Committee Releases Analysis on Obamacare Bailout
The Energy and Commerce Committee today released a follow-up memo on the funding status of the Early Retiree Reinsurance Program, an initiative created as part of President Obama's health care law that is quickly running out of money. Earlier this year, the committee released a staff memo that exposed how this $5 billion program used taxpayer funds to bailout state governments, Fortune 500 companies, and Hollywood unions. --Obama administration officials admitted at the time of the initial committee staff review that they...
Worst Week in Washington: Obamacare
The president sold his health care reforms with three key promises: health care premiums would decrease by $2,500 per family; if you like your current plan, you can keep it; and, small business tax credits would encourage employers to provide coverage. An annual survey released by the Kaiser Family Foundation reveals that by the president's own standards, the health care law is a failure.--
Broken Promise #1: "Bring down premiums by $2,500 for the typical family."--
Eighteen months after the reforms...
Pitts, Herger Statements on the Negative Impact the Democrats' Health Law Has Had on American Job Creators
Washington, DC - Today, Energy and Commerce Health Subcommittee Chairman Joe Pitts (R-PA) and Ways and Means Health Subcommittee Chairman Wally Herger (R-CA) released the following statements on the 18 month anniversary of the health care law to highlight the reform's negative impact on job creators:
Rep. Pitts: "It has become abundantly clear that the â€˜if you like it, you can keep it' promise the president made to the American people has been broken. The health reforms fail to decrease the rising cost of health...
Small Businesses Aren't Buying Obamacare
The National Federation of Independent Business today released a study that reveals small businesses aren't buying the new health care law.-- The study provides insight into why employers may be hesitating.
Twenty percent of small employers currently offering benefits expect to "significantly change their benefit package and/or their employees' premium cost share"by either a decrease of benefits, an increase in employee cost-share, or bothwhen they renew their current plans. Translation: Employees can't keep their current health plan and their new, Obamacare-approved plan--will most likely cost more....
The Hill: Healthcare law could leave families with high insurance costs
***In Case You Missed It***
The Hill: Healthcare law could leave families with high insurance costsBy Julian Pecquet
A major provision of the healthcare reform law designed to prevent businesses from dropping coverage for their workers could inadvertently leave families without access to subsidized health insurance.
The problem is a huge headache for the Obama administration and congressional Democrats, because it could leave families unable to buy affordable health insurance when the healthcare law requires that everyone be insured starting in 2014.
Some of the administration's closest...
We need a plan, Mr. President
90 Days Is Enough Time...
1.--To complete the entire P90X workout challenge.2.--For Mercury to revolve around the Sun.3.--For a cheetah to be conceived and born.4.--For the U.S. government to add nearly $350 billion to the national debt.
90 Days Isn't Enough Time...
For the President to submit details to Congress about his "plan" to reduce Medicare spending.--
In a joint letter to the President, dated April 20, 2011, Ways and Means Chairman Dave...
It Depends on the Meaning of the Word "Rationing"
The House Energy and Commerce Health Subcommittee today examined the Independent Payment Advisory Board (IPAB), the controversial board of 15 unelected bureaucrats created in the health care law to cut Medicare spending.--HHS Secretary Sebelius today defended the board by claiming that it is prohibited from rationing care and instead, will reduce "excess cost growth" in Medicare spending.--It's a curious interpretation, and one that is not shared by the hundreds of medical experts who object to IPAB on the grounds that it will--have--the power...
The $64,000 Question
A new report from the Associated Press scrutinizes yet another flaw in the health care law--- one that has received little attention despite its costly consequences. The story, "A twist in Obama's health care law," highlights a provision in the law, also discussed during an the Energy and Commerce Committee hearing earlier this year,--that "Obama's health care law would let several million middle-class people get nearly free insurance meant for the poor, a twist government number crunchers say they discovered only after the complex bill was signed."