Tuesday, January 31, 2017

ACA/Obamacare: A Scheme Consolidating Other Schemes

“Unwise public policies have allowed this market [ACA] to become a dumping ground for people who are older and sicker than average. The states were allowed to end their high-risk pools and send their enrollees to the exchanges. The federal government did the same thing with the (Obamacare) risk pool (the Pre-Existing Condition Insurance Plan). Cities and counties are ending their post-retirement health care programs (which are almost always unfunded) and sending people to the exchanges, where they pay premiums that are well below the cost of their care thanks to limited age rating. That includes, for example, 8,000 former employees of the city of Detroit.” - How We Can Repeal the ACA and Still Insure the Uninsured, Independent Institute, 01/20/2017

Link to the entire article appears below:

http://www.independent.org/newsroom/article.asp?id=8979

Wednesday, January 25, 2017

ACA/Obamacare: Price as a Signal

“In the employer-sponsored market, costs continue to increase. According to the Kaiser Family Foundation, average family premiums for employer-sponsored plans have increased almost 32 percent from 2010-2016.

In the individual market, where the bulk of Obamacare’s new rules and regulations have taken effect, the average nationwide premium increase has been 99 percent for individuals and 140 percent for families from 2013-2017, according to an eHealth report.

Deductibles keep rising, too, especially for Obamacare exchange plans. According to an analysis by HealthPocket, the average deductible for a bronze plan in 2017 is $6,092 for an individual and $12,383 for a family. The average silver plan deductible for an individual is $3,572 and $7,474 for a family.” - 8 Reasons Why Obamacare Should Be Repealed, daily signal.com, 01/23/2017


Link to the entire article appears below:

http://dailysignal.com/2017/01/23/8-reasons-why-obamacare-should-be-repealed/?utm_source=TDS_Email&utm_medium=email&utm_campaign=MorningBell&mkt_tok=eyJpIjoiWVRVMFltWTJORGxtTkRFMyIsInQiOiJ5Z3hKTlNCSlVtNk9PTG5jM3RYQVNlSDhQU0U5N0Z6RHBxNUtHNnhrQmN6RG1tVVlXbnpHdGppMHY2TnlqQWZsSVJxeG5GUjE1Z0VudDdcL1E0c2RxSzcyYTdYSDE5eVArYnFjeGlhQjFxR0IyQjZMaUlIckJ2U0E0T1NvU2JFcGkifQ%3D%3D



ACA/Obamacare: The Death Spiral of Rising Prices

Saturday, January 21, 2017

ACA/Obamacare: The Beginning of the End

‘Hours after taking the oath of office, President Donald Trump followed up on his campaign pledge to try to start chipping away at Obamacare, and curb federal regulations.

Trump signed an executive order on Friday evening from the Oval Office “to ease the burden of Obamacare as we transition to repeal and replace,” White House press secretary Sean Spicer told reporters Friday.’

‘“Potentially the biggest effect of this order could be widespread waivers from the individual mandate,” Larry Levitt, a senior vice president at the Kaiser Family Foundation, told The Washington Post. Currently, individuals who do not have health insurance and do not qualify for an exemption must pay a $695 annual fee or up to 2.5 percent of annual household income.

“They’re very aware of the fact that the first job is to prevent the Affordable Care Act from doing more damage than it’s already done,” says Ed Haislmaier, a senior research fellow in health care policy at The Heritage Foundation. “As we saw with the premium increases in the fall, people who are buying individual or small employer coverage without a subsidy are getting hammered.”’ - Trump Signs Executive Order Curbing Obamacare, daily signal.com, 01/20/2017

Link to the entire article appears below:


http://dailysignal.com/2017/01/20/trump-signs-executive-order-curbing-obamacare/?utm_source=TDS_Email&utm_medium=email&utm_campaign=Top5&mkt_tok=eyJpIjoiWkdVM00yUXpNbVUwT0RZNSIsInQiOiJ6REZKMWNcLytNMm8zc2lXa29kMXdcL1NRYXVGbVQ5RGtpdGxcL3p3d1JPc1ZyRkpQcUw1RE4welB5bVZMS2tQUkU3Y01hUzRseVhBSVRDYUpkNjlOUTZkU2N5eXZXVjNkSUVmOXg3YXdwbFc0SFwvRUpoWk9OcEtGN3VDVlVuaFNicHhtWDIyY2tiMjBCbG84MnBacjBUUEF3PT0ifQ%3D%3D

Sunday, December 18, 2016

ACA/Obamacare: About Those Skyrocketing Premiums and Their Relationship To the Skyrocketing “Tax Credit” [Taxpayer Money]….

‘Taxpayers will spend $9.8 billion more on Obamacare subsidies next year than this year due to double-digit increases in premiums, according to a report from the Center for Health and Economy.

The Obama administration announced in October that Obamacare premiums were set to increase by double digits, increasing at a faster rate than they have in the past.

“For the median HealthCare.gov consumer, the benchmark second-lowest silver plan premium is increasing by 16 percent this year, before taking into account the effects of financial assistance,” the administration said. According to the center, the silver benchmark plan premiums will increase by 22 percent.

The administration rarely admits that taxpayer subsidies are increasing to cover rising costs, although they often tout those subsidies for protecting Obamacare customers from higher premiums.

