One major concern of Obamacare is its huge incentive for businesses to dump employer-sponsored coverage. Recently, the Obama Administration acknowledged that this is likely, though it did so in an attempt to portray it as a positive outcome of its signature legislation. In reality, Americans will experience severe consequences if this effect of the new law comes to fruition. Under Obamacare, those without government-qualified employer-sponsored insurance will be able to purchase insurance in the new exchanges. The new law creates generous subsidies to make coverage more affordable for low- and …
On Tuesday, the House Energy and Commerce Committee held a hearing to explore the impact of Obamacare on the states and the federal roadblocks to state-based reforms. Front and center at the hearing was Medicaid. Obamacare puts an additional 18 million people in this federal–state health care program for the poor. According to a report from the Senate Finance and House Energy and Commerce Committees, this will burden states with at least $118 billion in additional costs through 2023. Medicaid is already on track to put state budgets deep in …
Because of Obamacare, states are considering dropping out of Medicaid, the federal-state health program for the poor, rather than deal with the additional fiscal strain resulting from the health law. One of the main drivers behind health care reform was to reduce the nation’s number of uninsured. Under the new law, this will be partially achieved by adding 18 million Americans to the Medicaid program. This expansion will strain already hurting state budgets. By expanding a program for which states share the cost, the federal government is able to hide …
The closer you look at the 2074 page Senate Health Bill (H.R. 3590), the more and more complicated it becomes. Forget that level playing field. As the Congress tries to figure out how to extend health insurance coverage to all Americans (They won’t, of course), Senate Democrats have proposed a federally designed health insurance exchange to operate in the several states through which individuals and small employers can purchase bureaucrat- approved health insurance. Embodied in this scheme is the inclusion of generous taxpayer subsidies for Americans whose income falls below …
[youtube]http://www.youtube.com/watch?v=l5-BoR9hAvQ[/youtube] Dr. Norm Thurston is doing something extraordinary: he’s implementing consumer-driven health care fixes in Utah. When many employers recently started dropping health benefits the state reacted with reforms that make costs predictable for both employers and consumers. Predictability depends on accurate information for all sides. The Utah Health Exchange makes this possible. Here’s how it works: Companies choose a fixed amount to contribute toward employee health benefits. Employees contribute pretax money from their own paychecks, and they can make contributions from a spouse’s job or a second employer as well.
