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Keyword: obamacarepremiums

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  • Obama: Regulators will never approve those massive health premium increases; Regulators: APPROVED

    08/28/2015 7:26:41 AM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 08/28/15 | Dan Calabrese
    Mandates have consequences, bro The argument has been ever-present, where ObamaCare is concerned, that mandating generous benefits while forbidding insurers from considering factors like pre-existing conditions, could only result in one thing: Sky-high, jacked up premiums for everyone. It’s simple economics. You can’t artificially heighten demand by forcing everyone to buy, while also mandating a gold standard in coverage, and not see prices soar. But Barack Obama thinks the regulatory state can do what the stone-cold laws of the market cannot. So when insurers earlier this year began submitting their rate increase requests to state regulators - and the numbers...
  • Yes, Those Shocking ObamaCare Rate Hikes Are For Real

    08/28/2015 4:16:05 AM PDT · by IBD editorial writer · 33 replies
    Investor's Business Daily ^ | 08/27/2015 | Staff
    When insurers requested huge rate hikes for their 2016 ObamaCare plans, we were told not to worry because state regulators would force them down. But that's not happening. Death spiral, anyone?
  • How Obamacare Adds $100 A Month To Your Spouse's Coverage

    08/16/2015 12:25:25 PM PDT · by Brad from Tennessee · 9 replies
    Forbes ^ | August 16, 2015 | By Bruce Japsen
    To avoid the Affordable Care Act’s so-called “Cadillac tax” on rich benefit plans, companies are adding surcharges of $100 a month or more to wives and husbands of workers, hoping spouses will seek coverage elsewhere, new employer data shows. The Cadillac tax was created as part of the Affordable Care Act largely as a way to help subsidize benefits to the uninsured under the law. Starting in 2018, employers pay a 40 percent tax on costs of health plans that are above $10,200 per individual and $27,500 for family coverage. The idea behind the so-called “spousal surcharge” employers are implementing...
  • North Carolina Blue Cross Raises Obamacare Plan Premiums (35%!)

    08/08/2015 2:01:53 PM PDT · by xzins · 14 replies
    CBN ^ | August 07, 2015 | CBN
    North Carolina's largest health insurer says high costs are forcing it to seek higher premium increases than expected. Two months ago, Blue Cross and Blue Shield of North Carolina said it wanted to raise rates by an average of almost 26 percent in January 2016. But now it's seeking an average 35 percent higher premium for insurance sold under Obamacare. North Carolina is not the only state facing steep raises. A study by the Kaiser Family Foundation says dozens of health insurers across the country are increasing premiums well beyond 10 percent for next year.
  • 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
  • As health insurers merge, consumers' premiums are likely to rise

    07/10/2015 8:37:36 AM PDT · by Oldeconomybuyer · 25 replies
    Los Angeles Times ^ | July 10, 2015 | by David Lazarus
    As leading health insurers scramble for market share through a series of multibillion-dollar mergers, consumers are no doubt wondering if their premiums are bound to skyrocket. Short answer: Probably. Ironically, Obamacare had anticipated the negative effects of runaway capitalism with a safeguard that critics branded as socialism — the so-called public option, a government-run insurance plan offered alongside private plans. Thanks to business and ideological interests triumphing over economic considerations, a public option fell by the wayside. Some experts say that, with fewer private insurers and rising rates, we're going to regret not having a public option as part of...
  • 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...
  • Oregon dumps cold water on low Obamacare rates

    06/22/2015 4:15:14 PM PDT · by Oldeconomybuyer · 15 replies
    CNBC ^ | June 22, 2015 | by Dan Mangan
    They wanted their Obamacare prices to be low—but the state said "no." The state of Oregon reportedly has ordered a number of insurers to raise proposed Obamacare premiums for 2016 after some of those companies asked for rates that were only moderately higher, if not lower than this year. Now, many Obamacare customers there are looking at likely double-digit percentage rate increases after having experienced some of "the lowest premiums in the nation," the Oregonian noted. For example, Oregon's Health CO-OP asked for a 5.3-percent average rate increase for next year, but the state's preliminary decision calls for a 19.9...
  • Alabama’s ObamaCare health insurance exchange prices set to skyrocket

