February 21, 2013 – Insurer with NY’s ‘worst’ record of complaints gets $340M Obamacare loan (via Instapundit)
A health insurance company headed by an old friend from when President Obama was an Illinois state senator got a $340 million federal loan to establish Obamacare co-ops in New York, New Jersey and Oregon despite having a chronic record of consumer and regulatory complaints.
The New York-based Freelancers Insurance Company has been rated the “worst” insurer for two straight years by state regulators, and data compiled by a national insurance association show an extremely high rate of consumer complaints.
The firm was founded in 2008 by Sara Horowitz, who worked with Obama while he was in the Illinois state senate to launch Demos, a left-wing, New York think tank funded in part by George Soros.
Welcome to the strange new world of small-business hiring under ObamaCare. The law requires firms with 50 or more “full-time equivalent workers” to offer health plans to employees who work more than 30 hours a week. (The law says “equivalent” because two 15 hour a week workers equal one full-time worker.) Employers that pass the 50-employee threshold and don’t offer insurance face a $2,000 penalty for each uncovered worker beyond 30 employees. So by hiring the 50th worker, the firm pays a penalty on the previous 20 as well.
These employment cliffs are especially perverse economic incentives. Thousands of employers will face a $40,000 penalty if they dare expand and hire a 50th worker. The law is effectively a $2,000 tax on each additional hire after that, so to move to 60 workers costs $60,000.
February 26, 2013 – GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit (via memeorandum)
President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”
The new report exposes the “lack of honesty” surrounding such claims, Sessions argued. “The big-government crowd in Washington manipulated the numbers in order to get the financial score they wanted, in order to get their bill passed and to increase power and influence,” he said. “The goal was not truth or financial responsibility, but to pass the bill. This is how a country goes broke.”
March 1, 2013 – Polls Show Opposition to ObamaCare Is on the Rise Again – (via Instapundit)
The public remains divided and skeptical about the law and its effects. ObamaCare has always struggled in the court of popular opinion, and two new polls highlight the public’s continued lack of support for the law. Indeed, after a brief post-election rise in support, public opposition to ObamaCare is on the rise again.
February’s Kaiser Family Foundation health tracking poll puts opposition to the law at 42 percent and support at 36 percent; in Kaiser’s November poll, 43 percent said they supported the law and 39 percent opposed it.
A newly released Reason-Rupe poll offers some confirmation that more Americans hold negative views of the law. Asked an open-ended question about what comes to mind when they hear the term “ObamaCare,” 50 percent gave a negative response of some sort. At 24 percent, the largest single response was a generalized comment that the law is a bad thing.
March 6, 2013 – Massachusetts Wants an ObamaCare Waiver
Funny how something called the “Affordable Care Act” wil make health insurance more expensive. It’s almost Orwellian.
— Peter Ingemi (@DaTechGuyblog) March 8, 2013
— Wash. Free Beacon (@FreeBeacon) March 6, 2013
Insurers raise California health care rates; state officials doth protest: Reality check. bit.ly/10qRHjk
— LibertasLogos (@LibertasLogos) March 8, 2013
OK, so now we know what’s in it (former) Speaker Pelosi.
(h/t The Foundry)
We know that ObamaCare is a corrupt, business killing, budget busting, unpopular (did I miss any adjectives?) disaster!
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