This Time People Won’t Ignore the #ACA Trainwreck

 Barack Obama, Health Care Reform  Comments Off on This Time People Won’t Ignore the #ACA Trainwreck
Mar 202014
 

Mitt Romney was right. Www.parkfamilyinsurance.com – (hint, hint, my day job) was right. IN 17 years of doing insurance, Government interference has been the number one cause of instability.

And, it continues:

Earlier This Month, The Obama Administration Finalized Rules Pushing The ObamaCare 2015 Enrollment Period Past This Year’s Midterms. “The new rules also formalize a delay in next year’s open-enrollment window and extend that window by a month. Enrollment will begin Nov. 15 and run through Feb. 15.” (Sam Baker, “Another ObamaCare Delay,” National Journal, 3/5/14)

  • The Obama Administration Has Sought To Keep The Cost Of Premiums From The Public Until After The Election.“The delays push the beginning of the enrollment window—when people will get a look at their premiums—past the November midterms, and the extended window gives the administration more time to try to bring in more people.” (Sam Baker, “Another ObamaCare Delay,” National Journal, 3/5/14)

According To Health Industry Experts, The Affordable Care Act Is Shaping Up To Be The Unaffordable Care Act

The Hill’s Headline: “O-Care Premiums About To Skyrocket.”(Elise Viebeck, “O-Care Premiums About To Skyrocket,” The Hill’s Health Watch, 3/19/14)

Health Industry Officials Expect “ObamaCare-Related Premiums” To Double Across The Country Before The 2015 Enrollment Period. “Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration. The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would likely bolster the GOP’s prospects in November and hamper ObamaCare insurance enrollment efforts in 2015.” (Elise Viebeck, “O-Care Premiums About To Skyrocket,” The Hill’s Health Watch, 3/19/14)

According To An Insurance Official, ObamaCare “Is Going To Lead To Higher Costs.” “‘It’s pretty shortsighted because I think everybody knows that the way the exchange has rolled out … is going to lead to higher costs,’ said one senior insurance executive who requested anonymity.”(Elise Viebeck, “O-Care Premiums About To Skyrocket,” The Hill’s Health Watch, 3/19/14)

  • The Official Expects Rates At His Company To Triple On The ObamaCare Exchange. “The insurance official, who hails from a populous swing state, said his company expects to triple its rates next year on the ObamaCare exchange.” (Elise Viebeck, “O-Care Premiums About To Skyrocket,” The Hill’s Health Watch, 3/19/14)

Bill Hoagland, Sr. Vice President At The Bipartisan Policy Center: “These [Premium] Increases Will Be Significant.” “‘My gut tells me that, for some people, these increases will be significant,’ said Bill Hoagland, a former executive at Cigna and current senior vice president at the Bipartisan Policy Center.” (Elise Viebeck, “O-Care Premiums About To Skyrocket,” The Hill’s Health Watch, 3/19/14)

  • In Iowa, “Rates Are Expected To Rise 100 Percent” On The ObamaCare Exchange While Employer Sponsored Coverage Rates Are Set To Double. “In Iowa, which hosts the first presidential caucus in the nation and has a competitive Senate race this year, rates are expected to rise 100 percent on the exchange and by double digits on the larger, employer-based market, according to a recent article in the Business Record.”(Elise Viebeck, “O-Care Premiums About To Skyrocket,” The Hill’s Health Watch, 3/19/14)

Instead Of Helping, Obama’s ObamaCare Delays Will Trigger The Spikes In Costs. “But insurance officials are quick to emphasize that any spikes would be a consequence of delays and changes in ObamaCare’s rollout.”(Elise Viebeck, “O-Care Premiums About To Skyrocket,” The Hill’s Health Watch, 3/19/14)

 

Democrats Ignored The Middle Class As They Enacted ObamaCare

 Barack Obama, Health Care Reform  Comments Off on Democrats Ignored The Middle Class As They Enacted ObamaCare
Feb 122014
 

For Democrats That Drafted ObamaCare, “The Primary Goal Was To Get The Bill Passed, Not Figure Out What Struggling Middle-Class Families Thought They Could Afford.” “The law’s drafters set the 9.5 percent benchmark during final negotiations over the health law, mainly to meet a directive from the White House and congressional leadership that the law cost less than $1 trillion over 10 years and contain provisions to pay for that, which included new taxes and fees on drug makers, insurers and high-income Americans. The primary goal was to get the bill passed, not figure out what struggling middle-class families thought they could afford.  An earlier version would have required some families to pay even more.” (Julie Appleby, “Some Middle-Class Families Find Price Of Subsidized Health Coverage ‘Awfully High,’” Kaiser Health News, 2/10/14)

For The Middle-Class, ObamaCare Has Forced Families To Choose Between Paying High Insurance Premiums Or Going Without Coverage

