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Category Archives: Health Insurance

Obamacare Health Insurance Penalties To Sky Rocket

Obamacare health insurancePost Date January 19, 2014 – Obamacare Health Insurance analysts say 6 million Americans will face penalties in 2016 if they refuse to purchase Obamacare Health Insurance as President Barack Obama’s health care overhaul is being fixed.

Obamacare Health Insurance Penalties are also unaffordable

The number of scoff laws is estimated at almost 50 percent higher than the amount calculated by the Congressional Budget Office.  This is not good news for the Patient Protection and Affordable Care Act.  The OMB estimated around 4,000,000 Americans will not be able to afford Obamacare Health Insurance will be forced to pay the penalty. Most of these Americans belong to the middle class.  The penalty for not being able to afford to Obamacare Health Insurance will be $1,200. If you can’t afford to buy Obamacare Health Insurance, where does the government expect you to come up with $1200.00.

“The bad news and broken promises from Obamacare just keep piling up,” expressed Representative Dave Camp, a Republican from Michigan who chairs the House Ways and Means Committee, as he refer to the number of Americans that will possible have to pay tax penalties as they could not have the mandated health insurance. Camp wants to abolish Obama’s health care reform law.

All residents of the United States of America are mandated to to purchase Obamacare Health Insurance this year or face a penalty which will exceed $1000.00.  The Congressional Budget Office says the government will collect  nearly 7 billion dollars from tax penalties. The Obama administration stated for the last 6 years 98 percent of the American people shall not be affected by the tax penalty.  According to Health and Human Services, the tax penalty should only affect those citizens who can afford to buy health insurance but chooses not to. Most people whom don’t purchase health insurance can’t afford it.

In addition, the administration views it that most Americans shall not worry on the said mandate since most of them already have health coverage as provided by their employers and other government programs such as Medicare.

 

Obamacare Website Needs Some Help

Post Date December 20, 2013 – There is no other individual or organization that deserves the number one spot for worst abomination Award than HealthCare.Gov Obamacare website for the Affordable Care Act. I just don’t understand why the government continues to insist they can do anything better than the Private Sector can.  Going back to 1776… Continue Reading

Health Insurance Exchange – Obama Care – No Bargain

Post Date October 19, 2013 – It has been said that the Affordable Care Act popularly known as Obama Care will provide an affordable coverage through the health insurance exchange.  The health insurance exchange program will make health insurance premiums to increase to almost 50 percent more than what some are paying today.   Health… Continue Reading

New Jersey Insurance Agent Bribes Mayor

Post Date November 26, 2012 –  John Bencivengo, Mayor of Hamilton Township, New Jersey was convicted on November 22,  2012 in connection with nearly$13,000 in bribes that he solicited in exchange for his influence for a New Jersey Insurance Agent.  The bribe was in connection to the townships group health insurance contract  with the Hamilton… Continue Reading

Car Insurance Broker Defrauds Perth Amboy, NJ

Post Date July, 26 2012 –  A car insurance broker whom also marketed health insurance products from Baltimore, Maryland pleaded guilty recently to stealing more than $2 million from the Perth Amboy Board of Education and the City of Perth Amboy in New Jersey. Francis Gartland of Gartland and Co. along with his other two… Continue Reading

Who Approves New Jersey Health Insurance Rates

Post Date July 10, 2012 – Contrary to popular opinion, individual New Jersey Health Insurance Rates(IHIC)  in are decided solely by it’s NJ insurance companies. Of course is true for all auto insurance rates and homeowners insurance rates.  Its only the insurance company which knows how much it needs in premium to pay claims and stay… Continue Reading

Pennsylvania Health Insurance Carrier Names New CEO

Post Date July 1, 2012 –  Anyone whom follows my Blog read a few weeks ago read about the demise of a Health Insurance Carriers CEO over an extra marital affair with a fellow co-workers wife.  Highmark Inc., the largest health insurance company in Pennsylvania recently named Kenneth Melani’s successor as its new chief executive… Continue Reading

New Jersey Social Worker Confesses to Insurance Fraud

New Jersey Social Worker Confesses to Insurance Fraud

Post Date June 27, 2012 –  A New Jersey social worker will be facing a probation sentence after pleading guilty to committing third degree health insurance –related fraud.   State Attorney General Jeffrey Chiesa had announced recently that Rashmi Gupta, 39 years old, had pleaded guilty to the act of defrauding Medicaid by submitting unscrupulous time sheets… Continue Reading

PA Insurance Company Chief Faces Assault Charges

PA Insurance Company Chief Faces Assault Charges

Post Date June 14, 2012 – After figuring out the husband of an employee to whom he alleged to having an affair with his wife, the chief executive officer of an established insurance company in Pennsylvania is now facing charges of defiant trespass and simple assault.  The insurance CEO identified as Kenneth Melani, 58 years old,… Continue Reading

Pennsylvania University Researches Risk And Insurance

Pennsylvania University Researches Risk And Insurance

Post Date June 10, 2012 – In order to further promote and circulate research materials on risk and insurance, University of Pennsylvania’s Wharton School recently establishes the new Wharton/Penn Risk and Insurance Program (WPRIP).  According to a university press release, WPRIP will promote the interdisciplinary study on the theoretical, empirical, domestic and global topics on the… Continue Reading