1. Here's More Bad News for ObamaCare - via FortuneObamacare was supposed to save the American economy.
Back in 2009, when President Obama decided to push for healthcare reform in the midst of a financial crisis, he justified the decision by arguing that healthcare reform was economic reform, stating that the Affordable Care Act would “build a new foundation for lasting and sustained growth.”
One of the ways that healthcare reform was supposed to boost the economy was ending the phenomenon of “job lock,” whereby workers are scared of leaving a job for a potentially better opportunity out of fear of losing their health insurance. But according to a new study by the National Bureau of Economic Research, Obamacare isn’t actually solving that problem. Read more here...
2. Another Health Insurer Pulls Out of ObamaCare - via The Daily Caller News FoundationFour-year old insurance startup Oscar Insurance Corp. announced Tuesday it plans to pull out of two Obamacare marketplaces in the wake of massive losses largely attributed to Affordable Care Act plans.
The insurer is slated to leave markets in Dallas, an area they entered just this year, and New Jersey next year.
“The individual market isn’t working as intended and there are weaknesses in the way it’s been set up,” Chief Executive Officer Mario Schlosser told Bloomberg. “We want to focus on the markets we understand well, we want to focus on the markets where we have our own model in place. Read more here...
3. ObamaCare Leaves Many With Fewer Choices and Higher Prices - via ReasonRemember when Obamacare's health insurance exchanges were supposed to work like buying a TV on Amazon?
In September 2013, just a few days before the exchanges created under the Affordable Care Act were set to go live, President Obama gave a speech in Largo, Maryland, describing what using those exchanges would be like:
"It's a website where you can compare and purchase affordable health insurance plans, side-by-side, the same way you shop for a plane ticket on Kayak—same way you shop for a TV on Amazon," he said. "You just go on and you start looking, and here are all the options. It's buying insurance on the private market, but because now you're part of a big group plan—everybody in Maryland is all logging in and taking a look at the prices—you've got new choices. Now you've got new competition, because insurers want your business. And that means you will have cheaper prices." Read more here...
4. The Disaster In Louisiana Calls for a Measured Response From Congress - by Neil Siefring via The Daily CallerThe flooding in Louisiana has been nothing short of tragic. The loss of life, the people displaced, and the damages that have permanently altered the lives of the people of Louisiana in the “worst disaster since Sandy” requires a response from Congress that is measured and fiscally responsible.
There is talk on Capitol Hill of implementing supplemental spending for the disaster in Louisiana that may be included in a continuing resolution — a bill instructing the Treasury Department to keep funding the government at current fiscal year levels – which Congress will likely take up in September. Congress has failed once again to pass the 12 spending bills that fund the government and get them to the president’s desk for his signature before the end of the fiscal year on September 30. Therefore, lawmakers will have to pass a continuing resolution when it gets back in September in order to avoid a federal government shutdown. Read more here...
5. Public Support for Common Core Falls to Record Low - via BreitbartThe annual Education Next poll shows that public support for the Common Core State Standards has fallen to a record low.
According to the survey, support for the Common Core education plan dropped to 50 percent this year, down from 58 percent in 2015 and from 83 percent in 2013.
When political affiliation is a factor, Republican support for the plan plummeted from 82 percent in 2013 to 39 percent in 2016. Democrat support fell from 86 percent in 2013 to 60 percent in 2016. Read more here...
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