“The United States faces severe economic consequences if skyrocketing federal spending on health care is not addressed. Rather than acknowledge this, Obamacare left in place an unsustainable policy that adds billions to the deficit each year. It creates the illusion of fiscal responsibility through its unsustainable cuts to Medicare and sets up yet another entitlement program to further burden taxpayers. The CBO’s report is a reminder of the ailing fiscal health of the country, which is made worse by Obamacare.”Details
“Obamacare has led to one more health insurance company withdrawing from the market. This means less competition, fewer choices, higher rates. Aetna is pulling out of the Colorado market as of 2/1/2011. They will no longer offer health insurance for individuals, families or self employed in Colorado.”Details
“Health insurers in 34 states have stopped selling child-only insurance policies as a result of the health reform law, and the market continues to destablize.
According to a survey of state insurance departments by Republican Senate committee staff and obtained by POLITICO, states that have seen carriers exit the market include those that have been ardent supporters of the health reform law, like California and Oregon. Twenty states now have no insurers offering child-only policies.”
“Without President Barack Obama’s health care law, as many as 129 million Americans — half of those under age 65 — could be denied coverage or charged more because of a pre-existing medical condition.
The new estimate by the Health and Human Services Department is more than twice as high as a figure that supporters of the law were using last year.
It just might need an asterisk.
Most of those millions of people are covered by health insurance at work and don’t face any immediate risk of being denied care for their pre-existing medical problems. And as a rule, those who take a new job and sign up in their employer’s health plan are already protected by a 1990s law.”
“Today’s ruling vindicates the constitutional first principle that ours is a government of delegated, enumerated, and thus limited powers. Like Judge Hudson in the Virginia case, Judge Vinson recognized that the individual mandate represents an unprecedented and improper incursion beyond those powers: the federal government, under the guise of regulating commerce, cannot require that people engage in economic activity.”Details
Chili’s, the popular chain restaurant, is trimming staff and changing their operating procedures in anticipation of ObamaCare’s new labor costs.Details
“The most noteworthy characteristic of the new law is that it is the largest entitlement expansion since the 1960s… How then does a new law which increases spending by nearly $1 trillion over the period 2010 to 2019 reduce the federal deficit (by about $130 billion over ten years according to the Congressional Budget Office and by a modest amount in the decade after that)? The only way is by raising taxes and cutting spending by amounts in excess of the new spending commitments. According CBO’s estimate of the final legislation, spending reductions will bring the net increase in spending down to about $430 billion over the next decade. The tax hike to pay for this spending will total about $560 billion over the same period.”Details
“Residents in 20 states can no longer purchase new child-only policies as a result of the Democrats’ healthcare reform law, according to a survey released Thursday by Republicans on the Senate Health committee.”Details
“According to the AP, two of the central promises of President Barack Obama’s health-care overhaul law are unlikely to be fulfilled, Medicare’s independent economic expert told Congress today. The landmark legislation probably won’t hold costs down, and it won’t let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. (Foster’s office is responsible for independent long-range cost estimates.)”Details