Tag: Government subsidies

Obamacare’s Risk Corridor “Bailout” Just Got Bigger—Much Bigger »

Last Friday, the Obama administration quietly released 280 pages of rules that, among other things, increases Obamacare’s risk corridors (a.k.a. insurers’ bailout): We propose to implement an adjustment to the risk corridors formula..... Such an adjustment could increase a QHP issuer’s risk corridors ratio if administrative expenses are unexpectedly high or claims costs are...
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President Obama’s Investment Skills »

After the Obama administration bailed out General Motors by purchasing a 60.8% ownership share in the company for $49.5 billion, President Obama said, “We expect taxpayers will get back all the money my administration has invested in GM.” (I do like the way the president takes responsibility for the investment.) Now, the president’s administration...
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Zeke Speaks Out on McCain and Health Reform »

Normally, I don’t think Zeke Emanuel has much to say that is both true and interesting. But this insider’s view of the making of ObamaCare is fascinating. Apparently there were people inside the White House who wanted to adopt John McCain’s approach to health reform. We ended up with only a timid step in...
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Take the Money and Run? GAO Reports Significant Dropping Out of Government Electronic Health Records Program »

A previous blog entry noted that Veterans Affairs and the Department of Defense have utterly failed to execute a plan to develop an interoperable Electronic Health Record (EHR), despite five million beneficiaries receiving health benefits from both bureaucracies. Despite its inability to manage this for two closely related federal departments, the federal government decided...
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Intergenerational Transfers and Political Support for the Welfare State »

Supporters of the welfare state might see it as a mechanism for transferring income from rich to poor with the idea of helping those at the bottom end of the income distribution, but in the United States, the welfare state is increasingly transferring income from the young to the old, regardless of the wealth...
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Taxpayers Get Forked Again »

From the “you-can’t-make-this-stuff-up” file, California Assembly Speaker John A. Perez (D-Los Angeles) is sponsoring a bill to create an Office of Farm to Fork. AB 2413, which was introduced February 21, would create a new office within the California Department of Food and Agriculture to promote “healthy food access,” especially in “underserved” areas, and...
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Medicaid Madness in Maine: Will the Legislature Punish a Consultant for Reporting the Truth? »

So far, Maine has resisted the temptation to grab new federal Medicaid dollars dangled by Obamacare. However, due to relentless lobbying by hospitals and other interest groups that profit from taxpayers’ dollars, leaders in the legislature are threatening to interfere with executive authority by introducing a bill to cancel a contract with a consultant...
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Health Spending on State and Local Government Workers Has Outpaced Medicaid Spending by 20 Percent »

In a previous post I reported that health benefits for government workers cost 40 percent more than benefits for private-sector workers. This extra cost imposes a significant burden on taxpayers. Researchers at the Pew Charitable Trusts have now answered another, related question: How does spending on health benefits for state and local government workers...
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What Republicans and Democrats Don’t Understand About the Insurance Company “Bailout” »

Last week I testified before the House Oversight committee on the “risk corridors” in the (ObamaCare) exchanges. Republicans claim that this is a device to bail out the insurance companies. Democrats, in the unusual position of defending the insurance companies, actually claimed that the government was going to make a “profit” because of it....
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America’s Spymasters and Cultural Propaganda »

The U.S. intelligence community has come under fire for its mass electronic surveillance programs designed to discover what Americans talk about privately. But would it surprise anyone to learn that the nation’s spymasters have also tried to shape what Americans read? And not only disinformation they feed to credulous journalists—such skullduggery has been known...
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