Tag: Government subsidies

Can Obama Bail Out the Health Insurers? »

Beacon readers are ahead of many other witnesses to the Obamacare train wreck, having had the benefit of my November 7 blog post explaining the “risk corridors” by which the taxpayer will subsidize health insurers who lose money in the Obamacare health-insurance exchanges. That blog post argued that health insurers are in a pickle,...
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Pelosi Caught on Obamacare Lies »

On the November 17th edition of “Meet the Press,” NBC’s David Gregory admirably confronts Nancy Pelosi, having been a key architect and political organizer for Obamacare as House Majority Leader, regarding her June 10, 2009, MSNBC TV-interview statement that, “What we are talking about is affordable, quality, accessible healthcare for all Americans. It’s about...
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Tattering the Safety Net »

Here is irony: the people who talk the most about the need for a social safety net (including the president himself!) are cheerleaders for a health reform that is going to shred it. How is that happening? By means of the Affordable Care Act (Obamacare). Through the Medicare and Medicaid programs, the federal government...
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Scary Movie Medicare Edition: We Pay Dead People »

A new report from the U.S. Department of Health and Human Services’ Office of Inspector General finds that it pays to be dead. As the OIG explains: Prior OIG studies and audit reports have identified Medicare payments made on behalf of deceased beneficiaries. ... We identified Medicare beneficiaries who, according to the Social Security...
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My Limited Experience with Obamacare »

I confess I don’t know much about Obamacare. Like the legislators who passed it, I have not read the law, and I’ve had some discussions over lunch with my colleagues where we disagreed about how the insurance exchanges offered coverage and what options were available to people who wanted it. I get my health...
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Death Spirals »

A death spiral occurs when pricing in an insurance market spins out of control. If an insurance pool turns out to be more expensive than originally thought, the insurer must raise its premiums. As the premium rises, some healthy people drop their coverage. With a sicker group of enrollees, the average cost per enrollee...
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New Book Exposes the ‘Terrible 10′ Worst U.S. Economic Policy Mistakes »

Despite enjoying impressive economic growth over the past century, Americans have also been the victims of scores of stupid government mistakes that have made them poorer. For many the blunders led only to temporary setbacks, but for others the errors created life-altering disasters from which they never recovered. In the new book The Terrible...
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Nancy Pelosi Flunks the Preschool Test: More Government Is Not the Answer »

When releasing the “Economic Agenda for Women and Families,” Democratic Leader Nancy Pelosi claimed that America has an early child care and education “crisis” that threatens our economy. Her solution is to adopt President Obama’s Preschool and Early Head Start/Child Care Initiative, and create universal government-run child care for all three- and four-year-olds. A...
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U.S. Healthcare Spending: Out of Control »

At last count, the United States was spending more than $8,000 a year on healthcare for every man, woman, and child in the country. That’s more than $24,000 for a family of three, and it represents almost one-fifth of all consumption spending. Is it necessary to spend this much? If not, why are we...
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Time for Taxpayer Protections on California Transportation Projects »

The new span of the San Francisco-Oakland Bay Bridge is $5 billion over its original budget and nine years past its initial completion date. Such massive cost overruns and delays have shocked the public but one key question never gets asked, or answered: Why should taxpayers be on the hook for overruns? They shouldn’t,...
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