Jul 23

- In Potentially “Lethal Blow” For Obamacare, US Appeals Court Finds Insurance Subsidies Invalid In Most States (ZeroHedge, July 22, 2014):

It may be back to square 1 for Obamacare.

Moments ago, in what NBC classified as a “potentially lethal blow to Obamacare” a federal appeals court has ruled that the federal government may not subsidize health insurance plans bought by people in states that decided not to set up their own marketplaces under Obamacare. The law clearly says that states are to set up the exchanges. But 34 states opted not to, and the federal government took over in those states. The court ruled that federal government may not pay subsidies for insurance plans in those states.

As the Hill reports further, the D.C. Circuit Court of Appeals said the Affordable Care Act does not permit the IRS to distribute premium subsidies in the federal ObamaCare exchange, meaning those consumers must bear the full cost of their insurance. Continue reading »

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Jul 21

obamacare-symbol

- White House ‘Quietly’ Exempts 4.5 Million People In 5 “Territories” From Obamacare (ZeroHedge, July 20, 2014):

As WSJ reports, last week’s geopolitical chaos and distraction was ideal for a news dump, and the White House didn’t disappoint: On no legal basis, all 4.5 million residents of the five U.S. territories were quietly released from ObamaCare. It seems the costs of healthcare soared in these five territories due to uneconomic mandates – which woul dhave been a disaster PR-wise for the administration and so, under cover of catastrophe, WSJ reports all of a sudden last week HHS discovered new powers after “a careful review of this situation and the relevant statutory language,” that enabled them to ‘selectively exempt’ American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and Virgin Islands from Obamacare. And all while vacationing…

As WSJ reports, Continue reading »

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Jul 17

From the article:

“The unsubsidized cost of Obamacare for two 60-year old healthy adults ($23,244 annually) for an inferior plan to what we had before exceeds the cost of rent or a mortgage for the majority of Americans. Please ponder this for a moment: buying healthcare insurance under Obamacare costs as much or more as buying a house.”


- Why America’s Healthcare (Sickcare) System Is Broken and Unfixable (Of Two Minds, July 16, 2014):

Here’s a two-word summary of why the American healthcare system is fundamentally broken and cannot be fixed with policy tweaks: perverse incentives.

If you type sickcare in the custom search box on this site, you get 10+ pages of articles. I have covered healthcare/sickcare in depth for many years. I have many correspondents within the sector (doctors and nurses), and have paid the unsubsidized costs of insurance as an employer or as a self-employed worker for 30+ years. Continue reading »

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Jul 06

- Why Obamacare Is Pushing Up Health Insurance Premiums (ZeroHedge, July 6, 2014):

Now that Obamacare has been enacted, Americans across the nation are seeing their health insurance bills spiking, leading to what has been a documented slide in full-time hiring, a drop in consumer discretionary spending, not to mention stagnant and declining real wages. In short: a broad economic contraction (yes, yes, who could have possibly foreseen this).

But how is it that insurers set their prices? As Bloomberg explains, insurers are calculating what to charge for health plans in 2015, which is no simple task. Actuaries can’t easily forecast how often the millions of new Obamacare enrollees will go to a doctor. New federal rules and expensive drugs will also increase costs. Wrong guesses could wipe out profits.

Here is a quick and dirty way to understand why premiums are going up. Continue reading »

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Jun 30

Obamacare-summary


- Supreme Court Gives Obamacare Opponents Biggest Legal Victory Yet (ZeroHedge, June 30, 2014):

Moments ago the US Supreme Court – the same Supreme Court which two years ago upheld Obamacare but as a tax, something the administration has since sternly denied – dealt Obamacare its biggest legal blow to date, and alternatively handing Obamacare opponents their largest court victory yet, when in a 5-4 vote SCOTUS ruled that business owners can object on religious grounds to a provision of President Barack Obama’s healthcare law that requires closely held private companies to provide health insurance that covers birth control. Continue reading »

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Jun 26

- Feds Spent $4.8 Billion on Obamacare Exchanges So Far (The Washington Free Bacon, June 25, 2014):

Law provided ‘indefinite’ funding

The federal government has spent nearly $5 billion to establish federal and state exchanges for Obamacare, according to a report by the Congressional Research Service (CRS).

