Archive for the ‘ObamaCare’ Category
California Democrat Congressional Rep Barbara Lee Proposes a $26.00 Minimum Wage Hike
Saturday, May 3rd, 2014California Congressional Rep Barbara Lee, are we still on-track for them 8.8 Million new jobs by 2017??? On Friday I wrote here that according to the Dept of Labor–Bureau of Labor Statistics, Obamanomics liberated 806,000 from the workforce in April.
(Daily Caller) Rep Barbara Lee has expressed support for a $26.00 minimum wage for California–Is that sufficient? If $26.00 is good why not $50.00 or maybe $100.00 an hour would even better?
In 2012 CATO Institute discussed the ‘Negative Effects of Minimum Wage Laws’ making an excellent point:
While the (minimum wage) aim is to help workers, decades of economic research show that minimum wages usually end up harming workers and the broader economy–If the government requires that certain workers be paid higher wages, then businesses make adjustments to pay for the added costs, such as reducing hiring, cutting employee work hours, reducing benefits, charging higher prices.
Some policymakers may believe that companies simply absorb the costs of minimum wage increases through reduced profits but thats rarely the case. Instead businesses rationally respond to such mandates by cutting employment and making other decision to maintain their net earnings. These behavioral responses usually offset the positive labor market results that policymakers are hoping for.
China Offers Another Alternative…
The Future of Dining: No Minimum Wages, No ObamaCare,
No Sick Days, No Complaining…
Health Ins Premiums Showing Their Sharpest Increases in Prices Due to ObamaCare
Monday, April 14th, 2014The Politics of Ramming It Down Your Throat –Catholic Lisa@Twitter
(FOX News) A recent survey of 148 insurance brokers shows that health insurance premiums are seeing their sharpest price increase perhaps ever and are largely due to changes mandated by ObamaCare.
For the individual insurance market seeing the sharpest increases in prices:
- Delaware is up 100%
- New Hampshire 90%
- Indiana 54%
- California 53%
- Connecticut 45%
- Michigan 36%
For the small group market seeing the sharpest increases in prices:
- Washington 588%
- Pennsylvania 66%
- California 37%
- Indiana 34%
- Kentucky 30%
Flashback: Gone are the days when Obama claimed that health insurance premiums for a family would be $2,500 lower by the end of his first term, they were already actually about $3,000 higher according to The Wall Street Journal in January, 2013 a spread of $5,500 per family.
Another Obama broken promise.
More here from American Enterprise Institute
Related: Family Health Plan Premiums $15,745 Up $2400 Since 2009
Covered California Allegedly 3M Enrollments Are Quite Dismal When Putting Them Into Perspective
Monday, April 7th, 20147 Out of 10 Physicians in California Boycotting ObamaCare
(Market Watch) Covered California allegedly enrolled a combined total of 3 Million consumers of these:
- 500,000 Have Failed to Complete the Enrollment Process
- Covered California Allegedly Fully Enrolled 1.22 Million
- 1.9 Million Added to MediCal (Medicaid) Rolls
ObamaCare Will Bankrupt California –Image: K Garrison@Twitter
ObamaCare we were told was designed to insure the uninsured and not just reinsure the 6.2 Million+ Americans who previously had health insurance but whose policies were canceled because they didn’t meet the federal govt mandates for insurance coverage.
Covered California allegedly 3 Million enrollments are actually quite dismal when put into perspective.
Related: The Sinkhole of Health Insurance –Martine Ehrenclou