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 […]
The federal government has issued a series of sweeping new rules and regulations surrounding Obamacare — benefits that health-industry experts fear could end up costing Americans more. The proposed regulations, revealed Tuesday by the Centers for Medicare and Medicaid Services and the Department of Health and Human Services, will begin in 2014. They mandate: Health […]
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 […]
After months of delays, the floodgates are about to be opened as it was planned after the election as to not effect Obama’s re-election. This week the Health and Human Services Department delivered two major health reform rules to the Office of Management and Budget on Friday, the first in an anticipated stream of health […]
In an experiment apparently aimed at keeping down the cost of health-care reform, Orlando-based Darden Restaurants has stopped offering full-time schedules to many hourly workers in at least a few Olive Gardens, Red Lobsters and LongHorn Steakhouses. Darden said the test is taking place in “a select number” of restaurants in four markets, including Central Florida, but […]
The following are the top five tax increases on the middle class signed into law by the Obama-Biden administration: 1. The Obamacare Individual Mandate Non-Compliance Tax: Starting in 2014, anyone not buying “qualifying” health insurance – as defined by President Obama’s Department of Health and Human Services — must pay an income surtax to the […]
Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013. These were specifically planned to come out after the 2012 election as to not sway voters against Obama. The Obamacare Medical Device Tax – a $20 billion tax increase: […]
Congress’ official scorekeeper said Wednesday that roughly eight million Americans will pay penalties under President Obama’s health care law for lacking insurance than had previously been estimated. Most of them middle class. Under the law, Americans must be insured starting in 2014 or pay a penalty assessed on their tax returns. Shortly after the legislation […]
