Oct 15

obamacare-symbol

- Obamacare likely to cost $300 billion more than thought – Congressional Budget Office (RT, Oct 14, 2014):

The real cost of Obamacare will be hundreds of billions of dollars more than expected, Republican members of the Senate Budget Committee now say, and will greatly increase the federal deficit during the next decade.

Contrary to claims made by the White House, United States President Barack Obama’s hallmark health care plan will actually have a tremendous toll on the government, GOP members of the SBC committee allege in a new report.

According to an analysis of data received by the Congressional Budget Office, Senate Republican say so-called Obamacare won’t reduce the federal budget deficit by $180 billion by 2019 as predicted, but will actually set the US back another $131 billion in the hole. Continue reading »

Tags: , , , , , , ,

Oct 07

walmart

- Walmart Ends Healthcare Benefits For Workers Under 30 Hours (ZeroHedge, Oct, 7, 2014):

Under the title (only-a-PR-person-could-make-up) “Providing Quality Benefits for Our Associates,” Walmart – who employs 1.3 million people in America, has changed its eligibility standards for healthcare benefits. “Like every company,” they explain “Walmart faces rising healthcare costs,” and so are ending benefits for associates who work less than 30 hours a week. Continue reading »

Tags: , , , , ,

Sep 25

obamacare-symbol

- Obamacare Website Costs Top $2 Billion, Almost Triple Government Estimates (ZeroHedge, Sep 25, 2014):

What’s the opposite of government efficiency? In a double-take-instigating headline, the federal government’s Obamacare enrollment system has cost about $2.1 billion so far, according to a Bloomberg Government analysis of contracts related to the project. BGOV’s analysis shows that costs for both healthcare.gov and the broader reform effort are far greater than anything publicly discussed. However, that pales into insignificance when considering health reform has cost American taxpayers $73 billion in the last four years… and counting.

As Bloomberg reports, Continue reading »

Tags: , , , , , , ,

Aug 30

obamacare-symbol

- CBO: Obamacare Discourages Work (ZeroHedge, Aug 29, 2014):

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have some facts. A week ago we noted that the Philly Fed found that Obamacare was a disaster for business, and now no lessor entity than the Congressional Budget Office (CBO) is out with its latest forecasts, concluding “certain aspects of the Affordable Care Act will tend to reduce labor force participation.”

20140828_CBO

Via Kevin Hall of TownHall.com,

the CBO does write, though, is that one of the downward pressures on the labor force is Obamacare. As the report finds: Continue reading »

Tags: , , , , , ,

Aug 22

Obamacare-screws-middle-class
Mission accomplished!

- Obamacare Is A Disaster For Businesses, Philly Fed Finds (ZeroHedge, Aug 21, 2014):

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof.

As the Philly Fed, which mysteriously soared at the headline level even as the vast majority of its components tumbled, reported moments ago, “in special questions this month, firms were asked qualitative questions about the effects of the Affordable Care Act (ACA) and how, if at all, they are making changes to their employment and compensation, including benefits.”

What the survey found was very disturbing: not only did businesses report that as a result of Obamacare the number of workers they employ is lower than higher (18.2% vs 3.0%), that there has been an increase in part time jobs (18.2% higher vs 1.5% lower), leading to a big increase in outsourcing and most importantly, Obamacare costs are being largely passed on to customers (28.8% reporting higher vs 0.0% lower), the punchline was that while there is basically no change in the number of employees covered (17.6% higher vs 14.7% lower and 67.6% unchanged), there has been a big jump in Premiums, Deductibles, Out-of-pocket maximums, and Copays, which has been “matched” by a far greater reduction in the range of medical coverage and the size of the network.

In short a disaster. Continue reading »

Tags: , , , , , , , ,

Aug 09

obamacare-symbol

- Former Obamacare Boss Admits She Deleted Emails Sought By Congress (ZeroHedge, Aug 8, 2014):

On the bright side, Marilyn Tavenner – appointed by President Obama to take over CMS within the Department of Health and human Services in 2013 – did not suffer a hard-drive crash. However, as MSNBC reports, she may be unable to cooperate with House Oversight and Government Reform Committee subpoenas because she deleted emails.

As MSNBC reports,

A team of HHS officials is now working to reconstruct Tavenner’s inbox by collecting emails from people she typically corresponded with and through other methods. They expect to recover “most, but not all” of Tavenner’s emails, the letter adds. Continue reading »

Tags: , , , , , , , ,

Jul 26

Obamacare12

- ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare (Liberty Blitzkrieg, July 25, 2014):

Although it hasn’t been a focus for a while, the incompetent disaster that has been the ObamaCare rollout has been well documented on this site.

