The bad news just keeps getting worse for ObamaCare, creating election-year headaches for the White House. Here are a dozen new damaging disclosures: 1.The Obama administration got slapped by the Government Accountability Office for using an $8.3 billion slush fund to temporarily cushion the blow from cuts that ObamaCare requires to a program called Medicare Advantage. Millions of … [Read more...] about ObamaCare: A Dozen (More) Damaging Disclosures
Status Quo is Sending Medicare Over the Cliff
The latest Medicare trustees’ report inconclusively demonstrates that Medicare is going broke. Former CBO Director Douglas Holtz-Eakin and former House Budget Chairman Jim Nussle explain in a post for National Review Online what it would have taken for Medicare to have had a positive cash flow in 2011. If the program had not been able to draw on general revenues from the Federal government – … [Read more...] about Status Quo is Sending Medicare Over the Cliff
Why the (Un)Affordable Care Act Should Be Repealed and Replaced
Grace-Marie Turner, Tom Miller, and Jim Capretta, co-authors of Why ObamaCare Is Wrong for America, strongly recommend that PPACA be repealed and replaced as soon as possible. Read their latest piece published in The American Journal of Medicine. … [Read more...] about Why the (Un)Affordable Care Act Should Be Repealed and Replaced
Avik Roy: Stifling New Cures: The True Cost of Lengthy Clinical Drug Trials
Though the United States urgently needs new treatments for common illnesses such as heart disease, stroke, and diabetes, the nation’s system for drug approval discourages innovation and investment, especially for our most pressing public health challenges. In this paper, we find that the main culprit is the high cost of Phase III clinical trials, which are required for FDA approval of most drugs. … [Read more...] about Avik Roy: Stifling New Cures: The True Cost of Lengthy Clinical Drug Trials
Needed: A Real Market For Health Insurance
The oral arguments over ObamaCare have concluded at the Supreme Court, but they continue in the media with defenders of the unpopular law trying to patch together responses that they complain the government's attorneys couldn't muster in the courtroom. The latest example: A software technology executive penned an op-ed for The Washington Post claiming that there is no market for private health … [Read more...] about Needed: A Real Market For Health Insurance
Reuters: Consumer-directed U.S. health insurance surges
There may not be a consensus in the nation's capital on how to control the cost of health care, but businesses and their employees are not sitting around waiting for clarity. They are voting with their wallets for one approach that's already available: Account-based health insurance plans, which offer lower premiums in exchange for high deductibles. Consumer-directed health insurance is a … [Read more...] about Reuters: Consumer-directed U.S. health insurance surges
Jim Capretta: CBO Confirms It: ObamaCare Creates an Unstable Disequilibrium in Insurance Subsidies
In March, the Congressional Budget Office (CBO) released a new studyon employee migration out of job-based plans and into ObamaCare’s state exchanges. The effect of ObamaCare on employer-based insurance has been a hotly debated topic ever since the law was enacted in March 2010. Several independent analysts predict that “dumping” into the exchanges will occur at a much higher rate than CBO assumed … [Read more...] about Jim Capretta: CBO Confirms It: ObamaCare Creates an Unstable Disequilibrium in Insurance Subsidies
Freedom on Call: Survey Shows How ObamaCare is Making Things Worse
Lost in all the publicity surrounding the two-year anniversary of ObamaCare and the Supreme Court arguments regarding same was an interesting study revealing once again how the 2,700-page law has fallen short. The annual Towers Watson survey of health plans, released last month, revealed how the law will harm millions of Americans this year: Higher Costs: Costs per employee will rise by $682 … [Read more...] about Freedom on Call: Survey Shows How ObamaCare is Making Things Worse