Advocates marketed the Affordable Care Act (ACA), known colloquially as "Obamacare," to the American public as a way to "bend the cost curve" of soaring health care costs downward. But despite its supporters' hopes, the 2010 legislation was fiscally reckless, markedly increasing the government's already-unsustainable health spending commitments at a time of record deficits. Three years later, the … [Read more...] about Charles Blahous: Obamacare’s Financial Unraveling: Predictable, and Predicted
Consumers Know It's Not Just Volume
The New York Times reports today on the administration’s spin about the rollout disaster of Obamacare, attributing the website crashes to much-higher-than-anticipated volume. But reading the comments at the end of the article gives a clearer picture of what’s actually happening: “‘At lower volumes, it would work fine’ already has become a classic in the tech world,” writes BeefeaterBoston. In … [Read more...] about Consumers Know It's Not Just Volume
Still No Funding for Kids with Cancer
By Grace-Marie Turner As we enter Week Two of the government shutdown, President Obama and Senate majority leader Harry Reid still are refusing to budge in insisting the House pass a bill that funds the government with no strings attached, even if it means interrupting cancer care for children at the National Institutes of Health. The House has been passing separate funding bills for parts … [Read more...] about Still No Funding for Kids with Cancer
Deroy Murdock: Obamacare Sickens American Workers
Democrats landed on Earth to nurture working Americans. How ironic, then, that Obamacare is hammering U.S. laborers. From terminated coverage to truncated schedules, the Democrats’ reputed constituency is paying dearly for Obama’s massive, $2.6 trillion health-care “reform.” “If you like your health-care plan, you will be able to keep your health-care plan. Period,” Obama … [Read more...] about Deroy Murdock: Obamacare Sickens American Workers
Karen McVeigh: US employers slashing worker hours to avoid Obamacare insurance mandate
Avita Samuels has worked at the Mall of America in Minneapolis for the last four years, juggling a sales job with her studies in political science and law at the University of Minnesota. The 24-year-old has been the top sales associate for the last three years and works between 29 and 35 hours a week. But over the past few months, she said, she has watched as friends working in stores around her … [Read more...] about Karen McVeigh: US employers slashing worker hours to avoid Obamacare insurance mandate
ObamaCare Not Ready for Prime Time
by Grace-Marie Turner The cascade of delays, missed deadlines and workforce distortions accelerated in the countdown to the launch of the health exchanges. But they overshadowed the real issue: What will the experience be for the average consumer trying to get coverage? Despite the happy talk from President Obama about enrollment being as easy as online shopping, consumers are in for some … [Read more...] about ObamaCare Not Ready for Prime Time
ObamaCare is a Gigantic Shell Game
by Grace-Marie Turner Obamacare is a gigantic shell game. Americans were promised that the Affordable Care Act would lower health costs by $2,500 a year for the average family, provide coverage for tens of millions more Americans, and do all of this while reducing the federal budget deficit. It would be accomplished through 2,800 pages of legislation, tens of thousands of pages of regulatory … [Read more...] about ObamaCare is a Gigantic Shell Game
Avik Roy: Double Down: Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women
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 … [Read more...] about Avik Roy: Double Down: Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women