- 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)
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.
- 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.
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.
- 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?
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.
- 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:
- 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 »
- 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.
- 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.
A top House Democrat slammed Obamacare’s inability “to work” — but only after he announced his impending retirement from Congress.
- 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 »
- Peter Schiff Destroys The “Deflation Is An Ogre” Myth (ZeroHedge, Jan 22, 2014):
Submitted by Peter Schiff via Euro Pacific Capital,
Dedicated readers of The Wall Street Journal have recently been offered many dire warnings about a clear and present danger that is stalking the global economy. They are not referring to a possible looming stock or real estate bubble (which you can find more on in my latest newsletter). Nor are they talking about other usual suspects such as global warming, peak oil, the Arab Spring, sovereign defaults, the breakup of the euro, Miley Cyrus, a nuclear Iran, or Obamacare. Instead they are warning about the horror that could result from falling prices, otherwise known as deflation. Get the kids into the basement Mom… they just marked down Cheerios! Continue reading »
- 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:
- 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.
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.
- 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!
- $292 Million Down The Drain: White House Fires Main Obamacare IT Contractor (ZeroHedge, Jan 10, 2014):
Proving once again that if you want something done wrong, and preferably at massive cost overruns, then just leave it to the government, moments ago news broke that the main IT contractor behind the embarrassment that is healthcare.gov – CGI Federal – has been fired. Who could possibly foresee this? Well, anyone who had actually done some diligence on the clusterfuck that is CGI Federal, and which as WaPo profiled some time ago, “is filled with executives from a company that mishandled at least 20 other government IT projects, including a flawed effort to automate retirement benefits for millions of federal workers, documents and interviews show.” Make that 21. “A year before CGI Group acquired AMS in 2004, AMS settled a lawsuit brought by the head of the Federal Retirement Thrift Investment Board, which had hired the company to upgrade the agency’s computer system. AMS had gone $60 million over budget and virtually all of the computer code it wrote turned out to be useless, according to a report by a U.S. Senate committee.” Sounds like the perfect people to hire in order to make a complete disaster out of the Obamacare portal – almost as if by design.
But the best news? Obama’s little tryst with CGI Federal cost US taxpayers only $292 million. As Vanity Fair revealed recently, “According to congressional testimony, CGI stands to be paid $292 million for its work on healthcare.gov.” And since the CGI replacement will eventually redo everything from scratch, this is $292 million that Obama may have as well burned.
We jest, but the incest between the Obama administration and CGI will one day be probed. According to recent revelations the ties run deep: Continue reading »
- Charlie Rangel: “Cult” Tea Party Push To Repeal Obamacare Is Sign of Mental Illness (Last Resistance, Jan 1, 2014):
Charlie Rangel is the 83-year-old Democrat Congressman from New York. He said that tea partiers must be sick in the head for wanting to “take down the country” by repealing Obamacare. I mean, who in their right mind would want to repeal a law that’s yielded one success story after another?
“I understand Democrats, and I used to understand Republicans. There is something going on in this country that I don’t understand and that’s the Tea Party. I have never met or dealt with politicians that don’t mind losing, that don’t mind taking down their party, the Republican Party, or their speaker or the country – or the president or the party for that matter. And so, politics is changing for me at this late age, to have to deal with a cult-type of group of people…
“When a handful of people can control a larger number of people, to repeal a law that has been passed by the House, the Senate, and declared constitutional by the courts – and they campaign on the issue that it should be repealed – this is past Civics 101. This is illness.”
Only a mentally healthy person would want government to intervene in everyone’s lives from cradle to grave. That’s “normal.” Only one of sound mind would be OK with government taking over the “health” and insurance industry, causing costs to skyrocket and quality to sour, because that is good and fair for us and our country. Any attempt to curtail the growth or involvement of government is a sign of mental illness. Continue reading »
YouTube Added: Nov 25, 2013
IT’S ACTUALLY REAL NOW!! OBAMACARE OPPOSERS WILL GET THEIR HEADS CUT OFF BY GUILLOTINE. THE LINKS ARE BELOW. SEE FOR YOURSELF.
DID YOU KNOW OBAMA GAVE PRINCE WILLIAM FULL OWNERSHIP OF OBAMACARE?? http://www.bizpacreview.com/2013/07/0…
ICD 9 E 978 “Legal Execution”
All executions performed at the behest of the judiciary or ruling authority [whether permanent or temporary] as: asphyxiation by gas beheading, decapitation (by guillotine) capital punishment electrocution hanging poisoning shooting other specified means
Yikes! What sort of medical treatment is this?
Ruling authority? A Temporary Ruling Authority engaged in decapitations by guillotine? What sort of nonsense is this? Exactly what is our government planning? And why is this billable under Obama Care? Exactly who would be submitting this bill? Is the “ruling authority” going to be paid for these beheadings by the Affordable Care Act (aka Obama Care)?
look what else is in obamacare
- ICD 9: International Medical Coding and “Legal” Execution Brought Under Obamacare (Freedom Outpost, Nov 18, 2013)
- Obamacare Goes Live Today: Here Is The Next Big Problem (ZeroHedge, Jan 1, 2014):
Obamacare officially went live at midnight. This means that 2.1 million Americans (the latest enrollment number provided by the administration) will be given a chance to exercise their new plans at hospitals and clinics across the country (it was unclear what the latest number of Americans kicked off their existing plans was most recently: the tally was 4.0 million as of mid-November and it is fair to assume it has risen since then). And then the real glitches will begin.
We reported two weeks ago that navigating the healthcare.gov labyrinth successfully and “signing up” for Obamacare is one thing; actually activating coverage by making a payment is something totally different. We added that “if people don’t pay by Dec. 31, insurers may end up stuck with a disproportionate number of sicker and costlier customers.”
It is this “shock” realization that one’s Obamacare plan is not active until after the healthcare service has been rendered, that may hit as many as 50% of all enrollees, which means that of the 2+ million Americans who believe they have coverage, up to 1 million is about to be served with a bill which they can’t afford. This also happens to be the main story across various media outlets today.
First, The Hill:
- Obamacare Rollout COO Retires “After 41 Years Of Outstanding Public Service” (ZeroHedge, Dec 30, 2013):
The COO of the Centers for Medicare and Medicaid Services, who supervised the disastrous rollout of Obamacare, is retiring. Michelle Snyder is the second official to depart the
sinking shipCMS following CIO Tony Trenkle’s resignation in November. While in charge of day-to-day activities, the allocation of resources, and “standing up new programs and activities required by the Affordable Care Act,” the NY Times reminds readers that Kathleen Sebelius said “Michelle Snyder is not responsible for those debacles.” We can only wonder at the retirement package this 41-year veteran will receive…
The No. 2 official at the Centers for Medicare and Medicaid Services, who supervised the troubled rollout of President Obama’s health care law, is retiring, administration officials said Monday.