A project of the Galen Institute

Issue: "Premiums/Costs"

Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report

Daily Mail
Tue, 2015-01-27
Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance Numbers assume Obamacare insurance exchange enrollment will double between now and 2025 It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday. The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook.

Justin Haskins: Endlessly Slapped By ObamaCare

NY Post
Mon, 2015-01-26
“I’m sorry sir,” the polite Healthcare.gov customer-service agent said. “There’s nothing I can do. You’re either going to have to enroll in Medicaid or you’re going to have to pay the full health-insurance rate.” “The rate you quoted earlier?” I asked. “That’s nearly 30 percent higher than my current insurance bill, I just can’t afford it.” “You’ll have to pay the full rate, yes,” the agent replied. “I don’t understand,” I explained. “I have plenty of money to pay you a reasonable rate, but I can’t afford to pay the same rate a millionaire would be asked to pay. Why can’t I just receive a partial subsidy? I’m willing to pay more than what Medicaid offers.” “Sir, that’s just not how the system works.” Right.

Americans See Healthcare, Low Wages as Top Financial Problems

Gallup
Wed, 2015-01-21
WASHINGTON, D.C. -- Healthcare costs and lack of money or low wages rank as the most important financial problems facing American families, each mentioned by 14% of U.S. adults. Fewer Americans than a year ago cite the high cost of living or unemployment, and the percentage naming oil or gas prices is down from 2012. Gallup has been asking Americans about the most important financial problem facing their family in an open-ended format for the past 10 years. Healthcare this year has returned to the top of the list for the first time since early 2010, when the Affordable Care Act, or "Obamacare," was signed into law. Still, Americans viewed it as an even bigger financial problem in 2007, when a range of 16% to 19% said it was most important. Notably, 6% of Americans see the high cost of living or inflation as their family's biggest financial problem, down from 13% just over three years ago.

H&R Block: ‘No One Can Understand’ New Obamacare Tax Code

The Daily Caller
Wed, 2015-01-21
Posted By Richard Pollock H&R Block, the nation’s largest retail tax preparation company warns that the newly released Obamacare tax code, officially called the Affordable Care Act, is likely to confuse millions of taxpayers who try to tackle their tax returns for 2014. “Now that the Affordable Care Act has made health care a tax issue, no one can understand it,” H&R Block flatly tells taxpayers in a video that resides on its dedicated Obamacare web site. A former IRS Commissioner agrees, and cautions that the new tax requirements will be a “shock to the system,” especially afflicting low-income earners who have never itemized on their tax return. The tax preparation giant — with 24 million tax clients worldwide — reports that the Obamacare tax rules now constitute “the biggest tax code change in the last 20 years.” The company is so concerned, it has launched a high profile national television advertising campaign directed solely at Obamacare enrollees.

Yes, Some Companies Are Cutting Hours In Response To ‘Obamacare’

Five Thirty Eight Economics
Wed, 2015-01-14
By Ben Casselman On Friday, I posted this chart, showing that nearly all the job growth since the recession ended has been in full-time jobs. Part-time employment is pretty much flat. I wasn’t trying to make a political point, but many readers saw one anyway. Specifically, they saw it as a refutation of a frequent Republican talking point: that the Affordable Care Act, or “Obamacare,” is killing full-time jobs because it requires employers to offer health insurance to their full-time (but not their part-time) workers. The reality, though, is a bit more complicated. Obamacare hasn’t led to a shift from full-time employment to part-time.

Implementing Health Reform: FAQs On Taxes And The ACA

Health Affairs Blog
Wed, 2015-01-14
In the next few days, consumers who enrolled in qualified health plans through the marketplaces in 2014 will begin receiving IRS form 1095-As from the marketplaces, be they the federally facilitated marketplaces (FFMs) or state-operated marketplaces. The form 1095-A is the form that provides individuals who have enrolled in qualified health plans through the marketplaces the information they need to fill out form 8962, which in turn is the form enrollees will need to reconcile the advance premium tax credits (APTC) they received in 2014 with the premium tax credits they were actually entitled to. The marketplace also reports the information on the 1095-A to the IRS. On January 12, 2015, HHS released a series of frequently asked questions about the 1095-A at its REGTAP website, which are reviewed below.

More CBO transparency could have prevented Obamacare's CLASS debacle

Washington Examiner
Tue, 2015-01-13
Mere days into a Republican Congress, Democrats are making charges of ideological bias when it comes to the majority’s handling of the Congressional Budget Office. A group of leading Senate Democrats wrote a letter to House Speaker John Boehner specifically noting that “a CBO director should not be required to revise the score of the Affordable Care Act in order to please partisan interests.” It’s an ironic charge, given that it’s far from partisan to question why the CBO failed to perform analyses that could have predicted the collapse of an $86 billion Obamacare program — exactly what happened under its current director, Doug Elmendorf. The program in question, Community Living Assistance Services and Supports, or CLASS, was designed to provide cash benefits for those needing long-term services and support. CLASS made it into Obamacare at the behest of then-Sen.

What '60 Minutes' Didn't Tell You: Hospitals Will Charge You More Under Obamacare

Forbes
Mon, 2015-01-12
On Sunday evening, CBS’ 60 Minutes did a feature story on Steven Brill’s new book, America’s Bitter Pill, in which Brill complains that Obamacare didn’t do enough to tackle the exorbitantly high price of U.S. hospital care. “Obamacare does zero to change any of that,” says Brill. That’s not exactly right. What Brill—and CBS—don’t tell you—is that Obamacare is driving hospitals to charge you more than they already do. The U.S. hospital industry is crony capitalism at its finest Steven Brill, founder of The American Lawyer and Court TV took a starring role in the health care debate when he published the Time article “Bitter Pill,” describing how hospitals charge extreme prices for ordinary care to the uninsured. For example, Sean Recchi, an uninsured lymphoma patient, went to MD Anderson Cancer Center, a world-renowned facility in Houston, to seek treatment. MD Anderson proceeded to charge him $283 for a $20 chest X-ray.

Dissecting ObamaCare

CBS 60 Minutes
Mon, 2015-01-12
The following is a script of "Obamacare" which aired on Jan. 11, 2015. Lesley Stahl is the correspondent. Rich Bonin, producer. This month marks one year since health insurance coverage under the Affordable Care Act began, and from the president's point of view: so far, so good. More than 10 million Americans who didn't have health insurance before have signed up. But congressional Republicans are gunning for Obamacare. Even if they can't outright repeal it, they want an overhaul. And with the debate just getting underway, author Steven Brill, who has spent the past two years immersing himself in the subject, has come out with a new book, "America's Bitter Pill," that takes a comprehensive look at what the new law does and doesn't do.

Eligible Americans Turn Down Obamacare Tax Credits

US News
Mon, 2015-01-12
By Kimberly Leonard Grace Brewer says she never thought she would be without health insurance at this stage of her life. "I'm a casualty of Obamacare," says Brewer, 60, a self-employed chiropractor in the Kansas City, Kansas, area. She wanted to keep the catastrophic health insurance plan she once had, which she says fit her needs. But under the Affordable Care Act, the government's health care reform law, the plan was discontinued because it did not comply with the law's requirements, and her bills doubled to more than $400 a month. "I wanted a minimal plan and I’m not allowed to have it," she says. "That seems like an encroachment on my freedom." The Affordable Care Act requires everyone to buy insurance or pay a penalty. Government subsidies can reduce costs for low- and middle-income Americans and without them, many say they could not afford insurance.

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