Tag: Affordable Care Act

Health Jobs Grow Twice as Fast in April as Other Jobs »

Of the 223,000 jobs added in April, 45,000 were in health services, according to the latest Employment Situation Summary from the Bureau of Labor Statistics. Health services employment rose by 0.30 percent monthly, while other nonfarm, civilian employment grew only 0.14 percent. This continues the trend seen in March. As shown in Table 1, jobs…
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The Individual Mandate »

As most people know by now, the Individual Mandate is one of the key elements in the Affordable Care Act (ACA). The Supreme Court ruled in 2012 that the Individual Mandate is constitutional. Prior to that ruling, both proponents and opponents of the ACA agreed that it is essential enough that the ACA would…
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Obamacare’s Risk Corridors Are Back, and Bigger and Badder than Ever! »

Last year, I discussed at length Obamacare’s risk corridors, which comprised an unlimited taxpayer bailout of insurers’ profits in the Obamacare exchanges, by transferring money from insurers with extra profits to those whose profits from Obamacare are less than expected. Fortunately, Congress capped this liability last December. The CROmnibus, which funded the government for…
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Florida’s Financial Health Care Follies, and a Problem with a Part-Time Legislature »

The one constitutional responsibility of Florida’s legislature is to pass a budget — something Florida’s solidly Republican House and Senate could not do by the end of their regular legislative session. The big issue that divided them was how to deal with the Affordable Care Act’s mandates. Here’s the issue. Florida has been receiving…
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Obamacare’s State-Based Exchanges Struggle with Surging Costs »

Obamacare’s health insurance exchanges are a real problem. States that established exchanges as “active purchasers” of health insurance, instead of just clearinghouses, have higher premiums. So, what is the point of them? Further, the federal government threw billions of dollars at states to set up exchanges, with zero accountability. Things are not improving. From…
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Barack Obama Has the Last Word on the Medicare “Doc Fix” »

On April 15, President Obama signed the so-called Medicare “doc fix,” a bill that I previously warned would recruit Republicans onto Obamacare’s B-Team. I had also hoped that they would reject the bill, especially after Medicare’s Chief Actuary delivered an even harsher verdict on its consequences than the Congressional Budget Office had. Unfortunately, massive…
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Obamacare and Employment »

Vox’s Mattew Yglesias, an undaunted Obamacare supporter, has listed “7 charts that show what Obamacare critics are getting wrong.” The first is, you guessed it, that chart from the Gallup survey of health insurance, which (wrongly) claims Obamacare reduces the number of uninsured Americans. Another chart claims that Obamacare is not causing part-time work…
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There Is No Real Increase in Insured under Obamacare »

Gallup has released the full results of its first-quarter survey of health insurance. It concludes that the proportion of uninsured Americans has collapsed to the lowest level ever: 11.9 percent. Only the people who have employer-based benefits can be said to be paying for their own health insurance. They decreased 0.9 percentage points in…
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Despite Weak U.S. Employment Numbers Overall, Healthcare Jobs Continue Steady Climb »

Last Friday’s very weak jobs report from the Bureau of Labor Statistics (BLS) was greeted as bad news, but it disguised more good news for the heath sector: Job growth in March kept its steady pace. Obamacare’s healthcare jobs boost appears to be trending nicely despite weakness in February. Almost one in five of…
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Needles of Panic? White House Fears Rejection of Boehner-Pelosi-Obama Medicare “Doc Fix” »

The White House is starting to lose confidence that the Senate will uncritically swallow the Boehner-Pelosi-Obama so-called Medicare “doc fix”. According to The Hill, the Obama administration is pleading with the Senate to pass the Medicare Access and CHIP Reauthorization Act (MACRA) immediately after the Senate reconvenes on April 13. If not, the bill…
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