When President Barack Obama was working to “sell” the Affordable Care Act (ACA), also known as Obamacare, one of the primary claims he made was that the costs associated with providing some 30 million Americans with health insurance could be offset by reducing government mismanagement and fraud. But the more time Americans have had to experience the health care reform legislation first-hand, the more obvious it has become that, like virtually all government-controlled social experiments, Obamacare’s waste of taxpayers’ money has grown to epic levels.
Tagged: affordable care act
Six Americans in black robes have, yet again, saved the Affordable Care Act (ACA) from a major crisis, but the most important part of this story for young people is their atrocious ruling will cause significant problems for the nation’s youngest and healthiest citizens.
As many as 6 million people are facing higher taxes today because they decided the insurance offered to them under the Affordable Care Act was not worth the price, even after government subsidies. Another 3.4 million people will pay higher taxes because they failed to accurately predict their income when they obtained their insurance.
The Congressional Budget Office (CBO) released a report on March 9 projecting Obamacare premium prices to outpace both private insurance premiums and government spending between 2016 and 2018.
Dr. Emanuel’s real reason for discouraging annual physicals seems to be his expert-driven insistence on making Obamacare work despite the odds. In essence, the Affordable Care Act is yet another wealth transfer scheme, from the healthy to the sickly, from the middle class to the lower class.
Peter Ferrera joints The Heartland Institute’s Budget and Tax News managing editor Jesse Hathaway to discuss a new Policy Brief published by the Heartland Institute, “Power to the People: Repealing and Replacing Obamacare with Patient Power.”
Research Fellow Sean Parnell talks with Jeff Anderson, Executive Director of the 2017 Project. The two discuss Anderson’s organization’s plan for replacing Obamacare with a more market-friendly system. The 2017 project is based on a combination of tax credits, reform of the individual insurance market, and high-risk pools.
“No. I — I did not. Uhhh, I just heard about this… I — I get well briefed before I come out here. Uh, th-th-the fact that some advisor who never worked on our staff, uhh, expressed an opinion that, uhh, I completely disagree with wuh, uhh, in terms of the voters, is no reflection on the actual process that was run.” — President Obama replying to a question about Jonathan Gruber at the conclusion of the G-20 Conference in Brisbane, Australia.
On August 6, 2014, Sean Parnell did a presentation about his new book, The Self-Pay Patient: Affordable Healthcare Choices in the Age of Obamacare as a part of The Heartland Institute’s Author Series. During the presentation, Parnell explained why he wrote the book, what it means to be a self-pay patient, why one might want to be a self-pay patient, and what the book means for the free-market healthcare movement.
The myriad executive branch Departments, Agencies, Commissions and Boards have been in omni-directional fashion vastly exceeding their authority – doing things that are clearly the Constitutional purview of (amongst other others) the legislative and judicial branches.
It’s too soon for champagne, but perhaps a beer is in order. In a 2-1 decision in the case of Halbig v. Burwell, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Internal Revenue Service cannot interpret the Affordable Care Act, also known as Obamacare, as allowing subsidies for those Americans who purchase health insurance from the federal health insurance exchange known as Healthcare.gov. This is because the text of the law specifies that subsidies or tax credits are available for insurance purchased on state-created exchanges.
Today, the Manhattan Institute re-released its Obamacare Interactive Map. The map is one of the most comprehensive and useful tools for people looking to determine how Obamacare will affect their healthcare premiums. Presenting data by county, individuals can see just how costly the “affordable” care act is going to be.
The news that some forty veterans died whlle waiting to receive care from a Phoenix Veterans Affairs hospital—care that was denied because of bureaucratic chicanery—will seem small in comparison to[…]
Medicaid expansion is an expensive endeavor that studies show does not provide better or more-affordable health care. Many of the expansion plans that Pennsylvania legislators are considering would use federal[…]
It’s Tax Day in America. Which brings to mind one of the late, great Ronald Reagan’s many great lines: “Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15.”
I don’t agree with the New Republic’s Jonathan Cohn very often, but in a recent article he said, “everybody should be cautious about making firm pronouncements about how the Affordable Care Act is doing.” Amen to that.
Of course, Mr. Cohn can’t help himself. He uses that reasonable statement as a launching pad for attacking, “…Cruz, Barrasso, and all the other hard-core Obamacare opponents on the right.” He just can’t imagine why these people might be skeptical of Administration claims about enrollment.
Who could forget about the botched ObamaCare roll out of last fall by the Obama administration when on September 26 Obama said, “… most of the stories you’ll hear about how ObamaCare just can’t work is just not based on facts. Every time they have predicted something not working, it’s worked.” But when people did start shopping for insurance coverage on October 1, Healthcare.gov crashed.
Ezra Klein recently released a 2-minute clip explaining the need for individual mandates under Obamacare. Man, does that guy talk fast!
Mr. Klein gets most of his explanation about right, with one big exception. He says that a family making $80,000 a year will (eventually) be penalized $2,000 for failing to buy coverage — “less money than health insurance will usually cost you, but you don’t get anything for that money,” he says. Uh, that’s understating things quite a bit. A family insurance policy costs $16,351 according to the most recent employer benefits survey from the Kaiser Family Foundation.