    06/02/2015 4:25:28 PM PDT · by Oldeconomybuyer · 12 replies
    Yellowhammer News ^ | June 2, 2015 | BY ELIZABETH BESHEARS
    BIRMINGHAM, Ala. — Alabama health insurance providers who offer plans on the ObamaCare exchange are seeking significant price increases this year, after healthcare costs took a sharp upward turn. Blue Cross Blue Shield of Alabama is reportedly requesting an average of a 28 percent increase for its individual plans, as well as a 73 percent increase for its platinum plan. Small group plans could also increase by nearly 14 percent. UnitedHealthcare is seeking a 24.5 percent increase for its 2016 rates.
  • Obamacare sticker shock: Big rate hikes proposed for 2016

    06/02/2015 4:18:37 PM PDT · by Oldeconomybuyer · 17 replies
    CNN ^ | June 2, 2015 | By Tami Luhby
    Hold onto your wallets ... many insurers want to substantially hike rates on Obamacare policies for 2016. Many are proposing double-digit premium increases for individual policies, with some companies looking to boost rates more than 60%, according to a list posted Monday by the federal Centers for Medicare & Medicaid Services. Insurers say they want to hike rates because enrollees are going to the doctor, getting lab work and filling prescriptions more than they had originally anticipated. "We've seen a great pent-up demand for services," said Aaron Billger, spokesman for Highmark, a Blue Cross Blue Shield licensee offering plans in...
  • State Insurance Commissioner’s Statement on Request to Raise Premiums almost 50% (abbreviated)

    06/03/2015 4:02:49 PM PDT · by kaehurowing · 14 replies
    State of Hawaii Government Website ^ | June 2, 2015 | Hawaii Department of Commerce and Consumer Affairs
    HONOLULU – State Insurance Commissioner Gordon Ito today issued the following statement regarding HMSA’s request filed with the Insurance Division to raise premiums for individual Affordable Care Act (ACA) health plans for 2016: “This is the highest premium increase ever requested by HMSA. The requested increase for an average of 49.1 percent for the ACA individual plan will be closely scrutinized. “The Insurance Division will actively seek reductions to the proposed request, where possible, to ensure fairness to all parties involved. “If medical expenditures paid out for healthcare services under the ACA individual plan are too high, the division’s ability...
  • Feel the Pain: Insurers Seek Hefty Rate Hikes Ahead of Obamacare’s Third Year

    06/03/2015 3:55:14 PM PDT · by lbryce · 8 replies
    Washington Times ^ | June 3, 2015 | Staff
    Insurers are planning double-digit rate hikes ahead of Obamacare’s third year, eliciting a told-you-so outcry from the law’s opponents who said the health law is to blame for boosting the price of care and forcing those costs onto consumers. A major insurer in New Mexico is seeking a 50-percent rate increase for 2016, one in Tennessee wants to raise its premiums for a mid-level silver plan by 36 percent, and proposed hikes in Illinois range from about 13 percent to well above 30 percent in some cases, according to data published this week. The figures, posted on the federal HealthCare.gov...
  • ObamaCare rate hikes range from 30-to-50 percent in 2016

    06/02/2015 10:37:04 AM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 06/02/15 | Dan Calabrese
    Affordable! ObamaCare rate hikes range from 30-to-50 percent in 2016If you don’t recognize there’s something inherently cockeyed about the federal government passing a law that presumes to make a product or service “affordable,” then you don’t understand how market forces work. I’ll oversimplify it for the purpose of brevity: Providers have to price a product or service in a way that reflects the cost of providing it, as well as the level of demand for it, because if they don’t they will soon find themselves incapable of meeting the demand. The premium rates announced when ObamaCare went into effect were...
  • 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...
  • [NM] Blue Cross seeking 51 percent premium hike (Obamacare cost fallout)

    05/28/2015 9:23:09 AM PDT · by CedarDave · 20 replies
    The Albuquerque Journal ^ | May 28, 2015 | Jessica Dyer
    Citing higher-than-expected costs, Blue Cross and Blue Shield of New Mexico wants to raise premiums by an average of 51.6 percent on individual Affordable Care Act plans in 2016. The company made the request in a preliminary rate proposal filed with New Mexico Insurance Superintendent John Franchini. Blue Cross and Blue Shield – which insures an estimated 600,000 people statewide – said the proposal affects an estimated 35,000 customers who signed up for qualified individual health plans through the New Mexico Health Insurance Exchange, but also those who bought the same plans off the exchange. Franchini has the final authority...
  • As ObamaCare Premiums Spiral, Dems Push Costly New Mandates

    05/28/2015 6:16:25 AM PDT · by IBD editorial writer · 12 replies
    Investor's Business Daily ^ | 05/27/2015 | Staff
    Health Reform: Looks like ObamaCare premiums will skyrocket for many next year. So what do Democrats propose? New insurance mandates that will drive premiums up even higher. Which one is the stupid party again?
  • No biggie: Your Obamacare premiums are going up. Way up in some cases.

