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katherineharron

Why we shouldn't stop talking about the Sanders-Warren fight - CNNPolitics - 0 views

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  • Massachusetts Sen. Elizabeth Warren is done talking about her back-and-forth -- in which each candidate said the other called them a liar -- with Vermont Sen. Bernie Sanders after the seventh presidential debate Tuesday night in Iowa.
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  • Here's why. Sanders and Warren are two of the three or four Democrats with the best chance of winding up as the party's presidential nominee this November. There is an active disagreement between the two over whether, at a meeting in December 2018, Sanders told Warren that he did not believe a woman could be elected president. Warren says he did. Sanders says he didn't.
  • That's where I come down, too. If this was former Vice President Joe Biden and former South Bend, Indiana, Mayor Pete Buttigieg calling each other liars over a disputed meeting, it's hard for me to believe supporters of Sanders and Warren would be similarly disinterested in pursuing who is right and who is lying. Or if you want to be charitable about it: Why there is such a clear misunderstanding of what happened in that meeting in December 2018?
  • The point here is that both of these people can't be telling the truth. And we still haven't gotten to the bottom of who is lying (or misunderstanding) and why. So whether or not the candidates want to move on, we shouldn't. Because if you want to be the Democratic nominee against the most truth-challenged President in American history, then your commitment to honestly -- no matter how uncomfortable -- is of the utmost importance.
Javier E

Did Obamacare Cost Clinton the Presidency? - The Atlantic - 0 views

  • it would confirm the fears of Kaiser Family Foundation president Drew Altman, who wrote in a July 2016 column in The Wall Street Journal that poor reporting about pre-discount premium increases led people to believe that their own out-of-pocket costs were increasing. “People may read news stories on premium increases as validating criticisms they have heard about the ACA,” Altman wrote. Eighty percent of the people in that month’s Kaiser Family Foundation tracking poll had seen reports on premium increases, and over two-thirds of those falsely believed that the increases applied to all plans or just to employer-based coverage. Poll respondents also consistently overestimated premium spikes, mistaking the highs reported for average increases, which in major cities hovered around 10 percent.
  • The second piece of Kogan and Wood’s argument is that premium increases would likely have been smaller without what they term Republican “sabotage,” and that the sabotage also affected the election independent of information gaps.
  • A campaign by Republican legislators to block market-stabilizing provisions and payments to insurers, block all legislation designed to tweak the health-care law, and promise a full repeal of the bill in 2016 almost certainly contributed to market instability in the exchanges and rising premiums.
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  • Additionally, Republican governors have mostly been slow to expand Medicaid coverage to low-income residents of their states or have declined to do so at all, decisions that have both decreased the number of potentially satisfied Clinton voters with new coverage and further destabilized markets and prices. The study finds that had Georgia, Florida, North Carolina, and Wisconsin embraced Medicaid expansion or even pursued slightly less-obstructionist policies, it could very well have tipped those states—and the 2016 election—to Clinton.
  • it does suggest a link between health care and voting that experts have long observed. A series of election studies by Harvard researcher Robert Blendon illustrates that while health care isn’t always a major factor in elections, in the cycles when it does rise to be a top priority for many voters, dissatisfaction with costs is the main driver of their decisions. Notably, it doesn’t really matter if voters’ personal costs have really increased; what matters is that they believe prices are rising.
katieb0305

