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  • World View: Obamacare in Death Spiral as UnitedHealth Announces Pullout

    11/21/2015 11:13:13 AM PST · by Beave Meister · 10 replies
    Breitbart ^ | 11/20/2015 | John J. Xenakis
    UnitedHealth Group, the country’s largest health insurer, announced on Thursday that it was expecting to lose $600 million on Obamacare policies in 2016 from the health insurance exchange websites, and may terminate its Obamacare business by 2017. This was a sudden turnabout for the company. It was just a month ago that the company had said in an earnings call that they expected to expand their Obamacare coverage in 2017. According to Dave Wichmann, president and CFO, on October 15: The annual care ratio is being modestly affected by the performance of our new [Obamacare] public exchange benefit programs which...
  • Marco Rubio has killed ObamaCare

    11/20/2015 7:47:05 AM PST · by TangoLimaSierra · 26 replies ^ | 11/20/15 | Ed Lasky
    Marco Rubio conceived and pushed a plan that will all but kill ObamaCare -- and he did it years ago. Thank you. United Health Care, the nation’s largest HMO, delivered bad news to shareholders but good news for ObamaCare opponents yesterday. The company announced their earnings would take a big hit since ObamaCare and the associated marketplaces have not delivered the customers and the profits that starry-eyed fabulists had projected years ago. People are not signing up in droves as Barack Obama and all the Democrats and journalists who peddled ObamaCare promised. Expenses are sky-high because among those people who...
  • New ObamaCare angst as top insurer threatens to bail - payout to insurers is .13 on every $1.00

    11/20/2015 3:56:44 AM PST · by Cincinatus' Wife · 59 replies
    The Hill ^ | November 20, 2015 | Sarah Ferris
    A threat by the nation's largest health insurer to pull out of ObamaCare is a sign of the industry's growing angst about the viability of the federal exchanges, sources close to the industry say. UnitedHealthcare's warning sent new shockwaves across the healthcare sector after weeks of mounting anxiety among private insurers whose participation in the exchanges is critical to the viability of the president's signature law. In the last month alone, insurers have learned that the Obama administration has significantly lowered its expectations for new customers and will have far fewer federal dollars to help cushion insurer losses. "We've been...
  • UnitedHealth's Warning Shows How Medicaid Is Taking Over Obamacare

    11/19/2015 7:03:23 PM PST · by GilGil · 9 replies
    Forbes ^ | 11/19/2015 | Scott Gottlieb
    In short order, Obamacare is evolving into a Medicaid marketplace. Not only in terms of the design and quality of the narrow-network plans that are being offered, but in the actual carriers that sell those policies. Obamacare’s costly regulations mean that the mix of people who sign up are tending to be older and sicker. Many young and otherwise healthy individuals continue to be priced out of the exchanges, even after the benefit of federal subsidies are baked into their costs. Meanwhile, it’s the Medicaid managed care companies that are growing the number of plans they market on the exchanges....
  • Obamacare’s Bait and Switch Has Left Consumers Scrambling in 2016

    11/19/2015 7:45:20 PM PST · by Lorianne · 14 replies
    Yahoo News ^ | 19 November 2015 | Edward Morrissey
    The New York Times reported this weekend, even the words “affordable” and “care” have turned out to be untrue as well. The sharp rise in premiums has garnered the most headlines in the first three open-enrollment seasons of Obamacare, but equally if not more pernicious has been the increase in deductibles. As Eric Pianin explained for The Fiscal Times on Monday, deductibles have increased an average of 11 percent on Bronze level plans for 2016, intended to be the most affordable of all options, and now average over $5700. For Silver level, deductibles rose 6 percent and now average over...
  • United Healthcare Considers Quitting Obamacare, Cites Unsustainable Conditions

    11/19/2015 7:27:31 PM PST · by Lorianne · 13 replies
    HNGN ^ | 19 November 2015 | Taylor Tyler
    "We cannot sustain these losses," UnitedHealth CEO Stephen Hemsley said in an investor call Thursday morning. "We can't really subsidize a marketplace that doesn't appear at the moment to be sustaining itself." UnitedHealthcare, the U.S.'s largest health insurer, says that it is considering quitting Obamacare in 2017, just a month after the company said that it planned to expand its presence in the Affordable Care Act's online marketplace. The company said that it is lowering its earnings forecast for the year and expects to make $425 million less than previously estimated, according to Fortune. UnitedHealthcare is also scaling back marketing...
  • UnitedHealth suggests Obamacare is being gamed (Knock me over with a feather!)

