Under Obamacare, health insurers who are planning a rate increase of more than 10% must notify the administration why they are doing so. Several of the largest insurers are planning rate increases well above that, ranging from 25% (Moda of Oregon) to 51% (Health Care Service Corp of New Mexico). The reason is simple – more patients on their plans who are sicker and requiring more expensive treatment. (Surprised?) Unfortunately, under Obamacare, the feds cannot prevent insurers from making their desired rate increase. Read more here.
September 28, 2012
The Washington Examiner’s Charlie Spiering highlights costs of the FCC Lifeline Program. Lifeline was originally created to provide free landline phone service to low income households for emergency and basic usage. Since the mid-90s, it has been funded primarily by the Universal Service Charge included on all consumer phone accounts But in 2008, the program was expanded to include free cell phones and service.
The cost of the program skyrocketed from about $800 Million to more than $1.25 Billion, with evidence of wide-spread fraud. There are proposals in both the House and Senate to reform Lifeline in order to return the program to its original intent, provide low cost basic phone service for those who need it most. Spiering points to Rep. Tim Griffin’s video “Uncle Sam’s Unlimited Plan” for details.
September 7, 2012
From the 2012 DNC Convention:
The full text of this speech is available here: http://abclocal.go.com/wls/story?section=news/national_world&id=8801624
(This Word Cloud was randomly generated at http://www.wordle.net.)
August 7, 2012
I can accept that the Affordable Care Act is a penalty tax that adds to the deficit without controlling health care costs. But this …
According to Papa John’s CEO, Obamacare is going to raise the cost of pizza! I don’t mind paying more for prescriptions, but pizza is an important part of my mental health plan! Something must be done.