Obamacare's Problems Probably Won't Save Trump - The Atlantic - 0 views

  • It’s crunch time for the Affordable Care Act.Days after a long, thorough speech from President Obama defending the law and laying out his vision for it in the years ahead, the administration released confirmation of what the industry had been signaling for most of the past few months: double-digit percentage point premium increases for benchmark plans for people insured through plans purchased on the Obamacare insurance marketplaces, known as exchanges, this upcoming year.
  • Young people are still slow to sign up, premiums have steadily risen in the exchanges, and big insurers like Aetna have left the exchanges, leaving several counties and at least one entire state with only one insurer.
  • Republicans seeking to destroy the law, and Democrats who have become increasingly vocal about further reforms or radical changes to the law. But will the bad news about Obamacare actually affect the election in a meaningful way?
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  • the news of premium hikes will work in his favor, though his criticism in reaction to news has revealed more about the limitations of his own policy knowledge than anything about how he’d fix the problem.
  • For one: The administration’s announcement is a mere formalizing of increases many people familiar with the industry predicted throughout the year.
  • If Trump is indicative, Republican politicians don’t have the language to capitalize on some of the weaknesses of the law right now. Over the past two years, neither their calls for blanket repeal of Obamacare, nor the coverage of historic gains in insurance coverage, have meaningfully altered public opinion one way or the other.
  • Only a small sliver of the population is enrolled through the exchanges, and most people in the country are covered through their employers, where premiums have risen at rates similar to previous years.
  • The federal government will protect most Americans from the real financial impacts of a spike in premiums, and only between five and seven million people will bear the full sticker shock of Obamacare premium hikes.
  • Additionally, most people with subsidized coverage who are directly threatened by the loss of Aetna or other major insurers won’t have to go shopping for new plans until 2017.
  • he future of the Affordable Care Act isn’t even the top health care issue for registered voters, but that finding comes with a few grains of salt. Sixty-six percent of those polled viewed the future of Medicare as a non-exclusive “top priority,” with an equal proportion viewing access and affordability of health care as such.
  • Proposals like Donald Trump’s that involve remaking a system that is just beginning to settle have challenges with winning over many people who actually have to navigate the changes involved.
  • So what’s left for Republicans and Donald Trump? Probably not another health-reform-fueled revolution. It’s unlikely that premium increases can influence enough lives now to provide that kind of momentum at the polls, and Trump’s incoherence looks more like a last-ditch gambit than legitimately savvy capitalization on what appear to be real problems with the law.
  • Americans are seeking affordable ways forward with what they have in ways that disrupt their lives the least. For now, their response is probably not panic
leilamulveny

Biden and Obamacare: One Sentence in Stimulus Plan Reveals Health Care Approach - The N... - 0 views

  • Tucked into President-elect Biden’s $1.9 trillion stimulus plan is a one-sentence provision that could drive billions in federal subsidies to help people afford to buy health insurance.
  • The proposal would do two things: make upper-middle-income Americans newly eligible for premium subsidies on Obamacare marketplaces, and increase the financial help that already goes to lower-income enrollees.
  • Now, control of the White House and a slim majority in Congress mean the first real prospect of significantly strengthening Obamacare since it became law in 2010.
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  • President-elect Biden’s inclusion of policies to shore up the health law in his first major legislative package has raised those hopes further.
  • “We’re talking about improving affordability after not being able to have that conversation for years.”
  • One conducted in 2018 shows that 42 percent of those who shopped for individual market coverage found it “very difficult or impossible to find an affordable plan.”
  • The Biden plan would create a new cap — 8.5 percent of an individual or family’s income on premium contributions — for midlevel health plans, something the president-elect had also proposed during the campaign. This policy would mostly affect higher-earning Americans who do not currently qualify for subsidies.
  • The Center on Budget and Policy Priorities estimates that a family of four earning $110,000 would see monthly premiums for a midlevel health plan fall to $779 from $1,529.
  • These are low-income Americans, who make up the majority of those who still lack coverage in the United States. These people already receive help buying coverage, but are still left with paying a monthly premium share that can be unaffordable.
  • Numerous academic studies show that premium subsidies are the strongest driver of health law enrollment. Experts say this type of large increase, directed toward low-income Americans, could drive millions more to sign up.
  • “It’s important both in terms of helping people through this crisis, and as a sign of the seriousness with which he is considering the future of improvements to the Affordable Care Act,” she said. “This is a step in the right direction, and it’s certainly consistent with the bigger vision he campaigned on.”
ethanmoser

Millions buying insurance outside exchanges amid ObamaCare woes | Fox News - 0 views

