Obamacare

What the Hobby Lobby Ruling Means for Obamacare

20140630-Supreme-Court-Obamacare-Ruling

A Supreme Court Obamacare ruling in the hotly contentious Burwell v. Hobby Lobby case was just issued this morning (Monday).

In a 5-4 ruling, the High Court decided that closely held, for-profit corporations can choose to opt out of the Obamacare provisions that require employers to provide no-cost contraceptive prescriptions to employees.

Here’s what the Hobby Lobby Obamacare decision means for U.S. healthcare – and your wallet…

Obamacare: This One-Act Tragedy Is Nothing but a Bill of Goods

20140618-Obamacare

The future of Obamacare isn't bright.

That's because the Affordable Care Act is going to be anything but affordable. It's going to get more and more expensive, as if it's not already outrageously overpriced hype.

What is Obamacare, really? It's a make-richer scheme for insurance companies.

And while you can bet you'll see a premium increase this year, the real pain will begin in 2017 - and then get progressively worse.

This is an abomination...

These Stocks Will Prosper Regardless of Obamacare's Fate

Now that all the key deadlines for Obamacare have finally taken effect, a lot of tech investors are busy trying to figure out how this will affect their portfolios.

It's easy to see why. This is the largest and most fundamental change to hit the healthcare sector in decades.

Not only that, but Wall Street is currently trying to pick the winners from the losers - and frankly isn't doing a particularly good job of it.

Fact is, Obamacare is at least partly responsible for some of the biotech sector's recent sell-off... Full Story

The New Obamacare Delay Is Purely Political

Obama mean

Yesterday (Wednesday), the Obama administration announced a new Obamacare delay as a political move to protect vulnerable Democrats during midterm elections.

Insurers are now permitted to keep offering health insurance plans that don't meet the coverage requirements mandated by Obamacare. The extension will presently last for two years.

To continue reading, please click here...

New CBO Report Shows Obamacare Joblessness Worse Than We Thought

Jobless

The nonpartisan Congressional Budget Office (CBO) reported in Aug. 2010 that Obamacare would increase joblessness. But a new report shows the CBO greatly underestimated both how many jobs would be lost and the reason behind losing them.

The 2010 CBO report showed that the healthcare law would result in 800,000 fewer jobs by 2021.

The report said this Obamacare-prompted joblessness would be caused by employers' response to Obamacare penalties. Employers would cut hours, hire fewer workers, and lower wages in order to avoid penalties for failing to offer insurance to employees who work more than 30 hours per week.

But here's what the CBO is saying now...

To continue reading, please click here...

How Obamacare Has Failed the Uninsured in One Chart

Obama mean

That the Affordable Care Act has so far fallen well short of its primary goal of providing coverage for most of the nation's 48 million uninsured has become increasingly clear as the sign-up data has trickled out.

So far, 3 million people have signed up for Obamacare, less than half of the target number of 7 million enrollees estimated by the Congressional Budget Office.

To continue reading, please click here...

Obamacare Cybersecurity Bill Not Enough to Protect Personal Info

H

Today (Friday), the U.S. House of Representatives passed an "Obamacare cybersecurity bill" that helps protect people from the gaping security hole that is the Obamacare website.

The Health Exchange Security and Transparency Act, H.R. 3811, is a one-sentence bill that simply requires customers to be notified of any Obamacare website security breach no later than two business days after its discovery. It was passed in a 291-122 vote, with 67 Democrats breaking ranks in support.

Prior to this bill, there was no legal requirement for the Department of Health and Human Services to notify an individual if his or her personal information had been breached.

To continue reading click here...

Are These Obamacare Changes Unconstitutional?

U.S. constitution

The U.S. Supreme Court may have upheld the constitutionality of Obamacare in June of 2012. But what of the unilateral changes President Obama has made to the law since then? Are they constitutional? A group of 11 attorneys general say they are not, and that they illegally change the intent of the legislation.

Here’s the story behind this letter of the (Obamacare) law…

Update: Flailing Obamacare Website Swallows $1 Billion in U.S. Taxpayer Dollars

Mouth, dollar, one

Health and Human Services Secretary Kathleen Sebelius told Congress the dysfunctional Obamacare website, Healthcare.gov, cost $175 million. Meanwhile, the Government Accountability Office came up with a $394 million price tag. But a Bloomberg Government Analysis has tallied up its true cost - a cool $1 billion.

Now wait until you see how all that taxpayer money was spent...