americans will be forced to purchase the plan or face the Obama IRS. CNS News reported: In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS’s assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives...
  • Blue Cross Blue Shield: Premiums will cost everyone more in 2014

    05/04/2013 2:53:49 PM PDT · by don-o · 23 replies
    Kingsport (TN) Times News ^ | May 4, 2013 | Hank Hayes
    Blue Cross/Blue Shield of Tennessee (BCBST) is warning that its customers will face sticker shock with premiums next year because of the Affordable Care Act (ACA), also known as “Obamacare.” Many of the 2010 law’s key provisions kick in next year, including the requirement for all Americans to have health insurance. BCBST, the state’s largest insurance provider covering more than 3 million Tennesseans, is projecting that individual policy holders will see average premium increases around 30 percent, while small group customers will pay about 10 percent more. Large employers will see a 3 to 5 percent spike, BCBST officials said.
  • Reid: More funding needed to prevent ObamaCare from becoming 'train wreck'

    05/01/2013 5:16:35 PM PDT · by Sub-Driver · 63 replies
    Reid: More funding needed to prevent ObamaCare from becoming 'train wreck' By Alexander Bolton - 05/01/13 05:45 PM ET Senate Majority Leader Harry Reid (D-Nev.) says he shares colleagues’ concerns that the Affordable Care Act could become a “train wreck” if it’s not implemented properly. Reid warned that people will not be able to choose health insurance plans on government health exchanges if federal authorities lack the resources to set them up and educate the public. “Max said unless we implement this properly it’s going to be a train wreck and I agree with him,” Reid said, echoing a warning...
  • Breaking! New Immigration Bill Gives 'MarcoPhone' to Immigrant Guest Workers

    04/17/2013 8:41:48 AM PDT · by Bigtigermike · 51 replies
    Brietbart ^ | Wednesday April 17, 2013
    According to the newly filed bill, immigrants who are allowed to enter the United States under a work visa, will be ‘granted’ a cellular phone. Move over “Obama phone,” we present the new ‘Hola, Como Estas?!’ MarcoPhone. Here is the actual mention of the free phones in the bill- SEC. 1107. ACCESS TO EMERGENCY PERSONNEL. (a) SOUTHWEST BORDER REGION EMERGENCY COM-MUNICATIONS GRANTS.— The Secretary, in consultation with the governors of the States in the Southwest Border region, shall establish a 2-year grant program, to be administered by the Secretary, to improve emergency communications in the Southwest ELIGIBILITY FOR GRANTS.—An individual...
  • Obama’s Damaging Admission: An item totaling 0.01% of the budget proves that Obamacare won’t work.

    04/17/2013 6:53:49 AM PDT · by SeekAndFind · 6 replies
    National Review ^ | 04/17/2013 | By Michael F. Cannon
    Buried deep within President Obama’s $3.77 trillion budget is a tiny little proposal to increase Medicaid spending by $360 million. In a budget as large as this one, $360 million is scarcely worth mentioning. It amounts to less than one-hundredth of one percent of total outlays. But this 0.01 percent is worth mentioning, because it proves the president’s health-care law will not work.While many uninsured patients pay their medical bills, the Medicaid program offers “disproportionate share hospital” payments to hospitals that treat lots of patients who don’t. The president’s Patient Protection and Affordable Care Act cuts Medicaid’s DSH payments,...
  • Docs May See Pay Delay Under ACA Exchanges

    04/16/2013 2:54:08 PM PDT · by Nachum · 19 replies
    Med Page Today ^ | 4/13/13 | David Pittman, Washington Correspondent, MedPage Today
    SAN FRANCISCO -- Physicians could face dramatic financial challenges for treating patients who receive health coverage through the Affordable Care Act's (ACA) exchanges starting next year. Insurance companies will not process claims on patients who haven't paid their premiums in 3 months, leaving doctors on the hook to recoup payment directly from the patients. The ACA provides a 3-month grace period to individuals who haven't paid their premiums, and the provision could prove problematic for physicians, said Elizabeth McNeil, vice president of federal government relations at the California Medical Association (CMA) in Sacramento. Plans will hold off on processing claims...
  • Obama's new budget calls for $30 million more in abortion funding

    04/12/2013 8:59:26 AM PDT · by Morgana · 8 replies
    life site ^ | Elise Hilton
    Opinion Print Article | Email Friend | Reprint Permissions Obama's new budget calls for $30 million more in abortion funding by Elise Hilton Fri Apr 12, 2013 09:40 EST Comments () Tags: abortion funding, barack obama WASHINGTON, D.C., April 12, 2013 (Acton Institute) - Obama’s new budget is in. The usual political wrangling is taking place, but there are some undeniable facts about the budget. Taxes are going up (is anyone surprised?), but some of those taxes are “sneaky” ones on senior citizens designed to fund things other than their health. In all, the president’s budget will raise taxes by...
  • OVERNIGHT HEALTH: Cost of exchanges doubles (HHS begging congress for more money)

    04/11/2013 1:56:06 PM PDT · by tobyhill · 20 replies
    the hill ^ | 4/10/2013 | By Sam Baker and Elise Viebeck
    Setting up insurance exchanges — the centerpiece of President Obama's healthcare reform law — is costing the Health and Human Services Department a whole lot more than it originally expected. According to budget documents released Wednesday, the department expects to spend $4.4 billion on exchange grants to the states by the end of this year — double its estimates a year ago. The HHS is also asking Congress for another $1.5 billion to set up a federal exchange in 26 states. The department has cobbled together money from other programs to get started, but officials said they need another $800...
  • Obamacare: "Driving Up Unemployment and Insurance Costs Since 2010™"

    03/29/2013 11:27:40 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | March 29, 2013 | John Ransom
    Jobless claims stopped their record-breaking, fearsome, FOUR-WEEK job-creation rampage today as the BLS reported that initial claim rose- again- by more than economists expected. “First-time jobless claims rose by 16,000 to 357,000 in the week ended March 23,” reports Reuters, “the highest level in more than a month, Labor Department data showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg called for an increase to 340,000. The four-week average climbed from the lowest level in five years.” Economists, says Reuters, were expecting claims to come in between 330,000 at the low end and 355,000 at the...