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This is how you beat Obamacare / by Simon Black on August 27, 2014

August 27, 2014 Bangkok, Thailand

I’m still a little bit stunned by what just happened.

30 minutes and $73 later, I just walked out of what was -technically- a hospital, but was much closer to an upscale business lounge [...]

Federal Reserve Branch Bank Concludes Obamacare a Disaster for Businesses / Secrets of the Fed / August 24th, 2014

Each month, branch banks for the Federal Reserve send out questionnaires and surveys to businesses as a way to test the climate of the economy. In the month of August, the Philadelphia branch asked businesses what the full extend and effect so far [...]

40% of U.S. on Welfare; Obamacare Expands Welfare by 23 Million; More on Welfare Than Full-Time-Employed / Mike “Mish” Shedlock / Saturday, August 23, 2014 3:54 PM

As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of the population in 2012 to about 40% in 2014.

Let’s go through the math to see how I make that estimate.

The latest [...]

CBO Keeps Reducing Its Estimate of ObamaCare Benefits / Robert P. Murphy / Sunday, August 24th, 2014

I’ve been following the wonkish analysis of the Affordable Care Act–abbreviated as the ACA or often referred to as “ObamaCare”–from the beginning. I’ve noticed that even though most Americans think it grants “universal coverage” the same way that anybody can walk into a [...]

Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of Pocket Maximum, 15% Decrease Employment / Mike “Mish” Shedlock / August 21, 2014

A special question on the impact of Obamacare on businesses in the August Philly Fed Manufacturing Survey shows the stunning failure of Obamacare.Here are the results in table form. I added the net results in red.



Obamacare Is A Disaster For Businesses, Philly Fed Finds / by Tyler Durden / 08/21/2014 10:35

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof.

As the Philly Fed, which mysteriously soared at the headline level even as the vast majority of its components tumbled, reported moments [...]

Wal-Mart Cuts Guidance Again, Blames Obamacare / by Tyler Durden / 08/14/2014 07:35 -0400

Remember this chart from November, when everyone was predicting a surge in global GDP and “escape velocity” growth for the US economy on the latest burst of irrational hopium that central-planning works (it doesn’t)?

Well, yeah….

Also, it just got worse. [...]

Saxo Bank Warns There Are 3 ‘Other’ Geopolitical Risks Investors Are Ignoring / by Tyler Durden on 08/13/2014 13:31

From Ukraine to Gaza, geopolitical risks are weighing heavily on investors’ minds. But there are plent y more out there that may not be getting headlines.

US mid-term elections

Risk: Republican victory in the Senate and House results in lame duck presidency, [...]

Former Obamacare Boss Admits She Deleted Emails Sought By Congress / by Tyler Durden on 08/08/2014 15:42

On the bright side, Marilyn Tavenner – appointed by President Obama to take over CMS within the Department of Health and human Services in 2013 – did not suffer a hard-drive crash. However, as MSNBC reports, she may be unable to cooperate with House Oversight and Government [...]

If You Like Your Exemption, Keep It: 90% Of Uninsured Won’t Pay Obamacare Penalties / by Tyler Durden on 08/07/2014 15:55

No insurance, no penalty appears to be Obamacare’s new meme as The Wall Street Journal reports almost 90% of the nation’s 30 million uninsured won’t pay a penalty in 2016 because of a growing batch of exemptions to the health-coverage requirement. In the interests of socialism, the [...]

‘Shocker’ — Doctors Rejecting Obamacare Patients / By Tad Cronn, Joe For America / August 6th, 2014

Saying “told you so” isn’t nearly as fun as it should be when it’s regarding a mess that should have easily been avoided.

But thanks to blockhead dogmatists on the Left, the entire country’s been inflicted with [...]

A Monument to Government Waste / Pater Tenebrarum / August 4, 2014

The “” Boondoggle Keeps Getting Worse

It seems “” is very likely the most expensive web site ever designed – and it is still not working. The cost for setting up the site is fast approaching the princely sum of $ 1 billion (current estimate: [...]

Florida Obamacare Blues / Mike “Mish” Shedlock / Sunday, August 03, 2014 1:52 AM

Florida has the aging healthcare Obamacare blues as older citizens who previously had no healthcare insurance demand more services than ever before after enrolling

As a result, Florida’s largest health insurer, Florida Blue, is raising exchange rates an average of 17.6 [...]

The Federal Government Has Left America Defenseless Against Ebola / by Dave Hodges / August 1, 2014

Emory Hospital in Atlanta to Receive Ebola Patient

Atlanta’s CBS46 News is reporting that “within days” an Ebola patient will soon be transferred to Emory Hospital in Atlanta. No details were provided except to say that the patient is an American and a health [...]

Plan To Sue Obama Approved By House of Representatives: Impeachment to Follow? / By Chris Carrington / July 31st, 2014

The House of Representatives has approved a Republican based plan to sue Barack Obama. The election-season lawsuit is based on the contention that Obama exceeded his constitutional powers in the enforcement of Obamacare, The Affordable Care Act.

Democrats are calling the move [...]

