Well, unsurprisingly, it isn’t private insurance companies, in some cases by quite a large margin. A chart from some recent research by Beverly Gossage of the Show-Me Institute makes the case:
You remember the outcry about CIGNA’s denial of Natalee Sarkisian’s liver transplant a couple of years ago? Well, as you can see by the numbers the chance of denial from Medicare is much higher than one from CIGNA.
It is these sorts of facts which are not apparent in the constant demonization of private insurance.
Interestingly, the AMA has come out in favor of government “health care reform” – whatever that may mean. The irony is the information that Ms. Gossage found came from the AMA’s own 2008 National Health Insurer Report. Is this the type of “competition and choice” the government insurance introduced in a public option would bring? Higher denial rates than private insurance?
I guess that’s insurance “reform”.
While the Fed tries to assure us that when the time comes it can wring the excess money it has pumped into the economy without driving it into the ditch, Paul Krugman and others want more spending, and we’re staring at 9 trillion in additional debt, the rest of the worldhas seems to be quietly deciding that the dollar has become an unstable currency in which they’d rather not trade:
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.
They’re talking about a whole range of different currencies to replace the dollar but the fact remains that the old buck ain’t what it used to be and those trading in oil are looking for a more stable means of trade.
The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold. An indication of the huge amounts involved can be gained from the wealth of Abu Dhabi, Saudi Arabia, Kuwait and Qatar who together hold an estimated $2.1 trillion in dollar reserves.
Which explains some of the growth in the price of gold. Of course this transition will take time as the various countries carefully get rid of their dollar reserves over the coming years. However, if they are as committed to this transition away from dollar as the base trading currency for oil as this article indicates, then obviously the strength of the dollar will be adversely effected over that transition period and beyond as dollars are dumped. Couple that with the excess dollars we’ve pumped into the system these past few months and you can begin to understand the possible economic disaster this may end portend.
Ever since the Bretton Woods agreements – the accords after the Second World War which bequeathed the architecture for the modern international financial system – America’s trading partners have been left to cope with the impact of Washington’s control and, in more recent years, the hegemony of the dollar as the dominant global reserve currency.
The Chinese believe, for example, that the Americans persuaded Britain to stay out of the euro in order to prevent an earlier move away from the dollar. But Chinese banking sources say their discussions have gone too far to be blocked now. “The Russians will eventually bring in the rouble to the basket of currencies,” a prominent Hong Kong broker told The Independent. “The Brits are stuck in the middle and will come into the euro. They have no choice because they won’t be able to use the US dollar.”
Chinese financial sources believe President Barack Obama is too busy fixing the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years’ time. The current deadline for the currency transition is 2018.
We’ve been talking and hinting about this since it first began surfacing and warning of the dire economic consequences such a move would have. Of course it is the result of our own profligate spending and financial mismanagement, but I don’t think, for the most part people understand the implications of this move to replace the dollar. And it also doesn’t appear we have ability (much less a plan) to reverse this trend toward this change of the economic guard.
The Federal Trade Commission has just released a ruling (PDF) that requires bloggers to disclose anything–and I mean anything–they receive as a result of their blogging. Free review copies of books. Trips to oil rigs. Payments. T-shirts. Whatever it is, you better disclose it, or you get slapped with a fine of $11,000 per infraction.
In other words, the government is now putting all web sites, professional or personal, under its thumb for failing to disclose everything they receive from any source. And what are the guidelines for disclosure? Why, none at all. So, assuming you receive a free copy of a book–even if you don’t review it–you must disclose that you received it. How do you disclose it? I dunno. How do you you know if your disclosure is sufficient? I dunno. The FTC, you see, will make those decisions on a “case-by-case” basis.
<sarcasm>I’m sure they’ll be quite fair about it, too. And I’m quite certain that the FTC will never, ever selectively enforce these new rules so that more scrutiny is given to opponents of the current regime than to its supporters.</sarcasm>
The main thing to remember here is that free speech is not nearly as important as protecting the public from some blogger who doesn’t disclose that he got a free review copy of the book to read, in order to write the review. And, of course, you’re all too stupid and venal to protect yourselves from the danger to the republic that freebies to bloggers represent.
But, we already knew that.
More info and quotes here.
