Tag: Affordable Care Act
Commonwealth Fund: “Underinsurance” Unchanged under Obamacare
Yet another pro-Obamacare organization has had to publish a study indicating that Obamacare is failing to achieve its objectives. I recently discussed Families USA’s report that one-third of low-income families cannot afford care under Obamacare. This time it is the Commonwealth Fund, inventor of the notion of “underinsurance,” which is defined as out-of-pocket health...
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Planned Rate Hikes Presage a Health Insurance ‘Death Spiral’
The Wall Street Journal has reviewed health plans’ rate filings for 2016 in Obamacare exchanges: In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market...
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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 about $1.3...
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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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