GUEST EDITORIAL By Benjamin Domenech, The Heartland Institute You may have heard that in reaction to President Barack Obama’s health care law, small businesses and franchises are considering shifting employees to part-time work. The Darden Restaurant group is the latest company to attract attention for this, responding to the requirement to cover full-time workers by shifting existing workers to 28 hours per week: In an experiment apparently aimed at keeping down the cost of health-care…
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CBO: six million people hit by individual mandate tax
GUEST EDITORIAL By Benjamin Domenech, The Heartland Institute At long last, in 2016 we will learn which is more: $4,316 or $2,085. That first number, $4,316, is the average employee cost for buying an employer-sponsored family health care plan in 2012, up from $2,137 a decade ago. The second number is the cost of the individual mandate tax for a family of four. For a family of four earning $24,000, and for their employers, the…
Read MoreWhy Obama opposed his medicare rationing approach before he supported it
GUEST EDITORIAL By Benjamin Domenech, The Heartland Institute A rather surprising amount of time was spent in the first presidential debate discussing the Independent Payment Advisory Board and its role in cutting the costs of Medicare. It’s worth drilling down into the defense President Barack Obama offered of IPAB’s approach. President Obama, from the transcript: Let’s get all the doctors together at once into one test instead of having the patient run around with 10…
Read MoreIRS prepares to become nation’s health care enforcer
GUEST EDITORIAL By Loren Heal, The Heartland Institute The Internal Revenue Service is hiring thousands of agents as the agency prepares to become the primary enforcement mechanism for President Obama’s health care law. Although the IRS cannot come after taxpayers who fail to abide by the individual mandate alone, it can target them for additional investigation for other aspects of their return and threaten to withhold tax refunds. The IRS will determine whether taxpayers have…
Read MoreMassachusetts sets global cap on health care costs
GUEST EDITORIAL By Loren Heal, The Heartland Institute In an attempt to impose top-down containment on Massachusetts’s soaring health care costs, Democratic Governor Deval Patrick signed a law which creates a statewide global cap on public and private health care costs. The law expands the state’s bureaucracy and specifies a target growth rate for overall medical spending based on the growth rate of the state’s economy. Joshua Archambault, director of health care policy at the…
Read MoreDon Berwick: Giving Patients More Control Over Health Spending “Vicious Idea”
It didn’t take long for Don Berwick, the controversial former head of the Centers for Medicare and Medicaid Services under President Obama, to start being honest again about his anti-market views once he left the administration. In a forum with health care policy expert Jim Capretta, Berwick reacted strongly to the idea that patients should be given price signals for health care costs or have a greater say in how that money is spent: Dr….
Read MoreIllinois Medicaid Squeeze Could Hike Everyone’s Hospital Bills
The average Illinois household could be facing higher hospital bills under Democratic Gov. Pat Quinn’s $33.8 billion proposed budget, which decreases how much the state compensates providers treating patients on Medicaid. Quinn’s office said under normal circumstances Medicaid spending should jump by $2.7 billion. But spending on the state’s human services budget, which includes Medicaid, is slated to grow by less than necessary for that, 2.7 percent, from $14.3 in fiscal 2012 to $14.7 billion….
Read MoreIs President Obama’s Law Keeping Unemployment High?
Two years after President Obama signed it into law, there is evidence the slow economic recovery could be partly due to his namesake health care law. According to analyses conducted by the Heritage Foundation and others, the passage of President Obama’s law correlates with a dramatic slowdown in the economic recovery and in private sector hiring. Prior to the law’s passage in April 2010, private sector job creation had improved by 67,600 jobs per month…
Read MoreStudy: For Patients Battling Cancer, Medicaid Is Worse Than Being Uninsured
Patients enrolled in Medicaid have worse survival rates than those with private insurance or even no insurance at all, according to a new study focused on Ohio Medicaid recipients published in the journal Cancer. Researchers Siran Koroukian, Paul Bakaki, and Derek Raghavan compared survival and five-year mortality with Medicaid status in more than 11,000 Ohio adults aged 15 to 54 years and diagnosed in the years 1996-2002 with eight highly treatable cancers. They also sorted…
Read MoreInsurers Profit from Obama’s Mandate
Health insurance companies have experienced dramatically higher stock prices in the two years since the passage of President Obama’s health care law, thanks to the individual mandate to purchase their product. Wellpoint (WLP) was at about $80/share in 2007, dropped significantly in price shortly after the 2008 election, and is now at about $65/share. Similarly, Humana (HUM) was selling at $84/share in early 2008 and is now at around $90/share. These stock hikes result in…
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