November 22, 2012
As congressional leaders and President Barack Obama search for common ground to tame the national debt as the weeks dwindle down to end of the year, House Speaker John Boehner said the Affordable Care Act, often referred to as Obamacare, must be included in deficit negotiations.
“We can’t afford it, and we can’t afford to leave it intact,” Boehner wrote of Obama’s signature healthcare initiative in the Cincinnati Enquirer. “That’s why I’ve been clear that the law has to stay on the table as both parties discuss ways to solve our nation’s massive debt challenge.”
via Boehner: Obamacare on table for ‘fiscal cliff’ talks | Politics – Home.
November 21, 2012
While types of devices affected by the tax include pacemakers and stents, it also can include surgical gloves or wheelchairs, which could mean complications for long-term care providers purchasing those items. It also could cause some companies making devices for the post-acute and acute sectors to slow down on their innovation, believes John McLean, the vice president and co-leader of the Life Sciences Practice at the executive search firm Witt/Kieffer.
via Medical device tax could crimp long-term care supplies, hike cost, dampen innovation, expert says – McKnight’s Long Term Care News.
November 20, 2012
The Obama administration issued new rules Tuesday that require insurance companies to cover people with preexisting medical conditions — one of the most popular provisions of President Obama’s healthcare law.
via HHS releases rules requiring pre-existing conditions coverage – The Hill’s Healthwatch.
November 20, 2012
Undoubtedly, the campaign knew that Obamacare is, as it always has been, deeply unpopular with the American people. In fact, Obamacare epitomizes the public’s greatest concerns about this administration: the massive expansion of government and failure to deliver a new era of post-partisanship to Washington, since the law was jammed through using a party line vote and every available legislative trick. Bringing up health care risked stirring the passions that fueled the tea party’s rise and the Democrats’ defeat in 2010.
via Opinion: President Obama won, but Obamacare didnt – Carrie Lukas – POLITICO.com.
November 19, 2012
This study reviews the economic models used to understand minimum wage laws and examines the empirical evidence. It describes why most of the academic evidence points to negative effects from minimum wages, and discusses why some studies may produce seemingly positive results.
via The Negative Effects of Minimum Wage Laws | Mark Wilson | Cato Institute: Policy Analysis.
November 17, 2012
Medical supply giant Stryker is the latest company to announce job cuts in anticipation of coming costs associated with ObamaCare, even though the man who inherited a fortune from the companys founder is a fan.The company will cut 1,170 jobs, or five percent of its worldwide workforce, despite the fact that the founders grandson was one of the largest contributors to President Obama’s re-election campaign. Medical tech scion Jon Stryker, whose net worth is currently estimated at $1.2 billion, contributed $2 million to the Priorities USA Action super PAC and has given $66,000 in contributions to Obama and the Democratic Party. Stryker does not run the company.A “medical device excise tax” included in the mandate imposes a 2.3 percent levy on medical device manufacturers and suppliers, which critics say will raise prices on everything from pacemakers to prosthetics to stents. Companies will be required to pay the tax regardless if they have a profit or loss for the year. The tax is estimated to cost the medical device industry $20 billion.
via Medical giant Stryker cuts 1,170 jobs, citing ObamaCare | Fox News.