  • Millions buying insurance outside exchanges amid ObamaCare woes
  • While premiums are set to rise by double digits on the ObamaCare exchanges, millions of Americans already have made the decision to abandon the markets altogether and shop for health care on their own
  • “If it is a bad year in the exchanges and the ship is sinking, people will figure out a way to find a life raft,” said Tom Miller, a resident fellow at the American Enterprise Institute.
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  • I do not see them fleeing in large numbers.”
  • premiums are set to rise an average of 25 percent next year. The selection of health plans on the exchanges is also shrinking.
  • Customers bolting the exchanges won’t necessarily avoid the rising premiums by shopping “off-marketplace.”
  • The big downside to shopping off the exchanges is that customers would not receive insurance subsidies. But for customers who wouldn’t qualify for subsidies anyway, shopping off the exchanges potentially gives them more options – including, in some cases, cheaper plans.
  • a total of 6.9 million people are getting insurance in the individual market outside the exchanges.
  • about 11.1 million people are enrolled in ObamaCare exchange plans, with 9.4 million of them getting premium subsidies.
  • HHS report seemed to be nudging people back toward the exchanges, noting that roughly a third of those avoiding the exchanges potentially could qualify for subsidies.
  • “millions of them may qualify for financial assistance that would let them purchase coverage and health care at lower cost” if they returned to the ObamaCare fold.
  • millions of them may qualify for financial assistance that would let them purchase coverage and health care at lower cost” if they returned to the ObamaCare fold.
  • Both marketplaces, for example, require covering individuals with pre-existing conditions.
  • The estimated number of insurance providers available on the exchanges for next year is 167, a net decrease of 68.
  • The decline in choice alone could result in more consumers leaving, even if they have to pay higher costs outside the market, in order to keep their doctor.
  • The HHS study noted that some of the 6.9 million shopping off-market also could qualify for Medicaid programs, which were expanded in many states.
  • Just for 2016, we know rates are going up in exchange plans,
martinelligi

Taiwan's National Health Insurance: A Model for Universal Health Coverage - The Diplomat - 0 views

  • This has since been expanded to provide equal coverage to all citizens from birth, regardless of age, financial status or employment status. Furthermore, all foreigners who legally work or reside in Taiwan are also afforded the same coverage.
  • single-payer model
    • martinelligi
       
      Capital gains are the profits from the sale of an asset
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  • And the way premiums are collected has also changed from being purely payroll-based, to including supplementary premiums based on capital gains, which has created a surplus into the National Health Insurance Fund.
  • Implementing the Global Budget Payment on top of Fee-For-Service reimbursement method effectively reduced annual medical expenditure growth from 12 percent to 5 percent since 2003
  • In addition, the NHI’s information system has migrated to the cloud, making it much easier for hospitals, clinics, and doctors to access medical information. We encourage hospitals to upload computed tomography (CT) and magnetic resonance imaging (MRI) scans so they can be retrieved for follow-up consultations. A personalized cloud-based service called My Health Bank also enables patients to check their medical records at any time.
  • We have premium subsidies for low-income and near-poor households, as well as the unemployed.
    • martinelligi
       
      A subsidy is a benefit given to an individual, business, or institution, usually by the government. Premium is an amount paid periodically to the insurer by the insured for covering his risk.
  • Taiwan has a constructive role to play in creating a robust global health network, and the best way to share our experience with other countries is through participation in the World Health Assembly and the WHO.
Javier E

Home Insurance Premiums Rise as Americans Flock to Weather-Worn States - The New York T... - 0 views

  • Home insurance premiums are on the rise, and a key driver for the price increase is climate change. Yet, Americans are moving fastest to Florida, Texas and other states most at risk for climate-related natural disasters, according to a new study from LexisNexis Risk Solutions, a data and analytics provider.
  • Since 2015, the average homeowner has seen the bill for their property coverage grow by roughly 21 percent. But in Florida and Texas, the two states with the highest population gains in 2022, rates have climbed significantly more — 57 percent in Florida and 40 percent in Texas.
  • “The states where climate tends to impact the world more strongly are seeing a bigger jump in population,”
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  • Many new residents cite cost of a living as a key factor behind their moves, but home insurance costs are rising faster there than the national average, meaning homeowners should brace for sticker shock.In Florida, the average home insurance premium in 2019 was $1,988. Today, it’s $2,714 — an increase of $726.
  • The risk is highest in the Sun Belt region, which is experiencing rapid growth, yet Americans are moving directly into areas of danger. Hurricane Ian alone killed more than 150 Floridians, knocked out power for 2.6 million residents and left Florida with a bill of nearly $113 billion in its wake.
  • Those states are also experiencing extreme weather: Hurricanes like Ian, Nicole and Fiona, as well as record heat, ice and snow storms, wrought billions of dollars of destruction in 2022 and killed nearly 500 Americans.
  • California bucked the trend in several ways. Despite being battered by wildfires and extreme storms in recent years, home insurance rates there grew by only 25 percent, below the increase in other coastal states. California lost 343,230 residents, accounting for a 0.3 percent dip, last year.
  • In South Dakota, 8,424 new residents moved into the sparsely populated state in 2022, while insurance costs have jumped 39 percent since 2015. In dry, sunny Arizona, where nearly 71,000 new residents flocked in 2022, costs grew 28 percent
  • Florida grew by more than 318,000 new residents in 2022, accounting for a population increase of 1.9 percent last year — the largest uptick in the nation. Texas, with more than 230,000 new residents, was right on its tails.
ethanmoser