    11/19/2015 1:01:07 PM PST · by AngelesCrestHighway · 16 replies
    Market Watch ^ | Nov. 19,2015 | Steve Goldstein
    In a profit warning that sent its stock down as much as 7% Thursday, UnitedHealth Group Inc. said that not enough people are signing up under the exchanges set up by Obamacare and that it was considering withdrawing from them. But there was another factor behind the lowered outlook from the nation’s biggest health insurer: people signing up after the open-enrollment period that have higher claims. Or, less charitably—people are gaming Obamacare. In UnitedHealth’s UNH, -5.44% words: “We have identified higher levels of individuals coming in and out of the exchange system to use medical services.” This isn’t supposed to...
  • Bombshell: United Healthcare may exit individual insurance exchanges after 2016

    11/19/2015 11:38:36 AM PST · by markomalley · 22 replies
    Hot Air ^ | 11-19-15 | Ed Morrissey
    If you like your insurance carrier, you can keep your insurance carrier. The nation's largest provider of health insurance announced this morning that it may choose to stop offering individual coverage after 2016, and will "pull back on its marketing efforts" immediately in this market. If the losses continue and United pulls out of next year's exchanges, it will set up a very bad moment for ObamaCare -- and for Democrats just weeks before the election: UnitedHealth Group (NYSE: UNH) today reported revised expectations for 2015, reflecting a continuing deterioration in individual exchange-compliant product performance, and provided an initial outlook...
  • John Tyler: The Obamacare cost explosion

    11/14/2015 8:38:09 PM PST · by Brad from Tennessee · 35 replies
    Twin Cities Pioneer Press ^ | November 14, 2015 | By John Tyler
    It is time to come to grips with the inevitable health insurance price increases being caused by the federal Affordable Care Act (ACA) known as "Obamacare." Obamacare's short-term sweeteners and phase-ins are behind us, and the fundamentally flawed structure of Obamacare and its true costs are exposed. The result: substantially increasing individual and small-group health insurance prices. Given the mandates required by the ACA law, these are not likely to recede any time soon. In Minnesota, small-group prices skyrocketed by up to 94 percent in 2014. Individual plans are up by an average 31 percent, and up to 60 percent...
  • Many say high deductibles make Obamacare all but useless

    11/14/2015 8:31:20 PM PST · by Brad from Tennessee · 103 replies
    New York Times via CNBC ^ | November 14, 2015 | By Robert Pear
    WASHINGTON — Obama administration officials, urging people to sign up for health insurance under the Affordable Care Act, have trumpeted the low premiums available on the law's new marketplaces. But for many consumers, the sticker shock is coming not on the front end, when they purchase the plans, but on the back end when they get sick: sky-high deductibles that are leaving some newly insured feeling nearly as vulnerable as they were before they had coverage. "The deductible, $3,000 a year, makes it impossible to actually go to the doctor," said David R. Reines, 60, of Jefferson Township, N.J., a...
  • Mass exodus! U.S. doctors fleeing medicine

    11/14/2015 4:59:44 PM PST · by E. Pluribus Unum · 70 replies ^ | 11/14/2015 | Greg Corombos
    Mountains of Obamacare-related paperwork and the threats of severe fines for the slightest errors are forcing many doctors to retire and others to shut down their practices and work under the protection of hospitals, andall of it spells bad news for patients.Galen Institute President Grace-Marie Turner says the exodus is alarming, as evidenced by aPhysicians Foundation reportshowing the number of doctors who say they run an independent practice has dropped from 62 percent in 2008 to 35 percent in 2014. The survey of 20,000 physicians also shows only 17 percent in solo practice. Eighty-onepercent of doctors are at full capacity...
  • Vermont Regulator Who Killed Obamacare Co-Op Has No Regrets

