U.S. Supreme Court to review Obama’s healthcare overhaul
The U.S. Supreme Court has decided to perform a review of the healthcare overhaul by the Obama administration in order to determine if it is constitutional. This debate will no doubt be a topic that will help to decide the shape of the presidential election in 2012, and will help to determine how much power the federal government will have over healthcare and insurance. The Supreme Court justices have said…
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Paul Ryan feels tax credits are the road to universal health coverage
Paul Ryan (R., WI), the House Budget Committee Chairman, gave a significant speech at the Hoover Institution about health reform. At this Stanford University think tank, Ryan spoke about his own Medicare and Medicaid reform plan called “Path to Prosperity”. That said, he also took a moment to speak about the third health-care entitlement in the United States, which is a tax subsidy of $300 billion per year, which helps…
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COBRA loses federal subsidy, future of the program questioned
The end is nigh for one of the federal government’s most popular and well-used insurance plans. The Consolidated Omnibus Budget Reconciliation Act, more famously known as COBRA, will no longer be subsidized by the government beginning next week. The demise of the subsidy, which has provided insurance coverage to millions of unemployed citizens throughout the nation by lowering the cost of COBRA, has been met with little fanfare. After the…
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Report finds that 50 million people are uninsured and unable to receive coverage through COBRA
A new report from the Commonwealth Fund, a private foundation working to improve the performance of the nation’s health system, has found that 50 million Americans are without health insurance of any kind. The lack of coverage is linked to the economic recession of 2008, in which many businesses had to make cuts to staffing in order to stay afloat. As unemployment rose, so too did the rate of those…
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