October surprises: How Wikileaks and ObamaCare hikes are shaking up the race | Fox News - 0 views

  • October surprises: How Wikileaks and ObamaCare hikes are shaking up the race
  • This roller-coaster campaign has a couple of twists and turns left, and that’s not good news for the woman who many in the media are ready to inaugurate.
  • The spike in ObamaCare premiums and dwindling insurance options gives Donald Trump a much-needed issue against Hillary Clinton, a longtime champion of universal health care.
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  • The latest Wikileaks dump shows that Clinton’s own inner circle was worried about her dissembling and reluctance to apologize over the email mess, even as the campaign ripped the press for raising those questions. --The media are a bit bored with the story line that she’s clobbering him and want the race to tighten.
  • But now we have Podesta himself and former Clinton aide Neera Tanden writing frankly about Hillary’s penchant for secrecy and terrible political judgment.
  • Podesta ripped two longtime loyalists, lawyer Cheryl Mills and spokesman Philippe Reines, along with Clinton attorney David Kendall, for not being “forthcoming on the facts.”
  • “A lot has to do with her instincts.” Tanden concurred again: “Her instincts can be terrible.”
  • When the press was harping on the fact that Clinton would not apologize for having a private server, and campaign officials were pushing back hard, it turns out that some privately agreed with the critics.
  • “Everyone wants her to apologize. And she should. Apologies are like her Achilles heel.”
  • The disclosure that ObamaCare premiums are rising an average of 25 percent—more in some states, less in others—has provided a measure of vindication for the program’s conservative detractors. It has also given Trump, who wants to repeal ObamaCare, new ammunition against Clinton, who wants to reform it—in part by increasing government subsidies.
  • The steep premium hikes, and dwindling insurance options in some areas, make clear that President Obama oversold the program.
  • Now Trump clearly bobbled a statement about his own employees being affected by ObamaCare—only a small percentage are, his company pays the rest—but that doesn’t neutralize the larger issue.
  • he press has been hungry for a new story line so people don’t check out in the final two weeks. The Wikileaks dump, ObamaCare news and some tightening polls in Florida are all it takes. Perhaps the media will shelve the speculation about Clinton’s Cabinet and treat this once again as a horse race.
Javier E

Health Insurance Puzzle - Rising Premiums, Shrinking Coverage - NYTimes.com - 0 views

  • As Congress continues to debate the new health care law, health insurance costs are still rising, particularly for small businesses. Republicans are seizing on the trend as evidence that the new law includes expensive features that are driving up premiums. But the insurance industry says premiums are rising primarily because of the underlying cost of care and a growing demand for it.
Javier E

Health Care and Insurance Industries Mobilize to Kill 'Medicare for All' - The New York... - 0 views