The funding was provided by a section of the Affordable Care Act that allowed for “indefinite” funding at the discretion of the Secretary of Health and Human Services (HHS). Continue reading »

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Jun 22

- The US Healthcare System: Most Expensive Yet Worst In The Developed World (Zerohedge, June 22, 2014):

One month ago we showed that when it comes to the cost of basic (and not so basic) health insurance, the US is by far the most expensive country in the world and certainly among its “wealthy-nation”peers (in a world in which indebtedness is somehow equivalent to wealth), which in the context of the irreversible socialization of American healthcare, was in line with expectations.

Cost of Healthcare_1

It would be logical then to think that as a result of this premium – the biggest in the world – the quality of the healthcare offered in the US among the best, if not the best, in the world. Unfortunately, that would be wrong and, in fact, the reality is the complete opposite: as a recent study by the Commonweath Fund, looking at how the US healthcare system compares internationally, finds, “the U.S. fails to achieve better health outcomes than the other countries, and as shown in the earlier editions, the U.S. is last or near last on dimensions of access, efficiency, and equity.” In other words: most expensive, yet worst in the developed world.

healthcare ranking 2

From the report: Continue reading »

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Jun 04

obamacare-symbol

1 In 4 Obamacare Signups Are Faulty – But, We Are Sure Obama Never Knew Anything About It Until Now (ZeroHedge, May 4, 2014):

While the administration unabashedly argued that they would not hand out taxpayer cash subsidies to anyone who didn’t verify income on… it seems once again, they lied. 9 months later and AP reports that 2 million of the Obamacare sign-ups have data discrepancies that could jeopardize coverage for some, a government document shows. Direct from the HHS itself, AP adds that several congressional committees are actively investigating the discrepancies, most of which involve important details on income, citizenship and immigration status. The farce is complete as no resolution looks likely anytime soon – “Current system access and functionality…limits the ability to resolve outstanding inconsistencies.” Of course, this is the first that Obama would have heard about it (from AP) and a probe of this SNAFU will begin immediately… Continue reading »

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Jun 02

Health-insurance-CEO-compensation

- Health insurance corporate CEOs rake in millions while the masses can barely afford premiums (Natural News, June 1, 2014):

One of the consequences of Obamacare is that health insurance company profitability is soaring, causing corporate CEOs of health insurance companies to pocket millions of dollars in annual salaries and bonuses. This is what happens when a government colludes with private industry to force the entire population to purchase a for-profit product that many don’t want (or need). Sales skyrocket and profits head for the stratosphere.

That’s why CEOs of the nation’s largest health insurance companies are raking in record salaries right now, earning as much as $90,000 per day:

Continue reading »

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Apr 02

Obamacare-delay

- Obamacare deadline date extended again, US citizens hesitant to sign up (Voice of Russia, April 1, 2014):

The deadline to enroll in Obamacare has been extended once again. One reason why the delay is happening is because US citizens are hesitating to sign up. In spite of recent allegations that Obamacare would not be postponed after March 31 of this year, the White House changed its mind last minute. According to a Washington Post report on March 25, the Obama Administration decided to allow for an extension on the open enrollment timeframe for two to three weeks in at least 36 states.

This brand new postponement is just another headache that has become yet another nightmare in the Patient Protection and Affordable Care Act. In the beginning, Obama gave an open enrollment period of six months to sign up for the universal healthcare act that has been coined Obamacare. Now, Americans are being given even more time to sign up, with the extension period being between two to three weeks for individuals.

Continue reading »

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Mar 31


Mar 31, 2014

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Mar 28

“By the skillful and sustained use of propaganda, one can make a people see even heaven as hell or an extremely wretched life as paradise.”
- Adolf Hitler


- Valerie Jarrett to Hollywood to Get Obamacare in Movie, TV Scripts (The Weekly Standard, March 26, 2014):

‘I’m a really good nag.’

A top of advisor to President Barack Obama is in Los Angeles to try to get Obamacare written into scripts of TV shows and movies. Valerie Jarrett explained in an appearance on Top That! on PopSugar.com:

“That’s the cool thing,” a host said to the presidential advisor. “You’ve been reaching out to people that are, you know, outside of the norm of what the president might work with. Who else are you working with? Like celebrities, personalities, things like that?”