    11/12/2015 11:39:46 PM PST · by Cincinatus' Wife · 12 replies
    The Daily Caller ^ | November 13, 2015 | Richard Pollock
    .....Susan L. Donegan was commissioner for Vermont's Division of Insurance in 2013 when she refused to issue a license to the proposed Vermont Health CO-OP.....Today, she looks like a prescient state official who likely saved thousands of Vermonters from buying their health insurance from a doomed insurer. That's because 13 of the 24 co-ops set up under Obamacare have collapsed,costing the federal treasury $1.3 billion. More than 800,000 co-op customers now find themselves without health insurance coverage and are scrambling to find new policies...Turns out that some of the biggest problems she identified two years ago in her state also...
  • Why Darkness Has Descended on America Explained for Paul Krugman

    11/09/2015 3:43:36 PM PST · by Kaslin · 17 replies
    Rush ^ | November 9, 2015 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Right here in the New York Times, even today. Paul Krugman -- who hates everything conservative, hates everything Republican, and despises personally Ronald Reagan -- has a piece called, "Despair, American Style." "A couple of weeks ago President Obama mocked Republicans who are 'down on America,' and reinforced his message by doing a pretty good Grumpy Cat impression. He had a point: With job growth at rates not seen since the 1990s, with the percentage of Americans covered by health insurance hitting record highs, the doom-and-gloom predictions of his political enemies look ever more at odds with...
  • Humana Will Yank Obamacare Plans Serving 100,000 Patients

    11/08/2015 5:45:35 AM PST · by Timber Rattler · 12 replies
    Forbes ^ | November 6, 2015 | Bruce Japsen
    Humana said it will discontinue several products offered on government-run exchanges under the Affordable Care Act, impacting about 100,000 individuals currently covered by the insurer's plans across the country. The move, disclosed this morning in the company's third-quarter earnings report, comes due to higher-than expected medical costs from sick newly insured patients covered under the health law. "Operating results for the company's individual commercial medical business continue to be challenged primarily due to the volatility related to the start of the healthcare exchange program created under the Affordable Care Act as well as the morbidity of membership served under this...
  • There's Another Supreme Court challenge to Obamacare contraception mandate

    11/07/2015 11:27:36 AM PST · by SeekAndFind · 3 replies
    American Thinker ^ | 11/06/2015 | Rick Moran
    For the fourth time, Obamacare is going before the Supreme Court, this time to decide if forcing religious nonprofit groups to provide contraception against their beliefs is constitutional. Politico: The case represents yet another trip for the Affordable Care Act before the justices since the law's passage more than five years ago — and this one could represent another Obamacare-Supreme Court flash point in an election year. But unlike some of the earlier Obamacare challenges, a ruling against the administration would not cripple the legislation. The law's major provisions, such as the health insurance exchanges, the subsidies and Medicaid...
  • Obamacare is dead

    11/05/2015 3:59:11 PM PST · by GilGil · 71 replies
    National Review ^ | 11/4/2015 | Kevin Williamson
    the so-called Patient Protection and Affordable Care Act (ACA) has failed. The grand vision of an efficient pseudo-market in health insurance under enlightened federal management — the heart of Obamacare — is not coming to pass. Obamacare, meaning the operating model that undergirded the law that Congress passed and President Barack Obama signed with great fanfare — is dead, and it will not be revived. What remains is fitful chaos.
  • Confusion Over IRS' Obamacare Requirements Could Cause More Than 500,000 to

    10/31/2015 11:00:15 AM PDT · by Kaslin · 28 replies ^ | October 31, 2015 | Justin Haskins
    Open enrollment in the Obamacare-created federal Health Insurance Exchange is scheduled to begin on November 1, and many consumers returning to the exchange or signing up for the first time are in for a rude awakening. Millions of Americans’ health insurance premiums are expected to rise and hundreds of thousands more could find themselves without any health insurance subsidies at all in 2016.
  • Anthem Blue Cross Blue Shield cuts individual plans from health exchange in parts of Wisconsin

