Posts Tagged ‘repeal’

There are a few political axioms that I hold to be true. I have repeated them verbatim (and in general) in my writings for years. They include…

“A moderate is someone who pauses in the middle of the road… before turning left.” — TexasLynn

“The Democrats are taking this nation straight to hell at a dead run. Every now and then we elect enough Republicans to slow us down to a trot.” — TexasLynn

“The Republican Party has proven that it will NEVER be part of the solution to this nation’s problems.” — TexasLynn

All three of these (and especially the last two) have proven themselves out over the past few months.

A particular case in point… This week the GOP will again not do anything on health care. After wailing and gnashing their teeth for seven years concerning Obamacare, after passing a repeal SEVEN times (when Obama was President), today they will do NOTHING.

This might confuse the political novice who might ask… “Why don’t they just pass the same bill of repeal they passed seven times before”. The answer is they can’t (or won’t… take your pick).

This might confuse the political novice who might ask… “Why not?” The answer is they don’t have the votes.

This might further confuse the political novice again, who might ask… “But they passed it before?” The answer to that is yes, but that was when they knew that the vote meant nothing, that was when they knew it would be vetoed. The GOP (mostly the moderates) was willing to stand on conservative principle when conservative principles were guaranteed not to be applied.

That was the proverbial pause in the middle of the road… with their blinkers bright and shiny, flashing on the right side for all to see. Today, where the road meets the rubber (as they always do)… they turned left.


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Government Bailout - Uncle Sam and PigsA follow-up on the earlier blog concerning the build in bailouts for the insurance companies, built into Obamacare.

Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.

For some reason, President Obama hasn’t talked about this particular feature of his signature legislation. Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies. It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes). It’s almost unbelievable that it will also subsidize those same insurers’ losses. — National Review

Mr. Laszewski has a pretty good blog on the healthcare industry in general which, of course, address Obamacare in particular.
(Link to Blog Here)
(Link to Referenced Post Here)

One of the main things he’s pointed out is that the bailout of the insurance companies for the first three years (2014 through 2016) in intended to do two things.
1) Attract more insurers than would otherwise participate
2) Give those insurers incentive to not worry about losses those first few years so as to keep prices lower.

With this in mind that makes Obamacare even scarier. The massive price and deductible increases we’re seeing are actually underpriced because of the promised bailouts. The real screwing is delayed until 2016; but Mr. Laszewski says the insurers won’t wait that long. (see below) The fact that the screwing is built into the plan in the first place is unacceptable.

Again… I say we let these bastards know right now that they are not entitled to our money; even if Barack Obama promises it to them. Repeal the bailouts ASAP.

Some quotes from the posting:

Obamacare contains a $25 billion federal risk fund set up to benefit health insurance companies selling coverage on the state and federal health insurance exchanges as well as in the small group (less than 50 workers) market. The fund lasts only three years: 2014, 2015, and 2016.

The statute very specifically limits funds collected to $25 billion over the three years––$12 billion in 2014. The source of these funds is the Obamacare $63 annual “Belly Button Tax” assessed on almost all people covered under a health insurance plan.

The reinsurance program has done and will continue to do what it was intended to do; help attract and keep more carriers in Obamacare than might have otherwise come.

Does this mean that health plans would be happy to see their plans underpriced in the first year, as well as the second and third year? No, they will not have any incentive to see their products dramatically underpriced the first three years only to see their prices zoom in the fourth year and create havoc.

But, my sense is that health plans, because they are so insulated from big losses, will generally stand pat with their 2014 rate structures for 2015––no matter how bad the early claims experience looks. I expect that the health insurance industry will be content to give the Obama administration one more chance to reboot Obamacare in the fall of 2014, when the 2015 open enrollment takes place.

But that is all the patience I see the industry having. While they will continue to be protected from losses in 2016, two years will be enough patience for them and they will be eager to at least begin to transition their rates to the proper level in 2016 rather than face a huge adjustment in 2017 when the reinsurance program ends.

What consumers/voters will be thinking about Obamacare come November 2014 is still to be determined. But insurers won’t be losing a lot of sleep over it.

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    OK, so a man approaches you with a petition to “Repeal the Second Amendment” and while you’re considering it here are his selling points.

  • “Repeal the Second Amendment… It’s such an old-fashioned Amendment.”
  • “We will have door-to-door searchers and confiscation of all Guns”
  • “Take the guns away from the crazy, right-wing, white, extremists”
  • “We don’t need these tea-partiers and law abiding citizens to own guns, that is for the police and the military.”
  • “Make sure that law abiding gun owners have that right taken away.”
  • “Take the legal registered guns off the street.”
  • “Make sure only the illegal unregistered guns stay on the street”
  • “Make sure only the criminals have the guns and get them out of the hands of the law abiding citizens.”
  • “The criminals won’t turn their guns in, so they’ll still have their guns after we repeal the second amendment”
  • “Only the police and military need guns. We can trust them. They’ve never done anything wrong.”
  • “If you have any problems you can call the police, you don’t need to defend your family yourself.”
  • “If you have a problem and there’s a threat to your family, you can call the police and wait on them.”
  • “In today’s society we can trust the government enough to be the only people to have the weapons and we’re going to have gun confiscations from door to door.”

On California beaches… “You don’t have to convince us my friend” — just one of the sheep in California signing the petition as this drivel is being spouted.

You could say this is just people signing anything. But it’s not. Look at the arguments being made by the petitioner as they sign. How could you get more absurd? If he said “I’m going to take the confiscated guns, hunt you down and kill you and your family with them”, would they still sign the dam thing?

It’s sad, it’s scary, and let’s face it; it’s prevalent. You could go to any major urban area and repeat this exercise easily. It’s one of the reasons we’re doomed as a nation. These people stumble around their lives, clueless, as they enjoy their bread and circuses provided for their votes. And when it all collapses around their ignorant little heads they’ll wonder “What the %$#@ just happened!”

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