Here are just a few posts on the subject: Continue reading »

Tags: , , , , , , ,

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 »

Tags: , , , , , , , ,

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 »

Tags: , , , , , , , ,

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 »

Tags: , , , , , , , ,

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 »

Tags: , , , , , , ,

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 »

Tags: , , , , , , , , ,

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 »

Tags: , , , , , , ,

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 »

Tags: , , , , , , ,

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 »

Tags: , , , , , , , , ,

Apr 30

- If It Wasn’t For Obamacare, Q1 GDP Would Be Negative (ZeroHedge, April 30, 2014):

Here is a shocker: for all the damnation Obamacare, which according to poll after poll is loathed by a majority of the US population, has gotten if it wasn’t for the (government-mandated) spending surge resulting from Obamacare, which resulted in the biggest jump in Healthcare Services spending in the past quarter in history and added 1.1% to GDP …

Healthcare Quarterly

… real Q1 GDP (in chained 2009 dollars), which rose only $4.3 billion sequentially to $15,947 billion, would have been a negative 1.0%!

Continue reading »

Tags: , , , , , , , , ,

Apr 30

- GDP Shocker: US Economic Growth Crashes To Just 0.1% In Q1 (ZeroHedge, April 30, 2014):

Despite consensus at 1.2% growth QoQ, the “weather” destroyed the fragile stimulus-led economy of the US which managed only a de minimus +0.1% QoQ growth (the lowest since Q1 2011). However, as Steve Liesman noted on the heels of Mark Zandi’s comments “basically ignore this number” – ok then. Spending on Services, however, surged by the most since 2000 – heralded as great news by some talking heads – but is merely a reflection of the surge in healthcare and heating costs (imagine if it had not been cold and if Obamacare hadn’t saved us). As a reminder – this is the growth that is occurring as QE has run its course, as stimulus ends, and as escape velocity nears… if the “weather” can do this much damage to the US economy, should stocks really be trading at the multiple of exuberant future hope that they are?

Oops!

20140430_GDP

The full breakdown of GDP components: Continue reading »

Tags: , , , ,

Apr 17

Paul-Krugman-Keynesians-Fail

- Krugman, Who Is Paid $25,000/Month To Study Inequality, Says “Nobody Wants Us To Become Cuba” (ZeroHedge, April 17, 2014):

When it comes to Krugman’s views on any particular topic, he may be right and he may be wrong, but whatever his opinion he always has a much to say about it (even if the factual backing is of secondary importance or outright missing). Today, his chosen topic is inequality, and in an interview with Bloomberg’s Tom Keene, shown and transcribed below, he certainly says much, encapsulated perhaps by the following gem:

“There’s zero evidence that the kind of extreme inequality that we have is good for economic growth. In fact, there’s a lot of evidence that it is actually bad for economic growth. Nobody wants us to become Cuba. The question is, do we have to have levels of inequality that are getting close to being the highest levels ever anywhere. We’re really starting to set new records here. Is that a good thing for anybody? If you look at our own history, it’s not true. The fact of the matter is since inequality began soaring around 1980, the bottom half of America has been pretty much left behind. It has not been a rising tide that raised all boats.”

Continue reading »

Tags: , , , , , , , , , ,

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 »

Tags: , , , , , , , ,

Mar 31


Mar 31, 2014

Tags: , , , , , , , ,

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 »

Tags: , , , , , , , , ,

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…”

 

Tags: , , , , , , , ,

Mar 22

- Friday Humor: Obamacare’s Latest Target Audience: The Liberal Tea Party (ZeroHedge, March 20, 2014):

Forget easy women, keg-standing frat-boys, and Richard Simmons twerking; this has to be the oddest mixed message marketing by the administration yet…

Dont Tread On My Obamacare-1

Perfect for the back of your VW Beetle… Continue reading »

Tags: ,

Mar 21

FYI.



Added: Mar 21, 2014

Tags: , , , , , , ,

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 »

Tags: , , , , , , , , ,

Mar 09


YouTube Added: Mar 8, 2014

Tags: , , , , , , ,

Mar 07


YouTube Added: Mar 6, 2014

Tags: , , , , , , , , , , ,

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 »

Tags: , , , , , , ,

Mar 02


YouTube
Continue reading »

Tags: , , , , , , ,

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 »

Tags: , , , , , , , ,