Tag: obamacare

White House Emails Reveal Major Obamacare Accounting Fraud

10:02 am

Repeal it: White House emails have revealed an effort by the Obama administration in 2009 to coverup the accounting failures of the CLASS program within Obamacare.

Emails show that the first warning about CLASS came in May 2009, from Richard Foster, head of long range economic forecasts for Medicare. “At first glance this proposal doesn’t look workable,” Foster wrote in an email to other HHS officials, some of whom were working with Congress to get CLASS into the health care law. Foster said a rough outline of the program would have to enroll more than 230 million people — more than the U.S. workforce — to be financially feasible. But work on CLASS continued, bolstered by a report for AARP that laid out scenarios for implementing the plan. The AARP study also raised financial concerns, although the seniors’ lobby supports CLASS.

In July, Foster tried again. After reviewing the latest information from Kennedy’s office, he wrote HHS officials: “Thirty-six years of (professional) experience lead me to believe that this program would collapse in short order and require significant federal subsidies to continue.” Too late. The Obama administration had decided to support CLASS. Documents and emails indicate that Foster was edged out of deliberations. [emphasis mine]

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Many businesses are considering dropping healthcare when Obamacare goes into effect in 2014

12:46 pm

Depending on the survey, from 9 to 30 percent of all businesses are considering dropping their employer-sponsored healthcare plans when Obamacare goes into effect in 2014.

In other words, Obama was lying when he said you could keep your plan under Obamacare.

Note too that poll numbers continue to show a solid majority of the public wants Obamacare repealed.

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Did Obamacare cause the economic collapse

6:56 pm

“The elephant in the room.”

By the spring of 2010, private sector job growth turned positive. In April job growth increased to 230,000 net private-sector jobs. The economy appeared on track for a normal recovery from an awful recession. The administration began confidently predicting a “Recovery Summer.” But Recovery Summer fizzled instead of sizzled. In May private sector job growth dropped sharply to less than 50,000 net jobs. Thereafter, monthly improvement in private job growth averaged just 6,500 jobs.

What else happened in the spring of 2010? Despite obstacles that many believed would kill the bill, Congress passed the Affordable Care Act. Within two months, the trend in job growth dropped sharply. Monthly job creation had been on pace to top out in the hundreds of thousands. Post-Affordable Care Act, it has barely kept pace with population growth. [emphasis mine]

and

The health-care measure raises business costs and makes planning for the future more difficult. It should be expected to slow hiring.

Federal Reserve officials report that the law has had exactly this effect. Dennis Lockhart, president of the Atlanta Fed, reports that “prominent among these (factors businesses explain are impeding hiring) is the lack of clarity about the cost implications of the recent health care legislation. We’ve frequently heard strong comments to the effect of ‘my company won’t hire a single additional worker until we know what health insurance costs are going to be.'” Surveys bear out these warnings. In a recent poll one-third of small business owners identified the healthcare bill as one of their top two obstacles to hiring. [emphasis mine]

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66 Percent of CEOs Plan to Freeze or Downsize Workforce Size

10:13 pm

Two-thirds of the country’s CEOs plan to freeze or downsize their workforce over the next year, according to a new survey.

“As I approach my 44th year in business, the last 20 as CEO, I can never remember a time when I felt so disenfranchised from our leadership in Washington. They seem determined to continue their ongoing anti-business attitude and to frustrate small and mid-sized businesses by uncertainty on taxes, government regulations, and simply too many bureaucratic restrictions. We desperately need a change in Washington.”

I guarantee that much of this reluctance to hire stems from uncertainty and fear of Obamacare and the regulations it brings.

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Kansas becomes the second state to return a large federal grant awarded to them by Obamacare.

9:24 am

Kansas becomes the second state to return a large federal grant awarded to them by Obamacare.

‘Every state should be preparing for fewer federal resources, not more,’ Governor Brownback said in a statement. ‘To deal with that reality, Kansas needs to maintain maximum flexibility. That requires freeing Kansas from the strings attached to the Early Innovator Grant.’

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Restaurants Brace for Job-Killing Obamacare Regulations

7:43 pm

Repeal it: Chain restaurants struggle with Obamacare regulations requiring all menus to include calorie information.

Under the new rules, if [a chain] wanted to introduce a new item, such as a crab cake pizza, [they’d] have to replace the signs in all of [their] stores, sucking time and money that could otherwise be used to build [the] business.

And:

“So what it comes down to is this: The federal government has passed a law requiring us to build new signs, or buy new menu boards, and to put on those signs and menu boards information which we already provide, even though it is unlikely to change eating habits, at a cost of over a million dollars we will divert from and be unable to spend on jobs,” cautioned Puzder.