  • The lobbyists’ message is simple: The Affordable Care Act is working reasonably well and should be improved, not repealed by Republicans or replaced by Democrats with a big new public program. More than 155 million Americans have employer-sponsored health coverage. They like it, by and large, and should be allowed to keep it.
  • Under the Affordable Care Act, insurers can increase premiums with a person’s age, and older people who do not qualify for subsidies face the highest premiums on the insurance exchange. For a 60-year-old in Charlotte, N.C., the average premium for a midlevel silver plan is more than $1,100 a month; in Phoenix, it is nearly $1,000 a month.
  • Beyond their desire to preserve the status quo, coalition members have done well by the Affordable Care Act. Many participants, such as the American Medical Association, the pharmaceuticals lobby and the hospital association, backed the A.C.A. from the start, banking that more insured Americans would mean more customers. The hospitals saw the health law’s Medicaid expansion as a lifeline as they struggled with the uninsured working poor.
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  • The need to bolster the Affordable Care Act will become even more urgent, the coalition says, if Texas and other states succeed in their lawsuit to invalidate the entire law.
  • Yet another Democratic proposal, allowing states to create a Medicaid buy-in program for all their residents, regardless of income, has won support from 23 senators, including Mr. Booker, Mr. Brown, Ms. Gillibrand, Ms. Harris, Ms. Klobuchar and Ms. Warren.
  • And “during the whole debate over the Affordable Care Act, we supported having a public option in the individual insurance market in every state,” said Robert B. Doherty, senior vice president of the college, which represents 154,000 doctors who specialize in internal medicine.
brickol

In World's Most Vulnerable Countries, Coronavirus Pandemic Rivals the 2008 Crisis - The... - 0 views

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  • From South Asia to Africa to Latin America, the pandemic is confronting developing countries with a public health emergency combined with an economic crisis, each exacerbating the other. The same forces are playing out in wealthy nations, too. But in poor countries — where billions of people live in proximity to calamity even in the best of times — the dangers are amplified.It is unfolding just as many governments are burdened by debt that limits their ability to help those in need. Since 2007, total public and private debt in emerging markets has multiplied from about 70 percent of annual economic output to 165 percent, according to Oxford Economics.
  • The pandemic has triggered a sharp reversal of international investment away from emerging markets and toward the safety of U.S. government bonds.
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  • Most economists assume that a worldwide recession is already underway — a synchronized downturn that is punishing countries indiscriminately, turning traditional economic strengths into alarming vulnerabilities.
  • The disruption of industry worldwide has drastically cut demand for commodities, walloping copper producers like Chile, Peru, the Democratic Republic of Congo and Zambia, along with zinc producers like Brazil and India. Oil exporters are especially susceptible to the downturn as prices remain cheap, pressuring Colombia, Algeria, Mozambique, Iraq, Nigeria and Mexico.
  • As the coronavirus pandemic brings the global economy to an astonishing halt, the world’s most vulnerable countries are suffering intensifying harm. Businesses faced with the disappearance of sales are laying off workers. Households short of income are skimping on food. International investment is fleeing so-called emerging markets at a pace not seen since the global financial crisis of 2008, diminishing the value of currencies and forcing people to pay more for imported goods like food and fuel.
  • In wealthy nations, quarantines have been mandated, while governments and central banks have unleashed trillions of dollars in spending and credit to limit the economic damage. But in poor countries, where families cram into teeming slums, quarantining may be impossible. People who support themselves by collecting scrap metal harvested from garbage dumps risk hunger if they stay home.
anonymous

Obamacare's Individual Mandate: On Its Way Out, or Already Gone? - WSJ - 0 views

  • Senate Republicans included a measure to repeal the mandate in their recently passed tax overhaul
  • “We’re getting rid of the individual mandate,” Mr. Trump said. “That individual mandate where you pay a lot of money for the privilege of not having to have insurance or health care. So you pay for the privilege of not getting taken care of. Isn’t that a wonderful thing? And we’re going to repeal it.”
  • experts say the impact of undoing the so-called individual mandate might not be as devastating to the ACA as was thought a few years ago
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  • the penalty was never big enough to persuade a critical mass of people to buy insurance, so repealing it might not cripple the individual health-insurance market
  • Many Democrats say repealing the mandate would shred the ACA as younger, healthier people decline to get coverage, raising costs for older and sicker individuals
  • more experts are concluding that rising premiums next year would exempt many more people from the mandate.
  • a recent study that in the 15 most-expensive states, premiums would exceed the affordability threshold for a person with an income of $50,000
  • “Premiums for Obamacare policies next year will be so high that millions will be exempt from the tax penalty whether Congress repeals it or not.”
saberal

Obamacare's About to Get a Lot More Affordable. These Maps Show How. - The New York Times - 0 views

