429 results for tag: Healthcare


Financial records of failed New York Obamacare co-op mired in secrecy

Documents that would explain why Health Republic of New York, one of 13 failed Obamacare co-ops, went under are not being released by the regulators at the New York Department of Financial Services despite a freedom-of-information request. The Daily Caller has the details: New York Department of Financial Services (DFS) reportedly launched an official investigation in September 2015 of Health Republic of New York for “substantial under-reporting” of its finances. Health Republic is one of 13 Obamacare non-profit health insurance co-ops that have failed since the $2.5 billion program’s 2012 launch to compete with commercial for-profit ...

Aetna CEO: ‘We continue to have serious concerns’ about Obamacare marketplace

The chief executive officer of the third-largest health insurer in the nation this week said his company, Aetna, has some major misgivings about the viability of the public exchanges created under the president’s signature health-insurance law. The Hill has the story: “We continue to have serious concerns about the sustainability of the public exchanges,” Mark Bertolini said on an earnings call Monday, according to prepared remarks. He said the company remained concerned about “the overall stability of the risk pool.” Many insurers, including Aetna, have been losing money on the ObamaCare marketplaces, also known as exchanges, in ...

CBO: Obamacare-enrollment projections down 40 percent in 2016

A mere 13 million Americans are expected to enroll in Obamacare this year – a dramatic decrease compared to earlier projections, the Congressional Budget Office said Monday. The Hill has the details: The figure, which was included in an expansive budget report, is a decline of about 40 percent from last year’s enrollment prediction of about 20 million people. The latest projections confirm the Obama administration’s previous assessment that fewer people are signing up as the marketplace closes in on its third enrollment season — the final one under President Obama. The new report also underscores the challenges facing the incoming ...

Rural Texans in no hurry to sign up for Obamacare

Fewer insurers in remote regions combined with higher health-insurance premiums are the reasons Texans in less populated areas of the state aren’t clamoring to “get covered” by Obamacare, according to a Stanford University study. Texas’ Lubbock Avalanche-Journal has the story: “Small rural coverage regions under the Affordable Care Act have fewer insurers to choose from and higher prices relative to similar rural markets that get grouped in with larger urban markets nearby,” the report states … “Our association does not have any hard data, but as we talk to the rural hospitals, the sense that they continue to share with us is ...

New York Post skewers Obamacare in recent editorial

The New York Post editorial board ripped into Obamacare in a Sunday editorial titled “Beyond Obamacare — the light at the end of the tunnel,” underscoring how disastrous the so-called “Affordable Care Act” has been for the ill and non-ill alike. Read the scathing editorial here: Start with Obama’s “If you like your insurance, you can keep your insurance” lie: In fact, his law canceled the policies of at least 6 million Americans. Yet the worst lie may have been calling it the Affordable Care Act. These plans are terrible for anyone who actually gets really sick. Policies sold on the exchanges have high deductibles, plus stiff ...

Tea Party Patriots urges President Obama to sign Obamacare repeal into law

Atlanta, GA – Tea Party Patriots President and co-founder Jenny Beth Martin released the following statement tonight urging the President to sign Congress’ bill repealing most of Obamacare into law. “Since the modern Tea Party movement began in 2009, one of the biggest issues motivating our grassroots supporters has been the effort to repeal Obamacare. In 2014, Tea Party activists and conservatives, motivated by the goal of repealing Obamacare - and countless promises from candidates they would do so - turned out to the polls in droves and gave the GOP control of the Senate to go with its House majority. Now, Congress has finally sent a bill to ...

Even the NYT acknowledges one reason why Americans despise Obamacare

The New York Times Sunday ran a story detailing the reason millions of Americans are choosing to forego health insurance and instead opt for the IRS penalty: because it's the less expensive of the two options. Here's the story from the New York Times: Clint Murphy let the deadline for getting health insurance by the new year pass without a second thought. Mr. Murphy, an engineer in Sulphur Springs, Tex., estimates that under the Affordable Care Act, he will face a penalty of $1,800 for going uninsured in 2016. But in his view, paying that penalty is worth it if he can avoid buying an insurance policy that costs $2,900 or more. All he has to do ...

GOP leaders set their sights on dismantling Obamacare in 2016

Republican leaders their first week back in session plan to vote on a House bill that would roll back numerous Obamacare mandates. The Hill reports: The vote on the legislation, which has already passed the Senate, will set up a veto battle with the White House just ahead of President Obama's State of the Union address on Jan 12. After the bill’s passage, which could take place as early as Jan. 6, Obama would have 10 days to veto the bill. Lawmakers would then take a vote to override the president's veto, a vote that is doomed to fail. Speaker Paul Ryan (R-Wis.) had already said that a vote to roll back ObamaCare would be a top priority in ...

5 Times Obamacare was terrible for America

It’s no surprise that President Obama set a red tape record this week, reaching 545,857 total pages of regulations since his administration began in 2009. What can you expect when a president’s landmark legislation saddled American businesses and families with a costly, complicated healthcare mandate? Whether it’s shutting down schools or closing your favorite local restaurant, Obamacare has been bad for America since it was signed into law more than five years ago. Here are five examples from this year showing how badly we need to repeal Obamacare. The healthcare mandate was too much for a Nashville, Tenn.-based deli that closed its ...

Obamacare forcing longstanding neighborhood deli in Nashville to close its doors

A Nashville, Tenn.-based deli is closing its doors after nearly 20 years in business in part because of the looming expense of the employer mandate under Obamacare, which requires employers with a staff of 50 or more to provide health-insurance to all full-time employees. The Daily Signal has the scoop:  “Having more than 50 full-time employees means you have to comply with the Affordable Care Act, and it was an unknown risk of how much it was going to cost,” he told The Daily Signal. “But it was going to be significant, and take a lot of time and labor to take care of the transition and the reporting and the forms.” Loventhal ...