Tag: policy

Eleven more Obamacare co-ops face bankruptcy

9:03 am

Finding out what’s in it: Eleven more Obamacare state health insurance co-ops are on the verge of bankruptcy, according to an assessment that the Obama administration is keeping secret.

The key to this story is this quote:

Just in the last three weeks, five of the original 24 Obamacare co-ops announced plans to close, bringing the total of failures to nine barely two years after their launch with $2 billion in start-up capital from the taxpayers under the Affordable Care Act. All 24 received 15-year loans in varying amounts to offer health insurance to poor and low income customers and provide publicly funded competition to private, for-profit insurers. Among the co-ops to announce closings were those in Iowa, Nebraska, Kentucky, West Virginia, Louisiana, Nevada, Tennessee, Vermont, New York and Colorado.

Nearly half a million failing co-op customers will have to find new coverage in 2016. More than $900 million of the original $2 billion in loans has been lost. [emphasis mine]

In other words, this part of Obamacare was really nothing more than a way to funnel a lot of cash to Democratic activists and supporters. That the co-ops are going bankrupt really doesn’t matter, because the money will remain in those Democratic hands regardless.

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Two more Obamacare state co-ops fail

12:27 pm

Finding out what’s in it: Obamacare co-ops in Tennessee and Kentucky have announced that they are going out of business and their customers need to find new health insurance plans.

The following two paragraphs about the failure of the Kentucky co-op illustrate succinctly what conservatives were saying about Obamacare before it was launched about why it was never going to work:

The co-op lost $50 million last year, partly because over 20,000 more people had purchased the insurance than originally estimated. Glenn Jennings, Kentucky Health Cooperative’s interim CEO, told the Herald-Leader that further financial woes came because many of their new members had not previously had health insurance, leading to “a lot of people with pent up medical needs.” Then, said Jennings, “when they suddenly had health insurance…they began using their benefits.”

Jennings said that they had slowed their losses to $4 million in the first half of 2015, but were counting on substantial federal loans to continue operations. Instead, the feds announced they would only provide 12.6 percent of the funds requested by insurers through the assistance program. Kentucky’s insurers were hoping to get a total of $77 million in loans, but only received $9.7 million.

If insurance companies are forced to take anyone, as Obamacare does, then no one is going to buy insurance until they need it, defeating the entire premise of insurance. Thus, the Kentucky co-op was quickly saddled with too many sick customers and not enough healthy ones to pay the costs. To solve this they were then depending on the government to make up the difference. This however is simply impossible. There just isn’t enough of other people’s tax dollars to fund such inefficiencies.

The unsurprising result: Bankruptcy. As the article notes, of the 23 state co-ops still in operation, 21 are losing money. Expect more bankruptcies to come.

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Iran writes its own bill

9:56 am

The bill approved by Iran’s legislature this week is not the deal negotiated by John Kerry and approved by Obama.

Instead, the Majlis approved by a 161 to 59 vote, with 13 abstentions, a nine point document they created which authorizes the Iranian government to move forward on a path that will do at least two things: one, remove international sanctions against Iran, and two, end Israel’s nuclear weapons program.

Got that?

End Israel’s nuclear weapons program. Not end Iran’s nuclear weapons program. Ending Israel’s program is apparently point one of the nine point document approved by the Majlis on Tuesday.

Read it all. Rather than agree to limit their nuclear production, as declared by the idiots in the Obama administration, the legislation allows them to accelerate it. As the article notes, the only person sticking with Obama’s Iran nuclear deal is Obama.

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Russian lunar mission delayed again

9:02 am

The Russian Luna-Glob has been delayed again, partly due to embargoes imposed by the Ukraine war, and partly due to a lack of money.

The article notes that Russia’s participation in the European ExoMars project has left little resources for this lunar mission, causing delays. It also notes the possibility that the second mission in ExoMars, scheduled for 2018, might be delayed as well. (The first ExoMars mission is scheduled to launch next year.)

All-in-all, this story indicates to me that the Russians continue to have serious underlying financial and management problems throughout their society. Having lost faith in capitalism, after 20 years of not really doing it right, they have returned to a soviet-style big government top-down approach. I doubt it will solve their problems.

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Conservative Republicans back Webster for Speaker

4:24 pm

The fight is on! The Freedom Caucus, a group of about 40 to 50 conservative tea party Republicans in the House, has announced that they intend to back Daniel Webster (R-Florida) for Speaker, rejecting the establishment choice of Kevin McCarthy (R-California).

