Category Archives: Healthcare

Update III: Obama’s Route To Economic Revival (A Stake Through The Heart Of The Economy)

Barack Obama, Debt, Democrats, Economy, Healthcare, Media, Socialism

A straitjacket is where this man and his followers belong. And where Bush before him should have been placed. For as much as the beaus and bimbos of FoxNews and their loyalists wish to forget, Bush paved the way for Barack’s Bacchanalia—“The unconstitutional campaign finance-reform bill and ‘Sarbanes-Oxley Act’ (a preemptive assault on CEOs and CFOs, prior to the fact of a crime); the various trade tariffs and barriers; the Clintonian triumph of triangulation on affirmative-action; the collusion with Kennedy on education; the welfare wantonness that began with a prescription-drug benefit that would add trillions to the Medicare shortfall, and culminated in the Kennedy-countenanced ‘New New Deal’ for New Orleans, for which there was no constitutional authority; the gold-embossed invitation to illegals to invade, and the ‘camouflaged amnesty'”—Barack wishes he’d done all this, but these were Bush’s babies.

Back to the bastard du jour : The New York Times editorializes approvingly on what Obama’s health care “reform” will accomplish:

It will “require virtually all Americans to carry health insurance or pay a penalty. And it would require all but the smallest businesses to provide health insurance for their workers or pay a substantial fee. It would also expand Medicaid to cover many more poor people, and it would create new exchanges through which millions of middle-class Americans could buy health insurance with the help of government subsidies. The result would be near-universal coverage at a surprisingly manageable cost to the federal government.

The nonpartisan Congressional Budget Office estimates that by 2015, 97 percent of all residents, excluding illegal immigrants, would have health insurance. The price tag for this near-universal coverage was pegged by the budget office at just more than $1 trillion over 10 years — at the low-end of the estimates we’ve heard in recent weeks.

The legislation would pay for half that cost by reducing spending on Medicare, a staple of all reform plans. It would pay for the other half by raising $544 billion over the next decade with a graduated income surtax on the wealthiest Americans: families with adjusted gross incomes exceeding $350,000 and individuals making more than $280,000.” …

Update I: Republicans on the Joint Economic Committee (led by Rep. Kevin Brady (R-TX), who, as far as I know, did less than nothing to highlight the evils of their Boy Bush’s prescription drug program, have developed the following organizational chart to illustrate the efficiencies built into to the Democrats’ healthscare politburo. Since the image, never the program, is quite small, check it out here.

HC

Update II (July 17): “In total, CBO estimates that enacting [Obama’s healthscare) provisions would raise deficits by $1,042 billion over the 2010-2019 period.” But the CBO and the JCT hope that the net increase in the federal budget deficit of enacting H.R. 3200 will be only a meager $239 billion over the 2010-2019 period. That’s because of some “savings” the Act affords.

“That estimate reflects a projected 10-year cost of the bill’s insurance coverage provisions of $1,042 billion, partly offset by net spending changes that CBO estimates would save $219 billion over the same period, and by revenue provisions that JCT estimates would increase federal revenues by about $583 billion over those
10 years.”

Douglas W. Elmendorf, Director of the CONGRESSIONAL BUDGET OFFICE, who conducted the analysis of “H.R. 3200, America’s Affordable Health Choices Act of 2009,” summarizes the Act’s mandates:

The legislation would establish a mandate to have health insurance, expand eligibility for Medicaid, and establish new health insurance exchanges through which some people could purchase subsidized coverage. The options available in the insurance exchange would include private health insurance plans as well as a public plan that would be administered by the Secretary of Health and Human
Services. The specifications would also require payments of penalties by uninsured individuals, firms that did not provide qualified health insurance, and other firms whose employees would receive subsidized coverage through the exchanges. The plan would also provide tax credits to small employers that contribute toward the cost of health insurance for their workers.

I must say, I’m quite impressed with the CBO. Just the facts, ma’am.

