Sarah B. commented on the blog post Obama Lectures Those Outraged by NSA Surveillance Programs in Speech Announcing Reforms
(Cue; Greenwald, Poitras, Gellmann, …)
Cue Glenn Greenwald? With pleasure:
Obama’s NSA ’reforms’ are little more than a PR attempt to mollify the public
Obama is draping the banner of change over the NSA status quo. Bulk surveillance that caused such outrage will remain in place.
Suffice it to say that Greenwald calls “bullshit” on Obama’s latest effort in a seemingly endless series of nothingburger speeches that sound as if they were written by the teleprompter — more platitudes, national security clichés about keeping us safe, empty bromides, false assurances, and, of course, more lies.
Sarah B. commented on the blog post Former Defense Secretary Says President Obama Had No Confidence In Afghanistan War
Remind me again why Obama felt it necessary to include Bush dynasty patrician Gates in his cabinet? And how can anyone ascribe any veracity to any communication from this inveterate liar?
Like attracts like.
Obamacare Is Now Real
I dreamed that I had wandered unwittingly into Josh Marshall’s Talking Points Memo or Digby’s Hullabaloo and encountered a post written by the Pajama Boy — Hey, more hot chocolate, anyone?
Still, on the bright side:
The Unicorn is dead, the Purists have been defeated, and the Sparkle Pony has been sent to the slaughter house and its hooves to the glue factory.
The ephemeral perfect has been forever vanquished in favor of the pragmatic “good” — or that which we are being sold (literally) as the “good” – or, the best we could hope for, or better than nothing, or what was politically feasible, or, last but not least, that it’s a start…but a start to what, exactly, remains unclear.
To President Obama and the Democrats: Thank you so much for Obamacare!
You really know how to ram it, slam it, jam it, and cram it — right down the throats of the vast majority of the American people who detest this rotten, unequal, overpriced, under-performing neoliberal medical industrial gulag — which should have been called Health Insurance Hell Plus Patient Dumping the Poor into Medicaid — and, as much as people detest Obamacare, those same people who find themselves caught in this cruel and bewildering trap will detest you even more, because you own it!
Meet the New Bosses — Aetna, Cigna, United Health Group, Wellpoint, and Humana (and their subsidiaries) — same as the Old Bosses. You can visit them Monday through Friday on the New York Stock Exchange, where they monetize your sick, ailing, and pain-ridden body and the bodies of your spouse and children to maximize profits for their shareholders.
Also, too, if the risk pools fail to meet the actuarial expectations and demands of the AHIP cartel, Obama and the Democrats have baked a $25 billion taxpayer-funded bailout of the health insurance giants (known as a risk corridor) into the Obamacare cake — it might not stop the dreaded death spiral, but it can slow it down while the Democrats find new ways to squeeze the taxpayers for more cash.
Yes, Obamacare is now real — was there ever any doubt?
PS — How about a generous shot of Woodford Reserve (or your own favorite tipple) for that hot chocolate?
Obama Needs to Become More of an Executive
Clearly, Obama needs to pardon more turkeys!
I have been rereading Zinn lately. Your point echoes him (as you likely know) on the report of the Trilateral Commission:
Guilty as charged!
I’m a huge fan of the late, great Howard Zinn and continue to miss his voice and his insights more with each passing year — and thanks for the excellent quote from A People’s History.
While Huntington is generalizing in that passage, he might just as easily be describing Barack Obama with the most exquisite precision — the writer’s cunning analysis of the presidential election formula — candidacy mode versus governance mode — is almost uncanny in its accuracy and prescience.
Those who continue to complain that Obama is incompetent have failed to fully apprehend the lavishly-bankrolled contents of the Trojan Horse that arrived in the nation’s capital in 2005, having been vetted and approved for “bigger things” by Robert Rubin and the power brokers on Wall Street and K Street.
Democrats to Push Minimum Wage Ballot Initiatives
D’oh! — 2014 is the midterm election year — it’s time for the Democrats to trumpet their favorite populist themes…yet again.