    10/26/2015 7:39:30 PM PDT · by Extremely Extreme Extremist · 15 replies
    WBAY.COM ^ | 19 OCTOBER 2015 | Steve Schuster
    Anthem, the Blue Cross and Blue Shield (BCBS) licensee in Wisconsin, has decided to completely pull out of the health care exchange (individual plans) market place in Milwaukee, Racine and Kenosha counties starting January. Anthem is also significantly cutting back on the number of available exchange plans in 34 Wisconsin counties, which include the Fox Valley, according to Scott Larrivee, Public Relations Director at Anthem Blue Cross and Blue Shield in Wisconsin. Anthem individual members in these [Milwaukee, Kenosha and Racine] counties will need to select a new health insurance plan with a different company for 2016, Larrivee said, noting...
  • White House Turns to Threats as ObamaCare Enrollments Stall (fines going up)

    10/20/2015 5:22:20 PM PDT · by Libloather · 53 replies
    Breitbart ^ | 10/19/15 | John Nolte
    Now that ObamaCare is failing in the exact way its critics predicted more than 5 years ago, the White House is preparing to use threats to increase ObamaCare enrollment numbers next year. The threat, of course, is the ObamaCare tax. Next year the annual fine for not buying President Obamas overpriced health insurance will jump to $695 or 2.5% of your income, whichever is greater. The White House intends to use the hefty fines as leverage in the upcoming 2016 enrollment period, which starts in November: Administration officials are looking for a balance. We need to be make sure that...
  • ObamaCare Just Killed my Health Insurance Again

    10/14/2015 8:19:52 PM PDT · by nickcarraway · 28 replies
    New York Post ^ | October 14, 2015 | Michelle Malkin
    SNIP In the fall of 2013, our family received notice from Anthem Blue Cross Blue Shield of Colorado that we could no longer keep our private health-insurance plan because of changes from health care reform (also called the Affordable Care Act or ACA). We liked our high-deductible preferred-provider-organization plan that allowed us to choose from a wide range of doctors. But ObamaCare wouldnt let us keep it. Reluctantly, and after great bureaucratic difficulty, my hubby and I enrolled in an individual market plan with Rocky Mountain Health, which offered a much narrower provider network than the Anthem PPO plan we...
  • President Obama Signs Another Bill Repealing Part of His Health Care Law

    10/10/2015 10:30:30 AM PDT · by re_tail20 · 13 replies ^ | October 9, 2015 | Cory Fritz
    The presidents health care law is unworkable, and he knows it. Thats why, on Wednesday, he was forced to sign the PACE Act to protect millions of small business workers from higher costs and coverage disruptions under ObamaCare. Our goal remains to repeal and defund all of ObamaCare as weve voted a number of times to do and until then we will continue to do everything in our power to protect Americans from the laws disastrous impact on jobs, the economy, and hard-working families. Since 2011, the president has now signed at least 10 House bills that dismantle,...
  • WH: Republicans Should Support Obamacare Expansion To Prevent Mass Shootings

    10/06/2015 2:49:18 PM PDT · by Sir Napsalot · 51 replies
    Breitbart - Big Government ^ | 10-6-2015 | Charlie Spiering
    The White House is promoting the expansion of Medicaid through Obamacare as one way to prevent more gun violence, and urging Republicans to join forces with the president. For those who say they want to work with the administration in limiting gun violence, we would welcome the support for the Affordable Care Act and expanding Medicaid, spokesman Josh Earnest explained to reporters during the White House press briefing.
  • Democrats Begin the Long, Tortuous Retreat from Obamacare

    10/01/2015 12:35:38 PM PDT · by lbryce · 11 replies
    Fiscal Times ^ | October 1, 2015 | Ed Morrrisey
    After 5 years, two midterm disasters, and a rollout that reminded Americans why they fell out of love with big government in the 1970s, reality has finally begun to dawn on some Democrats about Obamacare. With open enrollment about to start and a third straight round of premium spikes about to hit voters pockets, the Democrats leading presidential candidate has offered a major break with the Obama administration on its signature domestic policy achievement. Hillary Clinton will speak out against the so-called Cadillac tax on high-coverage health care plans, as early as this week, according to The New York Times....
  • Nuns on the Bus: Dispatches From a Papal Road Trip

