Medicare

Largest US Health Insurer Exits California, Illinois Obamacare Markets

Earlier today, UnitedHealthcare continued sounding the deathknell for Obamacare , when it first announced that it would stop offering Affordable Care Act plans in Illinois in 2017 followed promptly by news the company was also abandoning California at the end of the year as well.

The Task Confronting Libertarians

If libertarians lose on the inflation issue, they are threatened with the loss of every other issue. If libertarians could win the inflation issue, they could come close to winning everything else. If they could succeed in halting the increase in the quantity of money, it would be because they could halt the chronic deficits that force this increase. If they could halt these chronic deficits, it would be because they had halted the rapid increase in welfare spending and all the socialistic schemes that are dependent on welfare spending. If they could halt the constant increase in spending, they could halt the constant increase in government power.

ObamaCare Isn't Working - These Five Charts Show Why

Six years ago, President Barack Obama signed the Patient Protection and Affordable Care Act into law. Since then, Americans have seen their premiums increase, a dozen nonprofit insurers have closed their doors and the number of people on the Medicaid rolls has expanded. Americans nationwide have both praised and cursed the law since the federal and state-run exchanges launched in October 2013. Here are five graphs charting Obamacare’s six-year history...

The Dreadful Kagan Clan - Hillary's Warmongers-In-Waiting

Not only does Hillary Clinton insist that social security benefits are sacrosanct and actually need to be increased, along with lowering the Medicare age to 50 years, she also insists that Washington remain the world’s policeman and imperial hegemon. In a word, a Clinton presidency would mean Big Government on both sides of the Potomac - a combined Warfare State and Welfare State that would positively bankrupt the nation during the next decade.

Illinois State Workers, Highest Paid In Nation, Demand Up To 29% Wage Hikes

Illinois state workers are the highest paid in the nation. Yet, despite the fact that Illinois is for all practical purposes insolvent, the AFSCME union demands four-year raises ranging from 11.5 to 29 percent, overtime after 37.5 hours of work per week, five weeks of vacation and enhanced health care coverage.

Are Property Taxes A "Wealth Tax" On The (Mostly) Non-Wealthy?

As pensions dry up and blow away under the relentless erosion of the Federal Reserve's zero-interest rate policy (ZIRP), unaffordable property taxes may well start evicting homeowners from the "asset" they mistakenly thought they "owned." If your Social Security pension can barely pay your property tax, never mind your Medicare, healthcare costs, food and other living expenses, then what exactly do you own? If politicos and tax authorities think people will passively watch their neighbors lose their homes to sky-high property taxes, they will soon discover their mistake.

Welcome To 1984

The artifice of corporate totalitarianism has been exposed. The citizens, disgusted by the lies and manipulation, have turned on the political establishment. But the game is not over. Corporate power has within its arsenal potent forms of control. It will use them. As the pretense of democracy is unmasked, the naked fist of state repression takes its place. America is about—unless we act quickly—to get ugly. “Our political system is decaying,” said Ralph Nader. “It’s on the way to gangrene. It’s reaching a critical mass of citizen revolt.”

Trumped! Washington's Fiscal Hypocrisy Is Too Rich For Words

You have to love it when one of Donald Trump’s wild pitches sends the beltway hypocrites into high dudgeon. But his rumination about negotiating a discount on the Federal debt was priceless. No sooner did the 'unschooled' Trump mention out loud what is already the official policy of the US government than a beltway chorus of fiscal house wreckers commenced screaming like banshees about the sanctity of Uncle Sam’s credit promises.

Another Headline Head Fake - The Consumer Can't Save The U.S. Economy

At the end of the day, the seasonally maladjusted data for April retail sales amounts to no more than a swiggle in the larger trend. To wit, consumption spending financed by the growth of transfer payments and household borrowing is coming up hard against Peak Debt, while tepid growth in wage and salary income remains hostage to a domestic economy plagued with structural barriers to growth, an aging business cycle and a gathering global recession from which it is not remotely decoupled. So contrary to Reuters and its Keynesian quote standbys, it is not true that “the demise of the U.S. consumer have been greatly exaggerated”. Actually, it can be hardly exaggerated enough.

Obamacare Rules Change Opens Door For State Bailouts

Under Obamacare, the government spent $2.4 billion creating 23 non-profit healthcare cooperatives which were intended to help drive down health insurance costs through competition with for-profit companies. 12 of the 23 co-ops lost so much money that they had to shut down, and the remaining 11 lost a combined $400 million last year; and so the Obama administration is changing the rules midstream so that the remaining 11 co-ops can have state governments place officials on their boards of directors, and make it easier to attract outside investors. Said otherwise, the moves ultimately make a state bailout possible.

Trumped! Why It Happened And What Comes Next, Part 3 - The Jobs Deal

Donald Trump’s patented phrase “we aren’t winning anymore” lies beneath the tidal wave of anti-establishment sentiment propelling his campaign and, to some considerable degree, that of Bernie Sanders, too. What’s winning is Washington, Wall Street and the bicoastal elites. But most of America’s vast flyover zone has been left behind. Thus, the bottom 90% of families have no more real net worth today than they had 30 years ago and earn lower real household incomes and wages than they did 25 years ago. Needless to say, the lack of good jobs lies at the bottom of the wealth and income drought on main street, and this week’s April jobs report provided still another reminder.