Medicare

Trump May "Stop Enforcing Obamacare's Individual Mandate"

Speaking on ABC's "This Week" program, Kellyanne Conway, counselor to the president, said Donald Trump "may stop enforcing the individual mandate." The announcement takes place two days after Trump signed an executive order seeking to "to ease the burden of Obamacare as we transition from repeal and replace."

Two More Major Problems For Social Security & Medicare

The healthcare system has been broken to the point that physicians now have a greater incentive to fire their Medicare patients than to treat them. One Florida-based physician summed up the situation like this: “I have decided to opt-out of Medicare, acknowledging that I can no longer play a game that is rigged against me; one that I can never win because of constantly changing rules, and one where the stakes include fines and even potential jail time.”

Trump Promises "Insurance For Everybody" In Obamacare Repeal

"We’re going to have insurance for everybody.  There was a philosophy in some circles that if you can’t pay for it, you don’t get it. That’s not going to happen with us.  It’ll be another plan. But they’ll be beautifully covered.

 

Just 3 Things

Importantly, with economic growth anemic, consumers stretched and an economy heading into one of the longest post-recessionary expansions on record, there is little room for a policy misstep at this juncture. Maybe Trump will be wildly successful and the economy will come roaring back. That is a possibility. But there is also the risk it won’t. Optimism is one thing. Your personal capital and financial health is quite another.

Obama Accuses Sanders Supporters Of Undermining Obamacare

In addition to blaming Republicans for the imminent repeal of his siganture healthcare law, Obama also said Liberals like former Democratic presidential candidate Senator Bernie Sanders had contributed to the program's unpopularity. "In the 'dissatisfied' column are a whole bunch of Bernie Sanders supporters who wanted a single-payer plan," Obama said during a Friday town hall event with Vox Media.

Dead Unicorn Walking? Theranos Fires Another 40% Of Staff

In October we noted that the death of Theranos has been long coming - ever since the WSJ' John Carreyrou did a phenomenal job, starting about one year ago, of exposing the fraud that is Clinton Global Initiative-darling Elizabeth Holmes - but now following the second round of massive job cuts, it appears the final nail in the coffin of this 'fake news' unicorn is being struck. As Bloomberg reports, the startup will eliminate 155 more positions, leaving 220 employees (down over 70% from highs).