The $64,000 Question
A new report from the Associated Press scrutinizes yet another flaw in the health care law--- one that has received little attention despite its costly consequences. The story, "A twist in Obama's health care law," highlights a provision in the law, also discussed during an the Energy and Commerce Committee hearing earlier this year,--that "Obama's health care law would let several million middle-class people get nearly free insurance meant for the poor, a twist government number crunchers say they discovered only after the complex bill was signed."
Health Care Regulations: TBD
The uncertainty--created by the health care law--continues to plague job creators, and--lately, it seems the Obama administration is going out of its way to make--the problem--worse. The health care law mandates that all--employers--offering health care coverage to their workers must--provide--a government-defined--"Essential Benefits Package." --What does that entail? No one knows. The law fails to define what should be included in the package and instead, authorizes the Department of Health and Human Services (read:--an extraordinarily powerful--unelected bureaucrat) to decide.
It has been more than a year since Obamacare...
E&C Fact Check
Promise Then: "If you like your current plan, you will be able to keep it. Let Me Repeat That:-- If You Like Your Plan, You'll Be Able To Keep It." -President Obama (July 21, 2009)--Headlines Now: Market Watch: Firms to cut health plans as reform starts; Reuters: Many employers to drop health benefits: McKinsey; National Journal: Report: Reform May Move Millions More Off Employer Insurance; WSJ: No, You Can't Keep Your Health Insurance
According to a
Obama White House Wants to Protect Americans from Obamacare
Since the health care reforms became law, the Obama administration has granted more than 1,300 waivers to businesses, organizations, and unions because without the waivers, millions of Americans stand to lose their health care coverage under the law. But you don't have to take our word for it.
According to a White House blog post, the waivers are "protecting coverage for millions of Americans." --That's right, even the White House is now saying the waivers are needed to protect people from the drastic cost increases contained in...
ACOs' Failure to Launch
Another provision of the health care law is failing to live up to its lofty promises. Accountable Care Organizations (ACOs), described in a seven-page provision included in the law designed to lower costs for Medicare recipients, are having difficulty attracting interest from possible participants. ACOs are networks of doctors and hospitals designed to coordinate and manage various health services for at least 5,000 Medicare patients.
However, according to the Associated Press, "an umbrella group representing premier organizations such as the Mayo Clinic wrote the administration Wednesday...
Obamacare Imposes New Tax on Over-the-Counter Medication
Today is the last tax day individuals with health savings accounts, flex spending accounts or health reimbursement accounts will enjoy tax-free over-the-counter medication benefits.
Starting on January 1, 2011, Obamacare subjected FSAs, HSAs, and HRAs to new tax restrictions. Individuals can no longer use their spending or reimbursement accounts to pay for over-the-counter medication without a prescription. If a person does use their spending account on what Obamacare deems "nonqualified" medical expenses, the cost of the drug will be counted as income and taxed at 20%.
CBO Director Elmendorf: We are Least Certain About Everything
Click here to view
"Nobody is more aware of the uncertainty of these projections than those of us who were responsible for putting them together..."
"...One very important uncertainty is how employers will respond to the existence of subsidies for buying insurance coverage in the new exchanges..."
"...The savings from those provisions are incredibly uncertain."
Foster: Win/Win to Drop Coverage
During a Health Subcommittee hearing on the true cost of the health care law, CMS Chief Actuary Rick Foster today told Rep. Mike Rogers (R-MI), "For businesses that have relatively low-income workers, it can turn out to be a win/win for them to drop their former coverage and assist their employees into getting coverage through the exchange."
What a difference 21 months and one massive law make.
"If you like your health care plan, you'll be able to keep your health care plan, period."
(President Barack Obama,...