Tag: "Health Reform"

How Much Does ObamaCare Rip Off Young Adults?

Five college students.Someone, for example, earning $25K annually in Arizona will pay $2,424 in total monthly premiums for ObamaCare (10% of their annual income) and still be stuck with a $4,000 deductible and a $5,200 cap on their out of pocket costs. The same person in Illinois will pay $3,576 in annual premiums, and in low cost Texas $2,460.

What about the same 30 year old who now earns $30,000 annually — the average salary for a pre-school teacher according to census data? In Arizona, their annual cost for carrying the ObamaCare plan runs $2,772 and their deductible is $5,000. In Illinois, the same person will spend $4,092 for the same health plan, and also have a $5,000 deductible before their full health coverage kicks in.

Scott Gottlieb in Forbes and at AEI.

Headlines I Wish I Hadn’t Seen

risingHealth care spending rose at the fastest pace in 10 years last quarter.

If you make playgrounds safer, kids will have more accidents.

Avik Roy hosts a paean to ObamaCare by Gene Sperling.

ObamaCare has had 38 significant delays.

Fifty-seven million Americans live in states where Tesla cannot legally sell its cars.

There Are Five Losers for Every ObamaCare Winner

Duke University’s Chris Conover has examined who wins and who loses under ObamaCare. Losers include pretty much everyone: Medicare beneficiaries, Medicaid beneficiaries, employees, and self-insured.

His conclusion:

When all is said and done, were ObamaCare fully in place right now, 166 million of today’s population could reasonably count themselves as losers in various ways, while only 34.6 million would be lucky enough to count as winners. That’s a ratio of 4.8 losers for every winner — not a particularly good outcome for any policy initiative, much less a “signature” legislative initiative.


It’s Official: No More March 31st Deadline

I’m not making this up. From the Washington Post:

Under the new rules, people will be able to qualify for an extension by checking a blue box on HealthCare.gov to indicate that they tried to enroll before the deadline. This method will rely on an honor system; the government will not try to determine whether the person is telling the truth.

If you find that hard to believe, how about this?

The rules, which will apply to the federal exchanges operating in three dozen states, will essentially create a large loophole even as White House officials have repeatedly said that the March 31 deadline was firm. The extra time will not technically alter the deadline but will create a broad new category of people eligible for what’s known as a special enrollment period.

Hits and Misses

Milton Friedman’s legacy.

Tom Miller is disappointed in the Coburn/Burr/Hatch health reform bill.

South Korea will not regulate Samsung’s Galaxy S5 (a smartphone with a heart-rate sensor) as a medical device. (See also previous blog entry)

Medicare Advantage cuts: Insurers’ advocacy campaign contradicts Wall Street analysts’ rosy outlook.

What House Republicans Could Learn From Henry Ford

To develop and alternative to ObamaCare, Republican leaders are planning a listening tour:

Senior House Republicans — struggling to find consensus for health care legislation to replace the Affordable Care Act — are planning to test ideas in April at town-hall-style meetings that could provide a path toward a long-promised alternative to President Obama’s signature legislative achievement.

From a review of George Gilder’s new book on entrepreneurship:

…[A]s Henry Ford is said to have put it: “If I had listened to my customers, I would have built a faster horse.”

ObamaCare’s Financial Management Platform Is Still Unbuilt

What difference does that make? A lot, according to the CMS explanation of why it just awarded a $91 million, one-year, no-bid contract to Accenture to complete the job:

rising…[W]ithout a Financial Management platform that accounts for enrollments and associated program costs (i.e. Advance Premium Tax Credits (APTC), Cost Sharing Reductions (CSR), payments to insurance plans, etc.), that integrates with the existing CMS Accounting platform (HIGLAS), the entire healthcare reform program is jeopardized by significantly increasing the following risks: (Emphasis mine)

  • Creating erroneous estimates of budgeted and projected payments associated with operating the FFM;
  • Inaccurate issuance of payments to health plans which could seriously put them at financial risk; potentially leading to their default and disrupting continued services and coverage to consumers;
  • Inaccurate forecasting of Risk Adjustment, Reinsurance, and Risk Corridor; potentially putting the entire health insurance industry at risk; and
  • Failing to support the end of the year reconciliation with IRS; leading to greater program costs for workarounds.

Hits and Misses

heartStunning finding: Saturated fat doesn’t cause heart disease.

Laszewski trashes the new Republican health plan.

Johnathan Chait: Is the new Republican plan really a plan or is it just promises, promises?

Are we headed toward a zero marginal cost society?

Should there be special emergency rooms for the elderly?

In five states, an average full-career retiree receives a retirement income higher than his final salary.

Cost of the ObamaCare Exchanges


Source: Phil Kerpen, American Commitment.

What The Latest ObamaCare Rule Change Means

Doug Badger in a private email:

See the last paragraph on page 1 and the top of page 2 in the CMS document. If your plan was canceled, you have the option of enrolling in a catastrophic plan (even if you are over 30) or not buying coverage at all and claiming the “hardship exemption,” which means that the government will not make you pay the new tax on the uninsured.