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Oregon Obamacare co-op shutting its doors

Yet another state exchange created in the wake of the passage of Obamacare has come tumbling down. State officials from the Oregon Health Co-Op announced last week the insurance company is closing its doors, leaving its registrants scrambling to find new health insurance before the end of July. The Daily Signal has the details: Oregon’s Health Co-Op was one of 23 co-ops that launched under Obamacare. The co-ops, or consumer operated and oriented plans, were intended to create competition and choice in areas of the country where consumers had few options. The 23 co-ops—not including Vermont’s co-op, which never opened its doors—received ...

Oregon exchange not the “model” everyone was hoping for

This week saw more trouble in the world of Obamacare. Oregon – once considered the national model for health care reform and state-run exchanges – has decided to dump its exchange[1] and rely on the one run by the federal government. Could this be the beginning of a domino effect? It’s hard not to wonder if Oregon will just be the first of many. The Maryland and Massachusetts exchanges have been plagued with glitches as well. Yet the Obamacare problems in Oregon aren’t just confined within state borders. The state received[2] a total of $305 million in federal taxpayer funding to get its exchange off the ground. Of that, $134 million ...

Study: Obamacare premiums to skyrocket

  A new report out this week says premiums on lower-cost “silver” Obamacare health-insurance plans will go up an average of 11 percent in 2017 – a steep increase amid a stagnant jobs market and staggering levels of national debt many financial analysts predict will become unmanageable in the near future. CBS News has the details: For consumers, the impact will depend on whether they get government subsidies for their premiums, as well as on their own willingness to switch plans to keep the increases more manageable, said the analysis released Wednesday by the nonpartisan Kaiser Family Foundation. The full picture on 2017 premiums ...

Obamacare co-op suing Obama administration for $5 billion – and it just might get the money

Health Republic Insurance of Oregon, one of nearly two dozen co-ops created under Obamacare and which participated in the Obamacare risk-corridor program – a program in which co-ops are reimbursed federal funds for incurring high claims costs – is suing the Obama administration for $5 billion and could circumvent Congress to get it. The Daily Signal has the scoop: According to legal experts, if the Obama administration decided to settle its class action lawsuit with Health Republic Insurance of Oregon, one of 23 co-ops started under Obamacare, and other insurers for all or part of the $5 billion it’s seeking, the money would come from the ...

An Obamacare insurer is suing the government for up to $5 billion

In case you weren’t aware that Obamacare isn’t working, one of its own creations is turning against the so-called Affordable Care Act to the tune of $5 billion. Health Republic Insurance of Oregon, one of the 20 or so struggling insurers created by Obamacare, wants as much as $5 billion from the U.S. government. The Obamacare co-op is bringing a class action lawsuit, alleging that the government has failed “to satisfy its monetary obligations” and will hurt millions of Americans through restricted health plans and rising insurance premiums. Of the 23 originally created, 12 Obamacare co-ops have closed, and nearly all of them lost money ...

Yellow Card: Tax Reform


News Briefing for Tuesday, June 2

TEA PARTY PATRIOTS: End the NSA dragnet (Op-ed) http://www.visaliatimesdelta.com/story/opinion/2015/06/01/end-nsa-dragnet/28276189/ HEALTHCARE: Obamacare's Double-Digit Rate Hikes For 2016 Disclosed “After two years of relatively stable premiums across the country, rates will jump in 2016 by double-digit percentages for individual policy purchasers on public exchanges under the Affordable Care Act in practically every state, according to the first glimpse of proposed costs for next year released by the Obama administration. The rate increases aren’t a huge surprise as health insurers across the country in recent weeks have been disclosing ...

News Briefing for Monday, June 1

TEA PARTY PATRIOTS: Oklahoma's U.S. senators support extending surveillance programs to allow more time for debate “Ahead of a rare Sunday night session in the U.S. Senate, top leaders of the American Civil Liberities Union and the Tea Party Patriots said Friday the law allowing the collection of bulk telephone data should be allowed to expire this weekend. Jenny Beth Martin, president of the Tea Party Patriots, told reporters that the collection of so-called “metadata” regarding Americans’ telephone calls sounded harmless until one considered how much tracking of locations and movement it allowed. “It is violating our freedom and the Bill ...

News Briefing for May 30

TEA PARTY PATRIOTS: Choosing between Big Brother and the Bill of Rights (Op-ed) “Around 1:30 a.m. Saturday, there was a seismic shift in the U.S. Congress. As the Senate deadlocked over what to do about several expiring provisions of the Patriot Act, it became clear that political momentum had moved away from surveillance and secrecy toward freedom and privacy….” http://www.latimes.com/opinion/op-ed/la-oe-0529-abdo-martin-nsa-20150529-story.html ACLU and Tea Party leaders unite against surveillance “It takes a travesty most vile to compel two groups that are essentially polar opposites to get together and call for reform. Enter the ...

News Briefing for Thursday, May 28

HEALTHCARE: Overhead costs exploding under ObamaCare, study finds “Five years after the passage of ObamaCare, there is one expense that’s still causing sticker shock across the healthcare industry: overhead costs. The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the Health Affairs blog. The $270 billion in new costs, for both private insurance companies and government programs, will be “over and above what would have been expected had the law not been enacted,” one of the authors, David Himmelstein, wrote Wednesday. ...