    09/24/2015 7:39:05 PM PDT · by Citizen Zed · 7 replies
    Rolling Stone ^ | 9-24-2015 | TARA MURTHA
    When the nuns first hit the road in 2012, their mission was to collect stories of economic oppression in protest of the Paul Ryan budget in defiant response to Pope Benedict XVI's startling decision to launch an investigation into the Leadership Conference of Women Religious, an umbrella group that represents more than 80 percent of religious sisters in the United States. The investigation was an outright attack on women's role in the Church and was referred to as "a crackdown on American nuns." Their alleged transgression was spending too much time on social justice issues, and promoting "certain radical...
  • Obamas Tasteless Welcome of Pope Francis

    09/18/2015 10:42:52 PM PDT · by Vision Thing · 32 replies
    The Daily Signal ^ | September 18, 2015 | Katrina Trinko
    Maybe we shouldnt expect anything much from a president who gave Queen Elizabeth an iPod filled with his own speeches, and who gave former British Prime Minister Gordon Brown a set of American movies on DVDs that didnt work in the U.K. But the way this White House is choosing to welcome Pope Francis is appalling. When Francis arrives at the White House on Wednesday for a welcome reception, his greeters will include Episcopal Bishop Gene Robinson, the first openly gay Anglican bishop whos now a senior fellow at the Center for American Progress, a think-tank with ties to the...
  • Death Spiral: Obamacare enrollment must double this year to meet budget goals

    09/14/2015 9:50:43 AM PDT · by SeekAndFind · 9 replies
    American Thinker ^ | 09/14/2015 | Rick Moran
    Enrollment in Obamacare insurance plans must double over the next year if budget projections by the Congressional Budget Office are to be met. An article in the Washington Times shows enrollment lagging far behind original estimates of where the program should be by 2016, and this will have unknown effects on the trillion dollar projection for the program's cost by 2020. As of June, the Department of Health and Human Services counted 9.9 million customers who have bought plans through the federal portal and a handful of state-run exchanges. That puts the administration ahead of it’s own estimates...
  • ACA Obamacare provides for 2017 Nat'l ID implant (Immigration Crisis solution)

    09/14/2015 11:21:47 AM PDT · by MarchonDC09122009 · 25 replies
    PC MD GAZETTE, NBC, ACA ^ | 04/29/2014 | PCMDGazette All Americans Will Receive A Microchip Implant In 2017 Per Obamacare News April 29, 2014 obamacare NBC has recently predicted that in 2017, all of America will be tagged with microchips. They will be implanted to help identify individuals immediately. According to the report, the technology is used to answer one question, Am I who I say I am? Some worry, however, that the RFID Microchip will give the government too much power, allowing them to track every move. In some states, like Virginia, legislation is in process to stop this from happening. Click like if you are against...
  • Texas Couple Convinced Doctors Gave Them the Wrong Baby

    09/09/2015 8:56:38 PM PDT · by nickcarraway · 24 replies
    KFOR ^ | SEPTEMBER 8, 2015 | Dallas Frankllin
    A Texas couple left the hospital convinced theyd been given the wrong babyand as it turns out, they were right. Mercedes Casanellas and her husband, Richard Cushworth, are both missionaries from Texas who were working in Latin America. In May, while the couple was in El Salvador, Casanellas says she gave birth to a baby boy at a private hospital. Before the couple returned to their Dallas, Texas home, Casanellas says she felt something wasnt right. She says the baby she was handed at the hospital looked different from the one she held in the delivery room. Finally, after three...
  • Toddler Turned Away From Hospital on Day of Surgery for Rare Heart Condition Because of 'Cutbacks'

    09/09/2015 4:50:59 PM PDT · by nickcarraway · 35 replies
    Toddler (2) turned away from hospital on day of surgery for rare heart condition because of 'cutbacks' (Link Only)
  • Walkers Obamacare Alternative: Setting the Record Straight

    08/27/2015 2:02:01 AM PDT · by Cincinatus' Wife · 15 replies
    Weekly Standard ^ | August 26, 2015 | Jeffrey H. Anderson
    On August 18, Wisconsin governor Scott Walker became the first leading Republican presidential candidate to release a full-fledged Obamacare alternative. Walkers alternative would fully repeal Obamacare and provide the sort of real reform for which Americans have long been waiting. But there has been a fair amount of misreporting in the wake of Walkers announcement, and its worth setting the record straight. Its not Burr-Coburn-Hatch (or Burr-Hatch-Upton). A couple of outlets, most notably the Wall Street Journals editorial page, have erroneously suggested that Walkers proposal is pretty much the same as the one released last year by senators Richard Burr,...
  • Court says Little Sisters can duck birth-control mandate until Supreme Court weighs in

