Macy's Cancels Obamacare Balloon in Tomorrow's Parade-Obamacare Won't Float

[Wehrwolfen]

NEWSBUSTED:
Those watching the famous Macy's Day Parade at the White House tomorrow will be a bit disappointed. The Department and Human Services created a "fun" balloon to help sell the President's failing signature program to the public. Newsbusted Anchor Jodie Miller has brought us the very sad news from New York, the balloon will not be showing up in tomorrow's parade. According to the report the Obamacare balloon is acting like much of the rest of the program...it won't float.

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Read more:
"The Lid": NEWSBUSTED: Macy's Cancels Obamacare Balloon in Tomorrow's Parade-Obamacare Won't Float

Yeah, The ObamaCare ballon floats like a lead baloon in a hurricane. LOL

 

[waltky]

Granny says, "Dat's right, dat's what Obamacare amounts to - a bailout for the health industry...

Krauthammer: 'Huge Gov't Bailout' of Health Insurance Industry at End of 2014
December 23, 2013 - President Obama, by issuing new rules that erode Obamacare's "financial structure," is putting the health insurance industry -- and taxpayers -- at risk, author and conservative political analyst Charles Krauthammer said on Sunday.

"The insurers understand that they're going to be completely ruined," Krauthammer said on "Fox News Sunday" with Chris Wallace. "And what's going to happen as a result of this? There's only one way out, a huge government bailout of the insurers is waiting at the end of next year." That's the issue Republicans should be focusing on right now, Krauthammer said. On Thursday, the Obama administration unilaterally delayed another provision of the law, saying there will be no tax penalty for people who had their existing health insurance canceled because of the Affordable Care Act and who did not find new coverage as required by law. "There still may be a small number of consumers who are not able to renew their existing plans and are having difficulty finding an acceptable replacement," Health and Human Service Secretary Kathleen Sebelius wrote to Senate Democrats. "These consumers should qualify for this temporary hardship exemption," the Associated Press quoted her as saying.

Krauthammer on Sunday said insurers "are apoplectic" about all the rule changes because it exempts another important group from the exchanges. "And these are people who were probably healthier, and the younger ones, who are going to be outside of the exchanges. Which means that the cost to insurers of people left in the exchanges is going to be exorbitant." By exempting people who had their existing insurance policies canceled, "there is no way you can fine people who didn't have insurance in the past," Krauthammer continued. "So, you're going to have an abolition of the individual mandate. You've already postponed, abolished the employer mandate. The insurers understand that they're going to be completely ruined."

A government bailout is the only thing that can save Obamacare, and Krauthammer said the bailout "ought to be stopped before it happens. It ought to be -- Congress ought to say no bailout, particularly because this is not a natural disaster, it's a man-made disaster." The Heritage Foundation -- and Sen. Marco Rubio (R-Fla.) -- are among those who also have warned about Obamacare's risk to taxpayers. Writing in The Wall Street Journal in November, Rubio noted that under the Affordable Care Act, "risk corridors were established for the law’s first three years as a safety-net for insurers who experience financial losses. While risk corridors can protect taxpayers when they are budget-neutral, ObamaCare’s risk corridors are designed in such an open-ended manner that the president’s action now exposes taxpayers to a bailout of the health-insurance industry if and when the law fails."

At his news conference on Friday, President Obama said the rule change announced on Thursday "is essentially an additional net in case folks might have slipped through the cracks." Obama, in response to a question, said "absolutely," the individual mandate will be enforced. That means most, but not all, people will be fined for not purchasing insurance that meets standards set by administration bureaucrats.

Krauthammer: 'Huge Gov't Bailout' of Health Insurance Industry at End of 2014 | CNS News

See also:

Studies: Americans Sicker than Citizens of Other Developed Countries
December 20, 2013 WASHINGTON — Americans have the most expensive health care system in the world, although they don't have the most efficient one. Additionally, they don't get the most for their money. That's the assessment of two recent studies of health care in the U.S. Now, researchers paying more attention to where the money goes and what changes can be made to improve health care.

U.S. health care costs have doubled in the last 30 years, but Americans are not necessarily healthier than they were in the 1980's. Hamilton Moses analyzed the changes and trends and published his findings in the Journal of the American Medical Association. “All of our information comes from publicly available sources. That’s a very important point. This is freely available information, although the challenge was to compile it in a way that was interpretable,” said Moses. The researchers found Americans spent between $2.5 trillion and $3 trillion dollars on health care in 2011, more than any other developed country. The report highlights two major factors that are driving up costs.

The first is that the price of medical and administrative services has gone up, along with the cost of drugs, procedures and devices. Moses says Americans' love of technology is part of the problem. "The U.S. has a technology bias. We have a technology preference. We look to technology for the solution of all problems,” explained Moses.

The second factor is simple to identify, but more complex to address. Poor lifestyle habits, such smoking and over-eating, have resulted in epidemic levels of obesity and diabetes as well as heart disease, joint pain and lung diseases. Managing chronic disease is expensive. “We have not invested heavily in chronic care management or for that matter in health care service innovation nearly to the degree that we have in medical technology,” said Moses.

Many of these diseases can be prevented though exercise, diet and maintaining a healthy weight, yet in the U.S. prevention has not historically been part of medical care. Consulting with a nutritionist, either by phone or in person, or participating in wellness activities can be expensive, and those services are not normally covered by health insurance. “The overall amount of spending that occurs with people who have chronic illness is about 85 percent of the total,” said Moses.

Moses' research shows that those who spend the most on chronic disease are not elderly, and that their investment in care does not guarantee a long life. Meanwhile, a new report from the Organization of Economic Cooperation and Development shows that the U.S. spends between 250% to 300% of what other member nations spend. Despite that, the United States trails other developed countries in life expectancy, coming in at 26th place out of the 36 members of the organization.

http://www.voanews.com/content/stud...tizens-other-developed-countries/1814245.html