(CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS’s assumption that […]
Obamacare opponents warned that forcing companies employing 50 or more full-time workers to buy healthcare would prompt employers to slash jobs and worker hours. And that’s exactly what’s happening,says one of President Barack Obama’s favorite economists, Mark Zandi of Moody’s Analytics. “It will have a negative impact on job creation” this year, says Mr. Zandi. The Obamacare employer […]
Aetna CEO Mark Bertolini told CNBC’s “Closing Bell” on Wednesday: “to provide all Americans with health insurance, premiums will have to rise to pay for it”. “If we’re going to insure all Americans, which is a worthy and appropriate cause, then somebody has to pay for it,” Bertolini said of the expected premium increases under […]
In filings with California state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers. Consumer advocates say the firm should use its reserves to hold down rates. Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for […]
President Obama’s election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power – but that has left some business owners baulking at the extra cost Obamcare will bring. Florida based restaurant boss John Metz, who runs approximately 40 Denny’s and owns the Hurricane Grill & Wings franchise has […]
One of the most famous quotes in history is, “There’s no such thing as a free lunch.” Actually, the real quote is, “There ain’t no such thing as a free lunch”. The adage refers to the idea that it is impossible for a man to get something for nothing. Someone forgot to tell it to he […]
The New York Times reports that an “ambiguity” in President Obama’s signature health care law may make the Affordable Care Act unaffordable for millions of American workers and their families. Ironically, the glitch is Clintonesque in nature, over the meaning of the word “affordable.” The definition of the word could have enormous practical repercussions in […]
Small firms such as restaurant franchises are under more pressure to rein in expansion plans since the Supreme Court in June upheld the main provisions of the Affordable Care Act, known as Obamacare. Randall Tabor, who owns two Quiznos sandwich restaurants with 36 workers in Virginia Beach, Va., has rolled back earlier plans he had […]
Yet another blunder in Obamacare, the unread healthcare bill passed by the Democratic congress, Hospital leaders are now complaining and told The New York Times they’re not happy with the terms in the health care reform law that will cut in halve the amount of money they receive for caring for uninsured people. Obamacare refused to address the […]
The leading Catholic media organization in the world, Eternal Word Television Network, is prepared to pay a “financial fine on faith” likely to exceed at least $600,000 per year rather than comply with Obamacare’s anti-conscience mandate. EWTN is suing the federal government over the anti-conscience mandate, which requires religious institutions to provide “preventative” services — […]
