Tag Archive: Health Insurance


Obamacare ‘Rate Shock’ Hits Ohio With 88 Percent Insurance Hikes

 

” The Ohio Department of Insurance predicts premiums in 2014 will rise by 88 percent, a direct result of President Obama’s Patient Protection and Affordable Care Act.

The average cost of insurance premiums will stand about $420, “representing an increase of 88 percent” compared to 2013, thedepartment reported, Forbes said.”

 

 

But we thought costs were going to be lower under the Democrat’s wonderful plan , isn’t that what we were told ?

 

 

” State officials aren’t surprised. They’ve cautioned about the “rate shock” since the early days of Obamacare, Forbes reported.

“We have warned of these increases,” said Lt. Gov. Mary Taylor, in a statement reported by Forbes. “Consumers will have fewer choices and pay much higher premiums for their health insurance starting in 2014.” “

 

    Affordable is all in the eye of the beholder . If you are a Washington fatcat with taxpayer provided healthcare then it is indeed affordable . If you are a private citizen , the not so much . 

 

 

 

 

 

 

 

 

 

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Consumers Set to Repeal a Big Part of the Health Care Law

 

” Perhaps the biggest news came last week when The Wall Street Journal reported that the mandates for comprehensive coverage apply to just 30 million out of 160 million Americans with private insurance: “A close reading of the rules makes it clear that those mandates affect only plans sponsored by insurers that are sold to small businesses and individuals, federal officials confirm.”

Earlier, The New York Times had reported that there was another way around the mandates: “Companies can avoid many standards in the new law by insuring their own employees.” Government regulators are busily trying to stop companies from taking that option.”

 

 

 

 

 

 

Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%

 

 

” One of the most serious flaws with Obamacare is that its blizzard of regulations and mandates drives up the cost of insurance for people who buy it on their own. This problem will be especially acute when the law’s main provisions kick in on January 1, 2014, leading many to worry about health insurance “rate shock.”

If you’re a 25 year old male non-smoker, buying insurance for yourself, the cheapest plan on Obamacare’s exchanges is the catastrophic plan, which costs an average of $184 a month. (That’s the median monthly premium across California’s 19 insurance rating regions.)

The next cheapest plan, the “bronze” comprehensive plan, costs $205 a month. But in 2013, on eHealthInsurance.com (NASDAQ:EHTH), the average cost of the five cheapest plans was only $92.

In other words, for the average 25-year-old male non-smoking Californian, Obamacare will drive premiums up by between 100 and 123 percent.”

 

 

 

 

 

 

 

 

 

Obamacare: Taxpayers Must Report Personal Health ID Info To IRS

 

 

 

” So why will the Obama IRS require your personal identifying health information? 

Simply put, there is no way for the IRS to enforce Obamacare’s individual mandate without such an invasive reporting scheme.  Every January, health insurance companies across America will send out tax documents to each insured individual.  This tax document—a copy of which will be furnished to the IRS—must contain sufficient information for taxpayers to prove that they purchased qualifying health insurance under Obamacare.

This new tax information document must, at a minimum, contain: the name and health insurance identification number of the taxpayer; the name and tax identification number of the health insurance company; the number of months the taxpayer was covered by this insurance plan; and whether or not the plan was purchased in one of Obamacare’s “exchanges.” “

 

 

 

 

 

 

 

President Says Obamacare Is Going Great

 

 

 

“ Obamacare is “working fine,” President Obama said yesterday in his press conference. It’s made health insurance “stronger, better, more secure than it was before.”

Right. There’s nothing to worry about, which is why Members of Congress are trying to exempt themselves and their staffs from Obamacare.

In reality, health insurance premiums are rising, and states—meaning taxpayers—are staring down some astronomical expenses. A new study from the Government Accountability Office cites Obamacare and Medicaid costs as budget busters for states that are just starting to get their budgets in order.”

 

 

>>> See How Much Obamacare’s Medicaid Expansion Would Cost Your State

 

 

 

 

 

CVS’ ‘Progressive’ New Health Plan Forces Employees to Surrender Their Privacy

 

 

 

 

 

” CVS pharmacies is responding to ObamaCare by ordering its employees to reveal deep personal information or face higher insurance premiums.

The company announced Wednesday what it called “A Plan for Health,” that features a mix of rewards and penalties for employees.

