Obamacare: Turning away cancer patients

Cancer clinics nationwide are turning away thousands of Medicare patients due to the sequester budget cuts that Obama put in place in the summer of 2011. The Washington Post reported the reduced funding, “which took effect for Medicare on April 1, makes it impossible to administer expensive chemotherapy drugs while staying afloat financially.” If we […]

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Subway ‘Wouldn’t Exist’ If Started Today Due to Regulations: Founder Deluca

Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. “If I started Subway today, Subway would not exist,” Deluca told CNBC’s “Squawk on the Street” Wednesday. Deluca said the environment for entrepreneurs in the U.S. has “continuously gotten worse because […]

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Seven million to lose insurance under Obamacare

President Obama’s health care law will force over 7 million people out of their job-based insurance coverage,  nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday. CBO said that this year’s tax cuts have changed the incentives for businesses and made it less attractive to pay for […]

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Obamacare Layoffs, Hiring Freezes Begin

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 […]

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AETNA CEO: Obamacare Could Cause Health Insurance Premiums to Double

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 […]

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Experts: Obamacare Will Raise Costs

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 […]

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