    05/24/2015 6:24:57 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 05/23/2015 | Jazz Shaw
    The “Affordable” Care Act may be looking for a new name in the near future. As Fox News and the Wall Street Journal are reporting, the next round of health care premium cost adjustments are coming down the pike, and you’ll never guess where things are heading. Okay… you probably guessed already. The Wall Street Journal is reporting today that Obamacare rates are about to shoot up, in some cases as much as 40%. The rate increases requested by insurance carriers vary state by state, but the overall picture is bad.“In New Mexico, market leader Health Care Service Corp....
  • ObamaCare Premiums Jumped 23% This Year -- After Subsidies

    03/18/2015 4:12:52 AM PDT · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 03/17/2015 | John Merline
    President Obama has talked a lot in recent months about how health care inflation has moderated in recent years, and he always manages to credit ObamaCare for the result. But there is rampant inflation in one part of the health care system, and ironically enough it involves ObamaCare premiums.
  • Middle-class taxpayers on Obamacare learn that it’s payback time (Pelosi knew)

    02/28/2015 4:18:28 AM PST · by Libloather · 61 replies
    Hays Post ^ | 2/28/15 | Anna Gorman
    Roberta and Curtis Campbell typically look forward to tax time. Most years, they receive a refund – a little extra cash to pay off credit card bills. But this year the California couple got a shock: According to their tax preparer, they owe the IRS more than $6,000. That’s the money the Campbells received from the federal government last year to make their Obamacare health coverage more affordable. Roberta, unemployed when she signed up for the plan, got a job halfway through the year and Curtis found full-time work. The couple’s total yearly income became too high to qualify for...
  • Obamacare Insurance is 'Unaffordable' for 105 Million Americans (Against the law?)

    02/10/2015 2:10:41 PM PST · by Libloather · 25 replies
    Weekly Standard ^ | 2/10/15 | MARK HEMINGWAY
    **SNIP** Given that the authors of Obamacare had a very specific idea in mind for what constitutes affordable insurance, the American Health Policy Institute is out with a new study that asks a very interesting question: Does Obamacare meet its own standards for affordability? The answer is no. Here are a couple of the key findings from AHPI's study: Even now, under the Affordable Care Act’s own definition, over 105 million Americans will find plans in the ACA’s [Affordable Care Act's] public exchanges to be “unaffordable” when both premiums and deductibles are taken into account. Over 13 million employees with...
  • Uninsured Balk at Obamacare Bite

    02/02/2015 4:32:31 AM PST · by rootin tootin · 19 replies
    American Spectator ^ | 2/2/2015 | David Catron
    When it became obvious a couple of years ago that Obamacare would accelerate health care inflation, the law’s boosters began claiming that cost control was never its primary goal. PPACA’s promoters had previously promised that it would reduce annual health care expenses by $2,500 per family while improving access and quality of care. But the facts forced them to abandon that pledge and adopt a safer party line. As expressed by the New York Times, the new story goes thus: “At its most basic level, the Affordable Care Act was intended to reduce the number of Americans without health insurance.”...
  • Workers paying more for health insurance, but getting fewer benefits

    01/07/2015 10:34:40 PM PST · by grundle · 14 replies
    Chiago Tribune ^ | Janaury 7, 2015 | Noam N. Levey
    Although the Affordable Care Act has not led to soaring insurance costs, as many critics claimed it would, the law hasn't provided much relief to American workers either, according to a new study of employer-provided health benefits. Workers continue to be squeezed by rising insurance costs, eroding benefits and stagnant wages, the report from the nonproNationwide, the average contribution an employee made to an insurance premium in 2013 and the average deductible together represented 9.6% of the median income of American households with members under age 65. That is up from 8.4% in 2010 and nearly double the 5.3% that...
  • “Dad, I have cancer”

