Posts Tagged ‘insurance’

Publius

WH Caves: Obama to Announce ‘Compromise’ on Birth Control, Abortion-Pill Mandate

by Publius

WASHINGTON (AP) – Rushing to end a political uproar, President BarackObama on Friday will announce that religious employers will not have to coverbirth control for their employees after all, The Associated Press has learned. The administration instead will demand that insurance companies will be the ones directly responsible for providing free contraception.

Obama’s abrupt shift is an attempt to satisfy both sides of a deeply sensitive debate, and most urgently, to end a mounting election-year nightmare for theWhite House. The leader of a Catholic organization and a prominent women’s group both expressed initial support for the changes.

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Publius

Memo: Gingrich Praised RomneyCare

by Publius

DES MOINES, Iowa (AP) – Republican presidential hopeful Newt Gingrich once praised the health care law enacted in Massachusetts by then-Gov. Mitt Romney.

In an April 2006 memo, the former House speaker called it “the most exciting development of the past few weeks.” Gingrich also said the law has “tremendous potential to effect major change in the American health system.”

The memo from Gingrich’s Atlanta-based Center for Health Transformation came to light Tuesday as the GOP candidate set out on a 22-stop bus tour of Iowa in the run-up to the state’s Jan. 3 caucuses.

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Publius

Supreme Court Sets Aside Three Days for ObamaCare Arguments

by Publius

(Reuters) – Oral arguments on President Barack Obama’s sweeping U.S. healthcare overhaul will last 5-1/2 hours spread over three days from March 26-28, the Supreme Court said on Monday.

The Supreme Court last month agreed to hear the 5-1/2 hours of oral arguments, one of the lengthiest arguments in recent years. There have been similar marathon sessions in a handful of big cases dating back over the past 70 years.

The court said it would hear one hour of arguments on March 26 on whether the legal challenges to the requirement that all Americans buy insurance must wait until after that part of the law has taken effect in 2014.

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Publius

#OccupyWallSt Is No Friend to Small Business

by Publius

From Entrepreneur:

The Occupy Wall Street movement has very different objectives from most small-business owners. Doug Schoen, a political pollster and Fox News analyst, recently surveyed 200 protesters and concluded that the majority of the movement’s members want higher taxes to redistribute wealth and heavier regulation on the private sector. But most small-business owners have been calling for less regulation and lower taxes to get the economy going again.

Moreover, most small-business owners believe in the capitalist system, while Occupy Wall Street expresses some anti-capitalist views. Take a look at some statements made in the movement’s first official release. “Corporations … have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions…. have consistently outsourced labor and used that outsourcing as leverage to cut workers’ health care and pay…. [and] have spent millions of dollars … to get … out of contracts in regards to health insurance.”

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Publius

Obama Opposes Repeal of Program He Suspended

by Publius

From The Hill:


President Obama is against repealing the health law’s long-term care CLASS Act and might veto Republican efforts to do so, an administration official tells The Hill, despite the government’s announcement Friday that the program was dead in the water.

“We do not support repeal,” the official said Monday. “Repealing the CLASS Act isn’t necessary or productive. What we should be doing is working together to address the long-term care challenges we face in this country.”

Over the weekend, The Hill has learned, an administration official called CLASS Act advocates to reassure them that Obama is still committed to making the program work. That official also told advocates that widespread media reports on the program’s demise were wrong, leaving advocates scratching their heads.

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Publius

FDA Grants Company Monopoly on Ancient Drug

by Publius

From CBSNews:


Colchicine has been used to treat gout and other inflammatory conditions for thousands of years. How could one company gain a monopoly?

There are about 1,000 medications on the market that predate the existence of the Food and Drug Administration and therefore were never approved. FDA official Deborah Autor spoke to CBS News as head of the office of unapproved drugs. “Well, for me, unapproved drugs present current risks,” Autor said. “We don’t know what’s in them. We don’t know if they’re going to work properly. We don’t know how they’re made and that’s a real concern.”

Hundreds of thousands of people take Colchicine each year. The FDA said over the past 40 years, 169 deaths have been linked to the medication. A company called URL Pharma decided it would take the ancient drug, sold for 10 cents a pill, and test it as part of an FDA program to either approve these drugs or get them off the market.

“One company chose to seek FDA approval and they spent tens of millions of dollars in order to present data necessary for that approval and in the process, there were some important things that came out of the approval process,” Autor said. “We discovered a lot of people were being excessively dosed with Colchicine.”

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Publius

Romney Advisors Met with White House during Debate over ObamaCare

by Publius

From MSNBC:


Newly obtained White House records provide fresh details on how senior Obama administration officials used Mitt Romney’s landmark health-care law in Massachusetts as a model for the new federal law, including recruiting some of Romney’s own health care advisers and experts to help craft the act now derided by Republicans as “Obamacare.”

The records, gleaned from White House visitor logs reviewed by NBC News, show that senior White House officials had a dozen meetings in 2009 with three health-care advisers and experts who helped shape the health care reform law signed by Romney in 2006, when the Republican presidential candidate was governor of Massachusetts. One of those meetings, on July 20, 2009, was in the Oval Office and presided over by President Barack Obama, the records show.

“The White House wanted to lean a lot on what we’d done in Massachusetts,” said Jon Gruber, an MIT economist who advised the Romney administration on health care and who attended five meetings at the Obama White House in 2009, including the meeting with the president. “They really wanted to know how we can take that same approach we used in Massachusetts and turn that into a national model.”

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Publius

Cordray Nomination: Ominous Signs in the Senate?

by Publius

Hopefully, it is not an ominous sign of things to come.

