Showing posts with label obamacare. Show all posts
Showing posts with label obamacare. Show all posts

Wednesday, September 22, 2010

Tomorrow Marks the 6th Month Anniversary of Obamacare - A Look at the Numbers

Six months after enactment of the Democrats’ new health care law, a look at the first stages of its implementation reveals how the legislation falls short with respect to costs, premiums, preserving Americans’ existing coverage, and providing full transparency and accountability:


4,103—Pages of regulations issued on the health care law through September 17, 2010


12—Number of final regulations not subjected to public scrutiny before taking effect

5—Missed implementation deadlines to date

16—Unanswered letters from House and Senate Republicans to the Administration on the health law

22—States that have joined legal actions to block all or part of the law from taking effect

667,680—Number of Missouri voters that rejected the health care law’s individual mandate, supporting a ballot referendum objecting to the federal law by a 71%-29% margin

500,000—Individuals with pre-existing conditions who could be denied coverage due to under-funding of the law’s high-risk pool program, according to the Congressional Budget Office (CBO)

40,000,000—Firms subject to the health law’s new 1099 reporting requirements, which the National Federation of Independent Business called a “tremendous new paperwork compliance burden”

9—Regulations released to date that will increase premium costs for individuals and employers, according to the Administration’s own estimates

$2,500—Premium reduction promised by candidate Obama “by the end of my first term as President”

750,000—Reduction in the American labor force due to provisions in the law that “will effectively increase marginal tax rates, which will also discourage work,” according to the CBO

$310,800,000,000—Projected increase in health care costs as a direct result of the legislation, according to the Administration’s own actuaries

7,400,000—Reduction in Medicare Advantage enrollment as a result of the health care law, resulting in a loss of choice for seniors and millions of beneficiaries losing their current health plan

51%—Percentage of American workers who will lose their current health coverage by 2013, according to the Administration’s own estimates

0—Public hearings held before President Obama appointed Dr. Donald Berwick—an advocate of health care rationing—to head an agency that “finances health care for one in three Americans” and spends $800 billion annually

Even though we have seen only a few of the law’s initial provisions take effect, the impact can already be felt by American families and businesses, who face higher costs, economic uncertainty, and loss of their current coverage. How much longer will these ill effects persist before the President and Democrats in Congress admit that their legislation will harm, not help, the American people?


Monday, April 26, 2010

Obama’s Chief Actuary Says 50% of Seniors Will Lose Their Medicare Advantage Plans

From GOP Conference:


“If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”

President Obama, June 15, 2009


Despite President Obama’s pledge that all Americans would be able to keep their health insurance plans, the chief actuary of the Centers for Medicare & Medicaid Services (CMS) concluded that under ObamaCare, half of all seniors who have Medicare Advantage plans will lose their coverage.


In a new analysis of ObamaCare, CMS concluded:


“We estimate that in 2017, when the MA provisions will be fully phased in, enrollment in MA plans will be lower by about 50 percent (from its projected level of 14.8 million under the prior law to 7.4 million under the new law).” Page 11


For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare


Friday, April 23, 2010

ObamaCare: CMS Confirms Health Care Spending Will Increase

Via the House Republican Conference's Press Shop:


“And it [the health reform plan] will slow the growth of health care costs for our families, our businesses, and our government.” President Obama, September 10, 2009


The Centers for Medicare and Medicaid Services (CMS) released a new analysis of ObamaCare, confirming that our nation’s health care costs will increase rather than decrease under ObamaCare and violating a pledge President Obama made to the nation on September 10, 2009. CMS concluded:


  • National health care expenditures will increase by $311 billion.
  • Health care increases to 21% of GDP by 2019.
  • ObamaCare spends more than $828 billion for health care coverage. (CMS didn’t analyze all the tax increases, such as HSAs, FSAs, increasing the AGI threshold, etc.)
  • The government will spend $410 billion to expand Medicaid.
  • Medicaid enrollment increases by 20 million new beneficiaries.
  • 18 million people will be uninsured (excluding 5 million illegal immigrants).
  • Uninsured and those employers who don’t offer coverage will pay $120 billion in taxes.
  • 50% of seniors will lose their Medicare Advantage plans.
  • Some of the Medicare cost-control mechanisms may not be sustainable.
  • Community Living Assistance Services and Supports (CLASS) will run a deficit in 15 years.
  • The $5 billion for High Risk Pools is not enough.
  • Doctors may drop out of Medicare because of the changes in Medicare reimbursement rates.
  • Medicare “savings” may be difficult to achieve.

For previous ObamaCare Flatlines, go to http://www.gop.gov


Wednesday, April 21, 2010

ObamaCare Fails Test

Via GOP Conference: For previous ObamaCare Flatlines, see http://www.gop.gov/obamacare


“If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”

- President Obama, June 15, 2009


Well, not really.


According to this story, 45,000 Hoosiers will be forced to drop their current, private coverage and will be dumped on Medicaid.


ObamaCare expands Medicaid eligibility to 133 percent of federal poverty line. Indiana created a private health insurance plan for the workers whose income was below 200 percent of federal poverty level. The innovative program combined an account with an insurance policy, and one satisfied customer is concerned Medicaid won’t be as “flexible” as her current plan.


Ways and Means GOP: Democrats Finally Admit Premiums to Rise Under Government Takeover of Health Care