Category Archives: ObamaCare

NC unemployment rate up to 6.5 percent and labor force drops .3, Labor force participation rate plummets 4.1 percent since Jan 2009, How are dropouts paying bills?

NC unemployment rate up to 6.5 percent and labor force drops .3, Labor force participation rate plummets 4.1 percent since Jan 2009, How are dropouts paying bills?

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

 

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

 

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

I rarely watch News 2 News out of Greensboro, NC. Yesterday, at a family member’s house I heard Julie Luck of News 2 describe the recent news about the NC unemployment rate for July. I was reminded of the Valley Girl speak of years ago.

The News Record did a little better.

“North Carolina’s unemployment rate inched higher for July as the state’s labor force declined by nearly 15,000 over the course of a month, state officials said Monday.

The jobless rate increased by 0.1 percentage points to 6.5 percent in July after being flat for two months, according to a report by the Commerce Department. North Carolina’s unemployment rate was higher than the national rate of 6.2 percent.”
“”The number of employed decreased almost 20,000, when it’s seasonally adjusted, which is quite a bit,” said Kurt, an associate professor of economics at Elon University.

Still, Kurt noted the numbers look better than they did a year ago when the unemployment rate was 1.6 percentage points higher. Total private sector jobs have grown by about 94,000 since July 2013.

“When you compare it year to year, it’s not a bad report,” he said. “Overall, the last year has been good for North Carolina.””

Read more:

http://www.news-record.com/news/n-c-jobless-rate-inches-up-to-percent-for-july/article_16f57002-26fc-11e4-a89d-001a4bcf6878.html

From above:

“Overall, the last year has been good for North Carolina.”

Really?

The labor force participation dropped 1 percent in the past year.

It dropped .3 percent the past month.

The labor force participation rate in NC plummeted 4.1 percent since January 2009.

Obama puppeteer Valerie Jarrett Obamacare insuror bailout increases, House oversight committee report July 28, 2014, Large backdoor bailouts of insurance companies

Obama puppeteer Valerie Jarrett Obamacare insuror bailout increases, House oversight committee report July 28, 2014, Large backdoor bailouts of insurance companies

“Obama’s introduction into the “Combine” came when his wife Michelle was hired by Jarrett in the early 1990s, and served as Jarrett’s assistant in Daley’s office and followed her to the Department of Planning and Development.
Jarrett was appointed chairman of the University of Chicago Medical Center Board in June 2006. She was also made chairman of a newly created Executive Committee of that Board, according to a June 13, 2006 University announcement. In addition, Jarrett was named vice-chair of the University’s Board of Trustees, the announcement states.
Michelle landed a high paying job at the University of Chicago Hospitals. Two months after Obama became a US senator, she was appointed vice president for community and external affairs. Tax returns show the promotion nearly tripled her pay to $317,000 in 2005, from $122,000 in 2004.”…Evelyn Pringle

“What about those rumored billions of dollars the oil rich Arab nations are
supposed to unload on American black leaders and minority institutions?
“It’s not just a rumor. Aid will come from some of the Arab states,”
predicted a black San Francisco lawyer who has close ties to officials of
the Organization of Petroleum Exporting Countries (OPEC).

“The first indications of Arab help to American blacks may be announced in
December.” said Khalid Abdullah Tariq Al-Mansour, formerly known as Donald
Warden, of the Holmes and Warden law firm.”…Vernon Jarrett November 6, 1979

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Valerie Jarrett, one of the puppeteers of Barack Obama, for the most part, flies under the radar and escapes scrutiny.

Many people are still unaware of who she is, her long time envolvement with the Obamas and her involvement in Chicago corruption.

I was reminded of this at a gathering Saturday evening when I mentioned her name and the otherwise informed person said “Who is she?”

Many have asked who are the puppeteers controlling Obama. Some, including myself believe that the Saudis are.

Whether Obama is in the Oval Office or on one of his numerous vacations or golf outings, Jarrett is running the White House.

From the House Oversight Committee July 28, 2014.
“In making the case for ObamaCare prior to its passage in Congress, President Obama often vilified insurance companies and decried their large profits. For example, in July 2009, President Obama remarked that “health insurance companies and their executives have reaped windfall profits from a broken system.”1 One month later, he remarked that “nobody is holding these insurance companies accountable.”2 The President’s public criticism of large health
insurance companies was good politics for him and likely contributed to the law’s passage. The text of the law passed by Congress and the White House’s recent actions to protect insurance company profits, however, show the hypocritical nature of the President’s arguments in selling the law.”

