Tag: regulation

Nebraska rare earth mineral discovery to challenge China’s monopoly

1:46 pm

A discovery in Nebraska of rare earth minerals appears set to challenge China’s monopoly.

To me these were the key quotes from this article:

The U.S. used to produce rare earths through the Mountain Pass Mine in California, but it was shut down in 2002, primarily because of environmental concerns, including the spillage of hundreds of thousands of gallons of water carrying radioactive waste into a nearby lake.

and

Although studies have shown the U.S. has 13 million metric tons of rare-earth minerals, National Mining Association spokeswoman Carol Raulston said it does not mine any of it – partly as a result of the difficulty of obtaining permits. “One of the key problems that investors tell us about is that the permitting regime in this country is so complicated and time-consuming that it has hurt investments here in the United States,” Ms. Raulston said.

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Five insurers cancel their healthcare coverage in Indiana due to Obamacare regulations

9:33 am

Repeal it: Five insurers have announced they are canceling their healthcare coverage in Indiana due to Obamacare regulations. The reason?

Aetna was leaving the Indiana individual market over a rule in the federal health care overhaul that insurers essentially must dedicate 80 percent of the premiums they collect to medical care. Anything less than 80 percent would be paid as rebates to policyholders the following year.

In other words, Obamacare tries to legislate the percentage of overhead a company spends, something that in the real world is simply impractical. Under this kind of regulation, every private company will eventually go out of business, leaving us stuck with a nationalized healthcare system run by our government.

And we all can see how efficiently the government runs things, right? Imagine a visit to the doctors’ office being like going to the motor vehicle administration.

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One in eight small businesses have stopped providing health insurance since Obamacare was passed

8:44 am

Finding out what’s in it: One in eight small businesses have stopped providing health insurance since Obamacare was passed.

One of the great “promises” of [Obamacare’s] supporters was that insured people would be able to keep their current health insurance plan. As a practical matter that has not been true for a substantial number of small employers and their employees. Since enactment, one in eight (12%) small employers have either had their health insurance plans terminated or been told that their plan would not be available in the future.

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An Obamacare provision appears to force middle-class families to either buy unaffordable healthcare or pay a penalty

10:37 pm

Repeal it! An Obamacare provision appears to force middle-class families to either buy unaffordable healthcare or pay the penalty for going without.

I wrote “appears to force” above because the issue at hand is so complex I don’t think anyone either in or out of the Obama administration truly understands it, another indication that the healthcare law is a disaster that needs to be ceremoniously dumped, and as quickly as possible.

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The fourth video showing Medicare fraud released

3:54 pm

We’re here to help you: A fourth video was released today, showing the incredible willingness of Medicare employees to support drug smuggling, prostitution, and a host of other illegal activities in their effort to get applicants approved.

The first video was for me the most damaging — and sadly hilarious — with the government employee telling the so-called Russian drug smuggler and pimp for under-age prostitutes to put “baby-sitting” on his application instead.

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Public debt and the peril of Obamacare

11:51 am

Public debt and the peril of Obamacare.

Countries with universal healthcare fall into two camps:

1. Totalitarian regimes like Cuba and North Korea, and authoritarian Third World countries in the Middle East and Africa.

2. Western nations that free-ride off of American military spending and its provision of international security, but nonetheless run unsustainable budgets with immense debts trying to pay for their social welfare states. [emphasis mine]

In other words, we had better repeal this monstrosity or we face economic collapse, probably preceded by a dictatorship.

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