    01/06/2015 11:57:05 AM PST · by Starman417 · 4 replies
    Flopping Aces ^ | 01-06-15 | DrJohn
    Obamacare is going to kill you. Or one of your kids. Or one of your parents. Someone in your family is going to die from Obamacare. You can bet on it. You can bet your life on it. There are many things in medicine that are in a state of flux because of Obamacare. Obamacare is the name given to the most inappropriately termed "Affordable Care Act." There is nothing about Obamacare that makes care affordable. Obamacare has made care much more unaffordable. What it has done is make healthcare appear to be affordable because of subsidized premiums. The problem...
  • Dilemma over deductibles: Costs crippling middle class [Obamacare hurts middle class] [link only]

    01/05/2015 6:36:09 AM PST · by grundle · 20 replies
    USA Today [link only] | Janaury 1, 2015 | Laura Ungar and Jayne O'Donnell
    link only: http://www.usatoday.com/longform/news/nation/2015/01/01/middle-class-workers-struggle-to-pay-for-care-despite-insurance/19841235/
  • 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:...
  • Obamacare sticker shock fears: Government pleads with Americans to shop around

    12/04/2014 7:41:07 PM PST · by PROCON · 66 replies
    washingtontimes ^ | Dec. 4, 2014 | Tom Howell Jr.
    The administration is trying to preempt Obamacare sticker shock in 2015 by pleading with Americans to shop around in the marketplaces instead of automatically re-enrolling in the health plans they chose last year. Officials said Thursday those who don’t look around and compare plans during open enrollment could see their costs rise because the so-called benchmark plans are more expensive this year.But the Health and Human Services Department said there are more insurers offering more plans this year, meaning that in most states consumers can choose from three or more issuers. And HHS said those options mean most consumers who...
  • Latest Obamacare ‘Tweak’ a Doozy

    11/22/2014 4:49:43 PM PST · by PROCON · 34 replies
    pjmedia ^ | Nov. 22, 2014 | Rick Moran
    Americans are inveterate tinkerers — a trait commented on by observers from de Tocqueville to Winston Churchill. That’s why it’s not surprising that the bureaucrats at the Centers for Medicare and Medicaid Services would want to keep tweaking Obamacare. Mind you, it’s not so much because they think they can perfect the law. Rather, they keep tweaking the law in order to keep the American people from brandishing pitchforks and coming to Washington to tar and feather them and ride them out of town on a rail. Self-preservation can be a marvelous motivating factor. The geniuses who brought us the...
  • Keeping your health law plan may mean premium hike (America, you got screwed by the Libs)

    11/14/2014 2:13:28 PM PST · by tobyhill · 44 replies
    Yahoo ^ | 11/14/2014 | ap
    Many of the 7 million consumers who got insurance under President Barack Obama's health care law will see their premiums rise next year unless they switch to another plan, independent analysts said as the government released details Friday. The Health and Human Services department released a massive computer file of 2015 premiums one day ahead of the start of open enrollment. Those numbers will take time to fully analyze. ,,,,, But there is a catch if you are already a customer: Your plan may no longer be the lost-cost benchmark in your community. In that case, you'll pay more unless...
  • Cost of Coverage Under Affordable Care Act to Increase in 2015 (More lies)

    11/15/2014 8:00:54 AM PST · by Beave Meister · 9 replies
    The New York Times ^ | 11/14/2014 | ROBERT PEAR, REED ABELSON and AGUSTIN ARMENDARIZ
    WASHINGTON — The Obama administration on Friday unveiled data showing that many Americans with health insurance bought under the Affordable Care Act could face substantial price increases next year — in some cases as much as 20 percent — unless they switch plans. The data became available just hours before the health insurance marketplace was to open to buyers seeking insurance for 2015. An analysis of the data by The New York Times suggests that although consumers will often be able to find new health plans with prices comparable to those they now pay, the situation varies greatly from state...
  • In Third Video, Obamacare Architect Talks About ‘Basic Exploitation’ Of American Voters [VIDEO]

