“It’s not rocket science: When costs go up, some or all of those additional costs will be shifted to employees. ObamaCare makes it more expensive for many businesses to keep existing health benefits, so employees will end up paying a greater share.”Details
“Does that mean that the average uninsured patient is getting $1,000 of free medical care paid for by you and me? A lot of supporters of ObamaCare would like you to think so. That’s why we need a mandate, they argue, forcing people to buy health insurance whether they want it or not.
Ah…..but not so fast.”
“Former House speaker Nancy Pelosi’s plea that Congress would have to pass the 906-page Patient Protection and Affordable Care Act to “find out what’s in it” has become an instant classic in the annals of dysfunctional government. But in the months since the bill’s passage, as the Department of Health and Human Services has parceled out waivers, something else has become clear: We may never know what’s in it.”Details
“ObamaCare will add at least 18 million people to the Medicaid rolls. But according to a 2008 GAO report, increasing the amount of Medicaid dental care has had zero effect on the prevalence of dental disease in children.”Details
“U.S. employers can expect an 8.5 percent increase in their medical costs next year due in some part to the healthcare reform law, the consulting firm PwC said in a report Wednesday.”Details
“Our actuarial modeling of more than 130 employee benefit plans
shows that last year’s health reform law imposes additional costs on
employers’ health plans. The study also shows that the law will create
a financial incentive for some employers to terminate health benefit
plans in 2014 when new Insurance Exchanges take effect.”
“Of the 204 new Obamacare waivers President Barack Obama’s administration approved in April, 38 are for fancy eateries, hip nightclubs and decadent hotels in House Minority Leader Nancy Pelosi’s Northern California district.
That’s in addition to the 27 new waivers for health care or drug companies and the 31 new union waivers Obama’s Department of Health and Human Services approved.”
“The new health care law is supposed to fix the problem by guaranteeing access to affordable coverage for all. But many nursing homes and home care agencies, alarmed at the cost of providing health insurance to hundreds of thousands of health care workers, have started a lobbying effort seeking some kind of exemption or special treatment.”Details
“Even before Obamacare was enacted, the nation’s most difficult long-term economic challenge was runaway entitlement spending. Obamacare is more gasoline on what’s already a raging fire. The law included no real reform of Medicare or Medicaid. It simply doubled down on the failed model of command-and-control payment rate reductions. Those have never worked before to make the programs sustainable, and they won’t work this time either.”Details
“One of ObamaCare’s main goals is to cut costs — President Obama has said so repeatedly. Because Medicare is such a big dog in health care, and the government’s single largest toe-hold in the industry, Obama was counting on using it to shape providers’ behavior in the direction of cutting costs. So far, their efforts do not seem to be appreciated.
This initiative is all the more important because Obama did not go for the low-hanging fruit in medical cost-savings — malpractice reform.”