“ObamaCare benefited health insurance companies with its unprecedented mandate that individuals purchase government-approved health insurance coverage and with expensive subsidies to assist individuals in purchasing that coverage through ObamaCare exchanges. In addition to providing health insurance companies with a mandate for individuals to purchase their product as well as creating these subsidies, ObamaCare contains large backdoor bailouts of
insurance companies offering ObamaCare-compliant coverage in the individual and small group health insurance market. Essentially, ObamaCare contains two types of bailouts for insurance companies offering ObamaCare-compliant coverage – one bailout transfers money from the vast majority of people with health insurance, and another bailout transfers money directly from
taxpayers.”

“At least one insurance company appealed directly to Valerie Jarrett, Senior Advisor to President Obama and Assistant to the President for Public Engagement and Intergovernmental Affairs, after the Administration signaled its intent in March 2014 to implement the Risk Corridor program in a budget neutral manner. Chet Burrell, the President and CEO of Care First Blue Cross Blue Shield, wrote to Ms. Jarrett that insurers would likely require Risk Corridor payments on net and that budget neutrality would lead insurers “to increase rates substantially (i.e., as much as 20% or more…).””

“Ms. Jarrett intervened and wrote to Mr. Burrell that “the policy team is aggressively pursuing options.” After the Administration explained how it would implement the Risk Corridor program in April 11, 2014 guidance, Ms. Jarrett wrote to Mr. Burrell that the Administration had given insurance companies 80 percent of what they sought.”

“It appears that several companies, including Care First Blue Cross Blue Shield,
underpriced their exchange plans in 2014 due to their expectation of a taxpayer bailout through the Risk Corridor program.”

“Essentially, ObamaCare contains two types of bailouts for insurance companies offering ObamaCare-compliant coverage in the individual health insurance markets throughout the country. The first bailout, ObamaCare’s Reinsurance program, transfers money from the vast majority of people with health insurance to individuals who have purchased ObamaCarecompliant
coverage in the individual market. The amount of this bailout was set by statute and will equal $10 billion in 2014, $6 billion in 2015, and $4 billion in 2016.

The second bailout, ObamaCare’s Risk Corridor program, transfers money directly from taxpayers to insurance companies. There is no statutory limit on the amount of taxpayer exposure for this bailout. According to the information obtained by the Committee, health insurance companies and the co-ops expect a taxpayer bailout of the magnitude of about $1 billion this year alone. Moreover, the information provided by insurers shows that the expected size of the taxpayer bailout has increased by more than 33 percent since October 1, 2013, partly because the Administration ceded to industry demands and unilaterally altered numerous bailout provisions, making them more generous to insurers.”

“ObamaCare’s mix of taxes, subsidies, regulations, and mandates significantly increased the cost of insurance in the individual market. For example, in its rate filings for the 2014 plan year, one of the insurers that provided information to the Committee planned to increase average premiums by 55 percent for its ObamaCare eligible individual members, with a much larger increase for younger individuals.13 The insurer referred to these increases as “dramatic ‘shocks’ on premium rates, out of pocket expenses and reduction in plan choice.”14 The insurer further stated that “only a relatively small percentage (approximately 7 percent) of our members may be eligible for meaningful subsidies to help offset the higher premiums or obtain lower out of
pocket expenses. This means that most will feel the full brunt of the increases.””

“Evidence that Several Companies Underpriced Plans and Now Expect Large Bailouts

The 3R programs, which insulate companies from significant losses, provided insurers with a strong incentive to price aggressively to gain market share. As described by Health Watch, risk corridors “could provide an incentive for an issuer to price its plan competitively … and if this price ends up being too low to cover costs, it will share that burden with HHS, while at the same time gaining market share.”56 Both the Reinsurance program and the Risk Adjustment program provide insurers with similar incentives.

According to Professor Chandler’s estimates, ObamaCare’s Reinsurance program, funded by higher premiums on the vast majority of Americans, provides about a $500 subsidy per covered life for ObamaCare-compliant plans in the individual market.57 With respect to the Risk Corridor program, Professor Chandler testified “that by backstopping the losses, there is
somewhat of an incentive for insurers to underprice, get the business, if things go badly, Risk Corridors bails them out and if things go okay, well, great.””