Millions Of People That Earn Three To Four Times The Federal Poverty Rate May Now Have To Spend 9.5 Percent Of Their Income On Health Care Premiums Before Receiving An ObamaCare Subsidy. “The lure used to get uninsured Americans to sign up for health law coverage was the promise of generous premium subsidies. But the promise comes with a catch for almost 3 million people earning between three and four times the federal poverty rate: They may have to pay up to 9.5 percent of their income toward that premium before the subsidy kicks in.” (Julie Appleby, “Some Middle-Class Families Find Price Of Subsidized Health Coverage ‘Awfully High,’” Kaiser Health News, 2/10/14)

  • “For A Family Of Three Earning Between $58,590 And $78,120,” The Monthly Cost Of A Midlevel Plan Could Exceed $600. “That could take a substantial bite from their budgets — potentially as much as $600 a month for mid-priced plan for a family of three earning between $58,590 and $78,120.” (Julie Appleby, “Some Middle-Class Families Find Price Of Subsidized Health Coverage ‘Awfully High,’” Kaiser Health News, 2/10/14)

As Middle-Class Families Prepare To Shell Out Hundreds Of Dollars In Monthly Health Care Premiums, Some Families Will Forgo Coverage Which Could Cause Trouble For ObamaCare.“As a result, some middle-class families may decide health insurance is beyond their reach, and pay a penalty rather than buy coverage.  While consumers in that income range account for a relatively small share of the 17.2 million eligible for subsidies to buy private insurance, that could still spell political trouble for the law.” (Julie Appleby, “Some Middle-Class Families Find Price Of Subsidized Health Coverage ‘Awfully High,’” Kaiser Health News, 2/10/14)

  • An Indiana Man Who Is Eligible For ObamaCare Subsidies Has Called The Cost Of Plans On The ObamaCare Exchange “Awfully High” And Plans To Skip Purchasing Coverage For His Family. “‘Awfully high,’ is the verdict of Tim Ross of Madison, Ind., the owner of a light commercial construction firm who canceled coverage for his family of five several years ago during the depths of the recession. Under the health law, Ross’ income qualifies his family for a subsidy that would cover about half the cost of a mid-level ‘silver’ plan, according to online calculators. There are five silver plans he could choose from, with his share of the cost ranging from $494 to $590 a month. … But he said he is likely to forego buying a policy, hoping that if a family member needs expensive care, he can negotiate lower prices with doctors and hospitals as he has done in the past.” (Julie Appleby, “Some Middle-Class Families Find Price Of Subsidized Health Coverage ‘Awfully High,’” Kaiser Health News, 2/10/14)

 

#Obamacare Trainwreck: Keep Your Doctor? Busting the Federal Budget Already!

 Barack Obama, Health Care Reform  Comments Off on #Obamacare Trainwreck: Keep Your Doctor? Busting the Federal Budget Already!
Feb 112014
 

The next lie coming home to everyone – “You can keep your Doctor”. Ummm, nope. Note the media sources quoted, Time, New York Times and the AP. None are friendly to conservatives.

Under ObamaCare, “Many Insurers Are Significantly Limiting The Choices Of Doctors And Hospitals Available To Consumers.” “Federal officials often say that health insurance will cost consumers less than expected under President Obama’s health care law. But they rarely mention one big reason: many insurers are significantly limiting the choices of doctors and hospitals available to consumers.” (Robert Pear, “Lower Health Insurance Premiums To Come At Cost Of Fewer Choices,” The New York Times, 9/23/13)

Faced With The Need To Cut Down Costs, Insurers Are “Shrinking” The Network Of Doctors Available To Patients. “It’s not that simple. In order to participate in health-insurance exchanges, insurers needed to find a way to tamp down the high costs of premiums. As a result, many will narrow their networks, shrinking the range of doctors that are available to patients under their plan, experts say.” (Alex Altman, “‘You Can Keep Your Doctor’: ObamaCare’s Next Broken Promise?” Time, 11/19/13)

  • ObamaCare’s Mandates Are Leading To “Limited Choices And Significant Out-Of-Pocket Costs.” “Exchange plans are required to take all applicants, cover broad benefits and provide robust financial protection against catastrophic illness. In return for that, something else has to give. The result: limited choices and significant out-of-pocket costs through deductibles and copayments.” (Ricardo Alonso-Zaldivar and Holly Ramer, “Limited Patient Choice Next Overhaul Issue,” The Associated Press, 11/20/13)

And, Obamacare is already busting the federal budget. The CBO upped the estimated cost $12 Billion a year in just two months! (between May and July of 2013)

$1.8 Trillion: Gross Cost Of ObamaCare’s Coverage Provisions From 2013 To 2023. (Douglas W. Elmendorf, Director Of Congressional Budget Office, Letter To Chairman Paul Ryan, 7/30/13)

  • The May 2013 Baseline Estimated That The Net Cost Of Coverage Provisions Was $1,363 Billion – Now $1,375 Billion. (Douglas W. Elmendorf, Director Of Congressional Budget Office, Letter To Chairman Paul Ryan, 7/30/13)

