Rick Young Insurance’s Blog

$4.8 Billion Spent on Exchanges

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The federal government has spent $4.8 billion on federal and state health care exchanges, reports the Washington Free Beacon. A new report from the Congressional Research Service highlights government spending on the new Obamacare exchanges. The Affordable Care Act provided for “indefinite” funding of the exchanges, under the direction of the Secretary of Health and … More

Obamacare Verification Muddling Medicaid

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The Obama administration has hailed increased Medicaid enrollment as one of Obamacare’s successes, but many state officials say the numbers are faulty, write Josh Archambault, Director of Health Care Policy at the Pioneer Institute, and Nic Horton, research analyst at the Foundation for Government Accountability. Of the 6 million new enrollees in Medicaid, it is … More

Obamacare Increases Marginal Tax Rate on Labor by Six Percentage Points

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The Affordable Care Act (ACA) increases marginal tax rates on labor by 6 percent, making it one of the largest tax increases of the past seven decades, explains Andrew Lundeen of the Tax Foundation. Economist Casey Mulligan writes that the ACA represents the largest tax increase in a single piece of legislation. Mulligan is talking … More

Injecting Competition into Health Care

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Lowering health care costs and achieving better quality is possible by promoting real competition among providers and insurers, says Paul Howard, senior fellow at the Manhattan institute. Obamacare exchange networks are largely based, not on quality, but on hospitals and doctors’ willingness to accept lower reimbursements. As growing numbers of patients become dissatisfied with their … More

Should We Get Rid of Employer-Based Insurance?

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Michael Tanner, senior fellow at the Cato Institute, argues that the United States needs to do away with the employer-provided health insurance model. Why are employers involved in health insurance in the first place? President Franklin Roosevelt imposed wage controls during World War II, which meant that employers could not compete with one another by … More

Government Can’t Resolve Obamacare Inconsistencies

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Recent reports have identified millions of “inconsistencies” regarding citizenship and residency status of those who enrolled in Obamacare. But according to the Washington Free Beacon, the government was able to resolve less than 1 percent of those irregularities, leaving almost 3 million unresolved. According to the Office of the Inspector General (OIG) within the Health … More

It’s Not Possible to Analyze Obamacare Costs

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Americans may never get an accurate projection of Obamacare’s impact on the deficit, reports the Washington Examiner. Before it become law, the Congressional Budget Office (CBO) projected that Obamacare would cost $938 billion and reduce the deficit by $143 billion over the first decade, from 2010 through 2019. At that time, the figures were already … More

ACA Subsidies: More Expensive than Projected?

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A new government report indicates that the Affordable Care Act may cost considerably more than was projected, reports the Daily Caller. Eighty-seven percent of Americans purchasing health coverage on the exchanges received subsidies from the government to offset the cost of their premiums.   According to the Department of Health and Human Services, federal assistance … More

ACA Predictions Borne Out

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Pundits and analysts made a number of predictions about the Affordable Care Act when it was enacted. Charles Blahous, senior research fellow at the Mercatus Center, describes five of his own. Prediction: States will make a variety of decisions when it comes to expanding Medicaid.   ACA advocates said that all 50 states would opt … More