“Size of the Expected Bailout Has Significantly Increased

Table 2 shows the total expected Risk Corridor and Risk Adjustment payments for the 15 insurers and 23 co-ops as of both October 1, 2013, and May 2014. Table 2 demonstrates that insurers’ expected payments through each program have grown in size over time. Overall, the insurance industry’s expectation for payments through the Risk Corridor program have increased by about 34.7 percent since October 1, 2013. In addition, insurers and co-ops currently expect
payments through the Risk Adjustment program of nearly twice the amount they expected on October 1, 2013.”

“For example, on April 4, 2014, Chet Burrell, the President and CEO of CareFirst Blue Cross Blue Shield, emailed Valerie Jarrett, Senior Advisor to President Obama and Assistant to the President for Public Engagement and Intergovernmental Affairs, “I want to bring to your attention a brewing issue that will negatively impact upcoming ACA premium rates – any chance
for a brief conversation?”87 Later that day, Mr. Burrell and Ms. Jarrett spoke on the phone, and the following day, Mr. Burrell emailed Ms. Jarrett, “[h]ere’s a short summary of the issue I described to you yesterday, as you requested. Thank you for understanding that I am only trying to give a ‘heads-up’ notice on an issue that could produce an unwelcome surprise. …”88 Mr. Burrell attached a document entitled ‘Premium Rate Increase Concern.docx’; which discussed
the “Concern That [the] Recent HHS Rule will cause Sharp Premium Rate Increases.”89 According to Mr. Burrell’s memo:”

Mr. Burrell’s memo is further evidence that insurers generally expect to receive payments through the Risk Corridor program. It also shows that this expectation of receiving payments allowed insurers to keep exchange plan premiums significantly cheaper than they would have been without taxpayers being on the hook for a bailout. Mr. Burrell’s memo essentially presents
the Administration with a choice: face significantly higher premium increases in 2015 for exchange plans or make taxpayers bail out insurance companies.”

Read more:

http://oversight.house.gov/wp-content/uploads/2014/07/WH-Involvement-in-ObamaCare-Taxpayer-Bailout-with-Appendix.pdf

 

 

Home ownership hits lowest level since 1965, Morgan Stanley analysts ownership rate lower than Census Bureau statistics, Nation of renters, Obama core supporters millenials hit hardest with unemployment student loans and housing options

Home ownership hits lowest level since 1965, Morgan Stanley analysts ownership rate lower than Census Bureau statistics, Nation of renters, Obama core supporters millenials hit hardest with unemployment student loans and housing options

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Well, we told you so.

Once again one of Obama’s core support groups is getting clobbered by EconObama.

From CNN Money August 5, 2014.
“Home ownership hits lowest level since 1965″

“As the foreclosure crisis continues to wreak havoc on the housing market, a source of national pride has taken a sour turn. Home ownership is on the decline and, according to a recent Morgan Stanley report, the United States is fast becoming a nation of renters.

Last Friday, the Census Bureau reported that the percentage of people who owned a home had dropped to 65.9% during the second quarter — its lowest level since the first quarter of 1998 and a far cry from the high of 69.2% reached in late 2004.

Yet, in a research paper issued a week earlier, Morgan Stanley (MS, Fortune 500) analysts Oliver Chang, Vishwanath Tirupattur and James Egan argued that the home ownership rate is even lower than the Census Bureau statistics say.

In fact, once they factored in delinquent mortgage borrowers (the ones who are likely to lose their homes at some point), Morgan Stanley calculated that the home ownership rate is more like 59.2%.

That’s the lowest level since the Census Bureau started keeping quarterly records back in 1965 (before that, it recorded home ownership rates once a decade). The Census Bureau’s statistics, however, do not factor in mortgage delinquencies.”

“The dip in home ownership has done more than just line the pockets of landlords. It has also created a base of Americans with no home to rely on in times of financial need. Millions of owners can tap into their home’s equity in times of financial stress or to pay for cars, college tuition or other major expenses.

Are you on track for retirement?

Paying for a home is also a type of “forced savings,” said David Crowe, chief economist for the National Association of Home Builders. He explained that, after interest, mortgage payments go toward paying down the loan balance — and for homeowners who end up in the right type of loan the ending balance can be significant.
There are also less tangible benefits to home ownership. An increase in home ownership overall tends to improve community stability, according to “The Social Benefits of Homeownership and Stable Housing,” a report released last year by the National Association of Realtors (NAR).

In the paper, NAR cited several academic studies that found that children of homeowners have greater academic achievement than children of renters, that homeowners vote more and volunteer their participation in more community events than renters and that communities are better maintained and safer in neighborhoods with high ownership rates.”