Expect to hear ad nauseum that it’s time to increase the minimum wage; it’s time to restore extended unemployment benefits for the long-term unemployed; and it’s time to restore the cost-of-living increases for retired military and disabled veterans — the cuts to veterans’ COLAs and the sunset provision on extended unemployment benefits for the long-term unemployed are measures for which the majority of Democrats in the House and Senate voted on the Murray/Ryan budget.
You would be wise to pay more attention to what Democrats actually do and try to ignore what they say — because, they will say anything to get re-elected and to save their seats for another term. And once re-elected based on promises they do not intend to keep, they will throw the rhetoric and any substantive action out the window once they return to Washington, D.C., for another cynical round of musical kabuki.
Still, isn’t that populist talk about the push for minimum wage ballot initiatives driving you wild with excitement? I don’t know about you, but I can hardly wait.
I live in an ultra-blue state with the highest minimum wage in the country, and for many people that figure still does not constitute a living wage, because the cost of living continues to outpace the stock of affordable housing, coupled with rising fares and increased cuts to public transportation, high gasoline prices, and skyrocketing food prices at the grocery store — plus a regressive 9.5% sales tax on all goods and services except for food.
PS — The last GOPer to reside in the Governor’s mansion in this state left office in 1985, and Democrats have controlled both the House and Senate for decades until a “power-sharing” arrangement (palace coup) on committee chairmanships was engineered by three renegade Blue Dog Democrats in January 2013. Still, we shall see if the Blue Dogs manage to survive the November midterm elections.
Evolution is not a fact, it is an hypothesis, meaning a theory waiting to be disproved.
Precisely. Also, I’m not sure what it means to say that fewer GOPers “believe” in evolution now than did so in 2009; whereas, more Democrats now “believe” in evolution than did so in 2009.
The theory of evolution is an hypothesis that does not invite or lend itself to belief — inasmuch as belief is based on a feeling of being sure that someone or something exists, or that something is good, right, or valuable. Science is not based on feeling, but upon the collection and examination and testing of the evidence by a process of experimentation, interpretation of the data, critical analysis, and peer review to support the particular hypothesis in question.
One either accepts the enormous scientific consensus that humans and other species evolved over time based upon the vast accumulation of evidence and critical analysis, or one does not — but feeling and “belief” should play no part in the process.
Among the seemingly limitless possibilities from which to choose, perhaps one problem with the GOPers and the Democrats derives from their inclination to “believe” or “not believe” this thing or that thing, or this politician or that, when critical analysis and rational examination of the evidence is likely to yield more accurate and satisfactory results.
I don’t “believe” in evolution or in god(s) for that matter — plus, I’m neither a Democrat nor a GOPer — but I certainly accept the hypothesis concerning the theory of evolution based upon the massive and deeply convincing accumulation of evidence and critical analysis extant that continues to inform the scientific consensus as it has done since Darwin published On the Origin of Species in 1859.
Waiting for the theory of evolution to be disproved at this point in time is analogous to waiting for Godot to make a sudden and unexpected appearance.
Wall Street Wrecks Academia
Yes, but Wall Street is not alone in its wrecking of academia with infusions of money and influence.
Wall Street is aided and abetted in ample measure by the National Football League and the National Basket League — and to a lesser degree by Major League Baseball and the National Hockey League — to function as taxpayer-funded farm teams for the national franchises via the annual draft-pick spectacle, during which the cream is skimmed off the top while the remainder is left to curdle and rot until financial aid is withdrawn, the sports scholarship is canceled, and the rejected and used-up players drop out of college without the coveted job or even a consolation prize in the form of a bachelor’s degree.
To facilitate the cynical co-opting of academia to serve the needs of the multi-billion-dollar football and basketball franchises, many state colleges and universities — and a growing number of private institutions as well — compete to attract and pay coaches upwards of $1 million per year plus extravagant perquisites, while the students, the faculty, entire departments, and the taxpayers are short-changed and shaken down to provide resources to fund the construction of larger and more luxurious sports facilities to accommodate these giant corporate welfare schemes.
