What Is Obamacare
Everyone agrees the Obamacare launch has been a total disaster, but the reason why it has been such a disaster is the real scandal.
The Obama administration spin machine has been running in overdrive trying to convince a skeptical American public that the Oct. 1 Obamacare launch went bad for technical reasons. They said traffic from a populace thrilled that the insurance exchanges had finally arrived overwhelmed the site.the administration itself sabotaged the central tool of its heallhcare overhaul...
Early Problems with Obamacare Are Bigger Than a Glitch
After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government's healthcare exchanges should have been ready to go.
But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.
"These are not glitches," an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. "The extent of the problems is pretty enormous. At the end of our calls, people say, 'It's awful, just awful.'"Here's why Obamacare is falling apart and what that means for you...
5 New Obamacare Facts You Need to Know
Keeping you up to date on the latest Obamacare facts - Today (Tuesday) marks the beginning of the much-anticipated Obamacare open enrollment for the new marketplaces - which hasn't gone smoothly.
The federal government operates these marketplaces, or exchanges, across 36 states, and the Obama administration anticipates seven million people will apply for coverage across the six-month open-enrollment period.
The exchange rollout comes as a wash of just-released polls on Obamacare shows the public hasn't embraced our country's new healthcare law.
That's why U.S. President Barack Obama has ramped up speeches and interviews this week addressing Obamacare facts and issues, along with party leaders across the country.
And he has plenty to address...Read more...
Obamacare Facts: Support Slips to 39%; Defund Talk Gets Louder
Americans following the stream of Obamacare facts out of Washington aren't as happy with the new law as they were before, according to a new poll.
According to this just-released CNN/ORC International survey, support for the Affordable Care Act, better known as Obamacare, slipped from 51% in January to a current low of 39%.
Support dropped in all demographics, with the steepest slide in two core Democratic groups: women and Americans making less than $50,000.
Obamacare Facts: The Affordable Care Act by the Numbers
There are a lot of important Obamacare facts and numbers you can't afford to ignore.
Let's start with the enormity of U.S. President Barack Obama's signature healthcare bill. To date, some 2,572 pages of regulations have been written (more are expected).
More familiar numbers tied to Obamacare include 50 - the headcount at which companies must provide insurance or pay a fine ($2,000).
Now consumers have less than one month until the next round of Obamacare regulations kick in Oct. 1, with open enrollment in the online Health Insurance Marketplace (formerly called exchanges).
When looking into the facts and full impact of Obamacare, here are 15 of the most important numbers you need to know:
Fight Club: Is Healthcare (aka Obamacare) a Right?
The always vocal, usually incorrect and always extremely left Congresswoman Sheila Jackson Leerecently said:
"Healthcare is a right! It should be in the Constitution. Although it was not listed per se in the Constitution, it should be!"
Many who support Obamacare think socialized medicine is a right.
I tuned in to a national television show to see how she would defend her silly dribble, not surprisingly she was a no show!
My short answer to her and my opponent this week: "What a load of crap!I don't believe anything tangible can be a right." And neither should you!
Healthcare is a tangible item, like a house, a car or a wide screen TV.
Just to clear up any doubt: You are invited to read my cliff notes on the Constitution below but it would be better if you took the time to read them in their entirety.
It had been awhile since I read the Bill of Rights, I had forgotten how rich with human spirit they are!
The Scariest Obamacare Facts Yet
There have been fears surrounding the "real" Obamacare facts since the Affordable Healthcare Act was first mentioned.
"An unfolding disaster for the American economy," 2012 Republican presidential frontrunner Mitt Romney said of Obamacare. Fellow candidate Rick Santorum called it "the beginning of the end of freedom in America."
Signed into law on March 23, 2010, Obamacare was peddled to Americans as the answer to the precarious problems plaguing the country's healthcare system.
Among its promises were: uninsured Americans were to gain coverage through an expansion of Medicaid; insurance providers couldn't deny coverage to individuals with pre-existing conditions; employers had to offer health insurance to employees; and costs would come down.
As many Obamacare provisions start to kick-in, the nation is finding out how the sweeping health care overhaul fails to live up to its promises.
At over 20,000 pages long, the legislation is full of stipulations chipping away at what it claimed it would achieve.
Following are some of the most alarming Obamacare facts uncovered to-date.
Why Workers Are Getting Squeezed by Obamacare
Obamacare stipulates that large employers don't have to provide health insurance to those working fewer than 30 hours a week.
As a result, critics say, employers have increasingly cut worker hours to stay within the limit.
Fox Business' Stuart Varney noted Monday the latest jobs report showed 278,000 people were pushed involuntarily into part-time work when they wanted full-time work.
"In large part, that's because Obamacare's coming down the pike," Varney said.
The squeeze isn't happening only in the United States.
In Japan, employers have been limiting workers' hours to avoid paying health insurance for them for decades, Money Morning Chief Investment Strategist Keith Fitz-Gerald said on Fox Business' "Varney & Co."
Check out this video to hear Keith's take on the Obamacare provision and how it will affect American employees.
How to Trade the Obamacare Ruling
During a visit today (Wednesday) to Fox Business' "Varney & Co." program, Money Morning's Keith Fitz-Gerald tackled the issues surrounding the Obamacare ruling and how investors can trade the news.
Since the U.S. Supreme Court is scheduled to announce its Obamacare ruling tomorrow, we wanted to share with you this Q&A session with Keith on what you need to know about the decision.
Keith also shared what he thinks of Facebook stock as the market is flooded with analyst opinions from the underwriting firms.
You can see all of Keith's analysis in the video below.
Q, from "Varney & Co." host Stuart Varney: The Obamacare ruling is imminent. Will insurance companies tank if it's repealed, and how would you trade that?
A, Keith Fitz-Gerald: I can see this going two ways...
1)If it's upheld, insurance companies will make bank, but businesses offering services to small and mid-cap companies that are likely to be hamstrung are going to do better. That includes Paychex Inc. (Nasdaq: PAYX) or Express Scripts (Nasdaq: ESRX), for instance. Both will help small companies spend their healthcare dollars more efficiently.
2)If struck down, big insurance companies will have to retool and restructure as they are the ones that hold the biggest stake in this debate. It's a little late to make that bet today, but when the ruling is announced we'll have some clarity and can make a decision then.
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