Update III (July 18): Warns economist Peter Schiff: “the economy is walking dead anyway, and this measure is the equivalent of a stake through the heart.” From “Prescription for Disaster”:

“[T]taxing the rich to pay for health care for the uninsured is the wrong way to think about tax policy and is an unconstitutional redistribution of wealth. While the government has the constitutional power to tax to “promote the general welfare,” it does not have the right to tax one group for the sole and specific benefit of another. If the government wishes to finance national health insurance, the burden of paying for it should fall on every American. If that were the case, perhaps Congress would think twice before passing such a monstrosity.

In the second place, the bill is just plain bad economics. For an administration that claims to want to create jobs, this bill is one of the biggest job-killers yet devised. By increasing the marginal income tax rate on high earners (an extra 5.4% on incomes above 1 million), it reduces the incentives for small business owners to expand their companies. When you combine this tax hike with the higher taxes that will kick in once the Bush tax-cuts expire, and add in the higher income taxes being imposed by several states, many business owners might simply choose not to put in the extra effort necessary to expand their businesses. Or, given the diminishing returns on their labor, they may choose to enjoy more leisure. More leisure for employers means fewer jobs for employees.

More directly, mandating insurance coverage for employees increases the cost of hiring workers. Under the terms of the bill, small businesses that do not provide insurance will be required to pay a tax as high as 8% of their payroll. Since most small businesses currently could not afford to grant 8% across-the-board pay hikes, they will have to offset these costs by reducing wages. However, for employees working at the minimum wage, the only way for employers to offset the costs would be through layoffs.”

Read the complete column on Taki’s.

Update III: Obama's Route To Economic Revival (A Stake Through The Heart Of The Economy)

Barack Obama, Debt, Democrats, Healthcare, Media, Socialism

A straitjacket is where this man and his followers belong. And where Bush before him should have been placed. For as much as the beaus and bimbos of FoxNews and their loyalists wish to forget, Bush paved the way for Barack’s Bacchanalia—“The unconstitutional campaign finance-reform bill and ‘Sarbanes-Oxley Act’ (a preemptive assault on CEOs and CFOs, prior to the fact of a crime); the various trade tariffs and barriers; the Clintonian triumph of triangulation on affirmative-action; the collusion with Kennedy on education; the welfare wantonness that began with a prescription-drug benefit that would add trillions to the Medicare shortfall, and culminated in the Kennedy-countenanced ‘New New Deal’ for New Orleans, for which there was no constitutional authority; the gold-embossed invitation to illegals to invade, and the ‘camouflaged amnesty'”—Barack wishes he’d done all this, but these were Bush’s babies.

Back to the bastard du jour : The New York Times editorializes approvingly on what Obama’s health care “reform” will accomplish:

It will “require virtually all Americans to carry health insurance or pay a penalty. And it would require all but the smallest businesses to provide health insurance for their workers or pay a substantial fee. It would also expand Medicaid to cover many more poor people, and it would create new exchanges through which millions of middle-class Americans could buy health insurance with the help of government subsidies. The result would be near-universal coverage at a surprisingly manageable cost to the federal government.

The nonpartisan Congressional Budget Office estimates that by 2015, 97 percent of all residents, excluding illegal immigrants, would have health insurance. The price tag for this near-universal coverage was pegged by the budget office at just more than $1 trillion over 10 years — at the low-end of the estimates we’ve heard in recent weeks.

The legislation would pay for half that cost by reducing spending on Medicare, a staple of all reform plans. It would pay for the other half by raising $544 billion over the next decade with a graduated income surtax on the wealthiest Americans: families with adjusted gross incomes exceeding $350,000 and individuals making more than $280,000.” …

Update I: Republicans on the Joint Economic Committee (led by Rep. Kevin Brady (R-TX), who, as far as I know, did less than nothing to highlight the evils of their Boy Bush’s prescription drug program, have developed the following organizational chart to illustrate the efficiencies built into to the Democrats’ healthscare politburo. Since the image, never the program, is quite small, check it out here.

HC

Update II (July 17): “In total, CBO estimates that enacting [Obama’s healthscare) provisions would raise deficits by $1,042 billion over the 2010-2019 period.” But the CBO and the JCT hope that the net increase in the federal budget deficit of enacting H.R. 3200 will be only a meager $239 billion over the 2010-2019 period. That’s because of some “savings” the Act affords.