Increasingly popular are the public/private partnerships entered into by the schools and high-profile corporations to fund and build expensive new stadiums, in which the public picks up the lion’s share of the tab and the private entity gets the profits in the form of generous tax breaks, positive public relations, heightened prestige, season tickets in perpetuity for the best seats in the house for the corporate bosses and their friends, and the naming rights to the facility.
But, the public/private partnership arrangements seems to work so well for the professional sports franchises, right? Well, not exactly from the public’s point of view.
Taxpayers in the U.S. spent about $10 billion more on stadiums and arenas for professional sports teams than they forecast, according to a new book by Harvard University urban planning professor Judith Grant Long, to wit:
Stadiums Cost Taxpayers Extra $10 Billion, Harvard’s Long Finds
The costs of land, infrastructure, operations and lost property taxes add 25 percent to the taxpayer bill for the 121 sports facilities in use during 2010, increasing the average public cost by $89 million to $259 million, up from $170 million commonly reported by the sports industry and media, she writes in the book “Public/Private Partnerships for Major League Sports Facilities.”
Meanwhile, the liberal arts departments in the colleges and universities languish and suffer from constant budget cuts, reductions in faculty, trimmed-down course selections, the refusal of tenure for some of the best and brightest and most talented assistant and associate professors, and the increasing use of adjunct professors (usually referred to as “instructors” when working as adjuncts) whose hard-fought and hard-won Ph.D. degrees allow them to teach one or more classes per semester or quarter at low wages and with no benefits or hope of permanent employment.
Alas, many of the adjuncts are former tenure-track professors who were denied tenure after seven (or more) years of dedication to rigorous scholastic standards for their students and the advancement of critical thinking and academic discourse in their own published and peer-reviewed articles in scholarly journals and during seminars and presentations.
But, hey, what about those Ducks and Gators and Huskies and Cougars and Bears and Bulldogs and Beavers and Timber Wolves and Wildcats and Wolverines? — and don’t forget the Crimson Tide! — because they are just so awesome…and they are brought to you courtesy of Bank of America, AT&T, Met Life, Capital One, Allstate, Southwest Airlines, Coca-Cola, and Verizon, to name but a few. So, what’s not to like?
Also, too, many of those coveted and highly-compensated early-round draft picks never complete their four-year degrees regardless of whether they become big stars and multi-million-dollars name brands in their own right or simply keep the benches warm until time to cut them at the end of the season.
The infusion of massive amounts of corporate cash and influence has all but destroyed the American political system at both the national and state levels, and the power of such corrupt influences are drawn to academia like a magnet since there exists a revolving door and pathway that runs between the government — ennobled as “public service” by the privileged participants and beneficiaries of the system — and the private sector, e.g., Wall Street, K-Street, the non-profit foundations and think tanks, and academia, and they all blend and conflate and coalesce in seamless, smooth, and effortless continuity.
Sarah B. commented on the blog post Drone Strike in Pakistan Was First to Be Launched by Obama Administration on Christmas Day
How high up does knowledge of impending strikes go? At what level is the person who says “blast ‘em”?
Does it matter? The victims of the drone strikes get blasted regardless of who gives the order, and they are just as dead in any case.
Or were you hoping beyond Hope™ that the orders to “Blast ‘em!” — the victims having been carefully selected from Obama’s Tuesday Morning Kill List — are being given by someone other than Obama?
For the victims of Obama’s targeted drone assassinations, that is a distinction without a difference.
Just ask the late Abdulrahman al-Awlaki, who was killed by one of Obama’s drones on October 14, 2011, at the age of 16. Oh, wait. You can‘t ask him, because he is dead.
Had that innocent teenager not been “taken out” by the Natural Born Killer in the Oval Office, he would no doubt be looking forward to starting college in the near future..only now he doesn‘t have a future.
