No Competition, Cost Overruns — Where Do We Go From Here On The ‘Private’ Option?

Capitalism for dummies

You’ll probably find this hard to believe, but things aren’t going to so well with the Obamacare “private” option: just last week, my colleague Dan Greenberg wrote about the lack of competition in the program. Forbes had a national piece last week about the cost overruns of the program -- so far, after just a few short months, it’s currently 11% over original projections. In response to these developments, many lawmakers have been proactive in trying to figure out what’s driving the cost … [Read more...]

The Competition Vacuum in the “Private” Option

competition map

You might recall that one of the selling points of the “private” option was market competition. Competition among insurance carriers was going to lower prices and improve the quality of services. Indeed, the actuaries who estimated the costs of the “private” option relied on the low prices that competition would create. Our insurance commissioner even explained that the high number of carriers that were participating – four! – was triggered by the “private” option. In reality, market … [Read more...]

Another Justification For The Obamacare “Private” Option Bites The Dust

h

Late last Monday evening, March 31, Congress approved a proposal to delay cuts to reimbursements for doctors who provide Medicare services. But that’s not all: the bill also pushed forward cuts to hospitals even farther into the future. These payments, commonly referred to as “disproportionate share hospital” payments or DSH, are given to hospitals to help pay for their uncompensated care costs related to the treatment of Medicaid patients. This development is significant because, as you may … [Read more...]

You Won’t Believe What Mark Pryor Said About Obamacare This Time

Pryor IQ meme

We already know that Senator Mark Pryor thinks Obamacare is an "amazing success story" that is "creating jobs." But his latest comments about the disastrous law will truly shock you: in a recent interview with KARK Pryor said, knowing what he knows now, he would vote for Obamacare again. This truly must be seen to be believed: … [Read more...]

Ingram Eviscerates Jackson Hewitt’s Spinning On Medicaid Expansion Savings

1798479_282340961929349_994261125_n

A few weeks ago, as the debate over re-funding the Obamacare “private” option was heating up, the tax prep firm Jackson Hewitt released a “study” that allegedly proved that expanding entitlements in Arkansas would save businesses money! If that sounds too good to be true, that’s because it is. I wrote briefly about some of the flaws of this report last month. Now, Jonathan Ingram of the Foundation for Government Accountability has released a new paper that more thoroughly debunks many of the … [Read more...]

New Footage From FGA: The ‘PO’ Is “ObamaCare’s Medicaid Expansion”

1798479_282340961929349_994261125_n

The Foundation for Government Accountability has released a new web video that highlights many of the broken promises of the Arkansas version of Medicaid expansion, which has been dubbed the “private option.” The video features comments from FGA's Kristina Ribali and two Arkansas legislators -- Rep. Bruce Westerman (the Advance … [Read more...]

Obamacare’s Secret Mandate Exemption

photo (4)

Yesterday I wrote about the latest Obamacare implementation delay. Today, the Wall Street Journal uncovered an additional wrinkle. Buried in the latest HHS technical bulletin is a provision that excuses millions of Americans from complying with the Obamacare individual mandate -- the one that was supposed to require them to purchase health insurance this year. From the WSJ: In 2013, HHS decided that ObamaCare's wave of policy terminations qualified as a "hardship" that entitled people to a … [Read more...]

Oh Look, Another Obamacare Delay!

photo (3)

A little late to the game here -- and there may be another delay before I even finish writing this piece -- but would you believe that there was another Obamacare delay last week? This time, President Obama is (shockingly) pushing more mandates past the next election. According to CNBC, this recent delay will allow folks to keep their plans for an additional two years, even if they don’t meet Obamacare’s new “minimum standards,” if their states allow it. Which is weird, because I’m pretty sure … [Read more...]