The Financial Stability Oversight Council (FSOC), the unelected oversight group created by the Dodd-Frank Act to monitor and regulate firms deemed to pose systemic risk to the economy (ie. “too big too fail”), has decided begun to expand its remit beyond what even the law’s authors had imagined.
Today, the Manhattan Institute re-released its Obamacare Interactive Map. The map is one of the most comprehensive and useful tools for people looking to determine how Obamacare will affect their healthcare premiums. Presenting data by county, individuals can see just how costly the “affordable” care act is going to be.
For every 100 mortgages being sold in the United States these days, at least 95 of them have government backing. We’re told America has a free-market economy? Not judging by the government’s involvement in housing, arguably the most important market there is. Most people can go years without needing health care. A healthy adult can go weeks without food. We cannot go one day without needing shelter.
The Barack Obama Administration is back at it — yet another big government power grab is in the works. The Administration’s Federal Communications Commission (FCC) again resurrecting Network Neutrality — an all-encompassing Internet usurpation twice unanimously killed by court as an illegal overreach.
I don’t agree with the New Republic’s Jonathan Cohn very often, but in a recent article he said, “everybody should be cautious about making firm pronouncements about how the Affordable Care Act is doing.” Amen to that.
Of course, Mr. Cohn can’t help himself. He uses that reasonable statement as a launching pad for attacking, “…Cruz, Barrasso, and all the other hard-core Obamacare opponents on the right.” He just can’t imagine why these people might be skeptical of Administration claims about enrollment.
Ezra Klein recently released a 2-minute clip explaining the need for individual mandates under Obamacare. Man, does that guy talk fast!
Mr. Klein gets most of his explanation about right, with one big exception. He says that a family making $80,000 a year will (eventually) be penalized $2,000 for failing to buy coverage — “less money than health insurance will usually cost you, but you don’t get anything for that money,” he says. Uh, that’s understating things quite a bit. A family insurance policy costs $16,351 according to the most recent employer benefits survey from the Kaiser Family Foundation.
Health insurance is the most important thing on the face of the earth — more important than food, more important than clothing, or housing, or a job, and certainly more important than cell phones and cable TV, according to the President.
With this contemptuous attitude towards the people the elite is trying to “help” perhaps it is not surprising that the helpees are not behaving the way the helpers would like them to. Amy Goldstein writes in the Washington Post that “Health insurance marketplaces (are) signing up few uninsured Americans…”
That is what our system needs. Not third-party payers who know they can always raise premiums to cover these ridiculous costs so never bother to argue, but engaged (and sometimes enraged) consumers who refuse to be treated like patsies.
Now that the Congress has passed the Orwellian monstrosity that is Obamacare — and Ms. Pelosi and the rest of us have found out what’s in it —President Obama’s rhetorical “guarantees” have proved as phony as a three-dollar bill.
Ezra Klein has a lengthy piece taking apart my post from last July concerning the media’s oft-repeated “Republicans Have No Obamacare Replacement” myth. I’m glad he’s engaged on this point,[...]
If you’re not regularly visiting the Heartlander digital magazine, you’re missing out on some of the best work from The Heartland Institute, one of America’s most influential free-market think tanks. Heartland[...]
You’re a reader of this blog, so you are a part of the conversation at The Heartland Institute, one of America’s most influential free-market think tanks. The posts here reflect the exchange[...]
You’re a reader of this blog, so you are a part of the conversation at The Heartland Institute, one of America’s most influential free-market think tanks. The posts here reflect the[...]
President Barack Obama is becoming his own worst enemy when it comes to keeping his promises. His repeated campaign promise to lower health insurance premiums by $2,500 by the end[...]
After largely sitting out the pitched political battle that has been waged over flood insurance reform virtually since the moment the last long-term authorization of the National Flood Insurance Program was signed[...]
President Obama spoke proudly of his health care overhaul and its ability to adapt to consumer needs when he stated: ” If you like the plan you have you can[...]