Obama‘s oldest daughter Malia will turn 16 in July 2014, but I doubt that he will pause to consider the concurrence — in his mind, apparently, some 16-year-olds are more worthy of existence than others.
Sarah B. commented on the blog post Americans Think This Is the Worst Congress They Ever Witnessed
Americans Think This Is the Worst Congress They Ever Witnessed
CNN Poll: GOP has edge in early midterm indicator
Washington (CNN) – Democrats have lost their advantage and Republicans now have a slight edge in the battle for control of Congress, according to a new national poll.
A CNN/ORC International survey released Thursday also indicates that President Barack Obama may be dragging down Democratic congressional candidates, and that the 2014 midterm elections are shaping up to be a low-turnout event, with only three in 10 registered voters extremely or very enthusiastic about voting next year.
Two months ago, Democrats held a 50%-42% advantage among registered voters in a generic ballot, which asked respondents to choose between a Democrat or Republican in their congressional district without identifying the candidates. That result came after congressional Republicans appeared to overplay their hand in the bitter fight over the federal government shutdown and the debt ceiling.
But the Democratic lead evaporated, and a CNN poll a month ago indicated the GOP holding a 49%-47% lead. The new survey, conducted in mid-December, indicates Republicans with a 49%-44% edge over the Democrats. (Emphasis added)
It is also worth noting that 54% of female voters chose the Democratic candidate in October; 53% pick the Dem now. But, among male voters, support for Democratic candidates has gone from 46% in October to just 35% now — a drop of 11 points among male voters is significant.
Another GOP advantage is Obama’s diminished standing with the public — 55% of registered voters say that they are more likely to vote for a congressional candidate who opposes the President than one who supports him, with only four in 10 saying they are likely to vote for a candidate who supports Obama.
And voter enthusiasm?
Democratic voters seem particularly unenthusiastic about voting, which is likely to benefit the GOP — 36% of Republicans say they’re extremely or very enthusiastic about voting, but that number drops to 22% among Democrats.
CNN’s polling director cautions that numbers like those reflected in the referenced poll spelled early trouble for the Democrats before the 1994 and 2010 midterms, and for the GOP before the 2006 elections.
This latest CNN poll offers only a snapshot of current public opinion, and it’s still early days in the run-up to the 2014 midterm elections. So, we shall see.
Sarah B. commented on the blog post Today is the New Deadline to get January Coverage via HealthCare.gov
Those town hall events/ tar and feather gatherings are gonna make the death panel shenanigans look quaint.
If my member of the House holds any town hall meetings this summer, I’m going to show up carrying a bucket of tar in one hand and a large basket of feathers in the other, because I want to show this long-serving famously “liberal progressive” Democrat — who voted for Obamacare after years of acting as the champion of HR 676 and swore that he would vote No! on any bill that did not contain a robust public option and negotiated drug prices and who has been shilling for Obamacare ever since — what it feels like to be tarred and feathered from the real Left.
On second thought, maybe a torch and pitchfork would work just as well — in any case, both options are under consideration — because fake-liberals (most members of the Progressive, Black, and Hispanic Caucuses) and fake socialists (Bernie Sanders) need to be put on notice that their populist pandering, especially during election years while continuing to vote for the status quo, is no longer viable because we know it’s all bullshit!
Sarah B. commented on the blog post Today is the New Deadline to get January Coverage via HealthCare.gov
Behold, I bring you tidings of great joy….
By Robert Pear — December 24, 2013
White House Again Stretches Health Care Sign-Up Deadline
WASHINGTON — The Obama administration said Tuesday that it would provide more time for people to sign up for health insurance if they could show that they missed the Tuesday deadline for applications because of problems with the federal health care website.
In effect, the administration was stretching the deadline once again, after a last-minute surge of interest among people seeking coverage. The administration hailed what it described as “amazing interest” in new health insurance options and said the federal website alone received “two million site visits” on Monday.
