Tag: regulation

A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

11:00 pm

A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

And there’s also this:

Besides altering the makeup of their workforces, companies said they also plan to change the health benefit packages offered to employees. “Two-thirds of companies will change health benefits in response to ACA,” reads the Fuqua/CFO Magazine report summary. Forty-four percent of CFOs said they are considering reducing health benefits for employees. Thirty-eight percent said that employees and retirees may be forced to contribute more to their health plans.

“The inadequacies of the ACA website have grabbed a lot of attention, even though many of those issues have been or can be fixed,” said John Graham, Duke Fuqua School of Business finance professor and director of the survey, in a press release. “Our survey points to a more detrimental and potentially long-lasting problem. An unintended consequence of the Affordable Care Act will be a reduction in full-time employment growth in the United States,” the study says. [emphasis mine]

So, tell me again why the Republicans in Congress should not challenge the Democrats over Obamacare?

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The Connecticut Obamacare website gave the wrong information for every single insurance plan it offered, and it took a month to fix the problem.

1:48 pm

Good enough for the government: The Connecticut Obamacare website gave the wrong information for every single insurance plan it offered, and it took a month to fix the problem.

This example tells you how egregious the error was:

John Javaruski, a 62-year-old retired actuary from Farmington, said he received a letter dated Nov. 1 after he signed up for an Anthem plan with a $2,000 out-of-pocket maximum and zero deductible. According to the revised schedule of benefits attached to the letter, Javaruski’s plan jumped to $6,250 out of pocket and a $3,000 deductible.

Any private company that did this bad a job would go out of business very quickly. This is the government however, which means they stay in charge and you are required “to embrace the suck.”

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Yup, this sums it up nicely.

9:07 am

Yup, this sums it up nicely.

House Budget Committee chairman Paul Ryan has now accomplished the astonishing task of pushing House Republicans substantially to the left of the Senate GOP. His budget deal, announced Tuesday night, was achieved by shutting conservative Senate Republicans out of negotiations, by resorting to the old trick of spending now while claiming savings later, by ignoring a symbolically important budgetary red line, and by treating as Democratic “concessions” things to which even Democratic budgeteers already had agreed.

The chess equivalent of Ryan’s deal would be trading a castle for a mere pawn. No wonder conservatives are feeling rooked.

The absurdity of this deal is highlighted especially by the ongoing disaster of Obamacare. The Republicans have a very strong negotiating hand right now. They could have actually demanded a repeal of Obamacare in budget talks and thus pushed the Democrats into a corner for which there really is no escape. What would the Democrats do, shut the government down again so that more people could lose their health insurance?

Instead, Ryan behaved as if the Democrats have a Royal Flush and he only had a pair of twos. The stupid party strikes again!

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Trying to hide the disaster that is Obamacare.

8:56 am

Trying to hide the disaster that is Obamacare.

Most of Washington seems to have bought the White House claim that the 36 federal exchanges are finally working, and glory, glory, hallelujah. But if that’s really true, then what explains the ongoing secrecy and evasion?

On Wednesday the Health and Human Services Department continued its Victorian-era strip tease and allowed a glimpse into the Affordable Care Act’s “enrollment” for November. Out of respect for a free press, reporters ought to boycott these releases because they’re so selective that they reveal little about real enrollment.

Then there’s this:

In other nondisclosure news, the House Oversight Committee turned up letters Wednesday showing that [the Obama administration] ordered the private contractors partly responsible for the Healthcare.gov fiasco not to cooperate with congressional investigations or hand over documents.

Meanwhile, Obamacare has so far resulted in more than 4 million people having lost their health insurance, a number that includes those whom the Obama administration claim have at least selected an Obamacare plan.

As the writer above said, glory, glory, hallelujah!

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The Ryan budget deal includes a provision that limits the ability of the Senate minority to block tax increases.

10:49 pm

The stupid party: The Ryan budget deal includes a provision that limits the ability of the Senate minority to block tax increases.

The bill includes language from the Senate Democrats’ budget that voids senators’ ability to raise a budget “point of order” against replacing the sequester cuts with tax increases. The process is quite complicated, but in practice it grants Harry Reid the authority to send tax increases to the House with a bare majority, rather than the 60-vote threshold that would be required under a point of order.

In other words, another example of a Republican getting hosed in negotiations.

Though I have read several conservative reports about this deal that outline some of its positive benefits, on the whole it appears to be another defeat for the right.

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The Republican leadership expresses contempt for any opposition to its budget deal that abandons the cuts imposed by sequestration

11:11 am

The Republican leadership expresses contempt for any opposition to its budget deal that abandons the cuts imposed by sequestration.

The Republican leadership are fools. If anything, this is the moment to push harder, to not only demand that the sequestration cuts stay in place, but to demand a repeal of Obamacare.

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After two months, Obamacare has only enrolled less than 400,000 people, even as it has caused millions to lose their health insurance policies.

9:31 am

Fail! After two months, Obamacare has only enrolled less than 400,000 people, even as it has caused millions to lose their health insurance policies.

To get even these numbers the Obama administration is defining “enroll” as someone who went through the process of picking a plan, but hasn’t yet signed on and actually enrolled in it.

Though these low numbers are partly because of the inability of the Obamacare webpage to function, the real reason is sticker shock. Obamacare has raised the cost of health insurance so much that people simply can’t afford it.

Update: It appears that only 5 to 20% of these so-called enrollees have actually purchased Obamacare insurance.

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The IRS is now harassing the insurance broker who has helped people losing their insurance under Obamacare.

9:39 am

Working for the Democratic Party: The IRS is now harassing the insurance broker who has helped people losing their insurance under Obamacare.

The man received a visit from a Treasury Department Inspector General who demanded personal information about the cancer patient the broker was helping. When this information was refused, the official instructed the broker

to resolve the issue with the IRS immediately, and that if he did not, “you may be visited again by other IRS representatives in your home and we do reserve the right to garnish your wages and lien your assets.”

How nice. Obey the orders of the Obama administration or they will use the IRS to destroy you.

Note also that this harassment is going on right now, six months after the scandal was revealed and Obama claimed he was outraged by it and would put a stop to it. He lied. As he revealed recently in his interview on MSNBC, he sees nothing wrong with this harassment.

I just realized that my post above left out one important detail: The cancer patient had appeared on Fox to describe how he had lost his health insurance because of Obamacare. Almost immediately thereafter both he and his broker received audit notices from the IRS.

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