President Barack Obama’s promise that “if you like it you can keep it” may be this generation’s “read my lips—no new taxes,” claim. New Centers for Medicare and Medicaid Administrator Dr. Donald Berwick recently said “Medicare Advantage remains strong and a robust option for millions of seniors who choose to …
Currently 3.4 million Americans seniors covered by Medicare find themselves in a giant “doughnut hole,” but despite the tasty terminology, there’s nothing sweet about it. The doughnut hole refers to a gap in prescription drug coverage under Medicare Part D. As David Hilzenrath explains, “…beneficiaries enter the coverage gap when …
Obamacare will force health care spending to rise faster and higher over the next decade than if Congress had just left the nation’s health system unchanged. That’s according to a recent report from the Office of the Actuary at the Center for Medicare and Medicaid Services. The report projects the …
Lawmakers shoved through Obamacare on the promise that it would decrease the number of uninsured Americans. The new law does this by expanding Medicaid’s eligibility to cover an additional 16 million Americans by 2019, according to the Congressional Budget Office (CBO). However, recent analysis from former CBO director Douglas Holtz-Eakin …
In a recent op-ed in the Spanish media, President Barack Obama espoused the new health reform law would ensure that minorities like Latinos would have access to health care services through better coverage options. However, the President left out that the bulk of this “coverage” is pushing many Hispanic and …
When House Speaker Nancy Pelosi (D-CA) said Americans would have to wait until Congress passed Obamacare to find out what was in it, she wasn’t kidding. Since the passage of the Patient Protection and Affordable Car Act nearly six months ago, Americans have been faced daily reality checks from the …
Health Insurers Plan Hikes. That’s the headline of today’s Wall Street Journal story which reports: “Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats’ efforts to trumpet their signature achievement before the midterm elections. Aetna …
Obamacare requires insurers to meet a federally-specified medical loss ratio. That is, they must spend a certain percentage of premiums on medical expenses. The remainder can be used to cover administrative costs and, if there’s anything left, profits. But if insurers don’t shell out enough in medical losses to meet …