The original deadline was Dec. 15 for people to sign up for coverage that takes effect in January; it was later extended by eight days. On Monday, the White House added a 24-hour grace period, to 11:59 p.m. on Tuesday.
Then on Tuesday, in another bid to expand coverage, the administration provided details of a “special enrollment period” for people who would miss the deadline. (Emphasis added)
“If you weren’t able to enroll in an insurance plan by Dec. 23 because of problems you had using HealthCare.gov, you still may be able to get coverage that starts Jan. 1,” the administration told visitors to the website. “Even though we have passed the Dec. 23 enrollment deadline for coverage starting Jan. 1, we don’t want you to miss out if you’ve been trying to enroll.
“Sometimes despite your best efforts, you might have run into delays caused by heavy traffic to HealthCare.gov, maintenance periods, or other issues with our systems that prevented you from finishing the process on time. If this happened to you, don’t worry — we still may be able to help you get covered as soon as Jan. 1.”
Now, please do try to contain your mirth.
Alas, the real money quote offered a stark jolt of reality:
Some 48 million Americans are estimated to be uninsured.
We are now just three months short of four years since President Ponzi signed his “signature” legislation — some 48 million Americans are estimated to be uninsured — an estimated 5.9 million people have received cancellation letters from their health insurance providers to date as the direct consequence of Obamacare, and many others who have managed to navigate the gulag of the Obamacare.gov website or the dysfunctional state-based exchanges report that they are paying higher premiums, much higher deductibles, and co-pays not just for doctors’ visits but for testing and lab work as well, with narrow networks that don’t include their doctor, or do include their doctor but not the hospital where he or she has admitting privileges. D’oh!
Plus, an alarming number of people report that they can’t afford the Obamacare plans even with the meager subsidies. And, of course, increasing numbers of the poor and vulnerable are being dumped into Medicaid, where they will be lucky just to find a doctor who will treat them — but, hey, it’s better than nothing for the poors, right?
Still, you gotta love that upbeat White House happy talk — ”We don’t want you to miss out if you’ve been trying to enroll.”
“We don’t want you to miss out…”?!
Just shoot me.
Sarah B. commented on the blog post Today is the New Deadline to get January Coverage via HealthCare.gov
Today is the New Deadline to get January Coverage via HealthCare.gov
This post reads like an infomercial beamed in directly from Obamacare Central.
Today is the new deadline to select a health insurance plan via Healthcare.gov if you want your coverage to start January first.
The deadline was supposed to be Monday but the Obama administration extended it by 24 hours because heavy traffic was hampering some people’s attempts to use the site and the administration wants to do everything possible to maximize the early enrollment numbers.
If you want to be covered starting at the beginning of next year you need to choose a plan by the end of today. You don’t technically need to pay the first premium though until January 10th to be covered starting on the first. The insurance industry has given people an additional 10 day grace period for this first month.
Given the system is still experiencing back end problems I would definitely recommend against waiting until the 10th to make your first premium payment. After selecting a plan you should try contacting your insurer to make sure everything is correct.
The open enrollment period goes until March, which is also when the individual mandate penalty starts. So if you are not in a hurry to get coverage you still have another three months to select a plan.
A PSA filled with Obamacare useful helpful hints.
Also, too, reports of “heavy traffic” on the Obamacare.gov website — sometimes it’s difficult to deal with so much good news all at once. Hence, I must pace myself and try to exercise restraint.
Finally, to those who are seriously in need of obtaining “affordable” health insurance from the same private for-profit corporate vultures who invented the pre-existing condition, recision, lifetime caps, deductibles, co-pays, the most expensive prescription drugs on the planet, and HMOs, you have my sincere empathy and best wishes in your quest. Good luck.
Suffice it to say, we needed and deserved so much better from Obama and the Democrats — we needed for them to make optimum use of their huge majorities in the House and Senate, plus a nominal Democrat in the White House, to tackle the genuine health care crisis facing this country on election day 2008.