Read more:

http://money.cnn.com/2011/08/05/real_estate/home_ownership/

From Citizen Wells May 13, 2014.

Citizen Wells recently presented the impact on blacks of the Obama economy.

Another demographic that supported Obama, young people, has also been devastated by the Obama economy and the subsequent impact on the housing market has affected everyone.

From Market Watch May 13, 2014.

“There was an 8% drop in existing home sales in Greensboro-High Point, N.C., after a 2% rise in the fourth quarter, RealtyTrac found. “There’s still a lot of uncertainty about the economy,” says Tommy Camp, president and CEO of Berkshire Hathaway HomeServices Yost & Little Realty. “Some buyers say, ‘We’ve got a job, but we don’t know how secure that is.’” A slowdown in household formation has also had a negative impact on the housing market, he says; 18- to 34-year-olds account for more than half of missing households — that is, Americans who would be owning or renting a home now if prerecession economic trends had continued.”

Read more:

http://www.marketwatch.com/story/7-places-where-property-prices-are-falling-2014-05-13?dist=beforebell

From Market Watch May 12, 2014.

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.

“The [25 to 35] age cohort…probably has had the hardest time recovering from the Great Recession,” said Rick Sharga, executive vice president of Auction.com, an online real estate marketplace. “For the time being, we’re likely to see a higher percentage of households formed being rental households,” and overall homeownership rates are likely to continue to drop somewhat—perhaps even down to 62%—before bottoming out and climbing back up, he added.

While some industry watchers have suggested a shift in attitudes away from Homeownership, Sharga and others say it’s too soon to know whether people truly have a waning interest in owning homes. But one thing’s for sure: Young people have plenty of hurdles to becoming homeowners.”
“The unemployment rate for 18-to-29-year-olds was 9.1% in April, which rises to 15.5% if you include those who have given up looking for work, according to Generation Opportunity, a national, nonpartisan youth advocacy organization. The unemployment rate was 6.3% in April for all ages.

Forget that without a job it’s just about impossible to get a mortgage. (It’s also hard to rent: Twenty-nine percent of adults younger than 35 live with their parents, according to Gallup poll results released earlier this year.) A slow start to earnings also means a slow start to saving.

“The majority of younger renters report having insufficient assets to cover a 5% down payment plus closing costs on a typical starter home,” Shahdad wrote.”

“In 2012, 1.3 million students who graduated from four-year colleges (or 71%) had student loan debt, up from 1.1 million in 2008 and 900,000 in 2004, according to the Institute for College Access & Success, a nonprofit independent research and policy organization. Graduating seniors with student loans had average debt levels of $29,400 in 2012, up 25% from $23,450 in 2008.

And new mortgage regulations, set into motion by the Dodd-Frank Act, require that borrowers have no more than a 43% debt-to-income ratio (with debt encompassing monthly housing costs and debt payments, including those on student loans). That ceiling may also restrict first-time buyers, some say.”

http://citizenwells.wordpress.com/2014/05/13/obama-economy-devastates-young-and-housing-markets-under-35-home-ownership-plummets-from-43-6-percent-to-36-2-unemployment-rate-9-1-to-15-5-percent-for-18-to-29-year-olds-student-loan-debt/

 

Gallup poll reveals high inflation and struggling economy, July 13, 2014, Almost 60 percent paying more for groceries gasoline, 42 percent paying more for healthcare

Gallup poll reveals high inflation and struggling economy, July 13, 2014, Almost 60 percent paying more for groceries gasoline, 42 percent paying more for healthcare

“If you’ve got health insurance we’re going to work with you to lower your premiums by $2,500 per family per year.”…Barack Obama

“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times… and then just expect that other countries are going to say OK”…Barack Obama

 

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”George Orwell, “1984″

 

I am certain you have been reading the horse poop about the improving economy, lower unemployment rate and low inflation.

I am also certain that informed readers and certainly frequenters of Citizen Wells have dismissed the Orwellian brainwashiong attempts.

Here is more evidence of what you already know and have experienced.

From Gallup July 11, 2014.

“Consumers Spending More, Just Not on Things They Want
Groceries, gasoline top list; leisure, travel, dining out at bottom”

“Slightly less than half of all Americans (45%) report spending more than they did a year ago, while 18% report spending less. A closer look at these numbers reveals Americans’ increased spending is on household essentials, such as groceries, gasoline, utilities, and healthcare, rather than on discretionary purchases.

