Key Obamacare provisions delayed for a year

Under Obamacare, businesses that employ more than 50 people will have to provide them health insurance, causing many companies to curtail their hiring.  That requirement, though, slated to go into effect in 2014, is being delayed until 2015.  Small business insurance marketplaces are also being delayed.  This will keep what will probably be an unpopular policy from being an issue in the midterm elections. [Read more...]

New rules for contraception mandate

Religious organizations have objected to the Obamacare requirement that the health insurance they give their employees must provide for free contraception and morning-after-pills.  Now the Obama administration has issued new rules for how those organizations can sort-of opt out of the mandate, while still providing free contraception and morning-after-pills. [Read more...]

Costs & benefits of Obamacare insurance

The states are starting to set up their insurance exchanges, so we are getting some idea of how much the required policies will cost and what their benefits will be.  There will be four levels of coverage:  platinum, gold, silver, and bronze.  In California, the “silver plan,” which is the level that federal subsidies for lower income folks will be based on, will cost $321 per month, but have a $2,000 deductible, requiring $45 co-pays.  Details after the jump. [Read more...]

Cost increases with Obamacare

More bad news for the coming Obamacare trainwreck.  From the Associated Press:

Medical claims costs — the biggest driver of health insurance premiums — will jump an average 32 percent for Americans’ individual policies under President Barack Obama’s overhaul, according to a study by the nation’s leading group of financial risk analysts.

The report could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act. The estimates were recently released by the Society of Actuaries to its members.

While some states will see medical claims costs per person decline, the report concluded the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers. [Read more...]

Insurance “rate shock” under Obamacare

The cost of health insurance will go up dramatically under Obamacare, people are starting to realize.  This will be true especially for the young healthy types that aren’t buying insurance now but will soon have to; that is to say, the currently uninsured, the ones Obamacare is supposed to help!

What a surprise!  Who knew?  Who could have guessed that would happen?  How could forcing insurance companies to take everybody, charge everyone the same, and provide free services possibly raise insurance rates?  I thought Obamacare was the way we were going to rein in health care costs.  After all, the program is called “The Affordable Health Care Act”!

Yet more reason to wonder, how can Obamacare possibly–even theoretically– work? [Read more...]

Staffing the Obamacare bureaucracy

Now we must staff the bureaucracy required to run Obamacare.  This may at least put a dent in unemployment, but at untold costs, not just to the federal government but to states and insurance companies.  For example, the law requires the hiring of thousands of “navigators,” whose purpose is to help people pick out an insurance company. [Read more...]


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