  • The American Rescue Plan broadens the subsidies available under the Affordable Care Act for comprehensive health insurance — increasing them for people who are already eligible, and providing new assistance for people with incomes previously too high to qualify. The top set of maps, drawn from calculations made by the Kaiser Family Foundation, show how much the changes will reduce what people pay for health insurance around the country, depending on their location and age.
  • For anyone earning around $19,000, subsidies will now be generous enough to sign up for a typical plan with no monthly payment. For someone earning over $51,000, new subsidies could lower premiums by as much as $1,000 a month in the country’s most expensive markets.
  • Some groups still won’t qualify for help: undocumented immigrants, and poor Americans in states that have not expanded Medicaid under an option provided by the Affordable Care Act. But a large majority of uninsured Americans can now get financial help buying insurance
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  • To qualify for the new benefits, people need to sign up for plans at Healthcare.gov or a state exchange website. The changes will be retroactive to Jan. 1, meaning that people who already have Obamacare plans will get money back. Anyone who is uninsured now can qualify for new prices as soon as they sign up.
  • All the eligible plans must cover a standard set of comprehensive benefits, including prenatal care, prescription drugs and mental health services
  • If you are receiving unemployment insurance, the legislation entitles you to a special discount: Regardless of your income, your premiums will look similar to that of the person earning $19,000 on our maps. And if you lost your coverage at work and want to keep it, the bill will also pay the full cost of your premiums for six months under the federal COBRA program.
Javier E

Beware of Romneycare : The New Yorker - 0 views

  • In most areas of the economy, free-market principles insure that products and services keep improving, and that consumers get better and better deals. But the free market, though it may be the best way of allocating new TVs and cars, falters when it comes to paying for bypass surgery or chemotherapy. The reasons for this were established nearly fifty years ago, by the economist Kenneth Arrow, in a classic article entitled “Uncertainty and the Welfare Economics of Medical Care.” Arrow showed that health care is distinctive in ways that limit the power of the market. Because people don’t have the expertise to evaluate doctors, hospitals, or treatments, it’s hard for them to comparison-shop. Because they can’t pay for major care out of pocket, they must rely on insurance, thereby often losing the final say in what to buy or how much to spend. More fundamentally, markets work only when consumers have the power to say no if the price isn’t right. Yet it’s very hard for people to say no in the case of things like end-of-life care or brain surgery.
  • the truth is that, despite the rhetoric, Romney’s main concern isn’t to bring down over-all health-care costs. In fact, he has regularly attacked one of the Affordable Care Act’s most aggressive cost-cutting measures—the independent board that can make binding recommendations on how to cut Medicare spending. What he wants is just to have the government less involved in health care. Insofar as his plans would lower federal health-care spending, it’s not because of the power of the free market; it’s because a Romney Administration would simply have the government do less. Romney would eliminate the Obamacare subsidies for health insurance. He would turn Medicaid into a block grant to the states and trim its annual budget, with the result that its funding would lag behind the rise in health-care costs. And, if he adopts his running mate Paul Ryan’s premium-support plan for Medicare, he would make Medicare recipients pay higher premiums. With these changes, the government would spend less, but only because it would provide less, and Americans would get less. It’s like saving on defense by protecting only two-thirds of the country.
  • The real issue, come November 6th, isn’t about who has the best ideas for controlling health-care costs. It’s about who has the right idea of what government should do. ♦
Javier E

Think of Obama as a foreign-policy version of Warren Buffett - The Washington Post - 0 views

  • Obama plays a “long game.” The defining element of his global strategy is that it reflects the totality of U.S. interests — foreign and domestic — to project leadership in an era of finite resources and seemingly infinite demands.
  • For too many critics, the answer is almost always for the United States to do more of something and show “strength” by acting “tough,” though usually what that something is remains very vague. And doing more of everything is not a strategy.
  • The foreign policy debate, on the other hand, tends to be dominated by policy day traders — or flashy real estate developers — whose incentives are the opposite: achieving quick results by making a big splash, getting rewarded with instant judgments and reacting to every blip in the market.
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  • Obama has been like a foreign policy version of Warren Buffett, a proudly pragmatic value investor less concerned with appearances and the whims of the moment, focused instead on making solid investments with an eye to long-term success
  • think back to 2008, with the U.S. economy shedding as many as 500,000 jobs a month and on the cusp of a second Great Depression, the U.S. military was stretched to the breaking point through fighting two wars, and many parts of the world associated the United States with militarism, Guantanamo Bay and torture. The picture looks very different today.
  • Considering the extent of today’s global disorder, it is tempting to succumb to a narrative of grievance and fear — sharpening the divisions between “us” and “them,” building walls longer and higher, and lashing out at enemies with force. Or to think it better that, to reduce exposure to such geopolitical risk, the United States should divest from its alliances. Despite all the talk of “strength,” what these impulses reflect is a core lack of confidence.
  • As Obama’s presidency nears its end, the state of the world is indeed tumultuous and ever changing, but we have good reason to be confident. The United States’ global position is sound. The United States has restored a sense of strategic solvency. Countries look to it for guidance, ideas, support and protection. It is again admired and inspiring, not just for what it can do abroad but also for its economic vitality and strong society at home.
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James Flanagan