“That estimate reflects a projected 10-year cost of the bill’s insurance coverage provisions of $1,042 billion, partly offset by net spending changes that CBO estimates would save $219 billion over the same period, and by revenue provisions that JCT estimates would increase federal revenues by about $583 billion over those
10 years.”

Douglas W. Elmendorf, Director of the CONGRESSIONAL BUDGET OFFICE, who conducted the analysis of “H.R. 3200, America’s Affordable Health Choices Act of 2009,” summarizes the Act’s mandates:

The legislation would establish a mandate to have health insurance, expand eligibility for Medicaid, and establish new health insurance exchanges through which some people could purchase subsidized coverage. The options available in the insurance exchange would include private health insurance plans as well as a public plan that would be administered by the Secretary of Health and Human
Services. The specifications would also require payments of penalties by uninsured individuals, firms that did not provide qualified health insurance, and other firms whose employees would receive subsidized coverage through the exchanges. The plan would also provide tax credits to small employers that contribute toward the cost of health insurance for their workers.

I must say, I’m quite impressed with the CBO. Just the facts, ma’am.

Update III (July 18): Warns economist Peter Schiff: “the economy is walking dead anyway, and this measure is the equivalent of a stake through the heart.” From “Prescription for Disaster”:

“[T]taxing the rich to pay for health care for the uninsured is the wrong way to think about tax policy and is an unconstitutional redistribution of wealth. While the government has the constitutional power to tax to “promote the general welfare,” it does not have the right to tax one group for the sole and specific benefit of another. If the government wishes to finance national health insurance, the burden of paying for it should fall on every American. If that were the case, perhaps Congress would think twice before passing such a monstrosity.

In the second place, the bill is just plain bad economics. For an administration that claims to want to create jobs, this bill is one of the biggest job-killers yet devised. By increasing the marginal income tax rate on high earners (an extra 5.4% on incomes above 1 million), it reduces the incentives for small business owners to expand their companies. When you combine this tax hike with the higher taxes that will kick in once the Bush tax-cuts expire, and add in the higher income taxes being imposed by several states, many business owners might simply choose not to put in the extra effort necessary to expand their businesses. Or, given the diminishing returns on their labor, they may choose to enjoy more leisure. More leisure for employers means fewer jobs for employees.

More directly, mandating insurance coverage for employees increases the cost of hiring workers. Under the terms of the bill, small businesses that do not provide insurance will be required to pay a tax as high as 8% of their payroll. Since most small businesses currently could not afford to grant 8% across-the-board pay hikes, they will have to offset these costs by reducing wages. However, for employees working at the minimum wage, the only way for employers to offset the costs would be through layoffs.”

Read the complete column on Taki’s.

Update II: Messiah’s Magical Medical Tour Ambles On

Barack Obama, English, Free Markets, Government, Healthcare, Political Economy, Propaganda, Regulation, Socialism

The so-called town halls set up for the propagandist-in-chief to peddle his policies are as alarming as the infomercials the networks avail him of. All the more so given that no forum airs any serious, substantive questions. There is something both mindless and eerie about the monolithic, collectivist nature of Obama’s “National Discussion on Health Care Reform.” Say after me, all together now, etc.

The guy is also flooding the Internet with his “message.” Is this propaganda? Heavens no. The toxic, and intoxicated journalistic profession would say this is but a savvy use of the new technology. And isn’t it all so very groovy and cool?

In last week’s “Obama’s Politburo Of Proctologists,” I explained one fundamental difference between the private market and the “public plan”: The latter “is a subsidized plan in which prices are artificially fixed below market level. As sure as night follows day, overconsumption and shortages always ensue. If he is as smart as he thinks he is, even the smarmy president must knows that, to compete with the state, private plans and insurers cannot offer services below their real cost for long.

