Tag: Affordable Care Act

About That CBO Report Claiming Obamacare’s Costs Are Down 20 Percent... »

In the January 2015 Budget and Economic Outlook, the Congressional Budget Office (CBO) pronounced that Obamacare’s future costs will be one-fifth lower than had been originally estimated: In March 2010, CBO and JCT projected that the provisions of the ACA related to health insurance coverage would cost the federal government $710 billion during fiscal...
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Arkansas: Caving In or Standing Up to Obamacare? »

The new governor of Arkansas, Asa Hutchinson, appears to have confused a lot of people in a recent speech about Medicaid, the joint state-federal welfare program for poor people’s health coverage. According to the Washington Post’s Jason Millman, “Republicans are finally learning they can’t undo Obamacare,” because the governor wants to do something different...
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Employers Who Dump Workers onto Medicaid: The New Corporate Welfare Queens? »

There have been a lot of predictions about the future of employer-based health benefits under Obamacare. Reports suggest that increasing numbers of small businesses are dropping health benefits and sending their employees to Obamacare’s insurance exchanges, where they are partially subsidized. Other businesses have found a bigger cost-shifting approach. BeneStream, a new benefits advisor,...
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The State of the Disunion »

Top stories in world news last week: New Snowden Documents Reveal that the NSA is Preparing for Cyber War According to top secret documents from the archive of NSA whistleblower Edward Snowden seen exclusively by SPIEGEL, they are planning for wars of the future in which the Internet will play a critical role, with...
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No Jobs Bump from Obamacare »

Last Friday’s employment report demonstrated once again that Obamacare is not having the effect that the health services industry overall hoped for: Employment in health care is increasing at pretty much the same pace as in the rest of the economy. There is no evidence of an Obamacare jobs bump.

Obamacare’s Effect on Uninsured Is Trivial »

At the end of 2014, Jason Furman and Matt Fiedler of President Obama’s Council of Economic Advisers published an analysis of the uninsured in the first half of 2014. The two economists boasted that “2014 Has Seen Largest Coverage Gains in Four Decades, Putting the Uninsured Rate at or Near Historic Lows.” Their own...
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Medicaid Expansion Does Not Create Healthcare Jobs »

Ani Turner of the Altarum Institute has examined the growth in healthcare jobs in states which expanded Medicaid versus those which did not expand Medicaid. Here are an image and an excerpt from her blog: This preliminary analysis shows that the recent acceleration in health care job growth should not be attributed primarily to Medicaid...
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Last week’s GDP Estimate Included a Massive Upward Revision in Health Spending »

Last week’s third estimate of 3rd quarter GDP contained a significant upward revision to the real (inflation-adjusted) increase in GDP, from a 3.9 percent in the second estimate (released in November) to 5.0 percent in the third estimate. November’s second estimate of 3rd quarter GDP included very tempered growth in health spending. The third estimate blows...
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Obamacare Premiums Higher in States with ‘Active Purchaser’ Exchanges »

Sixteen states plus the District of Columbia chose to set up their own Obamacare exchanges, in which insurers offer subsidized health insurance to individuals. States had two ways to set up exchanges. Ten set up exchanges where the exchange itself was the “active purchaser,” meaning that it negotiated premiums, provider networks, and number and...
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Photo Explaining Obamacare’s Perverse Incentives Is Worth a Thousand Words »

Health insurers in Obamacare’s exchange plans have perverse incentives to attract healthy patients and deter sick ones from enrolling. This is because the law forbids insurers from charging premiums that reflect applicants’ likelihood of incurring high medical costs. Although there are risk-mitigation mechanisms to overcome this, they appear to be inadequate. If this photo does not tell...
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