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Keyword: unaffordable

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  • California’s war on the emerging generation: Joel Kotkin

    05/01/2017 11:59:30 AM PDT · by Tolerance Sucks Rocks · 14 replies
    The Los Angeles Daily News ^ | April 30, 2017 | Joel Kotkin
    It should be the obligation of older citizens to try to improve the prospects for their successors. But, here in California, as seen in a new report issued by the Chapman Center for Demographics and Policy, we seem to have adopted an agenda designed to make things tougher for them.Millennials everywhere face many challenges. The U.S. Census Bureau estimates that, even when working full-time, they earn $2,000 less than the same age group made in 1980. Nationwide, a millennial with a college degree and college debt, according to a recent analysis of Federal Reserve data, earns about the same as...
  • The American Health Care Act is a great, and necessary, start

    03/22/2017 8:16:11 AM PDT · by Sean_Anthony · 13 replies
    Canada Free Press ^ | 03/22/17 | Herman Cain
    There is no other way to rebuild the house that was torn down by the Unaffordable Care Act. In my commentary this past Sunday, I broadly explained why there is no before the Unaffordable Care Act to go back to. Maybe it was too broad, because some Senators and House Republicans are still saying the American Health Care Act does not go far enough on delivering what was promised to the American people. Republicans promised to repeal the UCA, but they did not say how. The House Republicans came up with a three-phase approach to get as much of the...
  • Dr. Manny: 3 Main Reasons Why ObamaCare Failed

    01/04/2017 3:26:54 PM PST · by Kaslin · 15 replies
    Fox News.com ^ | January 4, 2017 | Dr Manny Alvarez
    Vice President-elect Mike Pence met with GOP leadership today on the Hill and told the public that step one of Trump’s presidency will be to make good on a campaign promise to repeal President Obama’s flailing Affordable Care Act. While we have dissected the many strategies that Republicans can take in crafting their own plan, let’s take a look at three major reasons why ObamaCare failed the American people. 1. Skyrocketing costs: At no point in time did the $3-trillion-a-year ObamaCare plan work in favor of controlling the soaring health care costs in our country. While middle-class consumers were hit...
  • Paul Krugman Begs Liberals To Stop Bashing ObamaCare

    02/07/2016 2:33:44 AM PST · by Libloather · 8 replies
    Investors ^ | 2/05/16 | JOHN MERLINE
    New York Times columnist Paul Krugman is a bit apoplectic that the left, which has always wanted single-payer health care, is still pushing for single-payer health care. "Why," he frets, "do we hear not just conservatives but also many progressives trashing President Obama's biggest policy achievement?" He goes on to say, "A lot of what I hear from the left is not so much a complaint about how the reform falls short as outrage that private insurers get to play any role. The idea seems to be that any role for the profit motive taints the whole effort." Krugman says...
  • Obamacare: 2016 sticker shock

    02/05/2016 2:30:52 PM PST · by HarleyLady27 · 24 replies
    Washington Examiner ^ | June 2, 2015 | Paige Winfield Cunningham
    Health insurers are proposing to raise Obamacare rates more than in the past - some by more than 70 percent - now that they are finally equipped with all the information they need to price those plans. Plans wanting to raise rates by at least 10 percent next year posted the proposed increase online Monday, as required by the 2010 healthcare law. Insurers are allowed to raise rates each year, but they must publish significant increases ahead of time. Insurers have sold plans in the law's new insurance marketplaces for two years in a row. But the difference in 2016...
  • 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.
  • 7 Things the Middle Class Can’t Afford Anymore

    04/01/2015 1:37:45 PM PDT · by SeekAndFind · 38 replies
    Personal Finance Cheat Sheet ^ | 04/01/2015 | Erika Rawes
    During debates and speeches, politicians often bring up the financial burden that’s placed on the middle class. We talk about the middle class as though they are this singular entity, who used to thrive until they underwent persecution by the evil 1%. But, realistically speaking, the middle class and the 99% are not really synonymous. So, who are the middle class? In its discussion of historical middle class societies, The Economist reports, “Their members are neither rich nor poor but somewhere in-between…’Middle-class’ describes an income category but also a set of attitudes…An essential characteristic is the possession of a reasonable...
  • 7 Things the Middle Class Can’t Afford Anymore

