Article by Patrick Howley
The Obama administration’s Department of Veterans Affairs VA expects to have more money for medical care than it can spend for the fifth fiscal year in a row, The Daily Caller has learned. Republican lawmakers and veteran groups are currently calling for the resignation of VA Secretary Eric Shinseki over secret waiting lists kept at the Phoenix VA Medical Center that led to preventable veteran deaths.
Despite liberal claims that VA needs more funding, based on a report from the labor union the American Federation of Government Employees AFGE that VA is underfunded, the scandal-plagued department actually has a surplus in medical-care funding. VA expects to carry over $450 million in medical-care funding from fiscal year 2014 to fiscal year 2015. VA received its full requested medical care appropriation of $54.6 billion this fiscal year, which is more than $10 billion more than it received four years ago.
This is part of an ongoing trend.
Read the Rest @ VA expects to have too much medical care funding this year
Article by Tyler Durden
The teleprompter is still hot from all the Obama spit unleashed in his latest sincerely passionate denial that his administration knew anything, anything at all, about what is merely the latest scandal to rock the president, this time surrounding the Veterans Affairs fiasco, and already a brand new scandal is taking shape, this one Obama however will not be able to sweep as easily under the rug. The LA Times reports that the “Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money.” In other words, yet another taxpayer funded bailout.
Read the Rest @ The Next Obamacare Scandal: A Taxpayer-Funded Bailout Of Insurers
Check out the mainstream news media story below that tries its best to defend the fact that the Affordable Care Act has recently been adjusted to provide more money for insurance companies that lose money as a result of the Affordable Care Act…
Critics call Obama funding plan for health insurer losses a ‘bailout’
by Noam Levey for the LA TIMES
The Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money.
The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall’s congressional elections.
Administration officials for months have denied charges by opponents that they plan a “bailout” for insurance companies providing coverage under the healthcare law.
They continue to argue that most insurers shouldn’t need to substantially increase premiums because safeguards in the healthcare law will protect them over the next several years.
But the change in regulations essentially provides insurers with another backup: If they keep rate increases modest over the next couple of years but lose money, the administration will tap federal funds as needed to cover shortfalls.
article by Edward Morrissey
What does it take to get fired from a job in the Barack Obama administration?
Only in this White House could a Cabinet Secretary get not just one but two public presidential statements of confidence as internal documents emerge showing that an agency knew about fraud, and left the problem to such an extent that people died while waiting for medical care.
This administration has long had trouble holding itself accountable for its failures, perhaps especially for the more spectacular disasters. When Health and Human Services spent $400 million and took three years to build a web portal for the Affordable Care Act – a technological feat that insurers have managed to accomplish a decade or more ago with far fewer resources – HHS under the direction of Secretary Kathleen Sebelius delivered a bug-ridden flop that still doesn’t meet its original specifications.
This whole Benghazi story has become way too much for me to cover lately. No matter what developments occur, the story is the same, news surfaces then immediately the mainstream news media and liberals do whatever it takes to divert attention and COVERUP the COVERUP. Below is a recent example from today, I wonder if Alan Grayson (D) missed the MSNBC clip above….
Business Insider story by Brett LoGiurato
Rep. Alan Grayson, a Democrat from Florida, has a plan to become Republicans’ “worst nightmare” if he is indeed appointed by House Speaker Nancy Pelosi to the select committee investigating the 2012 terrorist attack in Benghazi, Libya. Pelosi has not yet decided whether Democrats will participate in the panel. However, in an interview with Business Insider, Grayson gave a preview of what he’d do if he gets the job.
Grayson said the creation of the select committee dedicated to investigating Benghazi proves House Oversight Committee Chair Darrell Issa’s probe of the incident is a “failure.” He compared Republicans still focusing on Benghazi to so-called birthers who questioned President Barack Obama’s citizenship. “It’s ridiculous. They just dredge up one fake scandal after another fake scandal, going all the way back to the president’s birth certificate,” Grayson said.
Read the Rest @ ALAN GRAYSON: Here’s How I Plan To Make The Benghazi Investigation A ‘Nightmare’ For Republicans
article below by Mac Slavo
Mainstream financial pundits are falling over themselves today following a report from the Labor Department indicating that the national unemployment rate has fallen yet again, this time to just 6.3%.
The Associated Press, whose report on the new rate is being distributed to news services around the country, says this is “the strongest evidence to date that the economy is picking up.” They cite numerous economic experts, claiming that the U.S. economy is now experiencing vigorous job growth, which they say is confirmation that the economic health of our nation is bouncing back from a rough winter. In fact, they mention bad “weather” and “winter” eight times in a single article just to make sure we understand that the problems we’ve seen over the last few months were seasonal.
But, as is generally the case with mainstream assessments and government statistics as of late, the devil’s in the details….
“The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor force shrank by more the 800,000 in April.
The participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since March 1978, from 63.2 percent a month earlier.”
Read the Rest @ It’s An Illusion: Here Are the REAL Unemployment Numbers
Related Article @ As America Recovers The Jobs Lost During The Depression, Here Is What Sticks Out
Related Article @ Workers Younger Than 55 Lost 259K Jobs In April
Every single bit of this was predicted by critics who tried to warn you of it and were dismissed and demonized by the shameless mainstream news media.
– Mr Blacksheep
story below By Rick Newman
Get ready for a trip back to the 1950s.
Back then, fast-growing companies were in the habit of offering health insurance as a fringe benefit to help recruit workers, a practice that got started during World War II to reward loyal employees when wage controls were in place. It helped that the government had passed a few tax breaks making it affordable for corporations. So it was basically by accident that employer-provided health insurance became the norm in the United States, even though the government came to oversee healthcare in most other developed nations.
We may soon go back to a model in which employers provide healthcare more as a perk than as a routine benefit, requiring workers to get insurance from other sources. That could save big companies up to $700 billion by 2025, according to a new report from S&P Capital IQ. It’s hard to think of any other single change that could save companies that much money, indicating how powerful the Affordable Care Act (ACA) could become once it has fully impacted the U.S. healthcare system.
S&P predicts that companies will do the math and find it irresistible to move more and more of their workers off company-run plans and into the exchanges established under Obamacare, as the ACA is known. Companies with more than 50 workers will have to pay a penalty if they don’t offer insurance, but it could still be cheaper when factoring in the savings on healthcare; that’s because insurance costs have skyrocketed during the last 20 years, making healthcare one of the costs companies find most difficult to control.
via Thanks to Obamacare, more companies are likely to dump health benefits | The Exchange – Yahoo Finance.