“Since the federal government is mandating that people purchase health insurance and will spend trillions of dollars in taxpayer subsidies, it therefore must define what qualifies as an acceptable policy. Deciding what will be in this ‘essential benefits package’ is going to be a long, painful process that the political system is ill-equipped to handle.”
“In other words, Sebelius’ dilemma is whether or not to take away a perfectly good option—catastrophic coverage—that the market currently offers patients. And the expert advice is that she should not. I’m not sure whether to applaud this dawn of wisdom or weep that the Obama administration needed a panel to tell it the obvious. What’s next? An expert panel advising the administration that GM should, after all, keep its wheels round?”
“President Obama’s health care law requires employers to offer health benefits to full-time employees. This employer mandate will price many unskilled workers out of full-time employment. After paying the new health premiums, the minimum wage, payroll taxes, and unemployment insurance taxes, hiring a full-time worker will cost employers at least $10.03 per hour. Full-time workers with family health plans will cost $13.75 per hour. Employers who hire workers with productivity below these rates will lose money. Businesses employing less skilled workers will probably respond by dumping their employees onto the federally subsidized health care exchanges and replacing full-time positions with part-time jobs.”
“About a dozen Congressional Republicans gathered Wednesday morning to pressure Democrats to repeal the president’s health care law and to receive 1.6 million hand-signed petitions demanding that Congress overturn the law before it can be fully implemented.”
“The Obama health-care plan passed 18 months ago, and its cynicism still manages to astonish. Witness the spectacle surrounding one of its flagship new entitlements, which is eliciting some remarkable concessions from its drafters. The Health and Human Services Department recently shut down a government insurance program for long-term care, known by the acronym Class. HHS also released a statement claiming that reports that HHS is shutting down Class are ‘not accurate.’ All HHS did was suspend Class policy planning, told Senate Democrats to zero out Class funding for 2012, reassigned Class’s career staffers to other projects and pink-slipped the program’s chief actuary. Other than that, it’s full-speed ahead.”
“Overall, PPACA is anticipated to increase costs by an average of 1.5% in 2011 across the surveyed health plans. Other surveys have offered similar cost estimates. However, it is important to understand that these averages cannot be easily extrapolated to any particular health insurance policy or across different lines of business… Overall, for 2011 health plans reported estimated increases due to PPACA of 4.7% for individual policies, 1.5% for small group plans, and 0.8% for large group plans on a weighted average basis. These impacts are additive to the other trend components discussed previously.”
“Staffing firms urged Congress Thursday to repeal the healthcare law’s requirement that employers provide insurance for their workers — even as they continue working with federal regulators to tweak the law.”
“Prudent insurers, employers and benefits advisors should take the same ‘better safe than sorry approach to planning for the Patient Protection and Affordable Care Act that they’d take to planning for computer problems, or a major hurricane.”
“The International Franchise Association, a lobbying group that has long expressed concerns about the Patient Protection and Affordable Care Act, released a study this month claiming that franchise businesses will be discouraged from growing and hiring in 2014, when new health-care mandates are scheduled to kick in. The report estimates that the law will negatively affect ‘tens of thousands’ of franchises. It will allegedly impose more than $6.4 billion in increased costs, not including expenses associated with regulatory compliance, and will impact some 3.2 million full-time employees who work for franchise businesses.”
“A new study by the Kaiser Family Foundation underlines that many of the promises surrounding President Obama’s health care legislation remain unfulfilled, though the White House argues that change is coming. Workers at the Flora Venture flower shop in Newmarket, NH, remember when presidential candidate named Sen. Barack Obama, D-Ill., promised that their health care costs would go down if they elected him and his health care plan was enacted… Last year workers at the flower shop saw their insurance premiums shoot up 41 percent.”