Year: 2014

Fewer people to have health insurance under Obamacare

2:42 pm

Finding out what’s in it: A new analysis of Obamacare predicts that in the next ten years the number of uninsured Americans will increase by 10 percent while premiums will continue to rise.

We estimate that average annual costs for the cheapest individual plans—the “bronze” plans—may increase by 96 percent, from roughly $2,100 to nearly $4,200. Bronze family plans prices, meanwhile, may increase by nearly 50 percent. The average plan in this category could come close to $13,000 a year in total premiums. Almost every plan will see a price increase of some kind.

Consumers will learn these unpleasant truths in the fall of 2016 when they attempt to extend their policies.

No matter where you live, the effects will ripple across the entire industry. The dramatically higher prices will almost surely drive some consumers out of the exchanges. But they won’t have many places to turn. Many—perhaps most—won’t be eligible for Medicaid, while others won’t have jobs that offer replacement health insurance. People in this position will thus choose between health insurance they can’t afford and becoming uninsured. Not even the IRS penalty will convince everyone to bite the bullet.

Prior to 2016 the law allows insurance companies to use tax dollars, subsidizes from the federal government, to artificially depress premiums. After 2016 that option disappears, and the real cost of Obamacare gets passed to the consumer, most of whom will not be able to afford it.

12 comments

British government raises terror threat

9:47 am

Update: Sources in the federal government say that an Islamic terror attack coming from Mexico is imminent.

Original post:
While Obama has admitted he has no strategy to deal with ISIS, the British government today raised its terror threat level to “severe.”

[Home Secretary Theresa] May said the threat level was raised because of the risk from the deteriorating situation in Iraq and Syria, where extremist militants from the group calling itself the Islamic State (also ISIS or ISIL). May said, however, that there was no specific threat to Britain that caused the raise in the terror level. This is the first time Britain’s terror threat level has been at “severe” since 2011. “The increase in the threat level is related to developments in Syria and Iraq where terrorist groups are planning attacks against the West. Some of these plots are likely to involve foreign fighters who have traveled there from the UK and Europe to take part in those conflicts,” May said in a statement.

Add to this the fact that U.S. intelligence has noted a “significant increase” in chatter among terrorist organizations as September 11 approaches.

Islamic terrorists have celebrated September 11 several times previously with terrorist attacks. We shouldn’t be surprised if they do it again, especially as they now have a resurgent base of operations with many resources in the territory now controlled by ISIS.

Barack Obama meanwhile will probably find out about the next terrorist attack from a newspaper he reads, after he finishes his next very important round of golf.

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Single sensor caused Falcon 9R failure

9:21 am

SpaceX has identified the cause of the failure of last week’s Falcon 9R test flight failure as a single sensor.

On the Falcon 9R, there was no backup for this sensor, so the rocket was required to self-destruct when the sensor failed. On a Falcon 9, other sensors would have picked up the slack and the rocket would have continued in flight.

That the sensor is used by the Falcon 9, however, explains why they have delayed the next commercial flight. They probably want to make sure they understand why the sensor failed so they can reduce the chance of failure on the Falcon 9.

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Spitzer spots asteroid collision

11:57 am

A monitoring program of a young star by the Spitzer Space Telescope has paid off with evidence of a major collision between asteroids in the debris disk that surrounds the star.

Scientists had been regularly tracking the star, called NGC 2547-ID8, when it surged with a huge amount of fresh dust between August 2012 and January 2013. “We think two big asteroids crashed into each other, creating a huge cloud of grains the size of very fine sand, which are now smashing themselves into smithereens and slowly leaking away from the star,” said lead author and graduate student Huan Meng of the University of Arizona, Tucson.

While dusty aftermaths of suspected asteroid collisions have been observed by Spitzer before, this is the first time scientists have collected data before and after a planetary system smashup. The viewing offers a glimpse into the violent process of making rocky planets like ours.

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Court rules in favor of rock throwers and thugs

7:34 pm

In a ruling today a court has ruled that the police have the right to curtail the free speech of Christians on a public street if Muslims threaten them with violence.

Let me describe what happened again that so there is no confusion. There was a Muslim festival open to the general public on the streets of Dearborn, Michigan. Some Christians wanted to walk through that festival holding signs and preaching the gospel. They were attacked by a mob. The police, instead of arresting the attackers, threatened the Christians with arrest if they didn’t shut up and leave.

If you doubt me, watch the video of that event, which I posted when it happened under the title The Stoning of Christians — in Michigan.

In essence, the court has sanctioned the heckler’s veto. If you don’t like what someone is saying, threaten them with violence and the police will shut them up for you so that you don’t behave badly.

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SLS first launch officially delayed one year

3:18 pm

In a press conference today to tout the development of the SLS rocket, NASA finally admitted that the rocket’s first flight has been delayed a year until 2018, as had been rumored for months.

The cost? $7 billion more from now until that first launch, a number that does not include the billions already spent. I once again note that the entire commercial program, both manned and cargo, has cost less than that, from start to finish, and includes the entire manifest of actual cargo flights to ISS.

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