Comments on: GAO finds fraud rampant in Obamacare subsidy program

By: wayne

wayne — Fri, 26 Feb 2016 17:43:21 +0000

Frank
Excellent concise points!
People are largely ignorant (“un-aware”) as to how insurance works in the real world.
Personally I am not entirely opposed to a government funded back-stop for specific (and limited) high-risk pools or preexisting conditions, but before we even get to the point of even discussing that, I want to see the health insurance companies FULLY exposed to free-market pressures & the Feds disengage entirely
That being said, we’ve been fed complete lies about how many people didn’t or don’t, have health insurance at any given time, as well as the number of people with preexisting conditions that would totally exclude them completely from the market.

By: Frank

Frank — Fri, 26 Feb 2016 04:26:28 +0000

The minute insurance companies are required to cover preexisting conditions, its no longer insurance.
The minute insurance companies get a guaranteed government bail out, its crony capitalism
The minute the government requires you to buy insurance and uses the IRS to enforce it, its tyranny.

By: Wayne

Wayne — Thu, 25 Feb 2016 17:37:07 +0000

PeterF–
Exactly.
–To be clear, I’m not against cell-phone providers in general, just when they do their colluding crony-deals with the State. It’s a huge gravy-train for some of them.
-Its pure rent-seeking.
I forget who contracts with the Feds for the free-phones but if I’m not mistaken it may be one of Slim’s American subsidiaries. This is part of the unholy alliance between the State & (crony) business.
The Feds don’t manufacture cell-phones or maintain cell-networks, they contract with businesses who do.
Ever look closely at your cell-bill? Mine has about $16 of nebulous “taxes” & “fees,” per month. Part of that goes directly to the free-phones. I call that forced redistribution of wealth.
The program (it has a benign official name but we know it as “Obama-phone”) was started to allegedly allow poor people without phones, to have at least some access, and in part, so they could get jobs! (not post on Facebook.) First year budget was about $500 million & has escalated every year.
Multiply that sort of thing across all Fed programs & IMO you have a disaster in-progress.
For Healthcare, it’s infinitely worse. Something like 15% of the entire GDP of the economy is “healthcare,” and the Feds essentially run it all.

By: PeterF

PeterF — Thu, 25 Feb 2016 16:31:57 +0000

Wayne: “It goes to the handful of Crony cell-providers”

Thats how Mr. Slim from Mexico became the wealthiest man in the world in one of the poorest countries.

By: Wayne

Wayne — Thu, 25 Feb 2016 15:02:14 +0000

This is only the tip of the iceberg on fraud, waste, abuse, & blatant Cronyism. Not to mention the intentional redistributive effects of the whole scam. It was never about “healthcare” or even “insurance,” it’s all about Control.
Check into the “risk corridor” aspects in the ACA (Obama-care) by which even more massive amounts of money will be transferred from government to insurance companies. “Single Payer” has always been the end-goal.
Ask yourself why the health-insurance Industry has been a willing participant in the destruction of their own Industry– they essentially work for the Feds now & are no longer accountable to their (former) real customers.
It’s pure Cronyism.
Insurance companies agreed to the whole scam because they benefit in the short term & are completely captured by the State. It’s a heavily regulated business; if they don’t play-ball with the State, they don’t play-ball at all, and they know it. They accept it and they actively collude in the process.
-Ever see the CEO of United Healthcare say “this is all socialism & doomed to fail?” Nope
-I carefully listened to a town-hall held by Donald Jr.– he was quite clear his father “intends to manage healthcare better.”
That’s what Progressive Rino’s do, they promise to manage the “system” “better,” not dismantle it and allow the free-market to actually work.
Check into the whole “Obama phone” program; it started at $500 million/year & is now well over $1 Billion a year, for free cell phones. (Initially, the phones were given 30 minutes a month but that escalated to over 200 minutes a month.)
Where does everyone think that government largess goes? It goes to the handful of Crony cell-providers who participate in the program & make a bundle doing so.

By: Phill O

Phill O — Thu, 25 Feb 2016 04:44:12 +0000

Fact: 1 Manitoba had (still does) government run auto insurance. Alberta has (had ) private auto insurance. When I moved from Manitoba to Alberta in 2004 my premiums in Manitoba were $1,500:00 per year. They were $750:00 per year in Alberta. Coverage was the same: Farm use collision with glass covered, Doge Ram 2500 diesel 4X4.

My personal opinion to why the disparity is that politicians want no waves so will let fraud abound to keep things quiet.

Now, it can be logically argued that the farmers in Manitoba (who tend to have good driving records) were subsidizing the poor drivers in Winnipeg and the much higher crime rate in the native populated cities.