Archive for February 18th, 2014

Taxpayer’s To Pay $450,000,000 Bailout For Humana Insurance Company

Tuesday, February 18th, 2014

taxpayerHumana announced that it expects to tap the three risk adjustment mechanisms in ObamaCare for between $250 and $450 million in 2014. This amounts to about 25 percent of the insurer’s expected exchange revenue.”

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How Business Can Handle ObamaCare’s Suffocating Costs

Tuesday, February 18th, 2014

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Charge Employees the Maximum Allowable Premium. This I think will be the most attractive strategy. Under the ACA, health insurance is deemed “affordable” if the employee’s premium does not exceed 9.5% of the employee’s wages.” See (Employees Pay For ObamaCare As Condition of Employment?).

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Why The White House Is Panicking

Tuesday, February 18th, 2014

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Senator Reid Pulling ObamaCare Packages

After delaying the employer mandate to provide ObamaCare health insurance to all full time employees for a year, the administration has delayed the mandate for medium size business for a second year. It has also relaxed the mandate for large businesses (they only have to cover 70% of their workers the next year).

All of this is lawlessness of course. The statute clearly says that the mandate is supposed to kick in this year. So why is President Obama taking the extra-constitutional step of letting employers temporarily off the hook? The reason is not hard to understand.

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