    11/12/2014 7:48:09 AM PST · by C19fan · 69 replies
    Daily Caller ^ | November 12, 2014 | Chuck Ross
    A third video has surfaced of Obamacare architect Jonathan Gruber bragging about pulling the wool over the eyes of the American public in order to help implement Obamacare. “It’s a very clever, you know, basic exploitation of the lack of economic understanding of the American voter,” Gruber, an economist at the Massachusetts Institute of Technology, said during a speech at the University of Rhode Island in November 2012. He was discussing what is known as the Cadillac tax and how it came into being.
  • Who is JONATHAN GRUBER...? (a.k.a. "Obamacare's Architect")

    11/11/2014 7:08:22 PM PST · by LibFreeUSA · 48 replies
    FORBES ^ | 11-10-14 | Avik Roy
    ... feast your eyes on all this about 'Who is Jonathan Gruber'!
  • UNPRECEDENTED: Obama Forces Insurance Industry to Withhold 2015 Prices Until After Election

    11/03/2014 8:44:30 PM PST · by Nachum · 58 replies
    The Gateway Pundit ^ | 11/3/14 | Jim Hoft
    For the first time in modern history, the Obama administration has forced insurance companies to withhold 2015 prices until after the election. So he can shield Democrats. In the past, new prices were announced 60 days before the first day of the year. Not this year. Warner Todd Huston reported: Barack Obama is again playing political games with our health insurance industry and has turned in another underhanded move against it by forcing insurance carriers, brokers and agents to withhold their 2015 prices until after the 2014 midterm elections are over all so that the news of higher prices won’t...
  • Covered California Website Outage Hides Huge Premium Increases

    10/31/2014 5:49:11 AM PDT · by PROCON · 29 replies
    breitbart ^ | Oct. 30, 2014 | Chriss W. Street
    As someone who was forced into Covered California (CC) last year when Aetna, my long-time and excellent healthcare insurer, exited California’s individual market, I am painfully aware of the technical incompetence of the CC website. This year, the CC website has been down for the last two weeks, even though CC renewals are due by November 15th. As someone who had their monthly healthcare premium jacked-up by 71% from $780 a month in 2013 with Aetna to $1,336 with Covered California in 2014, it seems convenient the website outage is hiding the huge premium increases many new Covered Californians are...
  • Obamacare, Year One: 78 Percent Premium Hikes

    10/29/2014 3:28:20 PM PDT · by lowbridge · 10 replies
    dailycaller.com ^ | october 29, 2014 | sarah hurtubise
    In its first year, Obamacare hiked health insurance premiums by up to 78 percent, according to a new analysis comparing insurance costs before and after Obamacare. HealthPocket, a nonpartisan health insurance research company, analyzed government data on individual health insurance premiums in the 2013 market before Obamacare reforms and 2014′s Obamacare exchanges, and the results are in: Average premiums are higher for all ages– far above the norm for annual increases. Young customers have been hurt the worst by Obamacare– a big potential problem for the Obama administration, which failed to attract enough young and healthy customers during the first...
  • Politico Poll: Seven Percent Believe Obamacare Will Lower Healthcare Costs

    10/21/2014 7:56:59 AM PDT · by Oldeconomybuyer · 17 replies
    Townhall ^ | October 21, 2014 | by Guy Benson
    Time to inject another set of data points into the "Obamacare is working well in the real world" debate. The president and his loyalists insist that their signature law is working as intended. The general public -- yet again -- disagrees, according to a new poll from Politico. A plurality believes the quality of their care will deteriorate under Obamacare (perhaps due to access shock, doctor shortages, and government rationing decisions), while less than one-in-five expect improved care. On costs, a pitiful seven percent believe the 'Affordable' Care Act will reduce the amount of money they'll personally pay will decrease...
  • Small Businesses Get Sobering Dose Of Reality as Health Insurers Reveal Their Rates For 2015

    10/19/2014 9:30:33 PM PDT · by lowbridge · 11 replies
    ijreview.com ^ | october 19, 2014 | michael hausam
    Although the Obama administration has yet to release the federal health care premiums for 2015, some private insurers have. One of them in Minnesota has indicated that they will be showing increases of up to 60% for their ACA-compliant policies. Preferred One, the largest and lowest-cost provider of health insurance in the state, pulled out of the state’s MNsure exchange last month due to its being “unsustainable.” Alycia Riedl, with the Minnesota Association of Health Underwriters, commented on the news:
  • A Very Bad Year for Obamacare…and a Worse Year for the Victims of Obamacare (long article)