Thank You Obamacare – California Health Insurance Costs Spike Up To 88% In 2014 / by Tyler Durden on 07/30/2014 19:46

If you like your disposable income… forget it. Health-care insurance premiums for individuals in California rose between 22% and 88% in 2014 from last year, even after the federal health-care overhaul. This has led, as Bloomberg reports, to Proposition 45 – a bill that would [...]

Oops: Obamacare Architect in 2012 – “States Without Exchanges Won’t Get Tax Credits” / Lily Dane / July 25th, 2014

Obamacare has been in and out of courtrooms since it’s inception, but two recent cases are especially significant because they deal with the tax credits, or “subsidies” given under the law.

Those subsidies – with the federal government paying up to 100% [...]

ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare / Michael Krieger / 25, 2014

Although it hasn’t been a focus for a while, the incompetent disaster that has been the ObamaCare rollout has been well documented on this site. Here are just a few posts on the subject:

The Obama Administration is Forcing Insurance Companies to Keep Quiet [...]

Law = Just Opinion – Obamacare is Illegal As Applied / By Martin Armstrong / July 24, 2014

When a court issues a ruling it is actually called its “opinion”. In religious circles, many of the Protestants revolted against the Catholic Church because they did not like the fact that if the Pope decreed something, it was considered to be infallible – [...]

Is Obamacare Finished? Federal Court Says NO to Subsidies in 36 States / Lily Dane / July 22nd, 2014

A federal appeals court dealt a major blow to Obamacare today, ruling against the legality of some subsidies issued to people through the Affordable Care Act exchanges.

The ruling involves the states that did not set up their own marketplaces. The language in [...]

In Potentially “Lethal Blow” For Obamacare, US Appeals Court Finds Insurance Subsidies Invalid In Most States / by Tyler Durden / 07/22/2014 10:50

It may be back to square 1 for Obamacare.

Moments ago, in what NBC classified as a “potentially lethal blow to Obamacare” a federal appeals court has ruled that the federal government may not subsidize health insurance plans bought by people in [...]

White House ‘Quietly’ Exempts 4.5 Million People In 5 “Territories” From Obamacare / by Tyler Durden on 07/20/2014 21:52

It has been quite a week for geopolitics: first the BRICs openly defied the legacy developed world system with the formation of a BRIC bank and the creation of a $100 billion currency reserve, promptly followed by the latest and most severe round of US [...]

1.3 million Obamacare ‘enrollees’ may not even be American citizens, admits HHS report / by: Ethan A. Huff / July 14, 2014

Trouble is brewing in Washington as those who still consider legitimate the national healthcare takeover known as Obamacare try to figure out which enrollees are even eligible for coverage. A new report issued by the Office of the Inspector General (OIG) admits that nearly [...]

You Want a Solution? Try Not to Get Hurt When It Collapses, Then Start Over / CHARLES HUGH SMITH / SUNDAY, JULY 13, 2014

Once the deadwood piles high enough, the random lightning strike ignites a fire so fast-moving and so hot that it cannot be suppressed, and the entire financial system burns to the ground. In discussing our broken healthcare system with a 22-year college graduate, I [...]

Obamacare May Seriously Impact 2016 / by Martin Armstrong / July 11, 2014

The real stupidity about the Democrats is their ignorance of just how screwed up Obamacare really is. Next year, the real cost impact will start to exploded and the issue is not how many people they get to sign up, but how much the cost [...]

No Q3 GDP Boost: Hurricane Arthur Weakens To Category 1, Moves Away From East Coast / by Tyler Durden / 07/04/2014 09:51

Anyone hoping for a resolution of the biggest economic conundrum of modern times will have to wait. What is the conundrum you ask? Simple: whether or not extreme adverse weather is positive or negative for GDP.

Recall that in the aftermath of Hurricane [...]

Workers Handed Victory Over Unions: Supreme Court Rules Government Cannot Force-Unionize Workers Into State Entitlement Programs / Mike “Mish” Shedlock / Thursday, July 03, 2014 1:15 AM

In contrast to the highly ballyhooed but Much Ado About Nothing Supreme Court ruling on Obamacare, the court issued a far more meaningful ruling on forced unionization on the same day.

Paul Kersey at the Illinois Policy Institute explains by [...]

Much Ado About Nothing / By Mike “Mish” Shedlock / July 2, 2014

Republicans and Democrats alike trumped up the meaning of Monday’s 5-4 Supreme Court ruling “closely held companies cannot be compelled to offer their employees birth control as part of the law if they object to the provisions on religious grounds“.

Republicans acted as if this [...]

ObamaCare’s Winners: 3.4 Million, Not 26 Million /via / June 30, 2014

This comes from the Daily Signal.

The runaround continues at the White House.

In April, President Obama told the nation that “marketplace” or “exchange” enrollment, at 8 million customers as of March 31, had exceeded expectations and costs were lower than expected.

Many in the news media [...]

U.S. top court rules for companies on birth control mandate

Pro-choice demonstrators rally outside the U.S. Supreme Court in Washington June 30, 2014. CREDIT: REUTERS/JONATHAN ERNST / BY LAWRENCE HURLEY / Jun 30, 2014 1:22pm EDT

The U.S. Supreme Court on Monday ruled that business owners can object on religious grounds to a provision of President Barack Obama’s healthcare law that requires closely [...]