Foster: Win/Win to Drop Coverage
During a Health Subcommittee hearing on the true cost of the health care law, CMS Chief Actuary Rick Foster today told Rep. Mike Rogers (R-MI), "For businesses that have relatively low-income workers, it can turn out to be a win/win for them to drop their former coverage and assist their employees into getting coverage through the exchange."
What a difference 21 months and one massive law make.
"If you like your health care plan, you'll be able to keep your health care plan, period."
(President Barack Obama,...
Rep. Fred Upton in Politico: Previewing the President's Energy Speech
People are already angry about high gas prices. But they really get steamed when they learn how much their own government is contributing to the problem. It's time for Congress to impose a cease-fire in the Obama administration's war on lower gasoline prices.
A host of factors affect the price of gas. Some, like the upheaval in Libya, are outside our control. But federal laws and regulations that increase energy costs are another matter. They were made in Washington -- and can be repealed by Washington.
Rep. Fred Upton in the Kalamazoo Gazette: Energy Tax Prevention Act won't weaken Clean Air Act
We continue to endure tough times here in southwest Michigan and across the country.... Unemployment remains high as gas prices hurtle toward $4 a gallon. And yet, despite our economic maladies, there are unelected bureaucrats in Washington furiously working on regulations that will not only circumvent Congress, but will send more manufacturing jobs overseas and increase costs at the pump.
During the last Congress, legislation was introduced to regulate greenhouse gases through a program known as cap-and-trade.... That effort failed as Democrats and Republicans alike recognized such a...
Committee Seeks Input on Permanent Doc Fix
WASHINGTON, DC - The House Energy and Commerce Committee today sent a bipartisan letter to 51 medical associations requesting feedback on how to improve the Medicare physician payment system. Congress passed five temporary "fixes" to prevent a major physician payment reduction in 2010, which would limit Medicare patients' access to care. Without further action, physicians will experience a 29 percent cut in 2012. The committee requested ideas be submitted before it convenes a hearing in early May.
"For too long, Congress has failed to address the outdated physician...
Administration's de-facto drilling moratorium forces company to close its doors
Last month, Seahawk Drilling declared Chapter 11 bankruptcy and announced the sale of its assets to shallow-water driller Hercules Offshore. This devastating decision was the culmination of a long period in which we found our customers unable to secure permits for work in the Gulf of Mexico despite the fact that both our industry and our company have excellent safety records. In the 11 months after the Deepwater Horizon accident, it became clear that Seahawk's greatest rival was no longer our industry competitors but the U.S. government.
Upton on Obamacare's One Year Anniversary – Promises Made, Promises Broken
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton (R-MI) today issued the following statement on the one year anniversary of the health care law:
"The past year has been one filled with broken promises. When President Obama signed into law the health care package, Democrats promised it would create jobs, lower costs, and they proclaimed, 'if you like your health care plan, you can keep your health care plan.' One year later, we understand the law actually stifles job creation, increases costs for all taxpayers,...
NEWS: Politico "Starbucks CEO Rethinks Health Law Position"
Starbucks chief executive Howard Schultz says the health overhaul law's employer requirements will impose "too great" a pressure on small businesses.
Schultz supported the law as he watched his company's health insurance tab -- $250 million as of last year -- surmount its coffee bill. But he told The Seattle Times in an interview published Tuesday that he's now worried about what happens when it takes full effect in 2014:
We have faced double-digit increases for almost five consecutive years with no end in sight.......... So,...
Buried in the Health Care Law's Nearly 2,900 Pages: A Bailout for State Governments, Fortune 500 Companies, and Hollywood Unions
It has been one year today since Obamacare became law, and in that time, we have certainly continued to "find out what's in it." The latest revelation? A $5 billion bailout fund for state governments, Fortune 500 companies, and Hollywood unions that is rapidly going bankrupt after doling out half a billion dollars much more quickly than anticipated.-- So far, fewer than 5 percent of the organizations "approved" to participate in the program have received funds.
So what is this mysterious $5 billion bailout? Known as the...