611 results for search: Alm
Even Walmart can’t handle Obamacare
Earlier this week, Walmart Stores, the largest retailer in the world, announced that effective January 1, it will terminate health insurance[1] coverage for 30,000 part-time employees. Sadly, Walmart is just the latest in a string of retailers – including Home Depot and Target – forced to cut health coverage due to rising costs as a result of the Affordable Care Act.
According to one Walmart official, “This year, the expenses were significant, and led us to make some tough decisions.” The company went on to say that the Affordable Care Act prompted larger-than-expected numbers of Walmart employees to enroll in health plans, driving up the ...
Texas almost opens the door to Obamacare Medicaid exchanges
Last week, the Texas House almost opened the door to expanded Medicaid coverage via the Affordable Care Act. Fortunately, conservatives stepped up to prevent this disaster from happening. The Texas Tribune has the story:
Hours after approving the measure, the Texas House backpedaled on an amendment to the 2013-14 budget that would have opened the door to negotiations on expanding Medicaid, a key provision of federal health care reform.
“A lot of us didn’t really understand what was taking place,” said state Rep. Phil King, R-Weatherford, who voted in favor of the amendment earlier in the day, then joined a united House Republican delegation in ...
Tea Party Patriots Weekly Report from Washington for 9/25/16
CALENDAR:
The House will return on Monday, with first votes scheduled for 6:30 PM. They are scheduled to stay in town through whenever they get their work done – which means, whenever they pass a Continuing Resolution.
The Senate will come back on Monday and return to consideration of H.R. 5325, the vehicle for the FY17 Continuing Resolution, but the first vote will not be until 2:15 Tuesday afternoon, after the two parties’ weekly lunches. The first vote will be on a motion to invoke cloture on the McConnell substitute amendment to the bill, which is another way of saying the first vote will be on a motion to invoke cloture on the C.R. ...
President Obama: Regulator in chief
President Obama in his almost eight years in office has upped the number of major regulations 31 percent over his predecessor George W. Bush adding more than $750 billion in overall costs to business and citizens and nearly 500 million more hours of paperwork, according to recent analysis.
The Washington Examiner has the details:
Businesses and conservative politicians have complained that the overwhelming burden of new federal regulations, especially in the health and financial world, has led to massive job cuts and bankruptcies.
But the administration shows no sign of slowing down in the final leg of its eight years, said analyst Sam Batkins, ...
U.S. News & World Report: U.S. ‘dangerously’ in debt
The U.S. has only to look at other nations’ financial crises to see what’s in store for us if Congress doesn’t tackle our mushrooming national debt, says one economic expert.
U.S. News & World Report has the details:
Recent research shows that economic growth is even more vital for a nation's ability to sustain its public debt than economists used to think. Statistical analyses reveal that many debt crises in emerging economies have been caused by declines in growth. In advanced economies, the largest increases in debt ratios occurred when policymakers mistook a prolonged decline in growth for a temporary recession, and failed to cut ...