“President Obama will not mark the two-year anniversary of his signing of the healthcare law — which takes place days before the Supreme Court offers a decision on the constitutionality of his signature legislative achievement. Senior administration officials said on Tuesday that Obama will not be offering a vigorous public defense of the law, holding events or even making public remarks in the lead-up to the Supreme Court case. “Details
“Young healthy men earning $28,000 a year can expect to pay nearly 100 percent more for health insurance, even after counting the new tax credits for which most will be eligible. Young healthy males at higher income levels earning about $45,000 a year can expect to pay two-and-a-half times more for health insurance in 2014, according to studies produced by independent actuaries who are helping the Hoosier state calculate the impact of Obamacare. The premium-cost increases are caused primarily by two key provisions in Obamacare — ‘essential health benefits,’ in which the government determines what must be covered by health-insurance policies, and the community rating provisions, which require health insurers to level out premiums so younger people pay more and older people pay less.”Details
“About 16 million people — half of the 32 million who are expected to get health coverage under the new health law — will be enrolled in Medicaid in January of 2014, with almost no changes to improve or modernize the cumbersome, complex, and wasteful program. This large Medicaid expansion could have catastrophic effects on those who provide society’s health care safety net.”Details
“The presence of externalities and other market imperfections does not justify a departure from the normal rules of the constitutional road. Health care is typically consumed locally, and health-insurance markets themselves primarily operate within the states. The administration’s attempt to fashion a singular, universal solution is not necessary to deal with the variegated issues arising in these markets. States have taken the lead in past reform efforts. They should be an integral part of improving the functioning of health-care and health-insurance markets.”Details
“Out of the 20 new or higher taxes in Obamacare, there are five that most hurt women. All of them violate President Obama’s commitment to families making less than $250,000.”Details
“On March 13, the Congressional Budget Office (CBO) updated its score of Obamacare, announcing that the program is $48 billion cheaper than in its previous 2011 score.
The primary reason for this change is that more individuals will lose their employer-provided coverage than originally anticipated, and the government will collect $99 billion more in taxes and penalties. CBO also finds that there are more uninsured individuals.
In short, this new CBO update continues the trend of Obamacare becoming increasingly expensive and decreasingly effective with each new scoring update.”
“As we approach the second anniversary of ObamaCare, it’s worth re-examining some of the claims its proponents made about the impact of the law on health-care costs. Three of the law’s most-touted cost-control measures have already been shown to be unlikely to succeed.”Details
“Yesterday, the CBO released new projections from 2013 extending through 2022, and with the shifted timeline, the ten-year cost of the law’s core provisions to expand health insurance coverage has now escalated to $1.76 trillion. So I’ve created the updated graph below. Notice how low the numbers are in the 2010 to 2013 time period and how they quickly soar. All the spending to the right of the black line wasn’t reflected in the CBO’s estimate for the Patient Protection and Affordable Care Act (PPACA) at the time of passage.”Details
“When government requires firms to offer benefits, employers will generally prefer to hire part-time workers, who will not be subject to the penalty. Even though the Affordable Care Act counts part-time workers by aggregating their hours to determine the size of a firm, part-time workers are not subject to the $2,000 penalty. Hence, there will be fewer opportunities open for full-time work. Many workers who prefer to work full-time will have an even harder time finding jobs.
In January 2012 over 8 million people were working part-time because they could not find full-time jobs. The new health care law would exacerbate this problem.”
“The Obama administration’s controversial birth-control mandate saw its first legal challenge Thursday from an employer not affiliated with any religious institution. The latest challenge comes from the owner of a Missouri-based holding company, who says it violates his religious freedom. Although several other suits have been filed, they have all come from religious-affiliated employers such as Catholic universities.”Details