Continue reading »

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Mar 27


Added. Mar 26, 2014

Description:

On March 26, 2014, Harry Reid said he never said ObamaCare stories – to his recollection – were lies.

One month earlier on Februry 26, 2014, Harry Reid said the “tales” were “made up from whole cloth, lies distorted by the Republicans…”

 

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Mar 21

FYI.



Added: Mar 21, 2014

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Mar 19

Obamacare-screws-middle-class

- Serfs Up – Average Healthcare Premiums Have Soared 39%-56% Post Obamacare (Liberty, Blitzkrieg, March 18, 2014):

It’s been a couple months since I last updated readers on the epic disaster that is Obamacare. In case you need a refresher, here is the last article I published on the law: Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes.

Moving along, we now have some details on the average premium increase for non-Obamacare health plans following the implementation of the law, and the results are not pretty. According to a cost report from eHealthInsurance, premiums have increased by between 39%-56%.

More from The Washington Examiner:

Americans buying health insurance outside the new Obamacare exchanges are being forced to swallow premiums up to 56 percent higher than before the health law took effect because insurers have jumped the cost to cover all the added features of the new Affordable Care Act.

Continue reading »

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Mar 09


YouTube Added: Mar 8, 2014

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Mar 07


YouTube Added: Mar 6, 2014

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Mar 05

- White House Set To Extend Obamacare Deadline By 1 Year (ZeroHedge, March 5, 2014):

With the world distracted by Putin and ICBM launches, The White House, according to the WSJ, is about to extend Obamacare deadlines by another year:

  • *U.S. MAY GRANT 1-YR EXTENSION ON HEALTH LAW REQUIREMENTS: WSJ
  • *WSJ CITES INDUSTRY OFFICIAL ON INSURANCE COS., HEALTH CARE LAW

Allowing insurers to keep selling policies that do not meet standards for another year. It seems, if you like your healthcare policy, you can keep it for one more year… (most importantly past the Midterms)

Via WSJ,

The Obama administration plans to allow insurers to continue selling policies that don’t meet the federal health law’s requirements for at least another year, an insurance industry official confirmed Tuesday.

Continue reading »

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Mar 02


YouTube
Continue reading »

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Feb 28

- Obamacare: Now Appearing On Your Restaurant Bill (ZeroHedge, Feb 27, 2014):

That the bulk of Americans (especially those 4+ million whose insurance policies have recently been cancelled as a result of the ACA) have to pay more for healthcare as a result of Obamacare, is now largely accepted and well-known. But did you know that the cost of Obamacare is slowly metastasizing to other places? Such as your restaurant bill.

Presenting Exhibit A.

ACA Surcharge

From CNN:

Several restaurants in a Florida chain are asking customers to help foot the bill for Obamacare. Diners at eight Gator’s Dockside casual eateries are finding a 1% Affordable Care Act surcharge on their tabs, which comes to 15 cents on a typical $15 lunch tab. Signs on the door and at tables alert diners to the fee, which is also listed separately on the bill.

Continue reading »

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Feb 16

- One Fifth of Obamacare Enrollees Have Not Paid Their First Premium (Freedom Outpost, Feb 15, 2014):

Two days ago, the Department of Health and Human Services reported that the number of Americans who have selected an Obamacare plan has reached 3.3 million.

Note the choice of words, though – “selected” does not mean “enrolled.”

Selected simply means a plan was chosen on one of the exchanges. The insurance industry uses the term “enrolled” after a customer has paid their first premium.

The administration’s use of the word “selected” is smoke and mirrors.

Now that we’ve clarified that, how many people have paid their first Obamacare premium and are officially enrolled?

Continue reading »

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Feb 13

Dr. Armentano is professor emeritus in economics at the University of Hartford and the author of Antitrust and Monopoly(Independent Institute, 1998) and Antitrust: The Case for Repeal (Mises Institute, 1999). His first workplace experience was picking strawberries at a commercial farm for 6 cents a basket in the 1950s.

