Daily Archives: March 13, 2013
Here are today’s statistics on the state of the economy:
February retail sales surged a strong 1.1%, with sales ex-autos up 1.0, and sales ex-gas and autos up 0.4%.
Oil prices caused a 1.1% surge in February import prices, while export prices rose 0.8%. On a year-over-year basis, export prices rose 1.5% while import prices fell -0.3%.
Business inventories rose an unexpected 1.0% in January, driving the stock to sales ratio up to 2.9, the highest of the recovery.
The MBA Reports mortgage applications fell -4.7% last week, with purchases down -3.0% and re-fis down -5.0%.
I have to agree with Thomas Sowell who opined early on, and I’m paraphrasing here, “who would believe that adding a layer of government bureaucracy to healthcare would somehow make it less costly?”
Exactly. Or easier to get, for that matter?
Applying for benefits under President Barack Obama’s health care overhaul could be as daunting as doing your taxes.
The government’s draft application is now on the Internet.
It runs 15 pages for a three-person family. The online version has 21 steps, some with added questions.
At least three major federal agencies, including the IRS, will scrutinize your application.
That’s just the first part of the process, which lets you know if you qualify for financial help.
You’d still have to pick a health plan.
Wonderful stuff, no? And nice to know the IRS is in on it from the beginning … because, you know, they have a lot to do with health care.
Some fear that consumers will be overwhelmed and give up.
Administration officials say the application form is being refined.
Of course it is. And it will be forever. Success? Reducing it to 10 pages I’m sure.
Still, the idea that picking a health insurance plan could be as simple as shopping on the Internet is starting to look like wishful thinking.
Heh … only an absolute dope would have believed that in the first place, with government involved.
But we told you all of this before the law was passed, didn’t we?