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Brian R

My Way News - Report: Employers to see 2011 medical costs jump - 0 views

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    "INDIANAPOLIS (AP) - Companies that offer employee health insurance expect another steep jump in medical costs next year, and more will ask workers to share a bigger chunk of the expense, according to a new PricewaterhouseCoopers report. For the first time, most of the American workforce is expected to have health insurance deductibles of $400 or more, the consulting firm said in a report released to The Associated Press. Deductibles are the annual amount a patient pays out of pocket for care before insurance coverage starts. They are generally separate from co-payments and coinsurance. Two years ago, only 25 percent of companies participating in the annual survey said they asked employees to pay deductibles of $400 or more. That grew to 43 percent in 2010 and is expected to pass 50 percent next year. Employees who are asked to pay more through things like higher deductibles help keep cost growth in check because they use less health care. The health care reform law passed by Congress and then signed by President Obama in March has just started to unfold and will have little impact on costs next year, said Michael Thompson, a principal with PricewaterhouseCoopers. "In general, it's a continuation of a fairly high rate of medical inflation," he said."
Brian R

The gathering revolt against government spending | Washington Examiner - 0 views

  • Now the political scientists' maxim seems out of date. The Democrat who won the Pennsylvania 12th Congressional District special election opposed the Democrats' health care law and cap-and-trade bills. The Tea Party-loving Republican who won the Senate nomination in Kentucky jumped out to a big lead. The defeat of the three appropriators, who among them have served 76 years in Congress (and whose fathers served another 42), is the canary that stopped singing in the coal mine
    • Brian R
       
      Democrat victories were by those who oppossed Obamacare and the Cap and Trade bills.
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    "This month three members of Congress have been beaten in their bids for re-election -- a Republican senator from Utah, a Democratic congressman from West Virginia and a Republican-turned-Democrat senator from Pennsylvania. Their records and their curricula vitae are different. But they all have one thing in common: They are members of an Appropriations Committee."
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