Among the measures, employees must report their weight, body fat, cholesterol, blood pressure and blood sugar levels. Workers must also be tobacco free or enroll in an addiction program by next year.

As Yakov Smirnov might say, in Soviet Russia, your pharmacy prescribes YOU.

Employees who refuse will have to pay $50 more for health coverage each month, totaling $600 a year.

In a video released by CVS, a top executive said the plan is progressive and cutting edge. “These changes aren’t just about costs, they’re about us, each of us taking personal accountability for our own health,” said Lisa Bissacia, Senior Vice President and Chief Human Resources Officer. “

 

 

 

 

 

Congressional Report: Obamacare Leads to Skyrocketing Premiums, 200 Percent Possible

 

 

 

” An exhaustive study by three congressional committees delivers startling news about the dire effects of Obamacare: President Barack Obama’s signature legislation could increase health insurance premiums by over 200 percent and render insurance coverage unaffordable for millions of Americans.

Broadly, the new report declares that Obamacare “breaks its core promise” to make healthcare coverage affordable.

The report, “The Price of Obamacare’s Broken Promises,” was prepared by the House Committee on Energy and Commerce, Majority Staff; Senate Committee on Finance, Minority Staff; and Senate Committee on Health, Education, Labor and Pensions, Minority Staff.

“Studies and analyses from the Congressional Budget Office, independent actuaries, state insurance commissioners, health plans, benefit consultants, and others have reached the same conclusion: Obamacare will significantly increase premiums,” the congressional report states.

“Some estimates show some Americans facing startling premium increases of 203 percent because of the law.”

Illustration by Rick McKee

 

 

 

Shocker: Universal Orlando To Drop Part Time Health Coverage Because of ObamaCare

 

 

 

” President Obama confidently stated in 2009, “If you like your health care plan, you can keep your health care plan,” …unless you are one of the 7 million people the non-partisan Congressional Budget Office is estimating that will lose their employment based health insurance. Fail.

Need some more concrete evidence? Check this out:

Universal Orlando plans to stop offering medical insurance to part-time employees beginning next year, a move the resort says has been forced by the federal government’s health-care overhaul.”

STATES CUTTING EMPLOYEE HOURS TO AVOID OBAMACARE COSTS

 

 

 

” The costs of Obamacare are not just hitting businesses this year–they are also hitting the government, and public employees as well. Virginia, for example, is about to limit part-time employeesto 29 hours per week in order to avoid triggering Obamacare’s requirement that employers provide health insurance to those working 30 hours per week or more. The state cannot afford the $110 million annual cost of insurance.

Elsewhere, public institutions are taking similar steps to limit part-time work. In Ohio, Youngstown State University recently announced a 29-hour-per-week part-time limit, and placed employees on notice that they would be fired if they worked more than the maximum. Other public universities are doing the same across the nation, just as their private-sector counterparts are limiting part-time hours to avoid the Obamacare rule.

In addition to limiting part-time hours, many institutions–public and private–are moving employees from full-time to part-time status to avoid Obamacare requirements. Doing so means facing the ire of left-wing institutions such as John Podesta’s Think Progress, which recently castigated a Wendy’s franchise for cutting employees’ hours. Yet there is little most businesses can do–they are merely responding to incentives written into law.”

OBAMACARE LAYOFFS, HIRING FREEZES BEGIN

 

 

 

” “It will have a negative impact on job creation” this year, says Mr. Zandi.

The Obamacare employer mandate doesn’t go into effect until January 1, 2014, but the government requires businesses to track worker schedules for three to 12 months in advance.  That means many employers plan to get a jump start on avoiding Obamacare’s $2,000 per-worker fine by firing workers now, reducing employee hours, or replacing full-time employees with part-time workers.

A survey by the International Franchise Association finds that 31% of franchisees say they plan to cut staff to duck under Obamacare’s 50-employer mandate.  And another study byMercer consulting firm found that half of businesses who don’t presently offer health insurance plan to reduce employee hours to avert triggering Obamacare’s penalties.”

Obama’s Campaign of Lies Reaches
Despicable Low

” Unable to run on his record, President Hope-and-Change has built a campaign based entirely on scurrilous lies about Mitt Romney.
But the latest reaches a historic, despicable low. That ad features a man claiming that after Bain
Capital closed his steel plant, he lost his job and his insurance, and shortly thereafter his wife died of cancer. “

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