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Federal Reserve survey: Obamacare is hurting the economy

sovereignman.com / by Simon Black on September 30, 2014

Earlier this month both the New York and Philadelphia Federal Reserves published the results of a survey they conducted asking business owners how the Affordable Care Act has changed how they operate.

Bear in mind, healthcare reform was sold on the basis that it would [...]

Final Q2 GDP Surges 4.6% Thanks To Profit Definition Change; Personal Consumption Weaker Than Expected

zerohedge.com / by Tyler Durden / 09/26/2014 09:08 -0400

The good news in the just released final Q2 GDP estimate soared by 4.6%, just as Wall Street expected, which was the biggest quarterly jump since 2011 Q4 2011, driven by gains in business spending, where mandatory forced Obamacare outlays led to a $17.5 [...]

Obamacare Website Costs Top $2 Billion, Almost Triple Government Estimates

zerohedge.com / by Tyler Durden on 09/25/2014 14:05

What’s the opposite of government efficiency? In a double-take-instigating headline, the federal government’s Obamacare enrollment system has cost about $2.1 billion so far, according to a Bloomberg Government analysis of contracts related to the project. BGOV’s analysis shows that costs for both healthcare.gov and [...]

Home Healthcare Cuts Threaten 500,000 Jobs and Put Female-Owned Businesses at Risk

news.goldseek.com / Dennis Miller / 23rd September 2014

That title wouldn’t make for much of a campaign slogan, and yet, it’s the natural outcome of one particular politician’s promise. As the editor of a retirement-focused newsletter, most of the notes I receive about the Affordable Health Care Act, or Obamacare, are first-person accounts of how [...]

How Third-Party Payers Drive Up Medical Costs

mises.org / by Willem G. Cornax / Monday, September 22, 2014

These days, a lot of people are worried about their rising healthcare costs. In the Netherlands, this had been one of the most important factors in introducing a collectivist and obligatory basic insurance policy in 2006. Only a few years [...]

How Secession Can Happen In The US

market-ticker.org / by Karl Denninger / 2014-09-19

No, this isn’t a novel. Sorry, the Ticker doesn’t do fiction, and especially not apocalyptic fiction.

I’m talking about reality here, in the wake of the failed Scottish vote.

Reuters reports:

(Reuters) – The failed Scottish vote to pull out from [...]

Escape Obamacare in One Bold Move

lfb.org / BY CHRIS CAMPBELL / SEP 19, 2014

In today’s episode, we feature a story from reader David F…

David wrote in last week.

His story crisscrosses so many themes we’ll cover in your episodes to come, we decided to publish it.

David’s story is also a perfect example of what happens when [...]

Obamacare Leaves Family “Shocked and Horrified” by Medical Expenses

thedailysheeple.com / Lily Dane / September 15th, 2014

The “Affordable Care Act” continues to prove that it is anything but affordable, as more and more families are struggling with rising premiums, deductibles, and co-pays.

Stories of lost coverage and outrageous expenses associated with Obamacare have been flooding the news for [...]

Average Workweek Back at Pre-Recession Levels: What About the Obamacare Effect?

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / September 09, 2014

A chart of hours worked shows the average work week has returned to pre-recession levels.

Average Work Week

Moreover, note that the number of part-time jobs has been relative steady in the recovery.

Employed Usually Working Part Time…

READ MORE

[...]

THERE GOES THE JOBS RECOVERY STORYLINE

theburningplatform.com / By Jim Quinn / Sept 5, 2014

The Wall Street jackoffs all expected an increase in jobs of 200,000 to 250,000 for August. I guess being off by 30% to 40% is considered accurate for an Ivy League educated economist making over $1 million per year. The manipulated, massaged, seasonally adjusted, excel [...]

CBO: Obamacare Discourages Work

zerohedge.com / by Kevin Hall, Townhall.com / 08/29/2014 12:20

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have some facts. A week ago we noted that the Philly Fed found that Obamacare was a disaster for business, and now no lessor entity than [...]

This is how you beat Obamacare

sovereignman.com / 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

thedailysheeple.com / 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

globaleconomicanalysis.blogspot.com / 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

mises.ca / 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

globaleconomicanalysis.blogspot.com / 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.

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[...]

Obamacare Is A Disaster For Businesses, Philly Fed Finds

zerohedge.com / 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

zerohedge.com / 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

zerohedge.com / 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

zerohedge.com / 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 [...]