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Sebelius Testimony Exposes an Alarming Truth About Obamacare
After avoiding Congress for a week, Health and Human Services Secretary Kathleen Sebelius finally addressed the Obamacare launch disaster yesterday (Wednesday) – three years and roughly $175 million in taxpayer dollars later.How could this have been allowed to happen?
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...
How Obamacare Will Affect Medicare
We've talked about how Obamacare will affect our regular health insurers and routine doctor visits, but how about how Obamacare will affect Medicare?
We've all known for a while that the future of Medicare, the program than provides health insurance to seniors, is in dire straits. What we're just finding out is that Obamacare is making it worse.
The White House's decision earlier this month to postpone part of U.S. President Barack Obama's signature healthcare reform (the employer mandate that will fine businesses that don't offer employees insurance) underscores how flawed the bill is and how unprepared we are for its full roll-out.
Is Obamacare Creating a Part-Time America?
America has become a part-time nation. The Bureau of Labor Statistics recently reported that in June part-time employees in the labor force reached an all-time high of 28 million, 3 million more than when the recession began in 2007.
The economy lost 240,000 full-time jobs in June and added 360,000 part-time jobs, the BLS noted. Of the 753,000 jobs created this year, 589,000 were part time.
The real unemployment rate in June, the U6, stood at 14.3%, up from 13.8%, a figure that includes part-time workers seeking full-time jobs and those who have become discouraged and are no longer looking for work.
Now many economists and many in the financial press with sympathies to the administration have attributed the rise in part-time America to uncertainty among employers about future profitability and growth and not to the looming Obamacare mandate.
It's ironic that in trying to play down Obamacare's influence on the job market, they end up dissing the president's stewardship of the economy.
However, Obamacare has likely played a significant role in the part-time job wave. Under the Affordable Care Act, companies with 50 or more full-time workers must provide health insurance to all full-time employees, those working 30 or more hours per week.
So if your workers don't work 30 hours per week you don't have to provide health insurance. It makes economic sense to have a part-time work force in many cases. Even with the administration's recent one-year extension of implementing the employer mandate until 2015, most small companies are still preparing to it.
A reported 74% of small businesses are positioning themselves to slash hours, layoff workers or both.
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!
Nearly Half of Americans Say Obamacare is a Bad Idea
Obamacare critics have maintained from day one the president's signature healthcare bill is disastrous and doomed to fail.
Now with just months until the bill takes full effect, more and more Americans are beginning to think the same thing.
According to recent NBC News/Wall Street Journal poll, support for the Affordable Care Act is slipping.
The fresh poll shows 49% of Americans say President Barack Obama's health care reform bill is a bad idea. That's the highest percentage since the poll began measuring backing and opposition for the reform in 2009. Only 37% say the plan is a good idea.
The numbers reflect a sharp increase in disapproval since July 2012 following the U.S. Supreme Court's decision to uphold President Obama's healthcare overhaul. At that time, 44% of survey respondents called it a bad idea vs. 40% who called it a good one.
The latest poll also revealed 38% of participants said they and their families will be in worse shape under the new health care law, the highest negative outlook percentage toward Obamacare since it was signed into law in 2010.
Now just 19% say they will be better off while 39% say the law won't make much difference.
Meet the Controversial "Bad Actor" Who Will be in Charge of Your Health Care
Amid a wash of government scandals, America is vulnerable right now. Actions taken by the IRS have left us feeling utterly degraded by the Obama administration.
And another Washington scandal we see brewing won't make Americans feel any more comfortable about the power granted in our nation's capital.
You see, there's an unelected official who is known as a bad actor, and she's about to be granted broad, undefined power over the people of this country.
The source of her power: Obamacare.
I'm talking about the U.S. Secretary of Health & Human Services, Kathleen Sebelius, who come 2014 could be in charge of your health care.
How the Sequester is Killing Healthcare Jobs
Sequester-driven budget cuts to Medicare are threatening to spur massive job cuts in the healthcare industry.
And the pain doesn't stop there – the sequester cuts are already making healthcare harder to obtain for some Medicare patients.
Unfortunately, this is just the beginning. The longer Congress allows sequestration to continue, the deeper the cuts will go and the more widespread their impact.
When President Barack Obama and Congress failed to reach agreement on $1.2 trillion in cuts to federal spending before March 30 — as mandated by the Budget Control Act of 2011 — the sequester kicked in.
Medicare providers faced mandatory 2% across-the-board reductions in their reimbursements.
After the cuts went into effect on April 1, hospitals, doctors, insurers, prescription drug plans, and other healthcare providers immediately felt the impact.
In short, the sequester is delivering precisely the kind of broad, damaging and indiscriminate cuts that politicians warned would happen.
And as each day passes, the drastic consequences grow worse.
Healthcare Costs: Same Procedure is $7,000 Here and $100,000 There
When it comes to healthcare costs, Americans have been left in the dark.
Unlike when booking a hotel or buying a new flat-screen TV, Americans haven't had easy access to cost-comparison measures when deciding where to have their medical procedures done.
Turns out, if we had, some of us could have saved tens of thousands of dollars…
Healthcare Stocks Start to Feel Pinch from Obamacare Law
When the Supreme Court upheld the Obamacare law last year, many pundits set about predicting the winners and losers among healthcare stocks.
Now that full implementation of the Affordable Care Act is less than a year away, it's starting to look like the law will produce mostly losers.
Fallout from Obamacare has had a negative impact on the first-quarter earnings of many healthcare companies, a bad sign with so much time left before the law hits full force.
So far, we've seen disappointing reports from healthcare stocks in areas as diverse as medical testing, hospitals, insurers, and medical device makers.
"It's still early in the reporting season, but so far, it all points to softness," David Heupel, senior healthcare analyst at Thrivent Investment Management, told Reuters.