Another example proving without a shadow of a doubt Sen Ted Cruz was right!
More lies exposed as the truth comes out from a CMS (Centers for Medicare & Medicaid Services) report released friday about barackobamacare. As usual the regime likes to do document dumps before the weekend hoping the crap media will continue not to do their job and report the news!
Obama lies 24/7 and still our so-called leaders in Congress remain silent taking no action to put a stop to this law that will destroy what is left of the US economy. Any of you attending town hall meetings or whatever reps and senators want to call them the first thing they should be addressing is what they will do to put an end to this.
We have no representation in Congress, our courts are corrupt, the president is insanely drunk with power and our military, the people’s last line of defense against tyranny, those we trust more than POTUS remain SILENT and obedient to those who use and abuse them…. WHY!?
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Rising Premiums May Hit Small Firms
by Jennifer Corbett Dooren | WSJ
A federal actuarial report predicts that 65% of small businesses will see their health-insurance premiums increase under part of the Affordable Care Act.
The report, from the Centers for Medicare and Medicaid Services Office of the Actuary, is the latest piece of bad news for the president’s signature domestic achievement. While the law was designed to curb rising health costs, some consumers have seen their premiums or other out-of-pocket costs increase this year, or had their plans canceled altogether.
The report analyzed employers with 50 or fewer full-time employees that buy outside insurance policies for workers, a group it estimated at 17 million people in 2012. It focused on a piece of the 2010 law that prevents insurance companies from pricing policies based on customers’ health status.
Before this year, insurance companies could charge higher prices if an employer had older, sicker workers. Now, under the Affordable Care Act, insurance companies can’t price on health status and are limited by the amount they can price by age.
The report concluded that about 65% of small businesses, or plans covering 11 million people, would see an increase in insurance premiums under these so-called community-rating provisions of the health law. About 35% of employers would see a decrease for plans covering six million people. These employers aren’t required to pay a penalty under the federal health law if they don’t insure workers.
The report didn’t estimate by how much premiums would increase or decrease for the groups. It also didn’t take into account other parts of the health law that impact the cost of plans, such as tax credits that small businesses are eligible for if they offer insurance.