Rep. John Fleming (R-La.) said Webster’s focus on procedural changes convinced conservatives to back him. “We need to have a voice, we need to have power rather than have the speaker dictate to us,” he said. “It is clear that our constituents will simply not accept a continuation of the status quo, and that the viability of the Republican Party depends on whether we start listening to our voters and fighting to keep our promises,” the Freedom Caucus said in a statement. “We accordingly believe that, under the present circumstances and without significant changes to Conference leadership and process, Rep. Daniel Webster would be best equipped to earn back the trust of the American people as Speaker of the House.”

In the end I suspect the Speaker will not be Webster, but this announcement is going to force the Republican leadership to concede power to the conservatives, something the voters have clearly wanted for the past few elections.

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Government admits whole milk was always good for you

4:06 pm

The uncertainty of science: A new study has found that whole milk not only does not increase heart disease, it might even help prevent it.

The most significant part of this story however is that when the federal government made the original recommendation that people stop drinking whole milk to avoid fats, the science behind that recommendation was flawed and inconclusive.

But even as a Senate committee was developing the Dietary Goals, some experts were lamenting that the case against saturated fats was, though thinly supported, was being presented as if it were a sure thing. “The vibrant certainty of scientists claiming to be authorities on these matters is disturbing,” George V. Mann, a biochemist at Vanderbilt’s med school wrote in the New England Journal of Medicine. Ambitious scientists and food companies, he said, had “transformed [a] fragile hypothesis into treatment dogma.”

As Morrissey says at the link, “Golly, doesn’t that sound … familiar?”

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How the Republican Party might break-up

12:06 pm

Devin Nunes (R-California), a establishment Republican supporting Kevin McCarthy (R-California) for House Speaker, said today that any Republicans who don’t vote for McCarthy should be kicked out of the party.

Nunes is talking about the final House-wide vote for Speaker. First the Republicans vote in private among themselves, picking their nominee. McCarthy is expected to easily win that vote. Then the entire House votes. Some conservatives are threatening to not vote for McCarthy in that House-wide vote in order to extract greater influence over the entire party. Nunes wants them ejected from the party if they do that.

I have also read another story, the link to which I can’t find now, where establishment Republicans want to codify what Nunes is saying, so that any Republican who voted against McCarthy in the final vote would be kicked out of the party. If this happens, then we might very well see the Republican Party split, something that I increasingly see as a possibility. Right now the party is trying to be too big a tent, including conservatives and many moderate Democrats who find the modern Democratic Party unacceptable. (This is one reason why the Republican presidential field is so large.)

Should the party split, we might also eventually see the withering away of the Democratic Party, which today is very corrupt and far too leftwing for most Americans. If the Republicans split into conservative and moderate wings, many of those disenchanted Democrats would move to the moderate Republican faction. The result would be to cut off the corrupt modern Democratic Party from the reins of power.

I am of course being hopeful and naively optimistic. A more likely scenario would be for the Republican Party to split in such a way that the unified Democrats, still corrupt, would take over.

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Government workers earn 78% more than private workers

5:29 pm

We’re here to help us! A new study has found that Federal employees earn 78% more than private sector workers.

The Cato Institute’s Chris Edwards compared data from the Bureau of Economic Analysis to show that, in his view, civilian federal workers are overcompensated. Factoring both salary and benefits, Edwards pointed to BEA data showing the average federal employee earns about $119,000 annually, compared to the private sector worker who earns $67,000 per year. When comparing just salaries, feds collect 50 percent bigger paychecks, Edwards said.

The wage gap between the federal and private sectors has grown since the 1990s, Cato’s director of tax policy studies found. The divide has doubled since 1990, when it was just 39 percent. The growth, he said, came from not just raising pay levels and offering more generous benefits, but also a more “top-heavy” bureaucracy that routinely moves employees into higher salary brackets and redefines jobs as higher earning positions. “The federal government has become an elite island of secure and high-paid employment, separated from the ocean of average Americans competing in the economy,” Edwards wrote in his findings.

I wonder, do you think we are getting our money’s worth?

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IPPC replaces head with economist

2:34 pm

The politics of climate science: The IPCC has selected an economist, Hoesung Lee, to replace the disgraced railroad engineer, Rajendra Pachauri, who had previously been its leader.

That neither Pachauri nor Lee is an actual climate scientist, nor have they ever even done any climate science, tells us all we need to know about the IPCC. It is a political body, designed to push the political agenda of the advocates of human-caused global warming regardless of the scientific evidence. And that political agenda has nothing to do with science or climate, but using science and climate as a tool to impose Marxist fascist rule on everyone.