    08/21/2015 3:15:42 PM PDT · by Morgana · 7 replies ^ | August 21, 2015 | Tom Howell Jr.
    A federal appeals court that refused to exempt a group of nuns from Obamacares birth-control rules said Friday the sisters can duck the mandate and its hefty fines until the Supreme Court decides whether to take up their appeal. The Little Sisters of the Poor Home for the Aged is among several nonprofit plaintiffs whove asked the justices to hear them out next term, saying the Obama administration hasnt done enough to absolve them from providing birth control they find sinful, including morning-after pills that Catholic groups equate with abortion. The federal government doesnt need the Little Sisters or any...
  • We Dont Like Obamacare, and We Dont Have to Keep It

    08/14/2015 6:53:30 AM PDT · by afraidfortherepublic · 27 replies
    National Review ^ | 8-14-15 | Scott Walker
    Lets be honest. Obamacare was nothing more than a bait and switch. But Americans never took the bait. In 2010, as President Obama and his fellow Democrats were trying desperately to ram Obamacare down our throats, they made one false claim after another. They told us health-care premiums would go down. They insisted if you liked your health-care plan you could keep it. They guaranteed Obamacare wouldnt include any tax increases for the middle class. Americans didnt buy these lofty promises then, and they certainly dont now, given that each and every one of them has been broken. Five years...
  • Obamacare: Pull It out by the Roots and Replace It with a Plan That Works [Scott Walker]

    08/14/2015 1:55:42 AM PDT · by Cincinatus' Wife · 34 replies
    National Review ^ | August 14, 2015 | Scott Walker, Governor of Wisconsin
    Lets be honest. Obamacare was nothing more than a bait and switch. But Americans never took the bait. In 2010, as President Obama and his fellow Democrats were trying desperately to ram Obamacare down our throats, they made one false claim after another. They told us health-care premiums would go down. They insisted if you liked your health-care plan you could keep it. They guaranteed Obamacare wouldnt include any tax increases for the middle class. Americans didnt buy these lofty promises then, and they certainly dont now, given that each and every one of them has been broken. Five years...
  • Rocky road for insurance carrier (Colorado)

    08/10/2015 7:40:57 AM PDT · by dware · 6 replies
    GJ Sentinel ^ | 08.09.2015 | Greg Ruland
    An explosion in the number of Coloradans signing up for medical insurance during the last 18 months shook up the states health insurance market and severely strained Rocky Mountain Health Plans bottom line. The federal government will soon funnel nearly $70 million to the Grand Junction-based carrier, a move that will help make up for some of those losses. But a significant rate increase for some of the more than a quarter-million members of RMHP could be on the horizon. The rise in coverage brought about by the Affordable Care Act has insurers around the country adjusting premium rates to...
  • Obama Administration Urges States to Cut Health Insurers Requests for Big Rate Increases

    08/04/2015 6:26:27 AM PDT · by PROCON · 12 replies
    nytimes ^ | Aug. 3, 2015 | ROBERT PEAR
    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. In calling for aggressive regulation of rates, federal officials are setting up a potential clash with insurers. Some carriers said they paid out more in claims than they collected in premiums last year, so they lost money on policies sold in the new public marketplaces. After finding that new customers were sicker than expected, some health plans have sought increases of 10 percent to 40...
  • Obamacare and the Road to Communism

    07/30/2015 2:14:59 PM PDT · by Art in Idaho · 17 replies ^ | July 30, 2015 | Jen Kuznicki
    The National Federation of Independent Business (NFIB) recently called attention to an IRS ruling that would penalize small businesses up to $500,000 for daring to compensate their employees for health insurance premiums. The NFIB reports, On July 1, 2015, employers will be penalized $100 per day per employee if they try to make health insurance more affordable by reimbursing their employees for individual market health insurance premiums. The penalty affects businesses that provide reimbursement for more than one employee. The healthcare reimbursement prohibition regulation decreases an employers ability to assist employees with health insurance costs. The ruling would fine the...
  • 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
  • Mike Lee goes for nuclear option to repeal Obamacare