The Items Americans Spend Money on, Summer 2014

At the other end of the spectrum, roughly one-third of Americans report spending less on discretionary items such as travel (38%), dining out (38%), leisure activities (31%), consumer electronics (31%), and clothing (30%). More than half of Americans say they are spending about the same for rent or mortgage, household goods, telephone, automobile expenses other than fuel, personal care products, and the Internet.

All of this suggests that the increasing cost of essential items is further constraining family budgets already hit hard by the Great Recession and still reeling from a stagnant economy. This is the first time Gallup has measured household spending in this way, so it is unclear whether the current patterns are typical, or if the results on discretionary spending are better now than during the recession. Gallup’s daily measure of consumer spending has been significantly higher the last two years than in 2009 through 2011 — although this could be partly the result of higher spending on essentials.”

“These results paint a picture of consumers straining against rising prices on daily essentials to afford summer travel, dining out, and discretionary household purchases — the kinds of purchases that ordinarily keep an economy humming. And while the two-thirds of Americans who plan to travel this summer is the highest level Gallup has measured since 2006, nearly one-third plan to spend just one night or less away from home, meaning it is not much of a vacation.

Those who do intend to travel this summer expect to spend more in all travel categories — transportation, food, lodging, and entertainment — than last year, further pressuring their already-strained budgets. Most will take their own cars despite relatively high gas prices. If there was any doubt that the U.S. economy is still struggling to get back on its feet, the results of this poll reinforce that reality. Because consumer spending is the lifeblood of a healthy economy, these findings suggest that discretionary spending still has a ways to go before it will fuel the kind of economic growth Americans have been hoping for.”

GallupSpending2014

Read more:

http://www.gallup.com/poll/172532/consumers-spending-not-things.aspx

 

VA employees stopped application processing to work on Obamacare, Veterans Affairs whistleblower Scott Davis, Congressional testimony on Tuesday, 10k plus veteran applications purged?

VA employees stopped application processing to work on Obamacare, Veterans Affairs whistleblower Scott Davis, Congressional testimony on Tuesday, 10k plus veteran applications purged?

“Veteran health applications were left in pending status, were not given the appropriate amount of attention, veteran health programs such as the Veteran Health Identification Card was disastrous in its deployment nationwide so that VA Health Eligibility staff could focus on doing promotional material for the Affordable Care Act.”…Scott Davis

“VA’s sordid bonus culture is a symptom of a much bigger organizational problem: the department’s extreme reluctance to hold employees and executives accountable for mismanagement that harms veterans,”… Rep. Jeff Miller, R-FL

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From Liberty Unyielding July 4, 2014.

“V.A. employee: They had us stop work on V.A. applications so we could work on Obamacare”

“A Veterans Affairs whistleblower from Atlanta will testify before Congress next Tuesday about widespread destruction of applications and retaliation against whistleblowers. His testimony will not negate the claim that the V.A. scandal was indeed a “mess” that Barack Obama inherited from previous administrations, but it will demonstrate that this administration exacerbated the problem. How? By shifting workers from the task of processing V.A. applications last summer to work on Obamacare enrollment.

Scott Davis is a program specialist at the V.A.’s national Health Eligibility Center in DeKalb County, Georgia. His story was published in the Atlanta Journal-Constitution this past Sunday and appeared on the Neil Cavuto program on Fox News Wednesday. As opposed to previous whistleblower reports, which focus V.A. hospitals and getting to see doctors, Davis’ revelations are about the processing of applications by V.A. offices.

Davis told the Journal-Constitution that health benefit applications for more than 10,000 veterans may have been improperly purged from the Health Eligibility Center’s national data system. He began filing complaints in January 2014, revealing that managers were focused more on meeting goals linked to the Affordable Care Act than processing V.A. applications. Their bonuses were held out as “carrots.””
“Davis expanded on his revelations to Cavuto on Wednesday, explaining that 17,000 applications for V.A. Healthcare were destroyed, and they’re “also looking into a backlog of over 600,000 pending applications for V.A. Healthcare.” The applications were purged as a way to deal with pressure from Washington D.C.”

