Health Insurers Plan Hikes
Another fine mess brought to you by the Obama administration:
Rate Increases Are Blamed on Health-Care Overhaul; White House Questions Logic.
[url]http://online.wsj.com/article/SB10001424052748703720004575478200948908976.html#mod=most_emailed_day[/url]
So, instead of reining in rates, they've actually increased [b]more[/b] than they otherwise would have. These are for the individual plans that so many here were squawking about, as well as plans for small businesses. I don't know whether the online WSJ edition includes the chart from the print edition, but several insurers broke out that portion of the rate increase directly attributable to ObamaCare [i]on top of[/i] the remaining increase.
The White House questions the insurers' logic. Here's the insurers' logic: When you mandate increased benefits, such as insurance for "children" until they're 26, no pre-existing condition exclusions, etc., etc., the cost to provide the expanded coverage goes up. Seems pretty logical to me. But, of course, Obama and his ilk can do no wrong, so obviously the insurance companies must be lying. Right. Just like the publicly traded companies who forecast that ObamaCare would cost them billions were lying, even though they were required to include these forecasts in their SEC disclosures. Everyone is lying or at fault except Obama.
Meanwhile, the cost of insurance in Massachusetts (the model for ObamaCare) continue to spiral out of control. Obviously, the folks in Massachusetts are lying, too. After all, they elected Scott Brown to fill Ted Kennedy's seat to try to fend off ObamaCare.
So, all of you who bought the free lunch that the Democrats were selling -- that ObamaCare would control costs -- were completely hoodwinked. Government has [b]never[/b] been good at controlling costs in any respect. It will be no different here. There's no free lunch.
You Just Don't Like The Number
Esten, yes the decimal was omitted in error (it is $3.27 Trillion) but the link to the website was included for "fact checking". You don't dispute the number you just make excuses as to why it is so large. Just as you don't disput the numbers listed on the CNN documentation but try to obscure the facts by blaming it on Bush. In case you have not noticed - folks are buying that bill of goods any more.
You keep referring to $787 Billion for the cost of the Stimulus / ARRA of 01/29/2009 when the true cost with all the add ons is really now at least $836 Billion; even the Democrats are using this number and not the $787 Billion you continue to refer to.
The Congressional Budget Office's website does not concur with your claim the total cost of the Stimulus is $787 over 10 years, point of fact they have revised their number upward on the cost which is still not know. I would remind you of CBO cost estimate of Medicare, after 10 years their cost estimate was under the actual cost by a factor of 10.
If you look back at previous Federal Programs which we now have the ACTUAL COST numbers for you find the Congressional Budget Office significantly under estimated nearly every one of them.
Regarding the TARP spending, there was a revision of TARP in January 2009 and the referenced TARP spending by Obama – not Bush – occurred after that revision. I make the same argument with you as Maimipro – do you contend George Bush continued the spending after leaving office and after Obama was sworn in? You surely are not trying to tell me Bush fired the GM CEO, took over GM & Chrysler, funneled more money to AIG excreta, excreta, after Obama was sworn into office. These actions were taken with TARP funds by Obama not Bush and therefore add to his spending not Bush's.
How about the Bush Tax Cuts, Democrats are abandoning Obama in such numbers his proposal is dead on arrive in the House & Senate. Even his former budget director Peter Orszag recommends continuing ALL the tax Bush Tax Cuts for at least 2 more years.
Since Obama's definition of "rich" as married couples making a combined income of over $250,000, such a position will have a severe impact on small business. Depending on the legal formation of the company (Sub C, Sub S, LLP, LLC, excreta) and the accounting method used many will have "incomes" greater than $250K even though they did not receive that much in true income. Many of my clients are about to be caught in this trap.
I make the same challenge to you as I did to Maimipro, talk to me about Obama and Democracy after Nov. 2nd, but I assume you fall into the same category of those who believe the poor, huddled, unwashed masses are too stupid to know what is best for them and need the Liberal Elite to show them the way. The Liberal Elites and their talking heads are describing the current voter dissatisfaction with government as "stupid", "temper tantrums", "immature", "childish" just to name a few. Did you catch Bill Moyer on Larry King? He makes the Liberal Elite point very well.
Better job statistics for Obama?
A link on another website turned up a story in the Augusta, Georgia [u]Chronicle[/u], about "When Augusta Licensed Its Prostitutes." (World War II)
Two useful comments followed the story:
[quote]Legalization could help President Obama with his unemployment numbers.[/quote][quote]Legalization would also help Obama with his tax revenue as they would be forced to submit tax returns rather than work for cash.[/quote]Yeah, it might help, but would the chicas have to join the SEIU?:p