Tag Archives: Economics

Health Insurance Premiums Continue To Rise Under Obamacare

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“Yesterday the Department of Health and Human Services (HHS) released a report that claims to highlight how Obamacare is working for Americans—but in reality, it actually shows how the law has fallen short of candidate Obama’s promises. If a picture is worth a thousand words, then one chart in the report tells the tale. Figure 3 of the HHS report (below) highlights what happened when insurers requested to increase premiums by more than 10 percent—triggering a new rate review process established under Obamacare. While some of these premium increases were modified or withdrawn, nearly three in five (57.8 percent) were approved ‘unmodified’ by regulators.”

http://blog.heritage.org/2013/09/13/obamacare-is-not-saving-americans-money/

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Is It Time to Feel Sorry for the President and other Obamacare Supporters?

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“It must not be fun having to explain to people that their private financial and medical information will now be in the hands of some of the least competent people in America.  Or imagine what it must be like when some of your biggest allies start complaining about the law. Such as union bosses.  Or government bureaucrats.  And what about stories about cost overruns.  And how about all the bad news about limited choice in the infamous Obamacare exchanges.  Or rising insurance costs.  Our privacy will be compromised, our choices will be limited, our costs will increase, and the government will squander more of our money. All for a law that even left-wing groups are learning to despise.”

http://danieljmitchell.wordpress.com/2013/09/14/is-it-time-to-feel-sorry-for-the-president-and-other-obamacare-supporters/

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The Left’s New Attack on Self Insurance: Obamacare Sleaze?

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“It starts with a brief description of the ERISA law that allows self insurance – including the fact that those who self insure escape the costly and corrupt state-level mandates that cause regular insurance policies to be needlessly expensive.  While ERISA traditionally was something that only big firms could utilize, many small employers are now looking at self insurance as a way of providing health insurance to their employees without getting dragged into the costly swamp of Obamacare.  Needless to say, the left is unhappy about this development because Obamacare only ‘works’ if a large amount of people are forced to join the infamous exchanges.”

http://danieljmitchell.wordpress.com/2013/09/13/is-the-lefts-new-attack-on-self-insurance-an-example-of-obamacare-sleaze-and-corruption-or-an-example-of-why-government-run-healthcare-doesnt-work/

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The Attack on U.S. Property Rights Continues

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“If Mayor McLaughlin delivers on her threat, banks will view mortgage lending in Richmond as a riskier investment. As a result, banks will make it harder to get loans in Richmond by requiring higher down payments to minimize the risk of the mortgage going underwater. They will also likely demand higher interest rates to compensate for the increased risk of lending in that market.  According to Wells Fargo, Newark (NJ), North Las Vegas, El Monte (CA), and Seattle are all considering similar plans. Taken together, they will further contribute to the decline in the security of property rights in the United States and further jeopardize our economic prosperity.”

http://www.independent.org/newsroom/article.asp?id=4712

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UN report: Afghan insurgents use marijuana fields as hiding places

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“The amount of Afghan farmland planted with cannabis fell by nearly a fifth last year after one province launched a fierce eradication campaign, but a bumper crop meant that actual production rose compared with 2011, according to the UN.  Overall Afghanistan produced 1,400 tonnes of commercial cannabis resin in 2012, worth around $65 million, the report estimated. Government efforts to stamp out poppy farming may even push up production of cannabis, the report warned. Last year the UN said Afghanistan’s importance as a source of resin for world markets might be growing as more farmers switched to the crop.”

http://www.rawstory.com/rs/2013/09/10/un-report-afghan-insurgents-use-marijuana-fields-as-hiding-places/

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What You Don’t Know About Immigration Can Hurt You

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“With respect to immigration, let’s allow anyone who wishes to move here with the provision that they are ineligible for tax-funded government benefits. Presto: armies of foreign-born ‘net tax producers.’  Keeping immigrants out will also cost us liberty as well as money. What invasions of privacy are we willing to countenance in order to prevent people from living and working here? We’re slowly and steadily crushing businesses under ever-heavier regulatory burdens. What will happen when we tell them ‘here’s a new stack of immigration rules’?  Immigration restrictions might be good populist politics, but they are lousy economics.”

http://www.forbes.com/sites/artcarden/2013/09/06/what-you-dont-know-about-immigration-can-hurt-you/

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The First Step to a Free Detroit: Let Them Work

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“What might the ordinary people of Detroit achieve if all barriers to the free use of their labor were removed? What if taxes were eliminated, allowing workers to keep all of their pay?  We could expect the early emergence of personal services, such as hairdressers, barbershops, cleaning services, home maintenance, babysitting, etc. If capital has confidence that it can be protected, then next we could expect to see small scale capital-intensive enterprises spring up, such as food vendors, private taxis, bodegas, and tobacco shops. If these are allowed to flourish, then we could expect to see larger capital intensive enterprises arise, such as small scale factories.”

http://mises.org/daily/6526/The-First-Step-to-a-Free-Detroit-Let-Them-Work

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Even Ivy Leaguers default on student loans

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“Default rates can be more helpful to students who attend less selective colleges, including public and private schools that have less free aid to give out where thousands of students end up using loans to pay tuition. In general, a college with a double-digit three-year default rate can be a red flag for students, since it suggests that a significant number of former students are having difficulty repaying their loans. Another reason why several of these schools, including MIT and California Institute of Technology, have low defaults is that they have a large number of students in majors with low unemployment rates when they graduate.”

http://www.marketwatch.com/story/even-ivy-leaguers-default-on-student-loans-2013-09-11

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Obama’s College Affordability Scheme Gets an ‘F’

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“Colleges have raised tuition prices and let costs run amok for decades — all the while directing more of their own institutional aid to students from wealthier families. Still the federal aid just kept coming.  If colleges had instead used financial aid to improve affordability, a college degree would cost about $3,500 less.  Instead, colleges seem to be pouring more money into administrative bloat.  Americans should learn from our experience with No Child Left Behind, which added nearly 8 million additional administrative hours at a cost of more than $235 million annually to K-12 education. Colleges will face similar additional red tape under Obama’s College Scorecard scheme.”

http://www.independent.org/newsroom/article.asp?id=4711

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A Measure of Our Impoverishment (Which They Hope You Haven’t Noticed)

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A Measure of Our Impoverishment (Which They Hope You Haven’t Noticed)

“The federal government can fudge – can outright lie – about the various indicators of economic health. Can shift perceptions of reality. But reality can’t be dismissed so easily. If it takes more dollars to purchase cocoa or sugar then the price of a Creme Egg or chocolate bar has to increase commensurately in order to maintain the same equilibrium between the cost to make the item and the profit it earns. When the economy is flooded with funny money, the value of a given thing remains the same but its apparent cost increases. It takes more sheaves of funny money to buy the same item. This is inflation.”

http://ericpetersautos.com/2013/09/11/measure-inflation/

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