    07/24/2015 3:37:46 PM PDT · by Oldeconomybuyer · 39 replies
    Washington Post ^ | July 24, 2015 | By Kelsey Snell
    Senate conservatives couldnt stop a vote on the Export-Import bank. So theyre going to try to force a vote on Obamacare instead. Conservative firebrand Sen. Mike Lee (R-Utah) announced on Friday that he plans to use a complicated procedural maneuver known as the nuclear option to repeal the Affordable Care Act with just 51 votes. Democrats famously used the strategy in 2013 to break a Republican blockade of President Obamas nominees to fill judicial openings. Now Lee wants to use the partisan procedure get rid of Obamacare. Its unclear whether Lees gambit will work but if it does, there...
  • Senate GOP setting up Obamacare vote on highway bill

    07/24/2015 7:02:13 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Jul. 24, 2015 9:55 AM EDT | Erica Werner
    Senate Republican leaders will use a must-pass highway bill to start another fight over the presidents health care law. Senate Majority Leader Mitch McConnell plans to introduce an amendment to the transportation bill to fully repeal Obamacare. [] The Senate is rushing to complete the highway legislation before states face a cutoff of highway and transit aid one week from now.
  • Opinion: The newest Obamacare fail: penalties of $36,500 per worker

    07/23/2015 5:06:16 PM PDT · by Red in Blue PA · 13 replies
    Hey, employers, dont even think about reimbursing your workers health-insurance premiums. Beginning this month, the IRS can levy fines amounting to $100 per worker per day or $36,500 per worker per year, with a maximum of $500,000 per firm. This Internal Revenue Service penalty is not written into the Obamacare law. The amount is over 12 times the statutory amount in the Affordable Care Act of $3,000 per worker per year. That is what an employer is charged when one of its employees gets subsidized care on one of the health-care exchanges. Its 18 times the $2,000 penalty for not...
  • ObamaCare's Mandate Penalty Tax Brings In 40% Less Than Expected

    07/17/2015 4:21:40 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 07/16/2015 | John Merline
    The IRS reported this week that 6.6 million people paid the ObamaCare mandate penalty for not having insurance last year, which the administration says is 10% higher than they'd expected. This isn't exactly good news, given that the entire point of the mandate penalty tax is to encourage everyone to buy coverage. Even if it were, the number comes with two big caveats.
  • Starting Wednesday, Obamacare will punish businesses who help employees with health care

    07/04/2015 9:18:19 AM PDT · by afraidfortherepublic · 21 replies ^ | 7-4-15 | Eric Boehm
    Employers who reimburse their workers for health care costs will face massive tax penalties beginning Wednesday. Prior to the passage of the Affordable Care Act, with its mandate that all Americans purchase insurance and requirement for businesses to offer employees insurance plans, many small companies provided coverage by directly reimbursing medical costs or for the cost of private insurance plans. Businesses do it because thats a less complicated process than dealing with an official health insurance plan, but continuing to do so after July 1 could cost them hundreds of dollars in fines each day. Business groups are calling attention...
  • Health Insurance Companies Seek Big Rate Increases for 2016

    07/04/2015 7:37:56 AM PDT · by PROCON · 25 replies
    NYT ^ | July 3, 2015 | ROBERT PEAR
    WASHINGTON Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back. Blue Cross and Blue Shield plans market leaders in many states are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota, according to documents posted online by the federal government...
  • Clinton warns GOP will repeal Obamacare

    07/03/2015 12:41:18 PM PDT · by Olog-hai · 52 replies
    Associated Press ^ | Jul. 3, 2015 3:15 PM EDT | Ken Thomas
    Hillary Rodham Clinton is warning New Hampshire voters that if the country elects a Republican president, the next administration will repeal President Barack Obamas health care overhaul. The Democratic presidential front-runner says she will offer continuity on the policies under Obama that have worked for the vast majority of Americans. And she says the federal budget was in order under her husbands administration until it was rudely interrupted by Republicans.
  • MCCONNELL: Proposed sale of Humana the result of 'Obamacare'

