Blog and News

A Temporary Insurance Program Foretells Exploding Obamacare Costs, Forbes

Thursday, April 11, 2013

An early ObamaCare health insurance program that has been operating for nearly three years is foreshadowing big problems to come with the larger health overhaul law. But this temporary Pre-Existing Condition Insurance Plan is running out of money, and the Obama administration has closed enrollment to any new applicants, saying it needs the money that is left to cover the medical costs of the 100,000 people already enrolled through the end of the year. The problems with this program are predictors of the costs that are likely to come when the full law takes effect on January 1, 2014.

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Health Insurers Warn On Premiums, The Wall Street Journal

Friday, March 22, 2013

Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation's biggest firm projecting that rates could more than double for some consumers buying their own plans. The projections, made in sessions with brokers and agents, provide some of the most concrete evidence yet of how much insurance companies might increase prices when major provisions of the law kick in next year—a subject of rigorous debate.

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Did The Election Save Obamacare? NCPA.org

Monday, November 12, 2012

The morning after Tuesday’s vote, there is one thing every commentator agreed on. The election of Barack Obama guaranteed that his signature piece of legislation — health reform — can now go forward. Republicans are powerless to stop it.

Yet there is something all these commentators are overlooking. There are six major flaws in ObamaCare. They are so serious that the Democrats are going to have to perform major surgery on the legislation in the next few years, even if all the Republicans do is stand by and twiddle their thumbs.

Here is a brief overview.

CBO: Obamacare To Cost $1.93 Trillion, Leaves 30 Million Uninsured, The Weekly Standard

Friday, July 27, 2012

The latest CBO scoring of Obamacare, in the wake of the Supreme Court’s 5-4 decision upholding the overhaul’s individual mandate as an allowable (although seemingly unprecedented) tax on inactivity, shows that President Obama’s centerpiece legislation would cost about $2 trillion over its real first decade (2014 through 2023). The CBO also says that — despite its colossal cost and its unprecedented expansion of power and control over Americans’ lives — Obamacare would, as of a decade from now, leave 30 million people uninsured.

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CBO: Obamacare Will Spend More, Tax More, and Reduce The Deficit Less Than We Previously Thought, Forbes.com

Friday, July 27, 2012

Obamacare Is The Embodiment Of Fiscal Disaster, Forbes

Thursday, April 12, 2012

Obamacare: The Reckoning, Washington Post

Monday, March 26, 2012

Latest CBO Analysis Demonstrates Significantly Higher Costs Of Healthcare Law

Friday, March 16, 2012

Is Anyone Surprised That Obamacare Is More Expensive Than Promised?

Tuesday, March 06, 2012

Can anyone say, "We told you so?" There is an abundance of historical data proving that when government officials attempt to predict future costs of federal entitlement programs, they invariably grossly miscalculate and underestimate the "actual" costs. The PPACA is not even two years old and government bean counters are already back tracking on their original calculations.

Cost estimates for a key portion of President Barack Obama’s health care overhaul law have ballooned by $111 billion from last year’s budget… the estimated cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent for an eight-year period, from 2014-2021. Last year’s budget estimated the cost of the aid to be $367 billion from 2014-2021. This year’s budget puts it at $478 billion over the same period.

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Obamacare's High Risk Pool Spending Doubles Government Estimates, Forbes.com

Tuesday, February 28, 2012

So, where are we now, almost two years after the law’s passage? A new report from the Department of Health and Human Services gives us the stats for the PPACA Pre-Existing Condition Insurance Plan, or PCIP. After Obamacare became law, in November 2010, government officials estimated that they would spend $13,026 per high-risk pool enrollee. Nine months later, in August 2011, they revised their estimate to $28,994 per enrollee: a 123 percent increase.

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Healthcare Reform Is Likely To Widen Federal Budget Deficits Not Reduce Them, Health Affairs

Wednesday, June 30, 2010

The federal government faces a daunting fiscal outlook, which makes the budgetary impact of the Patient Protection and Affordable Care Act even more important. The official Congressional Budget Office (CBO) analysis indicates modest deficit reduction over the next ten years and beyond. We examine the underpinnings of the CBO’s projection and conclude that it is built on a shaky foundation of omitted costs, premiums shifted from other entitlements, and politically dubious spending cuts and revenue increases. A more comprehensive and realistic projection suggests that the new reform law will raise the deficit by more than $500 billion during the first ten years and by nearly $1.5 trillion in the following decade.

Fears Of Health Reform Cost Are Justifiable, The Washington Post

Sunday, November 22, 2009

Every expert I have talked to says that the public has it right. These bills, as they stand, are budget-busters.

Here, for example, is what Robert Bixby, the executive director of the Concord Coalition, a bipartisan group of budget watchdogs, told me: "The Senate bill is better than the House version, but there's not much reform in this bill. As of now, it's basically a big entitlement expansion, plus tax increases."

The challenge to Congress -- and to Obama -- remains the same: Make the promised savings real, and don't pass along unfunded programs to our children and grandchildren.