Our friends at the Cato Institute, the only think tank in DC dedicate to personal and economic liberty, have launched a new site, DownsizingGovernment.org, committed to cutting waste from the federal budget.
From the press release:
The research on the site also exposes that many public outlays—though vigorously defended by the politicians who created them and the constituencies they purport to help—are remarkably ineffective at achieving their core aims.
“Some people have lofty visions about how government spending can help society,” said Chris Edwards, director of tax policy studies at the Cato Institute and the project leader for DownsizingGovernment.org. “But the essays on this website put aside such bedtime stories about how government programs are supposed to work, and instead focus on how they actually work in the real world.”
DownsizingGovernment.org is an ongoing project that launches today with detailed information on five cabinet-level agencies: Agriculture, Commerce, Education, Energy, and Housing and Urban Development. Subsequent departments will be added as they are completed in the coming months.
The site offers detailed examples of inefficiency, ineffectiveness, redundancy and corruption inside federal government agencies. It provides charts showing federal spending by department, federal aid to states and the number of subsidy programs.
A couple of weeks ago we learned that the Obama administration was “warning” insurance companies about how they addressed concerns with the plans being pushed in Congress, and in one case the Health and Human Services Department, at the behest of Sen. Max Baucus, started an investigation of Humana, Inc. regarding a mailer it sent out to its customers:
The Obama administration warned insurance companies Monday they face possible legal action for allegedly trying to scare seniors with misleading information about the potential for lost benefits under health care legislation in Congress.
“As we continue our research into this issue, we are instructing you to immediately discontinue all such mailings to beneficiaries and to remove any related materials directed to Medicare enrollees from your Web sites,” said a notice from the Centers for Medicare and Medicaid.
Teresa DeCaro, an agency official, sent the notice to all companies that sell private Medicare coverage and stand-alone drug plans to seniors. The warning came as President Barack Obama’s health care legislation is moving toward key tests in a Senate committee over the next several days, and with public polls showing widespread skepticism among seniors.
In one case, the Health and Human Services Department, which oversees CMS, launched an investigation of Humana after getting a complaint from Sen. Max Baucus, D-Mont., a senior lawmaker usually viewed as a reliable ally of the insurance industry.
“It is wholly unacceptable for insurance companies to mislead seniors regarding any subject — particularly on a subject as important to them, and to the nation, as health care reform,” Baucus said Monday, disclosing the HHS investigation.
It seems that at least one state is following in the federal government’s footsteps:
The Connecticut attorney general is seeking information about what the state’s five largest health insurers may have sent policyholders over legislation that would reform the Medicare program for the elderly.
Connecticut Attorney General Richard Blumenthal wants information from Aetna Inc (AET.N), UnitedHealth Group Inc (UNH.N), Health Net (HNT.N), WellPoint Inc’s (WLP.N) Anthem Health Plans unit and ConnectiCare Inc.
Health insurers have argued that cuts to Medicare Advantage would raise costs and reduce benefits for those who want the private plans.
Blumenthal and Healthcare Advocate Kevin Lembo said they made their requests after reports that Humana sent policyholders “deceptive” materials urging them to oppose changes to the Medicare Advantage program.
“Health insurers must stop using seniors as pawns — scaring them with misinformation in mailings — to oppose cost-saving healthcare reforms,” Blumenthal said in a news release.
Stephen Jewett, a spokesman for ConnectiCare, said health insurers are already required by federal law to have Medicare Advantage marketing materials approved by CMS.
“ConnectiCare believes this request is being spurred by ‘health reform politics’ and is not warranted,” Jewett said in a statement.
Humana, and apparently others, had committed the great offense of warning its Medicare Advantage clients that the current legislation proposed would negatively affect their coverage, which according to the CBO is entirely truthful. In fact, this has been known for quite some time, and Obama himself has said that cuts to Medicare would be part of of the way he intends to realize savings in his health care overhaul. Nevertheless, Obama and Baucus sicced the government on Humana anyway for what they allege were false and misleading claims.
The free speech and abuse of power implications were enough to draw fire from Republicans in Congress, one of whom, Rep. Dave Camp, took CMS to task:
I am writing to express my deep suspicion that the Centers for Medicare and Medicaid Services (CMS) may be selectively and inappropriately using its regulatory powers to intimidate and silence those who under the First Amendment of the United States Constitution are expressing legitimate facts about the Medicare cuts proposed by President Obama and Congressional Democrats.