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Federal payments required by Obamacare understate the cost by as much as $50 billion

12:07 am

Finding out what’s in it: Federal payments required by Obamacare actually understate the cost by as much as $50 billion, according to a new study.

In May a congressional committee set the accounting rules that determine who will qualify for federal health care subsidies under the 2010 Patient Protection and Affordable Care Act. When the committee handed down the rules to the Congressional Budget Office, its formula excluded the health care costs of millions of workers’ spouses and children. The result was a final estimate for 2010 that hides those costs.

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Five insurers cancel their healthcare coverage in Indiana due to Obamacare regulations

9:33 am

Repeal it: Five insurers have announced they are canceling their healthcare coverage in Indiana due to Obamacare regulations. The reason?

Aetna was leaving the Indiana individual market over a rule in the federal health care overhaul that insurers essentially must dedicate 80 percent of the premiums they collect to medical care. Anything less than 80 percent would be paid as rebates to policyholders the following year.

In other words, Obamacare tries to legislate the percentage of overhead a company spends, something that in the real world is simply impractical. Under this kind of regulation, every private company will eventually go out of business, leaving us stuck with a nationalized healthcare system run by our government.

And we all can see how efficiently the government runs things, right? Imagine a visit to the doctors’ office being like going to the motor vehicle administration.

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One in eight small businesses have stopped providing health insurance since Obamacare was passed

8:44 am

Finding out what’s in it: One in eight small businesses have stopped providing health insurance since Obamacare was passed.

One of the great “promises” of [Obamacare’s] supporters was that insured people would be able to keep their current health insurance plan. As a practical matter that has not been true for a substantial number of small employers and their employees. Since enactment, one in eight (12%) small employers have either had their health insurance plans terminated or been told that their plan would not be available in the future.

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An Obamacare provision appears to force middle-class families to either buy unaffordable healthcare or pay a penalty

10:37 pm

Repeal it! An Obamacare provision appears to force middle-class families to either buy unaffordable healthcare or pay the penalty for going without.

I wrote “appears to force” above because the issue at hand is so complex I don’t think anyone either in or out of the Obama administration truly understands it, another indication that the healthcare law is a disaster that needs to be ceremoniously dumped, and as quickly as possible.

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The fourth video showing Medicare fraud released

3:54 pm

We’re here to help you: A fourth video was released today, showing the incredible willingness of Medicare employees to support drug smuggling, prostitution, and a host of other illegal activities in their effort to get applicants approved.

The first video was for me the most damaging — and sadly hilarious — with the government employee telling the so-called Russian drug smuggler and pimp for under-age prostitutes to put “baby-sitting” on his application instead.

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Public debt and the peril of Obamacare

11:51 am

Public debt and the peril of Obamacare.

Countries with universal healthcare fall into two camps:

1. Totalitarian regimes like Cuba and North Korea, and authoritarian Third World countries in the Middle East and Africa.

2. Western nations that free-ride off of American military spending and its provision of international security, but nonetheless run unsustainable budgets with immense debts trying to pay for their social welfare states. [emphasis mine]

In other words, we had better repeal this monstrosity or we face economic collapse, probably preceded by a dictatorship.

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New York City business owners sick over ObamaCare

10:16 am

New York City business owners are sick over Obamacare.

Small to mid-size businesses, which generate close to 70 percent of US jobs, fear ObamaCare could bury them in colossal bills and future paperwork, and are now paying the price as premiums have soared in anticipation of the new regulation. “ObamaCare has been very negative for our business,” Moishe Heimowitz, principal at First Medcare, a 50-employee medical practice based in Canarsie, told The Post. “The high costs of ObamaCare and our present health-care costs have impeded our efforts to hire more people.” [emphasis mine]

Obamacare has done nothing it promised. Why don’t we just bite the bullet, show some courage, and repeal the damn thing before it does more harm?

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Obamacare doesn’t stop Medigap providers, AARP partners from discriminating against seniors

11:31 am

Surprise, surprise! Obamacare doesn’t stop Medigap providers and AARP from discriminating against seniors with preexisting conditions, as had been promised.

This story is just more evidence that the law is a mess, it should never have been passed, and in the future our so-called lawmakers should read the goddamn legislation before they vote on it.

I should add that I think it a very big mistake for the government to forbid insurance companies from denying new coverage to sick individuals. If insurance companies are forced to accept everyone as a new customer, even those who are ill, why bother paying for insurance when you are healthy? Everyone can simply wait until they are sick, and then buy the coverage, thereby getting a lot of insurance for very little investment. The result: insurance companies go bankrupt, as the whole concept of insurance depends on a lot of healthy customers paying the cost, at a low rate, for those who are sick.

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