    07/03/2015 12:57:00 PM PDT · by Republican Wildcat · 40 replies
    WDRB News ^ | July 3, 2015
    LOUISVILLE, Ky. (WDRB) -- U.S. Senator Mitch McConnell issued a statement Friday morning, saying he predicted the "type of consolidation" exhibited by the proposed sale of Humana to Aetna and pointed to the Affordable Care Act as the root cause. McConnell's statement reads as follows: "For more than 30 years, Humana has been a cornerstone of economic growth and a great philanthropic partner in our community. This mornings announcement, as I predicted during the debate five years ago, is the inevitable result of Obamacares push toward consolidation as doctors, hospitals, and insurers merge in response to an ever-growing government."
  • Aetna to acquire Humana for $37 billion [Obamacare Moves Closer to Full Blown Fascism]

    07/03/2015 4:40:45 AM PDT · by SoFloFreeper · 50 replies
    WDRB-TV ^ | 7/3/15 | Dalton Main
    Aetna has reached a $37 billion deal to buy Humana. A news release from the two companies says Aetna will acquire all outstanding shares of Humana for a combination of cash and stock valued at approximately $230 per share. The deal was unanimously approved by the board of directors....
  • White House: Have you talked to your family about ObamaCare lately?

    07/02/2015 7:34:10 PM PDT · by 2ndDivisionVet · 34 replies
    The Hill ^ | July 2, 2015 | Sarah Ferris
    The Obama administration wants you to bring a side of healthcare politics to your family picnic this weekend. After ObamaCares big win at the Supreme Court last week, federal health officials are serving up some tips about talking to family members who may be less-than-enthused that ObamaCare is here to stay. You should be prepared when Aunt Janine says something like, Obamacare hasnt helped anyone! a spokesman for the Department of Health and Human Services wrote in a blog post on Thursday. For instance, if your Uncle Ted starts calling Obamacare a train wreck, you should calmly explain that hes...
  • How Obamacare could lead inadvertently to free market health care

    07/02/2015 4:34:43 AM PDT · by Marcus · 19 replies
    Houston Politics Examiner ^ | July 2, 2015 | Mark R. Whittington
    The presidents chest thumping boasting to the contrary, Obamacare is still a mess that has caused health insurance premiums and deductibles to skyrocket. Some advocates of Canadian-style single-payer systems, such as socialist presidential candidate Bernie Sanders, maintain that this state of affairs will lead Americans to accept a universal, government run Medicare for all system. Such a system would also feature rationing and death panels, as has been the case in countries that have adopted such arrangements. However, a Wednesday article in the Wall Street Journal suggests that Obamacare will, inadvertently, lead to a free market, customer-driven health care system...
  • CNN poll: 63% support Supreme Courts ObamaCare ruling, 59% support gay-marriage ruling

    06/30/2015 12:55:29 PM PDT · by SeekAndFind · 74 replies
    Hotair ^ | 06/30/2015 | AllahPundit
    It’s the first post-ruling poll I’ve seen in either case. There wasn’t much mystery about where the public was on ObamaCare subsidies — “free” money! — but there was a little suspense around the SSM decision in light of this YouGov poll last week showing a plurality of the public opposed to having the Court decide the issue. That raised the question of whether a backlash might be brewing around process. Sure, Americans support gay marriage in principle, but what happens when the judiciary wrests that issue out of the states’ hands and settles it as a matter of...
  • Five lingering threats to ObamaCare

    06/30/2015 5:42:54 AM PDT · by Cincinatus' Wife · 24 replies
    The Hill ^ | June 30, 2015 | Peter Sullivan with Sarah Ferris
    The White Houses victory at the Supreme Court last week removed a major threat to ObamaCare that could have rolled back coverage for 6.4 million people. President Obama declared after the ruling that the law has been woven into the fabric of America, while allies said the new insurance program and its related policy changes are here to stay. But the law is hardly out of the woods. The battle of public opinion over the Affordable Care Act rages on, with Republicans expressing confidence they will ultimately prevail. Here are five remaining threats to Obamas signature domestic program. 1.) RepealRepublicans...