“In any event, there is no problem that cannot be made worse when legislators convene. And when Congress passed the Affordable Care Act (ObamaCare) it definitely made things worse than they otherwise would have been… Here’s one immediate problem: no one knows how to define ‘administration.’ Just as there is no line item in the federal budget called ‘waste fraud and abuse,’ there is also no line item in any organization’s budget called ‘administrative costs.'”Details
“Investors believe that the government guarantee of millions of customers to health plans will lead to profits. Unfortunately, this optimism is likely unfounded.
ObamaCare distributes federal grants to states that encourage their insurance departments to increase power of prior approval of premium increases.
And the coming wave of political interference will threaten health plans’ very solvency. We already know that such laws do not keep a lid on health costs.”
“Reformers are mostly right when they argue that Congress hasn’t done a great job of controlling health costs or the growth of tax-financed health spending. But where they go wrong is in thinking that a small number of experts in positions of government-granted authority will somehow be more successful. The basic problem with the bureauwonk model of health reform is that it assumes that technocrats can not only identify but successfully scale local innovation to the national level.”Details
“There are 34 million ways to order a Domino’s Pizza, so, thanks to President Obama’s national health care law, the chain’s franchisees may have to spend more than $5 million attempting to squeeze calorie data next to every one of their menu items.”Details
“Federal payments required by President Barack Obama’s health care law are being understated by as much as $50 billion per year because official budget forecasts ignore the cost of insuring many employees’ spouses and children, according to a new analysis. The result could cost the U.S. Treasury hundreds of billions of dollars during the first ten years of the new health care law’s implementation.”Details
“The Budget Control Act of 2011 ties increases in the federal debt limit to cuts in spending on a dollar-for-dollar basis. In a deal described by one opponent as a ‘sugar-coated Satan sandwich,’ President Obama agreed that Medicare should be put on the chopping block along with other federal programs. That could prove to be the thread that unravels the massive expansion of health spending created in last year’s Patient Protection and Affordable Care Act.”Details
“Alas, ObamaCare may poison the well for reform if Health and Human Services Secretary Kathleen Sebelius decides that HSAs don’t meet the law’s requirements for mandated ‘essential’ coverage. Add this to the long list of ways that ObamaCare will inhibit innovation, but it’s getting hard to keep track of them all.”Details
“The survey found passage of the new health care law prompted health insurance carriers to stop selling new child-only health plans in many states. Of the 50 states, 17 reported that there are currently no carriers selling childonly health plans to new enrollees. Thirty-nine states indicated at least one insurance carrier exited the child-only market following enactment of the new health care laws. Accordingly, child-only health insurance access and competition in the market have declined significantly since passage of the Act.”Details
“The U.S. Department of Health and Human Services is soliciting bids to promote the Community Living Assistance Services and Supports (CLASS) program, a controversial long-term care insurance program established by ObamaCare.
Two contracts are up for grabs: one to create a ‘strategic brand’ for CLASS, the other to develop a CLASS ‘awareness campaign.’ The kicker: The CLASS program has yet to be created, and there is considerable doubt that it ever will be.”
“The administrative costs of operating an exchange plus the administrative costs to a small business of migrating to the exchange are almost certainly greater than the administrative costs of participating in the traditional small-group market (or taking account of other “work arounds” promoted by some insurance producers). Therefore, unless an exchange is subsidized from non-exchange sources (as per Obamacare), it will not attract many participants.”Details