Private practitioners who sell their wares at a loss—are not ‘too big to fail,’ and have yet to slip between the sheets with the derriere doctor-in-chief—will be waylaid. Conversely, because it enjoys a monopoly over force, the government is immune to bankruptcy. It covers its shortfalls by direct and indirect theft: by taxing the people, or flooding the country’s financial arteries with toxic fiat currency.

Other than to indenture doctors, the overall effect of forcing professionals to provide healthcare below market prices will be to decrease the supply and quality of providers and products.

My colleague Vox Day adds the following important points:

It would not be logical if the government were competing on anything remotely resembling a level playing field. However, that’s not the case with government, which has several advantages even when it doesn’t make use of its ability to assert a monopolistic position. First, a government agency has no need to make money. Subsidized by the taxpayers and public debt, it can run at a loss for decades. It can therefore undercut private competition by any amount it chooses, thus creating demand for its services even if they are inferior. Second, a government agency is allowed to exclude itself from regulations that apply to private competitors, giving it further competitive advantages that don’t necessarily show up on the balance sheets. For example, it is highly unlikely that one could successfully sue an employee at a government health care provider for malpractice. The Supreme Court upheld the Feres Doctrine in 1950, which prevents veterans from suing any Veterans Administration physician for malpractice. So, among other things, federal health care providers would not need to carry insurance due to their so-called sovereign immunity.

Obama and logic: never the twain shall meet.

An aside: My language-loving ears were stung when I heard the man, hailed for his literary skills, say in today’s portion of the week, “her and her husband …” It’s “she and her husband,” you doofus. And then, “One of the many options we have are….” It’s “one of the many options … IS.” Hint: One is singular. I’ll remind you that the fact the Obama speaks better English than Bush means nothing at all.

Update I: Chip Reid of CBS News and Helen Thomas skewer Obama’s cackling hyena of a press secretary, Robert Gibbs, over Obama’s town hall-by-invitation. Reid explains to the Mouth what a townhall is—a free for all. Both the public and the questions for the ostensible “National Discussion on Health Care Reform” were carefully preselected and screened. My sense that this was a convention of automatons was based on the fact that indeed it was. Thomas, a historical relic herself, says that this White House is the first to conduct itself in this manner: “The point is the control from here. We have never had that in the White House. And we have had some control but not this control. I mean I’m amazed, I’m amazed at you people who call for openness …” Imagine that: Thomas, who regularly gave Bush hell, might come to miss The Shrub, as we progress down the road to serfdom.

Update II (July 2): What Thomas told CNS News (via the Glenn Beck newsletter):

“Nixon didn’t try to do that,” Thomas said. “They couldn’t control (the media). They didn’t try. “What the hell do they think we are, puppets?” Thomas said. “They’re supposed to stay out of our business. They are our public servants. We pay them.”

Thomas said she was especially concerned about the arrangement between the Obama Administration and a writer from the liberal Huffington Post Web site. The writer was invited by the White House to President Obama’s press conference last week on the understanding that he would ask Obama a question about Iran from among questions that had been sent to him by people in Iran.

“When you call the reporter the night before you know damn well what they are going to ask to control you,” Thomas said. “I’m not saying there has never been managed news before, but this is carried to fare-thee-well–for the town halls, for the press conferences,” she said. “It’s blatant. They don’t give a damn if you know it or not. They ought to be hanging their heads in shame.”

Asks Glenn (or his proxy): Does this mean Obama’s honeymoon with the press is coming to an end?

I answer (not that he’d know it): don’t count on it. The “parrot press” has a lot riding on that ass.

Update II: Messiah's Magical Medical Tour Ambles On

Barack Obama, English, Free Markets, Government, Healthcare, Political Economy, Propaganda, Regulation, Socialism

The so-called town halls set up for the propagandist-in-chief to peddle his policies are as alarming as the infomercials the networks avail him of. All the more so given that no forum airs any serious, substantive questions. There is something both mindless and eerie about the monolithic, collectivist nature of Obama’s “National Discussion on Health Care Reform.” Say after me, all together now, etc.

