Accurate information on Obamacare; Kum & Go [Gazette, The (CO)] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
August 30, 2013 Newswires
Share
Share
Post
Email

Accurate information on Obamacare; Kum & Go [Gazette, The (CO)]

Letters
By Letters
Proquest LLC

Time people get accurate information

There has been much effort devoted to touting the benefits of the president's controversial health care reforms. While the president boasts the law will cover 25 million uninsured and guarantee coverage for pre-existing conditions, the plain unattractive truth is the law will increase costs for many who are insured. The law dictates a broad expansion of required benefits, many of which are not in the coverage many people choose today. The law also prohibits higher deductible plans, which have helped families keep premiums in check. When you hear you will have new benefits, dig deeper and you will learn that many of these benefits are unnecessary and drive additional premium costs.

Additionally, the law forces additional taxes on health insurance. The Congressional Budget Office estimates the Health Insurance Tax, which is part of the funding mechanism for Obamacare, will exceed $102 billion by 2022. This tax will be passed along to individuals and families in the form of higher premiums. The Joint Committee on Taxation estimates this tax alone will add $350 to $400 annually to family premiums in 2016.

It is time people are given accurate information on why there health insurance rates are going up and what is driving what will undoubtedly be sticker shock on the new price tag for many individuals and families in Colorado.

When you add it all up - the new coverage, new benefits, new rules and new taxes - you add substantial new costs to health insurance. As a result, millions of Americans will have coverage that is more costly than they have today.

Rep. Bob Gardner, Colorado Springs

-

It is up to the employee

Recently, it was reported that household incomes have dropped 4.4 percent since the end of the recession. It was also reported that first time jobless claims rising again, which means that the true unemployment rate (actively looking, and not actively looking) is in the midteens. For these people it would seem that the recession has not ended. After all, it has been said that an individual doesn't feel they are in a recession unless it affects them. For far too many citizens, that is reality.

A recent opinion piece stated that the reason the welfare system is causing people not to look for work is because employers refuse to pay their workers a livable wage and the fault was greedy employers. How is an employer being greedy when the job pool is ever increasing and the law of supply and demand dictates that the employer can pay a person less than someone else for doing the same job? Once an employee is hired, it is up to them to perform well do on the job or not do well. It is up to the employee, not the employer. The employer will recognize that they have a good employee and reward them rather than risking the loss of a good employee.

It is true that productivity in recent years has increased while wages have stagnated or even dropped when inflation is considered. But that is the fault of policymakers in Washington, D.C., that tie the hands of employers and thus put potential employees in a bind. The "greedy employers" have a lot more to pay for in terms of running a business than just trying to pay an employee so they can make a "livable wage".

Thank goodness most workers are just happy to have a job and do seek any job they can get, part time or full time, rather than sit around and complain about how "greedy" employers are.

Thomas Hill, Colorado Springs

-

Beware what you wish for

Beware, west-siders. You may get what you wish for -the killing by City Council of the Kum & Go investment and transformation of the large, useless, Goodwill Property on West Colorado Avenue into productive business use.

I am frankly in full support of Kum &Go's proposed project. My reasons are many, besides Goodwill's right and need to sell its building for its worthy projects.

If the Kum &Go proposal is denied just because a lot of banner- waving protesters don't like the idea of a gas station and convenience store in place of a largely empty building within which big Goodwill trucks come and go, I have yet to hear of a viable alternative use, much less by a large investor. The worst outcome would be Goodwill effectively abandoning it to the elements and its homeless-attracting alley, for years. Many west-siders agree with me.

After Goodwill Industries attempted for years - in good faith - to market that property to developers across Colorado with no success, the only serious applicant which has put their private money where their mouth is has been K&G. By my book, they are a class act as well as a successful business.

Secondly K&G promises and in other projects in Colorado, has listened to 'the community's views' on design changes to make their stores fit better into surrounding neighborhoods. It even made its station fit into Historic Idaho Springs, displaying its mining history.

Some of us have made substantial recommendations on how a west- side K&G can complement, not detract from Historic Colorado Avenue.

I find most all of the objections to it groundless, most of all that it will degrade, somehow, the Old Colorado City Historic District. I remind everyone that when the city got the state to move U.S. 24 from Colorado Avenue to the Midland Expressway in the early 1960s, the decline of all businesses on Colorado Avenue started. Half of the 100 buildings between 24th and 27th Streets were empty or abandoned by 1976. The city was ready to raze them. Had I not led the effort to use Federal HUD funds and SBA loan guarantees to capitalize 35 small businesses starting in 1975, there would be no 'Old Colorado City' today.

The federal government and Colorado Springs are now broke. Only private investment, such as Kum & Gos can transform the block-long Goodwill building into an attractive as well as productive facility now, and help maintain substantial local, as well as sight-seeing, traffic to and through the shops of Old Colorado City.

David Hughes, Colorado Springs

Copyright:  (c) 2013 ProQuest Information and Learning Company; All Rights Reserved.
Wordcount:  1035

Advisor News

  • Help child-free clients plan for their later years
  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
More Advisor News

Annuity News

  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
More Annuity News

Health/Employee Benefits News

  • Starbucks raises health insurance premiums, sparking worker tension
  • Opinion: The Colorado Option is failing to meet the needs of small businesses for healthcare coverage
  • New Managed Care Study Results from Brown University School of Public Health Described (Roles and Priorities Guiding Medicare Advantage Postacute Home Health Referrals): Managed Care
  • Reports Summarize Managed Care Findings from University of Arkansas for Medical Sciences (Potentially Inappropriate Medication Use Following Hospital Discharge Among Medicare Beneficiaries): Managed Care
  • New Cancer Findings from Anuraag R. Kansal and Colleagues Discussed (State Medicaid Budgetary Implications of New Cancers): Cancer
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • TDCI reminds consumers to focus on future during Life Insurance Awareness Month
  • TDCI reminds consumers to focus on the future during Life Insurance Awareness Month
  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.