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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review June 10, 2013/ 2 Tammuz, 5773

Price of ObamaCare is going to shock president's young supporters

By Jack Kelly




http://www.JewishWorldReview.com | Confidence in President Barack Obama's stewardship of the economy has declined among young adults, according to polls conducted in late April.

With good reason. The national unemployment rate was 7.5 percent in April, down from 7.7 percent last November, but 11.1 percent for Americans aged 18 to 29.

The unemployment rate fell because more stopped looking for jobs. The labor force participation rate in April was the lowest since 1979.

The youth unemployment rate would have been 16.1 percent if discouraged workers were counted, said Evan Feinberg, president of Generation Opportunity.

Less than two thirds of the 7.7 million private sector jobs lost during the recession have been replaced -- mostly by jobs which aren't as good. About 60 percent of the jobs lost -- but only 27 percent of jobs added -- have been in mid-wage occupations, according to the Federal Reserve Bank of San Francisco.

Real (inflation adjusted) average hourly earnings for private sector workers were lower in April than when President Obama took office. Almost 20 percent of the jobs created were part-time. The average work week for employees on private nonfarm payrolls fell 12 minutes to 34.4 hours.

Small business owners let more people go last year than they hired. In a Gallup poll in January, 61 percent said worries about health care costs were one reason why.

"Since Obamacare regulations do not apply until a business has 50 or more employees, smaller businesses are not hiring the 50th employee or laying off to get to 49," according to Rep. Bill Cassidy, R-La, a physician.

Or replacing full time workers with part-timers.

"Retailers are cutting worker hours at a rate not seen in more than three decades -- a sudden shift that can only be explained by the onset of Obamacare's employer mandates," Investors Business Daily said May 3.

The Congressional Budget Office estimated a loss of 800,000 jobs over 10 years. The CBO estimate doesn't include the impact on employment of the additional taxes imposed by Obamacare, so job losses likely will exceed 1 million, according to Duke University Prof. Chris Conover, who teaches health policy.

Companies can reduce costs about 40 percent if they cancel their health insurance plans, because the fines Obamacare imposes for not providing health insurance are much less than what most spend for health insurance, estimates Lockton, a firm that advises mid-sized companies on health plans.

Fortune 100 companies could save nearly $500 billion by dumping their health plans, the House Ways & Means Committee estimated. About 30 percent of private sector firms are likely to drop their health insurance plans, estimated McKinsey & Co.

Employees dumped onto health care exchanges would have to pay 79 percent to 125 percent more, even after receiving federal subsidies, Lockton calculates. Most employer plans cover 80 percent or more of health costs, but subsidies will cover 70 percent or less for most who buy insurance from exchanges.

The CBO estimated the cost of Obamacare insurance subsidies for the years 2012-2021 at $1.4 trillion (although it also estimated that repealing Obamacare would increase the federal deficit by $210 billion over that period). But the CBO assumed few companies would drop their insurance plans -- ridiculous in view of the incentives to do just that. The actuary for Medicare and Medicaid estimates 14 million workers will lose their private health insurance. If so, costs could be 46 percent higher.

As unions learn they're likely to lose health insurance, they may experience buyers' remorse. "It would be ironic indeed if many of the private sector unions who supported Obamacare had actually signed their own death warrant," said Newsweek writer Megan McArdle. "But it seems this may be what has happened."

Chicago Mayor Rahm Emanuel plans to dump retired city workers onto exchanges. Other cash-strapped cities may follow suit. So government unions are in for nasty surprises, too.

Obamacare's burdens fall most heavily on healthy young people, who face average premium increases of 189 percent if they buy individual policies, 145 percent if they buy insurance as part of small groups, according to the Republican staff of the House Energy and Commerce Committee in a report titled "The Price of Obamacare's Broken Promises."

President Obama was re-elected in part because he won the votes of 18- to 29-year-olds by 60 percent to 36 percent. Young adults disproportionately are among those euphemistically described as "low information" voters. By January, far fewer will be "low information" about what Obamacare has in store for them. If I were a Democrat, that would keep me up nights.

Jack Kelly is a columnist for the Post-Gazette (jkelly@post-gazette.com, 412-263-1476).

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JWR contributor Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration.

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