- Obamacare: Repeal is not Impossible (Lew Rockwell, Feb 12, 2014):

by Dominick Armentano

Obamacare was sold to the American people as a humanitarian attempt to provide health insurance to the poor and to individuals with a pre-existing medical condition who had been denied coverage. If you were not poor, did not have a pre-existing condition, and already had health insurance and were satisfied with its coverage and rates, you were repeatedly assured that you could keep your plan and doctors. Right.

We now know that the selling of Obamacare was a giant con job. After all, if its proponents had really been sincere, they would have argued that the alleged poor simply be provided vouchers (similar to food stamps) to help purchase insurance; further, a simple one-sentence piece of legislation could have required that insurance companies not automatically exclude potential customers based on some pre-existing medical condition. Done deal. Instead, what we all got smacked with was a 906 page regulatory and tax monstrosity that amounts to a federal makeover and takeover of the entire health care industry.

Continue reading »

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Feb 11

- There It Is: Obamacare Employer Mandate Delayed For Companies With Under 100 Employees (ZeroHedge, Feb 10, 2014):

Just as we predicted it would happen, here it comes:

  • OBAMACARE EMPLOYER MANDATE TO BE DELAYED FOR SOME COMPANIES

Specifically, according Bloomberg, businesses with 50-99 workers have until 2016 before being penalized for not providing health-care coverage to full-time workers, according to final regulations released by Treasury.

Additionally, businesses with 100 employees or more must offer coverage to at least 70% of full-time workers in 2015 and 95% in 2016; those that don’t will face penalty;  Exemption in place for seasonal workers, those defined as generally at jobs 6 mos. or less/yr “While about 96 percent of employers are not subject to the employer responsibility provision, for those employers that are, we will continue to make the compliance process simpler and easier to navigate,” Asst Secretary for Tax Policy Mark J. Mazur says in statement e-mailed by Treasury. Furthermore, businesses with less than 50 employees are not required to provide coverage or fill out any forms in 2015.

Sure enough, the republicans were ready at the trigger:

Continue reading »

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Feb 04

obamacare-symbol

- Obamacare To Crush Workforce By 2.5 Million Workers In Next Decade, CBO Admits (ZeroHedge, Feb 4, 2014):

When the “impartial” Congressional Budget Office first attempted to predict the impact on the US labor force as a result of the administration healthcare ponzi scheme, also known affectionately as Obamacare and less affectionately by other names, it estimated that 800,000 Americans would drop out of the labor force by 2021. Moments ago it just revised that projection, admitting that it was off by the usual 100% or so: the hit to the US labor force due to Obamacare is now estimated to soar to 2.3 million through 2021, and furthermore the CBO just admitted that the enrollment rate will be dramatically below the White House’s baseline estimates, with 2 million fewer people signing up this year than previously estimated.

In brief, as the CBO admits (before it is forced to adversely reduce the numbers once more) the law will lead to 2 million fewer workers in 2017, 2.3 million in 2021 and 2.5 million through 2024. This represents a 1.5% to 2.0% reduction in the numbers of hours worked. As the WSJ recalls, CBO last year projected 7 million people would enroll for health insurance through health care exchanges in 2014, but Tuesday it said technical problems that plagued the program’s rollout forced it to lower its estimate by 1 million people. Continue reading »

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Feb 04

doctor-held
Dr. Kristin Held

- Doc Gives Obamacare Mega Smackdown: “We Choose Dignity and Personal Service Over Disrespect” (SHFTPlan, Feb 3, 2014):

After having been shoved down the throats of Americans despite a massive effort by the public to stop it, Obamacare has already shown its true colors. From the near impossibility of signing up via the much touted healthcare.gov web site to skyrocketing insurance costs for working Americans, everything about the new legislation, ironically dubbed the Patient Affordable Care Act, has been a complete failure.

And it’s not just insurees and patients who are at wits end. Joining the non-compliance movement against a government hell-bent on controlling every aspect of Americans’ live, doctors across the country are starting to stand up against the new mandates.

President Obama, Congress, and the insurance companies likely figured they’d have the support of America’s medical community, but if the following letter from Dr. Kristin Held (pictured)  to insurance provider Aetna is any indication, the nation’s health care system could well be on the brink of disaster.