Of the 11.1 million individuals enrolled in Obamacare last year, 9.4 million received tax credits averaging $291. The report estimates that $32.8 billion was spent last year on tax subsides for Obamacare premiums.

“Because of the distributions of the population in the marketplace and the lack of household income growth to match premiums, we expect the average monthly tax credit to increase by 26 percent to $367,” the report said. “If we assume that the proportion of enrollees receiving premium tax credits remains the same from 2016 to 2017, then the expected federal spending on premium tax credits for 2017 would be $42.6 billion.”- Obamacare Tax Subsidies Will Increase by $9.8 Billion Due to Premium Hikes


Tax credit spending will rise to $42.6 billion in 2017 from $32.8 billion in 2016,

freebeacon.com, 12/16/2017
Link to the entire article appears below:

http://freebeacon.com/issues/obamacare-tax-subsidies-will-increase-9-8-billion-due-premium-hikes/


 


 


Wednesday, December 14, 2016

ACA/Obamacare: Happy Holidays Maryland!

“Only four of the original 24 Obamacare health co-ops remain standing after Maryland’s co-op announced Dec. 8 it was suspending the sale of individual health insurance policies, the Daily Caller News Foundation Investigative Group has found.

With the near-collapse of Maryland’s co-op — called Evergreen Health — at least 989,000 individuals nationwide have lost their health insurance coverage when the nonprofit co-ops stopped selling insurance to customers, according to TheDCNF’s tally.

The losses cost taxpayers at least $2.2 billion in upfront federal loans awarded by the Obama administration to 24 nonprofit co-ops under Obamacare. The co-ops were intended to help keep health care costs down by providing non-profit competition with commercial for-profit insurers.

The losses do not include statewide costs where the state or local governments were forced to cover doctor and hospital bills that the failed co-ops could not pay from remaining revenues.


In many cases, those losses were substantial. In New York alone, state taxpayers face at least $200 million in costs owed to medical providers that the bankrupt Health Republic co-op could not cover, according to the Albany Business Review.

Evergreen Health had hoped to find a for-profit partner to bail it out of its precarious financial situation. It owes the federal government $22 million in risk payments, and is unable to cover it, according to the Baltimore Business Journal.

About 9,000 individual customers who went with the co-op out of 264,000 who signed up for all Obamacare health insurance programs available in the state, according to the Baltimore Sun. All 9,000 are being dropped and must find new health insurance coverage during the holiday season.” - Repealing Itself? Only Four of 24 Obamacare Co-Ops Remain Open, dailycaller.com, 12/12/2016

Link to the entire article appears below:

http://dailycaller.com/2016/12/12/repealing-itself-only-four-of-24-obamacare-exchanges-remain-open/











 

Sunday, December 4, 2016

ACA/Obamacare: Repeal via the Legislative Tool Known as “Reconciliation”

‘Now, following Trump’s defeat of Democratic presidential nominee Hillary Clinton, Republicans are laying the groundwork for dismantling the Affordable Care Act next year.

“I don’t think it’s going to be a sentence-per-sentence destruction of the bill, but I do think that substantial chunks of it are in really grave danger,” Seth Chandler, a visiting scholar at George Mason University’s Mercatus Center and a professor at the University of Houston Law Center, told The Daily Signal.

Republicans need 60 votes in the Senate to pass a bill repealing the health care law and would fall short of that threshold in the new Congress, where the GOP will hold at least 52 seats.

But GOP lawmakers are likely to use a budget tool called reconciliation—a procedure used in the Senate that allows a bill to pass with 51 votes—to roll back key provisions of Obamacare and avoid a Democratic filibuster.

The GOP-led House and Senate passed a budget resolution last year that included instructions to use reconciliation to repeal Obamacare and were ultimately successful in getting it to Obama’s desk, where it was vetoed.

The bill called for the repeal of the individual and employer mandates, Medicaid expansion, tax credits, medical device tax, and Cadillac tax. It also stripped the government of its authority to run the exchanges set up under the law and lessened the fine for failing to comply with the mandates to $0, which was needed to abide by Senate rules.

GOP leaders in the House and Senate haven’t committed to using reconciliation again next year to dismantle the Affordable Care Act, but House Speaker Paul Ryan said Wednesday the law is “collapsing under its own weight.”

“This Congress, this House majority, this Senate majority has already demonstrated and proven we’re able to pass legislation and put it on the president’s desk,” Ryan, R-Wis., said during a press conference. “Problem is, President Obama vetoed it. Now, we have a President Trump who has promised to fix this.”’ - How Republicans Can Start to Dismantle Obamacare With a Trump Presidency, dailysignal.com, 11/09/2016

 

Link to the entire article appears below:

http://dailysignal.com/2016/11/09/how-republicans-can-start-to-dismantle-obamacare-with-a-trump-presidency/?utm_source=TDS_Email&utm_medium=email&utm_campaign=MorningBell&mkt_tok=eyJpIjoiWkRabFlXWXdOV1F5WXpGaiIsInQiOiJZeEkyQ1RhanVSOWMyWTlKTmRPTXEzbTg0RXRFM1daZU5LcFFoK3JPK090cG5UVmNYWjhIQ3FvZUJpc2NJK1ZRMStqT0xjM1FHSlhCU3lVRWQ4TGJHOWJiNTloajdPVlpwaytyOGhXYUZDQT0ifQ%3D%3D