Read more:

http://libertyunyielding.com/2014/07/04/v-employee-us-stop-work-v-applications-work-obamacare/

 

 

Obama newspaper endorsement triggers apology, Billings Montana Gazette apologizes to readers, Obamacare, Scandals, NSA spying, Failure to approve Keystone XL pipeline

Obama newspaper endorsement triggers apology, Billings Montana Gazette apologizes to readers, Obamacare, Scandals, NSA spying, Failure to approve Keystone XL pipeline

“The function of the press is very high. It is almost Holy.
It ought to serve as a forum for the people, through which
the people may know freely what is going on. To misstate or
suppress the news is a breach of trust.”…. Louis D. Brandeis

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From the Washington Examiner July 1,  2014.
“That bad, huh? Newspaper so disappointed in Obama it apologizes for 2008 endorsement”

“President Obama has so far been a major disappointment to even his most ardent supporters, his approval numbers steadily falling to fresh lows.

And the president is apparently such a disappointment, that the Billings Gazette in Montana felt compelled last week to apologize to its readers for endorsing him in 2008 over Sen. John McCain, R-Ariz.

At least we were “winning battles in Iraq” when George W. Bush was president, reads the editorial, titled “Gazette opinion: Obama earned the low ratings.””
“The editorial contained a list of what the paper’s editors consider the president’s mistakes:

— The scandal over NSA spying on Americans

— Obama’s “war on carbon” and his failure to approve the Keystone XL pipeline.

— The failure of diplomacy in Iraq that put the country on the brink of civil war.

— The Bowe Bergdahl swap, which made the administration seem incompetent.

— Mismanagement of the Department of Veterans Affairs that led to to veterans dying before they could receive medical care.”

Read more:

http://washingtonexaminer.com/that-bad-huh-newspaper-so-disappointed-in-obama-it-apologizes-for-2008-endorsement/article/2550355?custom_click=rss

 

Obamacare subsidy enrollees could see substantial increases in 2015, Nine state analysis, Shopping and switching plans may help, Avalere study

Obamacare subsidy enrollees could see substantial increases in 2015, Nine state analysis, Shopping and switching plans may help, Avalere study

“If you like your health care plan, you can keep your health care plan.”…Barack Obama

“If you’ve got health insurance we’re going to work with you to lower your premiums by $2,500 per family per year. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president.”…Barack Obama

 

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Obama, Valerie Jarrett, the Obama camp are good at what they specialize in, diversions.

The impact of Obamacare has been marginalized by the lack of coverage due to the diversions.

From Kaiser Health News June 26, 2014.

“Health insurance premiums for people with subsidies could increase substantially in some markets – but consumers who shop around may not end up paying more, a new report out Thursday says.

Shopping around may not be as likely, however, under proposed rules also released Thursday by the Obama administration which will automatically re-enroll the vast majority of those who are signed up for plans through the online marketplaces. Automatic re-enrollments might ease the experience, but will also make it less likely consumers will check out other options.

Consumers who choose to would still be able to shop around, the administration said. And the Avalere study shows they should.

The analysis of rates filed in nine states found that as insurers battle for a share of the individual market, some plans that were the low-priced leaders this year are not the least expensive options next year.

Because subsidies through the Affordable Care Act are tied to “benchmark” plans, which are the second lowest-cost silver-tier plans in each market, even those with subsidies could see the monthly amounts they pay change. In most of the states studied, the second lowest-cost plan is changing.”

“If you are a savvy buyer, you could pick a low-cost plan and probably avoid a significant rate increase,” said Caroline Pearson, vice president at Avalere. But those who do nothing may end up paying more.

Here’s how it works: Subsidy-eligible individuals – those who earn between about $11,480 and $45,960 – can enroll in any plan they like. But those who choose plans other than the benchmark silver plans would pay the difference in monthly premium cost, dollar for dollar.

In a hypothetical example cited by Avalere, a 40-year-old consumer who enrolled this year in a $214-a-month benchmark plan paid $58 of her own money toward the premium after the subsidy. But now her insurer plans to raise rates next year to $267 a month. Because other plans have come in lower, her plan is no longer the benchmark. That benchmark plan is now a different one, whose price is $231 a month.

Unless she switches plans, the consumer must now pay the difference. Her income has stayed the same, so her subsidy of $173 a month remains unchanged. But, because her plan is now $36 more than the benchmark plan, her monthly payment rises to $94 for the premium – unless she switches to the lower-cost plan.

Instead of narrowing, as might be expected, the range in premium prices widened from 2014 to 2015, Pearson said.”

Read more:

http://capsules.kaiserhealthnews.org/index.php/2014/06/premiums-for-many-in-the-individual-market-may-change-next-year/