Continue reading »

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Jan 28

obamacare-symbol

- Democratic Congressman Admits Obamacare Won’t Work (After Announcing Retirement) (ZeroHedge, Jan 27, 2014):

“I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially,” warned Democrat Virginia Representative Jim Moran. The Democrat, as The Daily Caller reports, seemingly daring to break ranks with his peers, added that he understood Millennial lack of signing up as “frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young.” This stunning declaration, of course, fits with the narratives that most mathematically-capable human beings can comprehend but starkly refutes the hopes and dreams of the President’s healthcare policy… The reason that Jim Moran could be so honest… after 12 terms of toeing the lying line, he has announced his retirement.

Via The Daily Caller,

A top House Democrat slammed Obamacare’s inability “to work” — but only after he announced his impending retirement from Congress.

Continue reading »

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Jan 23

obamacare-symbol

- Obamacare Strikes Again: Target Drops Part-Timers From Healthcare Plan (And Fires Others Just In Case) (ZeroHedge, Jan 22, 2014):

Effective April 1st, Target announced to day that it would no longer offer healthcare coverage to its part-time employees. As The Hill reports, Target’s HR executives ‘spun’ the decision as good for the employees…”by offering them insurance, we could actually disqualify many of them from being eligible for newly available subsidies that could reduce their overall health insurance expense.” The company will provide a $500 cash payment to “minimize disruption,” and specifically calls out Obamacare as “providing new options… that we believe our part-time members may prefer.”Of course, just for good measure, Target is cutting 475 jobs and chooing not to fill a further 700 open positions – again, we presume, to minimize disruption (to their bottom line). Continue reading »

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Jan 20

- Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes (Liberty Blitzkrieg, Jan 20, 2014):

The hits just keep on coming for ObamaCare. It was less than two weeks ago that I highlighted the potential premium rate death spiral that ObamaCare faces due to the fact that only old and sick people are signing up for the program. Now it seems there are further security related concerns plaguing the site, as cyber-security expert David Kennedy recently claimed that “gaining access to 70,000 personal records of Obamacare enrollees via HealthCare.gov took about 4 minutes.”

It’s actually hard to be this incompetent if you tried.

More from the Washington Times:

Continue reading »

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Jan 11

obamacare-symbol

- Humana Warns of “‘Adverse ObamaCare Enrollment Mix” (Liberty Blitzkrieg, Jan 10, 1014):

Thought the incredibly unpopular Obamacare health plan (the most epic disaster story was the woman who was touted as a success and then later kicked off her plan) had put most of its problems behind it? Think again. Yesterday, after the stock market close, health insurer Humana warned that the “risk mix” of those who have signed up for the program will be “more adverse than previously expected.”

In plain english what this means is that only old and sick people are signing up, while younger generations with piles of student debt, a couch in their parents’ basements and no jobs decide to ride things out uninsured.

Honestly, I can’t blame them, as I just received my own 12% rate hike the other day. Happy New Year to you too Barry.

From Investor’s Business Daily:

Humana said the “risk mix” of its ObamaCare exchange members will be “more adverse than previously expected,” the latest evidence that the health reform is attracting older, sicker Americans than originally projected.

Continue reading »

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Jan 10

obamacare-symbol

- Fed Hints At Reason For QE5: Obamacare (ZeroHedge, Jan 10, 2014):

While excess risk-taking and broken markets likely dominate their thinking, the ‘real economic recovery’ meme the Fed is using to enable them to ‘taper’ their excesses. However, investors remain assured that if things get worse once again then the Fed will crank the presses and save the assets. It seems they have found their new excuse – no matter what…

  • *LACKER EXPECTS ‘A LOT OF TURMOIL’ IN HEALTH CARE INDUSTRY
  • *LACKER SAYS FED WILL BE WATCHING HEALTHCARE CLOSELY IN NEXT FEW YEARS

So, despite admitting asset-bubbles, fears over stock-multiples and excessively easy lending; the Fed will launch QE5 when Obamacare drags the US economy into trouble

  • LACKER SAYS HEALTHCARE ACT COULD HAVE SUBSTANTIAL ECONOMIC IMPACT, SMALL BUSINESS LOOKING FOR HOW BEST TO HANDLE

But – that’s not what Obama said!

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