    10/08/2014 5:32:00 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | October 8, 2014 | Daniel J. Mitchell
    In the last few months of 2013, Obamacare suffered a series of embarrassing setbacks dealing with everything from a clunky website to plan cancellations tothe White House feeling compelled to arbitrarily ignore the law.Since that time, though, people seem to have adapted to this new burden.But adaptation doesn’t mean approval. There are still serious problems with Obamacare, as evidenced by the fact that the Obama Administration has postponed implementation of various provisions 38 times!However, the White House wants us to believe the law is a success, even if that requires statistical contortions.So let’s look at the record.My Cato colleague Mike Tanner argues...
  • Everyday Low Benefits Wal-Mart dumps 30,000 part-timers onto the ObamaCare

    10/08/2014 8:22:09 AM PDT · by KeyLargo · 28 replies
    Wallstreet Journal ^ | Oct 7, 2014
    Everyday Low Benefits Wal-Mart dumps 30,000 part-timers onto the ObamaCare exchanges. Oct. 7, 2014 7:25 p.m. ET Wal-Mart endorsed ObamaCare in 2009 and helped drag the bill through Congress, and so far it hasn’t recanted. By holding back economic growth and incomes, perhaps the law is expanding the retailer’s customer base. Another plus—at least for management—is that Wal-Mart can jettison its employees into the ObamaCare insurance exchanges. The Associated Press reported Tuesday that the largest U.S. private employer is dropping health benefits for some 30,000 workers, or about 5% of its part-time workforce. Earlier health-plan eligibility triage in 2011 had...
  • Next edition of HealthCare.gov is unveiled

    10/08/2014 9:22:41 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Oct 8, 2014 7:33 PM EDT | Ricardo Alonso-Zaldivar
    The Obama administration unveiled a new version of HealthCare.gov on Wednesday, with some improvements as well as at least one early mistake and a new challenge. Officials also said that HealthCare.gov won’t display premiums for 2015 until the second week of November. Open enrollment season runs Nov. 15 through Feb. 15. Coverage can start as early as Jan. 1. […] The goof is a mistranslation in large type on the home page of the Spanish-language version of the site. It’s the very first word on the page. Trying to translate “get ready,” someone came up with the wrong word in...
  • Obamacare Sends Iowa Health Insurance Premiums Skyrocketing

    10/10/2014 9:51:26 AM PDT · by PROCON · 14 replies
    BigGovernment ^ | Oct. 9, 2014 | Wynton Hall
    Thousands of Iowans are now facing double-digit health insurance premium hikes due to Obamacare. On Wednesday, the Des Moines Register reported that the state's insurance commissioner has approved Des Moines-based Wellmark to hike its rates between 11.9% and 14.5%. The premium spike will affect 19,000 Iowans. "That increase is for individual policyholders who have Affordable Care Act-compliant plans," reports the Register. CoOportunity, one of the main companies offering health insurance on the Obamacare exchange, will increase its rates 19%.
  • Obamacare Poised to Cause Insurance Cancellations, Networks Silent

    10/10/2014 1:05:20 PM PDT · by Kaslin · 17 replies
    NewsBusters.org ^ | October 10, 2014 | Joseph Rossell
    According to Fox News and several print media outlets tens of thousands to hundreds of thousands of people are about to be notified that their health insurance policies are being cancelled, thanks to Obamacare. That could mean bad news for liberals just weeks before 2014 midterm elections, except the broadcast networks have refused to report it. ABC, CBS and NBC news programs failed to mention the latest wave of policy cancellations as of Oct. 9. Plans that could not meet regulations mandated under the Affordable Care Act will no longer be granted a reprieve in thirteen states and the District...
  • Obamacare: Nothing Short of a Disaster

    10/09/2014 1:12:45 PM PDT · by right-wing agnostic · 27 replies
    The National Interest ^ | Robert E. Moffitt
    On November 15, open enrollment in the Obamacare exchanges begins again. Before the second act of our national healthcare drama commences, let’s review what we’ve learned in Act I. For starters, everyone now knows that federal officials are challenged when it comes to setting up a website. But they’ve demonstrated the ability to dole out a huge amount of taxpayers’ money for millions of people signing up for Medicaid, a welfare program. And they’ve proved they can send hundreds of millions of federal taxpayers’ dollars to their bureaucratic counterparts in states, like Maryland and Oregon, that can’t manage their own...
  • Wal-Mart's insurance move reveals Obamacare truth