Given the importance of health care to America’s seniors, I am sure you will agree seniors currently enrolled in MA have a right to know about how pending policy changes could affect them. I am certainly aware that MA marketing regulations are supposed to be used to ensure that communications from plan sponsors or affiliated groups do not include inaccurate information that would inappropriately steer seniors to certain MA plans. I have read the letter from Humana to its members and it does neither.
Moreover, I am concerned that CMS has taken action for political purposes, which threatens the integrity of the agency and of our democracy. To my knowledge, Humana is the only such plan to be targeted for investigation for speaking out against the Administration and Congressional Democrat’s plan. However, today CMS issued a ban on all MA health plans from distributing similar information.
Camp also pointed out that the AARP, “which has the largest MA plan in Medicare at 1.7 million enrollees, has been a vocal advocate in favor of the President Obama and Democrats’ health care proposals.”
They have spent millions of dollars communicating to its members the group’s support of President Obama’s proposed changes to Medicare via bulletins, television ads, newsletters, and its website. According to USA Today, AARP sent 8 million direct letters about health care reform and Medicare policies under consideration in Washington to its members over Labor Day. Additionally AARP has a “Health Action Now!” website that asks seniors to contact Members of Congress using an AARP-drafted letter that seniors can send via e-mail. These communications seem to be largely similar to the communications sent by Humana, other than they are in support of President Obama’s position.
For example, AARP’s website states that it’s a “myth” that “health care reform will hurt Medicare”, saying that it’s a “fact” that “none of the health care reform proposals being considered by Congress would cut Medicare benefits or increase your out-of-pocket costs for Medicare services.” This flies in the face of what the non-partisan Congressional Budget Office (CBO) has found as it relates to the MA cuts.
The reason behind the AARP’s advocacy may be good old-fashioned graft:
Again, how does AARP benefit from this? Why are they pushing this so hard to their members?
It benefits because along with the rest of the overhaul, Obama wants to institute changes to Medicare Advantage, the current public option for seniors.
Medicare Advantage is a catch-all program for low-income seniors which allows them to choose their drug insurance plan from a variety of companies. Basically, a senior pays into the program, picks an insurance company to go with, and the government subsidizes that company for the cost of the senior’s prescriptions. Everybody wins. (Note: This is different from the Medicare program, which is fully single payer, government run)
So if Obama cuts or eliminates Medicare Advantage, what will those seniors do? Well, they will either go directly to Medicare (the government single-payer option) or they will be forced to buy a supplementary package with a company like… AARP!
Currently, this supplementary drug option – called MediGap – accounts for 70% of AARP’s annual income. How much nicer would things be if they were the only game in town, huh?
Just to recap, the proposed ObamaCare plans will make cuts to the Medicare Advantage program, which will decidedly benefit MediGap policy sellers like the AARP. The AARP, in opposition to its members’ wishes, actively campaigns for ObamaCare, and in doing so spreads the myth that Medicare will not be changed by any of the proposed legislation. Meanwhile, insurance companies offering Medicare Advantage plans warn their clients that cuts are planned that will negatively affect their policies, a fact backed up by the CBO. The Obama administration, Max Baucus, the CMS, and no the Attorney General of Connecticut go after the insurance companies for allegedly spreading false and misleading information in an attempt to scare seniors away from supporting ObamaCare.
Recall also that the Obama administration, through the NEA, sought to enlist the artistic community’s support of its health care plans. This was a blatant attempt to create state-funded (or, at least, state-sanctioned) propaganda. Yet, insurance companies speaking the truth on behalf of themselves and their clients are besieged by the government? I repeat what I stated in the NEA post:
Now, you can call me a conspiracy theorist if it makes you feel important and wise, but how else other than “totalitarian” would you describe “free speech for me but not for thee” enforced at the end of a gun? Does that necessarily mean that we’re headed for gulags? No, but don’t let the failure to cross that line fool you. The Obama administration is putting on a full court press to pass its agenda, and apparently has no qualms about using every resource within its power, legal or otherwise, to accomplish that goal.