Last week, the Senate confirmed former Kentucky insurance regulator S. Roy Woodall for the one voting position on the federal Financial Stability Oversight Council (FSOC) reserved for someone with insurance expertise. The term is for six years.  The FSOC is in charge of monitoring the financial system to guard against the failure of the largest bank holding companies and non-bank financial institutions.

For the past year, Republicans in the House and Senate have worked together to prevent the approval of numerous president appointments both through regular order and through the use of recess appointment authority.  By keeping the House from adjourning when vacation and breaks come, the president has been unable to exercise his power thus sparing the nation from another round of liberal appointments that can do great damage to the country.

Because the confirmation process is often one of compromise and deal making, some worry about the possibility of a deal involving Richard Cordray and the Consumer Financial Protection Bureau (CFPB).

Especially in light of the fact that the Senate Banking Committee has called a vote on the Cordray confirmation itself this Thursday, October 6.   Sources in the nation’s Capitol have told Big Government that liberal Sen. Sherrod Brown (D-OH) is pressuring Sen. Rob Portman (R-OH) to break the logjam, as Cordray is from Ohio.

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Publius

ObamaCare Tops Upcoming Supreme Court Agenda

by Publius

From Reuters:


President Barack Obama’s sweeping healthcare overhaul will top the agenda in the new Supreme Court term that opens on Monday and could be the most momentous in decades.

Returning from its three-month recess, the nation’s highest court will confront legal challenges seeking to strike down Obama’s signature domestic policy achievement and a host of other charged issues in its 2011-12 term.

Other big cases pit privacy rights against new police tracking technology, involve jail strip searches and address a free-speech challenge by broadcasters to a U.S. government ban on nudity and blurted expletives on television.

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Publius

ObamaCare: Admin Set to Release Health Insurance Coverage ‘Recommendations’

by Publius

From Reuters:


A key recommendation for medical coverage standards under President Barack Obama’s healthcare overhaul will be released on October 7, according to the organization preparing the report.

The Department of Health and Human Services has asked the influential Institute of Medicine, an independent agency in Washington, to recommend how HHS should determine the basic health benefits for millions of Americans who will qualify for coverage sold through insurance exchanges beginning in 2014.

IOM spokeswoman Christine Stencel on Thursday said the agency will release the report on October 7, just a week later than the self-imposed deadline of the end of September.

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Publius

Obama Deficit Plan: Cuts to Medicare and Higher Costs for Seniors

by Publius

From the Associated Press:

Obama promised Medicare beneficiaries that he’d veto any legislation asking them to sacrifice without also raising taxes on upper-income earners. But he didn’t issue them a complete pass.

Instead, he’s proposing to raise a range of costs for future retirees, while mostly shielding Medicare’s 48 million current beneficiaries. Under the president’s plan, starting in 2017:

_Upper-income beneficiaries would pay higher monthly premiums for outpatient and prescription coverage. Eventually about a quarter of all Medicare beneficiaries would be hit with the higher income-related premiums that only a small share of seniors now pay.

_Newly signed-up beneficiaries would pay a penalty if they also purchase private insurance that covers all or most of Medicare’s copayments and deductibles. Administration officials say such insurance encourages over-treatment.

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House Committee on Ways and Means

White House Celebrates: Health Care Spending Increases Because of Democrats’ Health Care Law

by House Committee on Ways and Means

Today, the White House spin machine attempted to use a Health Affairs report authored by the economists and actuaries from the Centers for Medicare and Medicaid Services (CMS) to tout the supposed success of the Democrats’ health care law.  The report once again cites that national health care expenditures will increase as a result of the law.

Recall that previously, the Obama Administration stated that slowing national health spending was the “single most important thing” we could do improve our nation’s finances.  However, the chart below from the report shows national health care spending will increase drastically as a result of the Democrats’ health care law.
As our nation careens towards fiscal disaster, with the driving factor being health care costs, we find that we are much closer to the edge of the cliff.  The Democrats’ law may well drive us over the edge.

Mike Flynn

Why Doesn’t AARP Put Any of Its Windfall Profits into Its Charitable Activities?

by Mike Flynn

Yesterday, I noted that AARP’s main ‘business’ is renting its name to insurance companies selling policies to senior citizens. It’s a robust business that has grown rapidly over the last few years. In 2002, AARP collected around $240 million renting its name. By 2009, that figure had almost tripled to $657 million a year. (Nice work if you can get it.)

At least, AARP, Inc., who sells the naming rights could use this windfall to further their important charitable work, right?

Um, not so much.

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Mike Flynn

AARP’s Billion Dollar ObamaCare Windfall

by Mike Flynn

Ever since the passage of ObamaCare, I’ve been perplexed by a lingering question: Why did AARP so aggressively lobby for passage of the law? After all, the plan was built on $500 billion in cuts to Medicare. Even in Washington, half a trillion dollars is still a ton of money. Medicare is sacrosanct among America’s senior citizens. It was unfathomable to me that the nation’s largest membership association of seniors would, not just not oppose the cuts, but would actively lobby for them. It didn’t make any sense.

Mostly, I just chalked up AARP’s actions to its general leftist, partisan leanings. Medicare cuts by Republicans are bad, but cuts by Democrats to increase government involvement in health care are okay. Boy, was I wrong.

According to this blockbuster report, released today by the House Ways and Means Committee, AARP’s support of ObamaCare and, specifically, the Medicare cuts was entirely rational and self-serving. The Committee found, after an 18 month investigation, that AARP stands to reap an extra billion dollars in profits from ObamaCare. (Yes, that is billion with a B.) Worse, this extra profit is largely BECAUSE of the Medicare cuts.

AARP’s members may face uncertainty over their future health care because of the cuts, but AARP faces certain windfall profits for itself.

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