Enrollment In Obamacare's Federal Exchange, So Far, May Only Be In 'Single Digits' - Fo... - 0 views

  • On October 1, Obamacare’s subsidized insurance exchanges went live. Most of the exchange websites crashed on the first day, a development that led some of the law’s supporters to conclude that there was overwhelming demand for Obamacare’s insurance products.
  • . “Very, very few people that we’re aware of have enrolled in the federal exchange,” said one anonymous insurance industry official to the Washington Post. “We are talking single digits.”
  • Covered California, that state’s subsidized insurance exchange, initially claimed that its website had received 5 million hits on October 1. They later had to revise that number down 87 percent, to 645,000. KUSI-TV in San Diego is reporting that not one policy has yet been sold on the California exchange.
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  • A new study from the American Action Forum that looks at healthy 30-year-old men finds that underlying premiums for those individuals will increase by an average of 260 percent
  • . For example, the drop-down boxes for security questions aren’t working, which shouldn’t be a traffic-related problem
  • In a sense, the AAF study is more relevant to the problem at hand. Obamacare makes healthy people pay more for insurance in order to subsidize sicker people. It makes younger people pay more to subsidize older people. It makes men pay more to subsidize women. It makes everyone pay more to cover benefits, taxes, and fees that consumers might not ordinarily want.
Javier E

Have you got erotic capital? - Prospect Magazine « Prospect Magazine - 0 views

  • erotic capital is what economists call a “personal asset,” ready to take its place alongside economic, cultural, human and social capital. It is just (if not more) as important for social mobility and success.
  • Erotic capital goes beyond beauty to include sex appeal, charm and social skills, physical fitness and liveliness, sexual competence and skills in self-presentation, such as face-painting, hairstyles, clothing and all the other arts of self-adornment. Most studies capture only one facet of it: photographs measure beauty or sex appeal, psychologists measure confidence and social skills, sex researchers ask about seduction skills and numbers of partners.
  • men still rank sex as more important than women. Indeed, rocketing global demand for sexual activity of all kinds (including commercial sex, autoeroticism and erotic entertainments) has been far more pronounced among men than women.
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  • This creates an effect that should be familiar to any economist: the laws of supply and demand raise the value of women’s erotic capital, in particular their beauty, sex appeal and sexual competence. It is happening in Scandinavia as well as Mediterranean countries, in China and the US. The pattern is confirmed even in countries that are sexually “liberated” such as Finland and France. Men are two to ten times more likely to have affairs, buy pornography, seek lap-dancing clubs and erotic entertainments. And call girls’ earnings can exceed wages in nearly all the professions, despite working shorter hours.
  • This is an implicit rebuttal to feminist thinkers (like Sylvia Walby, Mary Evans, Monique Wittig or most recently Kat Banyard) who argue that men and women are “equal” in their sexual interest, as in everything else. This is obviously not true, which is why it should not surprise us that some women do use sex, and their erotic capital more generally, to get what they want.
  • The economic benefits of being physically and socially attractive can be substantial, especially in marketing, public relations, television, advocacy in the courts, as well as for actors, singers and dancers. But it’s broader than this: people working in the better-paid parts of the private sector are more attractive than those in the public and non-profit sectors. Tall and attractive people are more likely to be employed in professional jobs, like law or banking. For the ugly and short, it gets worse. Good-looking people can earn 10 to 15 per cent more than the average-looking, who in turn can earn 10 to 15 per cent more than the plain or ugly. The tall earn more than the short; the obese have earnings 10 to 15 per cent below average. Statistical analysis shows this beauty premium is not really just about cleverly disguised differences in intelligence, social class or self-confidence. Studies of lawyers reveal that there is always a premium for attractiveness that varies in size, but is not due to employer discrimination. The most attractive can earn 12 per cent more than the unattractive, and are 20 per cent more likely to achieve partnership in their firm, because they are more effective at pulling in customers.
  • there is a 25 percentage point difference in average earnings between unattractive and attractive minorities. This impact can be as big as the gap between having a degree and no qualifications at all—although it ranks well below intelligence as a determinant of life outcomes.
  • erotic capital—if seen as an economic endowment—is an especially important asset for people with few intellectual abilities and qualifications. In Brazil, investing in cosmetic surgery is seen as a sensible way of getting ahead in a culture where looks and sensuality count. In Britain, too, a 2009 survey of teenage girls found that one-quarter think it is more important to be beautiful than clever.
Javier E