It should be clear by now that the only goal Obama truly wants to accomplish is universal health care, either straight away or in a time-release capsule. No other domestic policy takes up anywhere near as much of his time and effort, and his foreign policy is mostly an after thought. That’s fine. I believe he is damaging the country in pursuing this agenda, but it’s his presidency and his legacy, he can waste his political time as he sees fit. However, what is not acceptable in the least are the lengths to which he and his supporters are going to pass that agenda. That’s not just hurting the country from a policy perspective, it’s also seriously violating the constitution and further eroding any confidence the polity has in its government.
Again, was this the change people were hoping for?[ad#Banner]
Marty Peretz, editor-in-chief of The New Republic, has some interesting things to say about the Obama Olympic trip. He too seems to have come to the conclusion many of us have about our new Commander in Chief:
What I suspect is that the president is probably a clinical narcissist. This is not necessarily a bad condition if one maintains for oneself what the psychiatrists call an “optimal margin of illusion,” that is, the margin of hope that allows you to work. But what if his narcissism blinds him to the issues and problems in the world and the inveterate foes of the nation that are not susceptible to his charms?
Chicago will survive its disappointments and Obama will, as well. It is the other stage sets on which the president struts–like he strutted in Cairo and at the United Nations–that concern me.
To the point:
If Obama could not get Chicago over the finish line in Copenhagen, which was a test only of his charms, how will he persuade Tehran to give up its nuclear weapons capacity or the Arabs, to whom he has tilted (we are told) only tactically, to sit down without their 60 year-old map as guide to what they demand from Israel.
Good question. To this point, “persuasion” seems to be the sum of our foreign policy strategy. What’s our alternate strategy if that doesn’t work? Or is our “clinical narcissist” beyond the “optimal margin of illusion” besides seeming to be in way over his head?
Of course, it is a rather simple and transparent ploy to establish a basis for his broad brush defamation of the GOP (not that the GOP isn’t capable of doing that all by itself). He begins by calling the failure of the US and Barack Obama to secure the Olympic bid “a teachable moment”.
Of course, for 8 years I don’t recall Krugman et. al, ever once finding similar teachable moments in the invective or demonstrations aimed at the Bush administration. Anyway, he wanders on with:
“Cheers erupted” at the headquarters of the conservative Weekly Standard, according to a blog post by a member of the magazine’s staff, with the headline “Obama loses! Obama loses!” Rush Limbaugh declared himself “gleeful.” “World Rejects Obama,” gloated the Drudge Report. And so on.
So what did we learn from this moment? For one thing, we learned that the modern conservative movement, which dominates the modern Republican Party, has the emotional maturity of a bratty 13-year-old.
When, exactly, did the “Weekly Standard”, Rush Limbaugh and the Drudge Report come to comprise “the modern Republican Party”?
Conflation is a favorite device of those who are really reaching to make a point and Krugman is reaching here. I’m not suggesting that the three cites he gives don’t indeed act with the “emotional maturity of a bratty 13-year-old” at times, I’m simply wondering how Krugman managed to make the leap from those three to “the modern Republican Party”?
Of course he did it to try to suggest they are representative of the GOP today and, in fact, this is the way the GOP has always been – unlike Democrats. And for those gullible enough to swallow his premise whole, he then throws his rewrite of history out there in an attempt to make his point that unlike Republicans, Democrats are and always have been the adults:
In 2005, when Democrats campaigned against Social Security privatization, their arguments were consistent with their underlying ideology: they argued that replacing guaranteed benefits with private accounts would expose retirees to too much risk.
In actuality, Democrats acted with “the emotional maturity of bratty 13-year-olds” by Krugman’s own standard:
* NW Progressive Institute, March 2005: “a boisterous crowd which frequently interrupted the discussion with shouts and hard nosed questions. … Democrats in the audience who were interrupting the panel…. the crowd erupted in anger… Democrats in the audience started shouting him down again.”
* Savannah Morning News, March 2005: “By now, Jack Kingston is used to shouted questions, interruptions and boos. Republican congressmen expect such responses these days when they meet with constituents about President Bush’s proposal to overhaul Social Security.”
* USA Today, March 2005: “Shaken by raucous protests at open “town hall”-style meetings last month … Santorum was among dozens of members of Congress who ran gantlets of demonstrators and shouted over hecklers at Social Security events last month. Many who showed up to protest were alerted by e-mails and bused in by anti-Bush organizations such as MoveOn.org and USAction, a liberal advocacy group. They came with prepared questions and instructions on how to confront lawmakers.”
