Tag: Affordable Care Act

Health Spending Chews Through a Weak Economy »

The federal government’s second estimate of fourth quarter Gross Domestic Product (GDP), published Friday by the U.S. Department of Commerce, confirmed what we pointed out from the initial estimate released on January 30: Health spending is chewing up more and more of the weakening economic recovery. GDP growth was actually revised down from the…
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Why Hasn’t Medicare Advantage Collapsed? »

Milliman, the actuarial consulting firm, has published a new report on the impact of the government’s cuts to Medicare Advantage. The report was sponsored by the Better Medicare Alliance, which announced that “Seniors now face soaring maximum annual out-of-pocket costs” due to the cuts. And yet, the purported cuts have not really bitten health insurers. Medicare Advantage enrollment…
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“Site-Neutral” Medicare Payments: A Good Idea from President Obama’s Budget »

Imagine that there are two providers of the same service. Their quality and timeliness are comparable. However, one provider charges significantly more than the other. In a normally functioning market, you would expect that the more expensive provider would have to significantly change its cost structure to stay in business. What if the more…
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Health Care Spending Is Up, Way Up »

The economic data on health spending has been bouncing around like crazy in the age of Obamacare, so we must not read too much into one report. Nevertheless, the January 30 report on Gross Domestic Product (GDP) issued by the Bureau of Economic Analysis indicates that health spending has begun to race up again,…
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Medical-Device Excise Tax Kills Jobs, Obamacare Kills Much More »

The sweet smell of success for the medical-device industry is wafting over Capitol Hill. News from Senator Orrin Hatch (R-UT) is that the Senate will take up repeal of the medical-device excise tax. This is a tax of 2.3 percent on most medical devices that was passed as part of the Affordable Care Act…
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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.