The Latest Frivolous Attack on Obamacare - NYTimes.com - 1 views

  • it now appears possible that the Supreme Court may be willing to deprive millions of Americans of health care on the basis of an equally obvious typo.
  • Last week the court shocked many observers by saying that it was willing to hear a case claiming that the wording of one clause in the Affordable Care Act sets drastic limits on subsidies to Americans who buy health insurance. It’s a ridiculous claim; not only is it clear from everything else in the act that there was no intention to set such limits, you can ask the people who drafted the law what they intended, and it wasn’t what the plaintiffs claim. But the fact that the suit is ridiculous is no guarantee that it won’t succeed — not in an environment in which all too many Republican judges have made it clear that partisan loyalty trumps respect for the rule of law.
  • To understand the issue, you need to understand the structure of health reform. The Affordable Care Act tries to establish more-or-less universal coverage through a “three-legged stool” of policies, all of which are needed to make the system work. First, insurance companies are no longer allowed to discriminate against Americans based on their medical history, so that they can’t deny coverage or impose exorbitant premiums on people with pre-existing conditions. Second, everyone is required to buy insurance, to ensure that the healthy don’t wait until they get sick to join up. Finally, there are subsidies to lower-income Americans to make the insurance they’re required to buy affordable.
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  • the consequences if the suit were to prevail would be grotesque. States like California that run their own exchanges would be unaffected. But in places like New Jersey, where G.O.P. politicians refused to take a role, premiums would soar, healthy individuals would drop out, and health reform would go into a death spiral. (And since many people would lose crucial, lifesaving coverage, the deaths wouldn’t be just a metaphor.)
  • states could avoid this death spiral by establishing exchanges — which might involve nothing more than setting up links to the federal exchange. But how did we get to this point?
  • let’s be clear about what’s happening here. Judges who support this cruel absurdity aren’t stupid; they know what they’re doing. What they are, instead, is corrupt, willing to pervert the law to serve political masters. And what we’ll find out in the months ahead is how deep the corruption goes.
Javier E

SUVs Are Bumper-to-Bumper on Dealer Lots, With More on the Way - WSJ - 0 views

  • The number of crossover and sport-utility models on sale in the U.S. has steadily climbed this decade from 70 individual nameplates in model-year 2014 to 96 currently, according to a Bank of America report. By 2023, that figure is expected to rise to 149 models, the most ever for this category, the report found
  • he estimates the profit premiums auto makers have long enjoyed on these models will fall over the next three years, eventually matching the lower margins now earned on sedans.
  • Today, crossovers and sport-utility vehicles make up more than 47% of the new-vehicle market, while sales of sedans and hatchbacks have plunged this decade to only 30% of the market today, down from about 50% during the same period in 2012
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  • Many drivers say they prefer the elevated ride height and bigger cargo space. Auto manufacturers can charge a premium for the vehicles, which cost only slightly more to produce than similar-sized cars because they share much of the same engineering. For instance, the average price paid for a midsize SUV in May was $37,790, nearly $12,000 higher than a midsize sedan, according to sales data from Kelley Blue Book.
  • Japanese and South Korean car companies have also rolled out new sport-utility offerings as their earnings have been hit by slowing sedan sales—long a sweet spot for brands like Toyota and Honda.
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