It is not too often that I agree with former Vermont Governor and Democratic presidential candidate Howard Dean but when it comes to the government “negotiating” drug prices in Medicare Part D, he is correct. Inside Health Policy reported that at an event celebrating the 50th anniversary of Medicare sponsored by Dentons, a multi-national law […]
A Billion Here – A Billion There
The Affordable Care Act (ACA), better known as ObamaCare, has chucked more money down the memory hole than Agent J’s Neuralyzer in Men in Black. More than $5.3 billion has been doled out to 48 states and the District of Columbia, ranging from planning grants to establishment grants by the Centers for Medicare and Medicaid Services (CMS), to create state-based online exchanges; $2.4 billion in start-up and solvency loans have been provided to establish 23 Consumer Operated and Oriented Plans (CO-OP); and as of September 2014, $2.1 billion was spent to build the Federally-facilitated exchange, Healthcare.gov.
Bigger is not Better
News broke on Friday, July 24 that Anthem, the largest for-profit managed health care company in the Blue Cross and Blue Shield Association, will purchase Cigna for $48.4 billion. The total deal, which includes purchasing Cigna’s debt, is worth $54.2 billion. Cigna is known primarily for administrating health insurance coverage for large employers. The Wall […]
Congress’s Claim to be a Small Business Brings on an Ethics Complaint
According to the Small Business Act of 1958, “a small-business concern … shall be deemed to be one that is … independently owned and operated and which is not dominant in its field of operation.” Under the Code of Federal Regulations, Title 13, Chapter 1, Section 121.105, “a business concern eligible for assistance from SBA as a small business is a business entity organized for profit, with a place of business located in the United States, and which operates primarily within the United States or which makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor.”
Our Constitution Continues to Dissolve
On Thursday, June 25, the Constitution and our tripartite system of government took a major hit. The Supreme Court, in a 6 to 3 opinion, ruled against the plaintiffs in King v Burwell, a lawsuit concerning who was entitled to taxpayer-funded subsidies in the Affordable Care Act (ACA) better known as ObamaCare. You may recall […]
A Positive Start to Repeal the Medical Device Tax
On Thursday, June 18, the House of Representatives voted to repeal the 2.3 percent excise tax on total sales for certain medical devices that was created in the Affordable Care Act (ACA). The legislation, H.R. 160, entitled the “Protect Medical Innovation Act,” passed by a vote of 280 to 140. All the Republicans and 46 […]
Up, Up and Away
During both of his two campaigns and the 2009 debate over healthcare reform, President Obama often stated that his plan would cut the average premium of a typical family by $2,500 per year. But not surprisingly, prices are instead going in the opposite and wrong direction. As Jed Graham blared in his May 18, 2015 Investor’s Business Daily column, “ObamaCare Premium Increases Next Year May Shock You.”
Why is FOX Business News Pushing Price Controls?
It was the headline on the FOX Business News April 27 article that captured my attention. It said, “More Government Waste Found at Medicare.” I thought, well, what else is new, it’s pretty much a government-run program where waste and fraud is rampant. The Department of Health and Human Services (HHS) estimated it was about $50 […]
A Disappointing Vote but Not Unexpected
Senator David Vitter (R-La.) is on a mission.
CO-OPs: Another ObamaCare Catastrophe
On March 23, 2010, the Affordable Care Act (ACA), better known as ObamaCare, was signed into law. By the end of 2013, millions of Americans had lost the healthcare plan they liked and were forced to accept health insurance plans with mandated benefits they did not need or want. Their premiums increased by an average of 49 percent from 2013 to 2014. In November 2014, the Obama administration released data that showed premium rates would go up again in 2015, by as much as 20 percent, for those purchasing insurance under ObamaCare unless they switched plans.