CBO: “The Net Costs Is Now Estimated To Be … $12 Billion More Than Previously Estimated.” “As a result of the Administration’s announcement and recently issued final rules, the net cost is now estimated to be $1,375 billion—$12 billion more than previously estimated.” (Douglas W. Elmendorf, Director Of Congressional Budget Office, Letter To Chairman Paul Ryan, 7/30/13)

 

More Disturbing News on #Obamacare Massive Fines and Millions More Plan Cancellations Coming

 Barack Obama, Health Care Reform  Comments Off on More Disturbing News on #Obamacare Massive Fines and Millions More Plan Cancellations Coming
Feb 092014
 

Thank you – Heritage Foundation for the Following:

The Congressional Budget Office (CBO) has released its annual Budget and Economic Outlook. Here are some of the most important health care numbers to know from today’s report:

  • Millions more projected to lose their coverage. As the CBO writes, “CBO and JCT project that, as a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA. That change is the net result of projected increases and decreases in offers of health insurance from employers and changes in enrollment by workers and their families.”
  • 1.5 million enrolled in non-compliant plans in 2014. As a result of the Administration’s unilateral and last minute decision to allow plans that are not compliant with Obamacare’s many new rules to continue into 2014, a “fix” to offset the nearly 5 million reported plan cancellations, the CBO estimates that 1.5 million non-compliant plans will exist in the individual and small group markets in 2014, with .5 million continuing on into 2015.
  • Mandate penalties total $203 billion from 2015-2024. Penalties paid by employers of 50 or more full-time workers who do not offer their employees health coverage are projected to total $151 billion from 2015-2024. The individual mandate tax that will be levied on individuals who do not purchase health coverage is expected to cost Americans $51 billion over this period.
  • 31 million uninsured. After spending nearly $2 trillion to expand insurance coverage, Obamacare is still projected to leave 31 million people uninsured in 2024.
  • Exchange enrollment adjusted for 2014. “In light of technical problems that impeded many people’s enrollment in exchanges,” the CBO has downwardly adjusted its exchange enrollment projections for 2014 by 1 million people, now projecting only 6 million people will gain exchange coverage this year.
  • Gross cost of Obamacare’s major coverage provisions from 2015-2024 is nearly $2 trillion. Spending of $899 billion and a reduction in revenues of $137 billion for premium assistance tax credits, in addition to spending $167 billion for cost-sharing subsidies (page 107) for a total exchange subsidy cost of $1.203 trillion. Medicaid expansion and CHIP spending from Obamacare is projected to cost $792 billion from 2015-2024. A gross total cost of these provisions amounting to $1.995 trillion over this period.

Nancy Pelosi, not to be outdone recently said that Obamacare would help employees “escape” employment.

 

#Obama’s Green Boondoggles Billions Spent on Bankrupt Companies

 Barack Obama, Eco-Nazis  Comments Off on #Obama’s Green Boondoggles Billions Spent on Bankrupt Companies
Feb 082014
 

Obama’s Clean Energy Investments Are “A Case Study Of What Can Go Wrong When A Rigid Government Bureaucracy Tries To Play Venture Capitalist.” “The Obama administration’s vaunted initiative to catalyze the U.S. clean-energy industry — under attack for betting half a billion dollars on the solar-panel manufacturer Solyndra, which closed last month — has become a case study of what can go wrong when a rigid government bureaucracy tries to play venture capitalist and jump-start a nascent, fast-changing market.” (Steven Mufson And Carol D. Leonning, “Some Clean-Energy Firms Found US Loan-Guarantee Program A Bad Bet,” The Washington Post, 9/26/11)

In August 2011, Solyndra Announced That It Would File For Bankruptcy, “Immediately Laying Off 1,100 Employees.”“Solyndra, a Fremont solar tech manufacturer, announced Wednesday it is suspending operations and immediately laying off 1,100 employees. The company said it will also file for bankruptcy.” (George Avalos, “Fremont Solar Tech Firm Solyndra To Shut Down, Lay Off 1,100 Workers,” The San Jose Mercury News, 8/31/11)

  • A Total Of 1,861 Workers Were Laid Off By Solyndra As It Went Bankrupt. “Since September 1, 2010 (impact date), an estimated 1,861 workers have been separated from the firm.” (Employment And Training Administration, “Investigative Report TA-W-80,410; Solyndra LLC,” Department Of Labor, 9/12/11)

In November, Fisker Automotive Filed For Chapter 11 Bankruptcy. “Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars that was backed with a loan by the U.S. government, filed for Chapter 11 bankruptcy protection on Friday after lengthy efforts by investors to salvage the company.” (Deepa Seetharaman And Timothy Gardner, “UPDATE 2-Fisker Files Chapter 11 As Investor Group Buys Company,” Reuters, 11/22/13)

  • Reuters’ Headline: “Fisker Automotive Failure Could Hit U.S. Taxpayers For Years To Come.” (Tom Hals, “Fisker Automotive Failure Could Hit U.S. Taxpayers For Years To Come,” Reuters, 11/25/13)