PS — We needed and deserved Affordable Health Care — and all we got was Obamacare, a bait-and-switch Ponzi scheme with a mandate to purchase and deadlines, lots and lots of deadlines…the fines come later.
Once again, thanks so much for the response. Also, too, you have just presented the only ray of light in the chasm of darkness that is Obamacare — Go Greens! I am sure you are aware that the voters in Seattle have just elected Kshama Sawant, a genuine socialist, to a seat on the Seattle [...]
Many complaints about Obamacare are actually complaints about America’s health care system.
That argument offers a distinction (and a distraction) without a difference. Obamacare is inseparable from America’s health care system — if you can call our ad hoc scheme of medical apartheid a system at all — and what Obama and the Democrats have created is [...]
It’s throwing people under the bus….
Obamacare perpetuates and enshrines the American system of medical apartheid — high-quality health care for the affluent, who can afford to pay the high premiums and deductibles and co-pays for a platinum or gold plan with a broad and generous choice of doctors and hospitals…and the middle class, who can expect substandard overpriced health insurance policies with huge out-of-pocket costs and limited choices of doctors and hospitals in silver and bronze plans even with subsidies…and, finally, medical bantustans under Medicaid for the poorest and most vulnerable, who will continue to languish for a doctor who will agree to see them as patients.
Medicare for those over the age of 65 will continue to suffer death-by-a-thousand-cuts until Obama and the Democrats — with ample and eager help from the GOPers — do their best to destroy the program as a way to silence the cries for “Medicare for All.”
But, on the bright side, according to the latest Oval Office Decree:
If you like your crappy “junk” insurance plan, and if the Obamacare plans are so unaffordable that they pose an economic hardship — increasingly a feature, not a bug — you can now keep your crappy “junk” insurance plan!
Whatever will the Obama Crime Family think of next?
Stay tuned, and read the fine print.
Obama Delays Individual Mandate for Some
Deadline? What Deadline? The Obamacare Sign-up Dates Keep Moving
You aren’t alone if you’re confused about the deadline to sign up for coverage on the health insurance marketplaces. The deadline is — and has been — in flux.
When the process began in October, consumers using HealthCare.gov, the federal marketplace for 36 states, had until Dec. 15 to pick a plan if they wanted coverage that begins Jan. 1. But because of the well-publicized glitches with the website, federal officials last month extended that deadline until Dec. 23. (Emphasis added)
Then, last week, the U.S. Department of Health and Human Services sought to delay another key deadline, the date by which consumers have to pay their first month’s premium. As it stood, payments had to be received before coverage began (so, by Dec. 31), but HHS asked insurers to be flexible. (Emphasis added)
On Wednesday, health insurance companies obliged, extending the payment deadline to Jan. 10 instead of Jan. 1. (Emphasis added)
So where does this leave folks? It’s still not totally clear.
But wait! There’s more!
The Obamacare state-based exchanges are changing their deadlines, too:
Here’s an excerpt from Wednesday’s Seattle Times about Washington’s deadlines:
Wash. state extends deadline for health insurance
Washington residents who have started but not finished their applications for insurance through the state’s new health care exchange are getting a deadline reprieve, state officials announced Wednesday.
Anyone who begins an application before the previous deadline of Dec. 23, will get as much help as they need to finish and won’t face a real deadline until Jan. 15, said Michael Marchand, spokesman for the Washington Health Benefit Exchange.
“The most important thing I want people to do is to take the action to get that application started. We can work with them at that point,” Marchand said Wednesday.
All of those dates could still change, so if you are in need of coverage, it’s best to ask questions early and often.
Officials at the Washington Health Benefits Exchange were expecting a spike in completed enrollments in December. Their goal is to have 130,000 people buy private insurance in time to have coverage on Jan. 1, but unless they can turn around and complete most of the applications begun so far, that goal will not be met.
It is worth noting that before Obamacare went into effect, an estimated 1 million residents of Washington State did not have health insurance — and, since October 1st, 290 thousand Washingtonians have received cancellation letters from their health insurance companies.
