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Friday, June 27, 2014

Health Care

News                                                                                                                             
CNBC | An Obamacare bailout? Insurers already got one!
For ordinary consumers, the answer varies. A lot of Americans who never had insurance before have indeed been able to find health coverage AND health care, (they're two different things, after all).
CNN Money | Obamacare = opportunity for insurers
For insurers, Obamacare spells opportunity: They are flocking to sell more policies on more state exchanges for 2015.
WSJ | Federal Health-Exchange Plans to Automatically Renew
The Obama administration plans to automatically renew for next year the health plans and premium subsidies that consumers obtained through the Affordable Care Act's federal insurance exchange.

Econ Comments & Analysis                                                                                            
Mercatus | The ACA is the Problem, Not CBO
Lately there has been a flurry of articles and columns about how the Congressional Budget Office is no longer able to tell us whether the Affordable Care Act will reduce or worsen the federal budget deficit. Those interested in federal budget policy should understand an important truth underlying this coverage: the problem here lies not with CBO, it is with the ACA. While the ACA’s costs are proving real, several of its provisions designed to produce budget savings are not yet doing so.
CNBC | Obamacare Will Suck the Life Out of the Economy
The word "unexpectedly" for negative economic reports has become a much-mocked cliché in the media over the past five-plus years of recovery, but this week's final look at first-quarter economic growth deserves an exception. First estimated at a meager 0.1 percent annualized rate, and then downwardly revised to -1.0 percent in May, most economists expected a smaller revision to the downside – in the -1.5 percent-1.8 percent range.

Blogs                                                                                                                             
CATO | ObamaCare’s Exchanges Perform More than a Dozen Functions Besides Issuing Subsidies
One of the issues underlying Halbig v. Sebelius and three similar lawsuits making their way through federal courts is whether Congress intentionally restricted the Patient Protection and Affordable Care Act’s (PPACA) private health-insurance subsidies to individuals who buy coverage through state-established exchanges. If so, that would mean the Internal Revenue Service’s decision to issue subsidies in the 34 states that did not establish exchanges (i.e., that have federally established exchanges) is illegal. For more on the IRS’s attempt to rewrite the PPACA in this fashion, click here.