And if you doubt me, read this article in the science journal Nature describing the possible directions the IPCC will take under Lee’s leadership.

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What Facebook “likes” reveal about the candidates

9:32 am

A review of the number of Facebook “likes” obtained by the Republican presidential candidates illustrates again that the grassroots strongly desires something different in 2016.

Candidates perceived as part of the “establishment,” such as Jeb Bush, Chris Christie, John Kasich, Lindsey Graham, and George Pataki had surprisingly few followers considering their name recognition and experience. My initial research revealed Jeb Bush had the most followers amongst the establishment candidates -right at 280,10 at that time. Comparatively, Dr. Carson, was leading the pack among the “outsiders.” He had 3,821,488.

However, all of those considered outsiders, including Trump, Carson, Cruz and Fiorina, as well as those considered a bridge between the outsiders and the establishment, like Marco Rubio, Rand Paul, Huckabee, Bobby Jindal and Rick Santorum, were faring better on Facebook and Twitter than their establishment counterparts. Santorum had the lowest number of Facebook Likes, at 265, 810 followers – not far off from Jeb Bush. If presidential candidates were decided exclusively based upon grassroots support, without major donors to prop up establishment candidates, they’d be in trouble.

The article also notes how some of these outsiders, such as Ben Carson, actually increased the number of their “likes” immediately after they has said something that the press had called a miscue or a mistake and which they thought would end their campaign. Instead, they gained strength on Facebook.

As I’ve said for months, as soon as the real voting begins Jeb Bush will vanish. The Republican voter does not want another Bush, no matter how much money and organization he has. They also do not want a Kasich, a Graham, a Christie, or a Pataki, all of whom have demonstrated their willingness to abandon conservative ideas at the drop of a hat. Instead, the voters want someone not part of the Washington machine who will be willing to change things there. These data makes this fact quite clear.

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Republicans investigate global warming scientists who demanded skeptics be prosecuted

8:41 am

Turnabout is fair play? The lead signer of a letter from global warming scientists demanding the Obama administration investigate and prosecute corporations and scientists who express skepticism of human-caused global warming are now being investigated themselves.

Last week, Representative Lamar Smith (R–TX), the chairman of the science panel of the House of Representatives, announced plans to investigate a nonprofit research group led by climate scientist Jagadish Shukla of George Mason University in Fairfax, Virginia. He is the lead signer of a letter to White House officials that urges the use of an antiracketeering law to crack down on energy firms that have funded efforts to raise doubts about climate science.

In a 1 October letter, Smith asked Shukla, who is director of the independent Institute of Global Environment and Society (IGES) in Rockville, Maryland, to preserve all of the “email, electronic documents, and data” that the institute has created since 2009. Smith’s panel soon may be asking for those documents, the letter suggests.

This is not good news and illustrates the truly poisonous culture we now live in. The original demand that skeptics be prosecuted was horrible. To respond by considering prosecution of global warming scientists is just as bad.

The solution to the debate about climate is to do research, to openly challenge the theories and claims of either side with facts. Attacking those with whom you disagree gets us no closer to the truth, and in fact hinders that effort significantly.

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Government overpayments going up by billions

8:44 am

Government marches on! A GAO report has found that since 2003 the federal government has wasted almost a trillion dollars in improper overpayments, with the numbers increasing by 20% in 2014.

The GAO said three programs were most at fault: Medicare, Medicaid and the Earned Income Tax Credit (EITC). These three government programs were responsible for a full three-quarters of the nearly $19 billion in erroneous payments the federal government made in fiscal 2014, the GAO said. “Improper payments remain a significant and pervasive government-wide issue,” the congressional watchdog unit warned.

The Earned Income Tax Credit program was the worst offender. The Internal Revenue Service estimated that the program erroneously handed out $17.7 billion worth of “improper” payments. That amounts to a whopping 27.2 percent of the total $65.2 billion in EITC refund checks that the IRS sent out in fiscal 2014. And that means the federal government is now fast approaching the day when one out of every three earned income tax credits is erroneous.

Medicare was nearly as bad. The program, which covers about 54 million elderly and disabled beneficiaries, incorrectly doled out $59.9 billion in fiscal 2014, which is about a tenth of its $603 billion budget. So, one out of every $10 that Medicare spent last year was erroneous, the GAO found. Medicaid made $17.5 billion in mistaken payments out of its $304 billion budget, for a nearly 6 percent error rate.

It is obvious that the solution to this government problem is to give the government more power and money. How else can they reduce this waste but by spending more money!

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