The state has spent $150 million over the past two years to create the exchange and the website, which has been dysfunctional for long periods of time since its October 1 launch and was down completely during the first two weeks of December. Moreover, the exchange will cost the taxpayers $50 million each and every year to administer, with estimates that the administrative cost will increase to $55.7 million per year by 2017.
Consequently, Obamacare has cost the State of Washington $150 million to set up the exchange, plus $50 million per year, year over year, for administrative costs, to insure an estimated 1 million residents, the majority of whom are eligible for Medicaid based on the number of enrollees extrapolated from the disproportionate number of completed Medicaid applications versus the pay-to-play purchasers of Obamacare plans thus far.
Just imagine if all that money had been spent to provide genuine doctor/patient health care for the people of this state who need and deserve it — what an amazing concept!
Obamacare is waste, fraud, and abuse writ large. Period!
Sarah B. commented on the blog post Patty Murray Continues To Run From Her Own Budget Deal
Does the unseen hand leave a mark?
Yes, the “unseen hand” leaves a mark — an indelible mark in the form of a permanent scar.
But, it leaves no footprints….
Sarah B. commented on the blog post Young People Are Not Really That Important to the ACA
Young People Are Not Really That Important to the ACA
The study cited appears to be the latest iteration of the “experts estimates” offered this time by the Kaiser Family Foundation — a seemingly neutral nonprofit foundation that never questions the primacy of the private for-profit health insurance cartel that controls American health care — as yet another attempt to put a positive spin (however feeble) on Obamacare to convince us that, against all odds and math and logic, it will work!
Even the neoliberal architects of Obamacare, Jonathan Gruber and Zeke Emanuel, have stated that if young people don’t sign up in sufficient numbers, then an adverse selection “death spiral” is a very real possibility.
Granted, it may not occur for the first three years due to the risk corridor provision of Obamacare — “risk corridor” is clever actuarial obscurantism for taxpayer-funded safety net and/or front-end bailout for the health insurance companies that is already baked into the Obamacare cake — but, after that, the insurance companies are on their own and no longer get taxpayer support.
If insurance companies are losing money at that point due to adverse risk selection they will drop out of the market (as many already have including Aetna, United Health and Cigna) and the whole thing collapses.
Note the conclusion of the Kaiser Family Foundation study:
The Numbers Behind “Young Invincibles” and the Affordable Care Act
From the perspective of keeping insurance premiums stable, how enrollment is distributed by health within each age group is, in fact, more important, since premiums cannot vary at all by health status under the ACA. In other words, the goal is to enroll healthy as well as sick young adults, and also healthy older adults. (Older adults are more likely to be sick than younger people, but that is mostly accounted for by the fact that premiums can vary by age.)
However, questions about health and pre-existing conditions are no longer asked on insurance applications, so we will not know for quite a while whether sicker people are enrolling at a higher rate than healthier people. If they do, there are some “shock absorbers” built into the system, including risk corridors (where the federal government shares financially in an insurer’s gains or losses beyond a specified range) and reinsurance (where the federal government covers a portion of the cost for people with high health expenses). (Emphasis added)
Achieving a balanced risk pool in the individual insurance market will help to make it an attractive market for insurers and keep premiums down over time. Conversely, enrollment of a disproportionate share of older and sicker people will tend to drive premiums up. However, premiums are not as sensitive to the mix of enrollment as fears about a “death spiral” suggest, particularly with respect to age. It is important to attract the “young invincibles,” but maybe with a greater focus on the “invincible” part. (Emphasis added)
Of course, the word “invincible” here means fantasy young people who don’t get sick and never go to the doctor or seek medical services and cost the insurance company nothing, while the health insurance cartel feasts on the monthly premiums paid into their coffers each month on a timely basis to feed the Giant Tape Worms known as AHIP and PhRMA.
Barack Obama is the greatest liar and confidence man since Charles Ponzi — Period!
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