The guy is also flooding the Internet with his “message.” Is this propaganda? Heavens no. The toxic, and intoxicated journalistic profession would say this is but a savvy use of the new technology. And isn’t it all so very groovy and cool?

In last week’s “Obama’s Politburo Of Proctologists,” I explained one fundamental difference between the private market and the “public plan”: The latter “is a subsidized plan in which prices are artificially fixed below market level. As sure as night follows day, overconsumption and shortages always ensue. If he is as smart as he thinks he is, even the smarmy president must knows that, to compete with the state, private plans and insurers cannot offer services below their real cost for long.

Private practitioners who sell their wares at a loss—are not ‘too big to fail,’ and have yet to slip between the sheets with the derriere doctor-in-chief—will be waylaid. Conversely, because it enjoys a monopoly over force, the government is immune to bankruptcy. It covers its shortfalls by direct and indirect theft: by taxing the people, or flooding the country’s financial arteries with toxic fiat currency.

Other than to indenture doctors, the overall effect of forcing professionals to provide healthcare below market prices will be to decrease the supply and quality of providers and products.

My colleague Vox Day adds the following important points:

It would not be logical if the government were competing on anything remotely resembling a level playing field. However, that’s not the case with government, which has several advantages even when it doesn’t make use of its ability to assert a monopolistic position. First, a government agency has no need to make money. Subsidized by the taxpayers and public debt, it can run at a loss for decades. It can therefore undercut private competition by any amount it chooses, thus creating demand for its services even if they are inferior. Second, a government agency is allowed to exclude itself from regulations that apply to private competitors, giving it further competitive advantages that don’t necessarily show up on the balance sheets. For example, it is highly unlikely that one could successfully sue an employee at a government health care provider for malpractice. The Supreme Court upheld the Feres Doctrine in 1950, which prevents veterans from suing any Veterans Administration physician for malpractice. So, among other things, federal health care providers would not need to carry insurance due to their so-called sovereign immunity.

Obama and logic: never the twain shall meet.

An aside: My language-loving ears were stung when I heard the man, hailed for his literary skills, say in today’s portion of the week, “her and her husband …” It’s “she and her husband,” you doofus. And then, “One of the many options we have are….” It’s “one of the many options … IS.” Hint: One is singular. I’ll remind you that the fact the Obama speaks better English than Bush means nothing at all.

Update I: Chip Reid of CBS News and Helen Thomas skewer Obama’s cackling hyena of a press secretary, Robert Gibbs, over Obama’s town hall-by-invitation. Reid explains to the Mouth what a townhall is—a free for all. Both the public and the questions for the ostensible “National Discussion on Health Care Reform” were carefully preselected and screened. My sense that this was a convention of automatons was based on the fact that indeed it was. Thomas, a historical relic herself, says that this White House is the first to conduct itself in this manner: “The point is the control from here. We have never had that in the White House. And we have had some control but not this control. I mean I’m amazed, I’m amazed at you people who call for openness …” Imagine that: Thomas, who regularly gave Bush hell, might come to miss The Shrub, as we progress down the road to serfdom.

Update II (July 2): What Thomas told CNS News (via the Glenn Beck newsletter):

“Nixon didn’t try to do that,” Thomas said. “They couldn’t control (the media). They didn’t try. “What the hell do they think we are, puppets?” Thomas said. “They’re supposed to stay out of our business. They are our public servants. We pay them.”

Thomas said she was especially concerned about the arrangement between the Obama Administration and a writer from the liberal Huffington Post Web site. The writer was invited by the White House to President Obama’s press conference last week on the understanding that he would ask Obama a question about Iran from among questions that had been sent to him by people in Iran.

“When you call the reporter the night before you know damn well what they are going to ask to control you,” Thomas said. “I’m not saying there has never been managed news before, but this is carried to fare-thee-well–for the town halls, for the press conferences,” she said. “It’s blatant. They don’t give a damn if you know it or not. They ought to be hanging their heads in shame.”

Asks Glenn (or his proxy): Does this mean Obama’s honeymoon with the press is coming to an end?

I answer (not that he’d know it): don’t count on it. The “parrot press” has a lot riding on that ass.