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Health Insurers Making Record Profits As Patients Postpone Care
The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care. The UnitedHealth Group, one of the largest commercial insurers, told analysts that so far this year, insured hospital stays actually decreased. In reporting its earnings last week, Cigna, another insurer, talked about the “low level” of medical use. Yet the companies continue to press for higher premiums, even though their reserve coffers are flush with profits and shareholders have been rewarded with new dividends. Many defend proposed double-digit increases in the rates they charge, citing a need for protection against any sudden uptick in demand once people have more money to spend on their health.
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Obama Approves 204 More New Obamacare Waivers
The Obama administration approved 204 new waivers to the healthcare reform law over the past month, bringing the total to 1,372. "The fact that over 1,000 waivers have been granted is a tacit admission that the healthcare law is fundamentally flawed," Energy and Commerce Chairman Fred Upton said in March.
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35 Million Could Lose Coverage Under ObamaCare!
A number of big employers are considering dropping employee coverage , and a new study from former Congressional Budget Office director Douglas Holtz-Eakin and Cameron Smith suggests that, depending on the details of the insurance employers currently offer, the number could be far higher. According to their analysis, the law “provides strong incentives for employers—with the agreement of their employees—to drop employer-sponsored health insurance for as many as 35 million Americans.” READ ENTIRE ARTICLE
MILLIONS TO LOSE COVERAGE
Companies are beginning to recognize the extraordinary risk of continuing to provide health benefits for their workers under Obamacare. “Many companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government,” according to Fortune magazine, which
reviewed internal company documents. These company reports are the canary in the coal mine warning politicians, businesses, and consumers of the huge upheaval that will be created by Obamacare. No one can afford this new law, especially taxpayers who will foot a much bigger bill for coverage if companies opt out. The only real solution will be to repeal Obamacare and take a step-by-step approach to sensible reform that does not radically disrupt the system.
READ ENTIRE ARTICLE
Health Insurers Making Record Profits As Patients Postpone Care
The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care. The UnitedHealth Group, one of the largest commercial insurers, told analysts that so far this year, insured hospital stays actually decreased. In reporting its earnings last week, Cigna, another insurer, talked about the “low level” of medical use. Yet the companies continue to press for higher premiums, even though their reserve coffers are flush with profits and shareholders have been rewarded with new dividends. Many defend proposed double-digit increases in the rates they charge, citing a need for protection against any sudden uptick in demand once people have more money to spend on their health.
READ ENTIRE ARTICLE
Obama Approves 204 More New Obamacare Waivers
The Obama administration approved 204 new waivers to the healthcare reform law over the past month, bringing the total to 1,372. "The fact that over 1,000 waivers have been granted is a tacit admission that the healthcare law is fundamentally flawed," Energy and Commerce Chairman Fred Upton said in March.
READ ENTIRE ARTICLE
35 Million Could Lose Coverage Under ObamaCare!
A number of big employers are considering dropping employee coverage , and a new study from former Congressional Budget Office director Douglas Holtz-Eakin and Cameron Smith suggests that, depending on the details of the insurance employers currently offer, the number could be far higher. According to their analysis, the law “provides strong incentives for employers—with the agreement of their employees—to drop employer-sponsored health insurance for as many as 35 million Americans.” READ ENTIRE ARTICLE
MILLIONS TO LOSE COVERAGE
Companies are beginning to recognize the extraordinary risk of continuing to provide health benefits for their workers under Obamacare. “Many companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government,” according to Fortune magazine, which
reviewed internal company documents. These company reports are the canary in the coal mine warning politicians, businesses, and consumers of the huge upheaval that will be created by Obamacare. No one can afford this new law, especially taxpayers who will foot a much bigger bill for coverage if companies opt out. The only real solution will be to repeal Obamacare and take a step-by-step approach to sensible reform that does not radically disrupt the system.
READ ENTIRE ARTICLE
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