    04/01/2015 2:07:23 PM PDT · by entropy12 · 65 replies
    CheatSheet ^ | March 31, 2015 | Erica Rawes
    1. Vacations 2. New vehicles 3. To pay off debt 4. Emergency savings 5. Retirement savings 6. Medical care 7. Dental work
  • 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...
  • IRS to Close “Loophole” on “Sub-Standard” Plans (Title Shortened

    11/10/2014 8:47:20 AM PST · by justlittleoleme · 19 replies
    Proskauer's ERISA Practice Center Blog ^ | November 6th, 2014 | By Paul M. Hamburger, Stacy Barrow and Tzvia Feiertag
    On November 4, 2014, the Internal Revenue Service (“IRS”) announced that it intends to close a perceived “loophole” in health care reform. This so-called loophole allows employers to offer low cost health plans that don’t cover inpatient hospitalization services or physician services (or both). If that coverage were treated as “minimum value” coverage, then employers could avoid all pay-or-play penalties with low cost coverage and covered individuals would not be able to benefit from premium assistance or subsidies in the health insurance Marketplace. What does this IRS Notice Mean? Once this new rule is final, it means that Non-Hospital/Non-Physician Services...
  • Obamacare Exchange Now Asks for Fee on all Insurance Policies

    04/23/2014 2:20:20 PM PDT · by lowbridge · 17 replies
    http://freedomoutpost.com ^ | april 23, 2014 | greg campbell
    The fee would pay for half of the annual operating costs of Connect for Health Colorado, the state Obamacare exchange, according to Health News Colorado. The exchange’s latest financial plan comes soon after its oversight board rejected a proposal to hike fees on those who use the website from 1.4 percent to 1.7 percent. Connect for Health Colorado staff has said the increase was needed to keep it solvent. Board members said staff should look at cutting expenses before raising fees, and many had the same reaction to the proposed $13 million fee, which is being called a “general market health insurer assessment.” Others call it...
  • And They Call It ... Success!

    04/17/2014 9:04:55 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 17, 2014 | Paul Greenberg
    There are times when the master politician has to be a master illusionist. And there are too many times when he doesn't fool anybody, perhaps not even himself, and some little Toto reveals the Great and Powerful Oz as just another little man behind the curtain. And the illusion can no longer fool even the long illusioned. Despite a beautiful stage setting like the Rose Garden at the White House, the perfect if artificial lighting, and the usual supporting cast of intellectual munchkins in the merry old land of Washington, singing, dancing, prancing and applauding all around. For no matter...
  • Taxpayers Get Fleeced to Make Obamacare Look Affordable

    01/30/2014 12:14:21 PM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 30, 2014 | Betsy McCaughey
    Last week, Moody’s rating agency lowered the outlook for health insurers from stable to negative, blaming Obamacare. Few Americans will shed tears for insurance companies. But the Moody’s announcement is a warning sign to taxpayers. They’ll be getting clobbered. Section 1342 of the Affordable Care Act forces taxpayers to make insurers whole for most of the losses incurred selling Obamacare exchange plans through 2016. The bailout is designed to conceal the failure of the president’s signature health law until he is out of office. No one in the Obama administration talked up the advantages of bailing out insurers. It was...
  • The Latest From Obamacare Central (Free Republic Mentioned)

    01/21/2014 4:48:46 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | January 21, 2014 | David Limbaugh
    It's time for your latest Obamacare update, and it will come as no surprise to you that things are not getting any prettier for this monstrosity. Let's just take a jog down Obamacare Avenue and see what is popping out at us from the storefronts this week. Roll down your windows so you can get a clearer look: --Obamacare devotees are still clinging to the idea that this law will expand coverage, but the most recent data indicate that it may fall short of this goal, too, just as it has failed in every other respect. Forbes reports that instead...
  • Obamacare: Unaffordable and Incomprehensible