    10/08/2014 11:47:06 PM PDT · by grundle · 22 replies
    BBC ^ | October 8, 2014 | Anthony Zurcher
    As the 800-pound gorilla of retailers, Wal-Mart made national headlines when it announced on Tuesday that it was cutting the health benefits for its 30,000 employees who work fewer than 30 hours a week. A company blog post put the move down to rising healthcare costs, but the 30-hour cut-off gives a clue as to the real cause - President Barack Obama's healthcare reform. Under the Affordable Care Act, large companies are required, starting this January, to provide subsidised healthcare for every employee who works 30-hours a week or more. As the Atlantic's David A Graham notes, many of the...
  • How Walmart is showing that Obamacare is working

    10/08/2014 3:22:21 PM PDT · by Oldeconomybuyer · 28 replies
    Washington Post ^ | October 8, 2014 | By Paul Waldman
    Walmart announced today that as of the beginning of next year it will be dropping health insurance for 30,000 employees who work less than 30 hours per week. So why is this a good thing? It may involve some hassle for individual employees, as they’ll have to go to the exchange to figure out what plan to get. But most of those Walmart workers will likely come out ahead. Someone who’s earning $9 an hour working 30 hours a week at a Walmart would be making $13,500 a year. Depending on what their spouse makes and what state they’re in,...
  • Even Walmart Can't Escape ObamaCare's Always High Prices

    10/08/2014 9:34:48 AM PDT · by IBD editorial writer · 3 replies
    Investor's Business Daily ^ | 10/7/2014 | IBD Staff
    Wal-Mart says it's cutting health benefits to part-timers and boosting worker premiums. If a retail empire built on low prices can't find a way around ObamaCare's added costs, we are all doomed.
  • Obama to Hide Obamacare Rates Till After Election Day

    10/09/2014 7:00:01 PM PDT · by george76 · 28 replies
    Townhall Magazine ^ | Oct 09, 2014 | Conn Carroll
    HealthCare.gov, the online portal where millions of Americans must by health insurance, will not display premiums for 2015 until after the 2014 elections ... Americans will not be able to find out if their health insurance premiums are going up "until the second week of November," which conveniently falls after Americans will go to the polls November 4th.
  • 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...
  • Even The Uninsured Are Growing Sour On ObamaCare

    09/11/2014 5:16:30 AM PDT · by IBD editorial writer · 25 replies
    Investor's Business Daily ^ | 09/10/2014 | IBD Staff
    ObamaCare defenders keep insisting that the law is a huge success while public approval continues to deteriorate, even among Democrats and especially among the uninsured. It's supposed to be the GOP's worst nightmare — President Obama's health care takeover turns out to be a success, proving once and for all that small-government conservatives are delusional. ObamaCare has, we're told, signed up more than expected while avoiding terminal rate shocks. In fact, a new report suggests premiums for "benchmark" Silver plans will actually be lower in many states next year....
  • Ouch, the Bill for ObamaCare Coming Due

    09/09/2014 9:26:40 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | September 9, 2014 | Peter Morici
    The bill is coming due for ObamaCare and it’s a whopper. According to Medicare Care’s own actuaries U.S. health care spending is about to rocket. Federal meddling in what was once the finest and cost-effective health care system on the planet is nothing new. Back in the 1960s, many Americans paid for doctor and hospital services out of pocket or through modestly priced private insurance. Health care spending was about 6 percent of GDP. Enter President Johnson and Medicare. He bought millions of votes by giving seniors free health care that they never paid for through payroll taxes during their...
  • State cuts 2015 'Obamacare' rate hikes by more than 50 percent (New York)

    09/04/2014 5:19:49 PM PDT · by Oldeconomybuyer · 23 replies
    Syracuse Post-Standard ^ | September 4, 2014 | By James T. Mulder
    Syracuse, N.Y. -- Rate increases requested by health insurers offering "Obamacare" coverage through the New York's health insurance exchange have been cut by more than 50 percent. The state Department of Financial Services said today insurers offering individual coverage on the exchange had asked for an average increase of 12.5 percent for 2015. The department reduced the average increase to 5.7 percent. The state's action was praised by a consumer group and criticized by the insurance industry. "This is great news for consumers and small employers alike," said Elisabeth Benjamin, a co-founder of Health Care for All New York, a...