Using Krugman’s logic above, the fact that MoveOn and USAction plus others shouted, heckled, disrupted and booed at these events (the “Weekly Standard”, Rush Limbaugh and Drudge Report equivalents on the left), his “bratty 13-year-old” characterization should easily extend to the Democratic party as well, correct?
Krugman then asks:
How did one of our great political parties become so ruthless, so willing to embrace scorched-earth tactics even if so doing undermines the ability of any future administration to govern?
Why not ask the Democrats of the last 8 years? Ask them how calling the president a “liar”, a “loser”, “incompetent” and many other things did anything but “undermine the ability of any future administration to govern”?
Another “history began January 20th, 2009” moment for the left.
This article by the UK’s Telegraph is typical of the poor journalism we’re subjected too anymore. The headline blares:
Barack Obama furious at General Stanley McChrystal speech on Afghanistan
The subhead claims that Obama and McChyristal’s relationship has been put under “severe strain” since a speech in the UK.
But when you get into the body of the article, here’s what you find (HT: Mudville Gazzette):
According to sources close to the administration, Gen McChrystal shocked and angered presidential advisers with the bluntness of a speech given in London last week.
An adviser to the administration said: “People aren’t sure whether McChrystal is being naïve or an upstart. To my mind he doesn’t seem ready for this Washington hard-ball and is just speaking his mind too plainly.”
The remarks have been seen by some in the Obama administration as a barbed reference to the slow pace of debate within the White House.
A military expert said: “They still have working relationship but all in all it’s not great for now.”
Some commentators regarded the general’s London comments as verging on insubordination.
Not once is Obama identified by name as being “furious” with McChrystal. As for the “insubordination” charge, I have no idea where they get the idea that dismissing a strategy as one he wouldn’t favor is insubordination. Especially since no one in his chain of command (no, the VP isn’t in the chain of command) has recommended it. However this is one of two placees in the article where a name is named:
Bruce Ackerman, an expert on constitutional law at Yale University, said in the Washington Post: “As commanding general, McChrystal has no business making such public pronouncements.”
He added that it was highly unusual for a senior military officer to “pressure the president in public to adopt his strategy”.
What Ackerman contends isn’t true – generals often remark on strategy and what they think will and won’t work in their particular situation. That’s what they’re paid to do – assess strategies and pick the right one. The fact that he finds a particular strategy wanting doesn’t mean he’s attempting to apply pressure in public. Sometimes a cigar is just a cigar, and in this case, as I understand it, he didn’t bring the subject up, he was answering a question.
But to the larger point – not one of these people seems to say anything that supports the headline or the contention in the sub-head. The Telegraph even goes to the extent of trying to make the 25 minute meeting with the president into something that was “awkward”, without anything to support that contention:
The next day he was summoned to an awkward 25-minute face-to-face meeting on board Air Force One on the tarmac in Copenhagen, where the president had arrived to tout Chicago’s unsuccessful Olympic bid.
Gen James Jones, the national security adviser, yesterday did little to allay the impression the meeting had been awkward.
Asked if the president had told the general to tone down his remarks, he told CBS: “I wasn’t there so I can’t answer that question. But it was an opportunity for them to get to know each other a little bit better. I am sure they exchanged direct views.”
I’m sure they did. As stated though, Jones wasn’t there so while it is technically true he didn’t “allay the impression” of an awkward meeting, he didn’t confirm it either. He said he didn’t know. He said he couldn’t “answer that question”.
This is a perfect example of a “journalistic” attempt to spread dissension, or at least claim it exits, where it isn’t clear it exists at all. Afghanistan is tough enough nut without manufactured rifts and dissent being thrown into the mix.
Of course the left has jumped all over this supposed bit of “insubordination” and the “rift” as a reason to get rid of McChrystal – something which would be useful to those who would prefer we not do what is necessary to be successful in the ‘necessary war’.
In this podcast, Bruce, Michael, and Dale discuss the Obama Enigma, the current state of politics, and Iran’s progress towards nuclear weapons.
The direct link to the podcast can be found here.
The intro and outro music is Vena Cava by 50 Foot Wave, and is available for free download here.
As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2007, they can be accessed through the RSS Archive Feed.