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Yes, People Are Losing Their Insurance Under Obamacare Six months into his presidency, Barack Obama promised that his proposed health reforms wouldn’t force people who were happy with their insurance to change. “If you like your health-care plan, you’ll be able to keep your health-care plan, period,” he said. But hundreds of thousands of people are finding out that’s not the case. Yes, People Are Losing Their Insurance Under Obamacare
Obama admin. knew millions could not keep their health insurance Obama admin. knew millions could not keep their health insurance Larry Downing / Reuters U.S. President Barack Obama walks out to deliver remarks alongside Human Services Secretary Kathleen Sebelius in the Rose Garden of the White House in Washington, October 1, 2013. By Lisa Myers and Hannah Rappleye NBC News President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it.
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The Obama administration announced the new policy on Tuesday. The move came after recent blazes in Colorado shed light on federal firefighters' previous lack of health coverage. As seasonal government workers, thousands of firefighters had not been eligible for insurance under the federal employee health plan. In his letter, Coburn asked how the new policy could take effect immediately, bypassing the steps involved in normal federal rule-making. "The use of an interim final regulation may be permissible," he wrote, "but ... it is usually relatively rare since it effectively circumvents a normal transparent public comment period." Coburn asked OPM for an assessment of the regulation's economic impact, its impact on federal worker premiums and the estimated 10-year cost to taxpayers. Coburn questions Obama rule giving firefighters health coverage Coburn questions Obama rule giving firefighters health coverage
Prescription for Decline - By Will Marshall Lost in all the uproar over the U.S. Supreme Court's June 28 "Obamacare" ruling was the crucial link between health-care reform and the issue voters care most about: the economy. America's current health-care "system" isn't just an ungainly, costly, and unjust mess. It also undercuts the United States' ability to compete and win in world markets. Amid the debate over "American decline," this connection deserves a lot more attention than it's getting. Prescription for Decline - By Will Marshall
Family fears return to health insurance worries
NEW YORK (TheStreet) -- The Supreme Court will announce its decision on the constitutionality of Obamacare Thursday. In case you don't remember, the real name of the bill is "Patient Protection and Affordable Care Act." From different surveys I have read, it appears there's a 75% chance that the individual health care mandate in the act will be ruled unconstitutional. ValuEngine shows that the Medical Sector is 7.4% overvalued, but within that sector, the Health Maintenance Organizations Industry is 5.6% undervalued. I will evaluate the price performance of nine stocks in this industry focusing on the volatility since March 26, when the Supreme Court began deliberating on Obamacare. All nine of the stocks I profile are rated Strong Buy or Buy according to ValuEngine, and all but one traded lower during the period of deliberation by the Supreme Court. How Health Care Stocks Are Faring How Health Care Stocks Are Faring
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas. Product Features: Jim Cramer + 20 Wall Street pros Cramer: Health Care Ruling Hurts Small Business AET, HUM - TheStreet TV Cramer: Health Care Ruling Hurts Small Business AET, HUM - TheStreet TV
By Chuck Mikolajczak NEW YORK Thu Jun 28, 2012 5:17pm EDT NEW YORK (Reuters) - Stocks fell on Thursday but pared back sharp losses late in the session on talk of progress by European leaders in easing the region's debt crisis, while a Supreme Court ruling upholding a landmark healthcare law hit large health insurers. Markets are especially skittish about any shift in expectations for the euro zone as European Union leaders met on the first day of a two-day summit in Brussels. "This is a process that is just going to wind on and is going to bring us periodic bouts of volatility in our markets depending on the news flow," said Matt Kaufler, portfolio manager at Federated Investors in Rochester, New York. Wall Street drops as banks, Europe weigh Wall Street drops as banks, Europe weigh
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Obama basks in the glow of court victory - TheHill.com Basking in an enormous political triumph, President Obama on Thursday hailed the Supreme Court’s ruling on the healthcare law as “a victory for people all over this country.” Declaring that the “highest court in the land has now spoken,” Obama said the 5-4 decision by the high court reaffirmed a fundamental principle that “no illness or accident should lead to any family’s financial ruin.” The stunning news provided a much-needed boost for the White House ahead of an election that many expect will go down to the wire. White House aides said the decision — brought with the help of the unlikely ally Chief Justice John Roberts — reaffirmed their long-held belief that the law was constitutional. Speaking in the East Room a little more than two hours after the decision came down, Obama acknowledged talk about the decision will center on “who won and who lost,” but said that “completely misses the point." Obama basks in the glow of court victory - TheHill.com
June 6, 2012 | Like this article? Join our email list: Why Do Working-Class People Vote Conservative? | Tea Party and the Right Why Do Working-Class People Vote Conservative? | Tea Party and the Right
Thanks Obamacare
Thanks, Obamacare
Liberal journalists are in near panic about the fate of Obama's health care reform in the Supreme Court this week. The first signs of the freakout came from the New Yorker's Jeffrey Toobin, in a tweet. Both the New York Times and the Los Angeles Times referred to the individual mandate that was being debated in court as "the heart" of Obama's health-care reform in their reports. Some reporters looked for glimmers of home. Liberal Supreme Court Reporters Are Panicking About The Fate Of Obamacare
Pelosi: Obamacare Allows You to Quit Your Job and Become 'Whatever' House Minority Leader Nancy Pelosi (D.-Calif.) (AP Photo/J. Scott Applewhite) (CNSNews.com) – House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that Obamacare facilitates the type of “liberation” that the “Founders had in mind” because it allows you to quit your job and become a “photographer,” a “writer,” a “musician”--or “whatever.” “As you hear from these stories, this is a liberation,” Pelosi said at a Capitol Hill news conference Thursday.
Then-Solicitor General Elena Kagan and President Barack Obama in the White House on May 10, 2010, the day Obama nominated Kagan to the U.S. Supreme Court. (AP Photo/Susan Walsh) (CNSNews.com) - When the Supreme Court on Monday began hearing oral arguments in the cases challenging the constitutionality of the Patient Protection and Affordable Care Act—AKA “Obamacare”—Supreme Court Justice Elena Kagan showed up to hear the arguments and gave no indication she would recuse herself from judging the cases even though she had cheered enactment of Obamacare as an Obama political appointee and had personally assigned her top deputy in the Obama Justice Department to defend the law in federal court. A federal law, 28 USC 455, says a Supreme Court justice must recuse from “any proceeding in which his impartiality might reasonably be questioned” or anytime he has “expressed an opinion concerning the merits of the particular case in controversy” while he “served in governmental employment.” Kagan Sits in Judgment of Obamacare—Despite Cheering Its Passage and Assigning Lawyer to Defend It
Administration Admits to Court: Under Obamacare, Select Group Can Get Health Care, Not Pay for It, Not Buy Insurance, Not Pay Penalty Solicitor General Donald Verrilli (AP Photo/Evan Vucci) (CNSNews.com) - President Barack Obama has justified the mandate in his health-care law that requires individuals to buy health insurance by arguing that it will eliminate free riders—that is, people who get health care (often from emergency rooms) but, lacking insurance, never pay anything back into the health-care system. "So that's why the individual mandate's important," Obama explained in a speech on Aug. 15, 2011. "Because the basic theory is, look, everybody here at some point or another is going to need medical care, and you can't be a free-rider on everybody else," said Obama.
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