    11/17/2013 7:02:07 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | November 17, 2013 | Debra J. Saunders
    Chaos. "The whole mess has thrown the country, millions of people, the insurance market, into chaos," wrote Paul Palumbo, one of the million Californians who were notified that because of the Affordable Care Act, their Blue Shield plans would end Dec. 31. When the self-employed research analyst received the notice, he stopped paying his premiums because "they were dropping" him. The cheapest alternative he could find costs 61 percent more than his old premium and has a higher deductible. For now, he's waiting for the market to settle and rolling the dice. After President Barack Obama announced Thursday that he...
  • No-Money-Down College

    09/22/2013 6:07:31 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | September 22, 2013 | Bruce Bialosky
    As a regular reader of this column, you are acutely aware of the crisis in college education and particularly the soaring costs. As costs have climbed very little effort has been made to control them or limit the genesis of those costs. Our President has floated a plan which is destined for the scrap heap to have the federal government step in and rate colleges and then control federal funds to those colleges. A new way of funding college educations has emerged from the legislature in Oregon, and we took a look here. We first became aware of this new...
  • Cleveland Clinic to cut $330 million from next year's budget, may cut jobs

    09/18/2013 12:22:34 PM PDT · by EBH · 45 replies
    The Plain Dealer ^ | 9/18/2013 | Brie Zeltner
    About 60 percent of the hospital system’s costs are in labor, salaries and benefits, said spokeswoman Eileen Sheil, and “there’s only so much you can do with non-staff cost cutting. “Healthcare reform has really changed things, and the burden of cost is going to be falling on patients,” she said. “We want to make sure we can keep care affordable....” ...Sheil said the Clinic has not been filling vacant positions in many departments for a while, and some departments may be able to meet their targeted cuts by attrition and non-staff cuts. “Other places might have to look at reducing...
  • Rand Paul: Obamacare authors have ‘really small brains’

    08/13/2013 1:52:10 PM PDT · by Jim Robinson · 41 replies
    Washington Times ^ | Aug 13, 2013 | By Tom Howell, Jr.
    Sen. Rand Paul outlined his fears about President Obama’s health care law on “The Daily Show” late Monday, arguing “dinosaur syndrome” has prevented well-intentioned authors of the law from crafting effective reforms. “I’m afraid it’s going to be unaffordable and that’s the real problem,” the Kentucky Republican told John Oliver, interim host of “The Daily Show” in Jon Stewart’s absence. “I’m afraid that everyone will pay a lot more for insurance. And I think precisely the people it was intended to help it may well hurt, because they may not be able to afford it.” Mr. Paul, a potential presidential...
  • Coverage may be unaffordable for low-wage workers

    06/13/2013 12:02:28 PM PDT · by Hojczyk · 23 replies
    Yahoo Finance ^ | June 13, 2013 | RICARDO ALONSO-ZALDIVAR
    It's called the Affordable Care Act, but President Barack Obama's health care law may turn out to be unaffordable for many low-wage workers, including employees at big chain restaurants, retail stores and hotels. That might seem strange since the law requires medium-sized and large employers to offer "affordable" coverage or face fines. But what's reasonable? Because of a wrinkle in the law, companies can meet their legal obligations by offering policies that would be too expensive for many low-wage workers. For the employee, it's like a mirage — attractive but out of reach. he company can get off the hook,...
  • Minnesota's child care, averaging $9,900 a year, is among least affordable

    10/10/2011 5:20:55 AM PDT · by WOBBLY BOB · 18 replies
    pioneer press ^ | 10-9-11 | Jennifer Bissell
    Minnesota ranks as the fifth least affordable state for prekindergarten child care, after New York, Montana, Massachusetts and Wisconsin. Minnesota is among the most expensive for child care partly because the industry is highly regulated by the state, according to Ann McCully, executive director of Minnesota Child Care. For example, Minnesota requires a lower ratio of staff to children than other states, which requires centers to spend more money on personnel. McCully said it can be difficult for centers to make a profit or simply break even.