Rich TAkes! On the Health System

I found this at Red State, it reflects closely what I’ve held for years. So here is 

Rich TAkes on:

A few radical ways to shut down Obamacare

But first, here is a message from the Heritage Foundation on the effects of defunding Obamacare: 

(as always, my comments appear in cayenne)

from the article:

…Now on to the second issue of how we could improve health care if we are lucky enough to stop this abomination called Obamacare. Here are some suggestions.

1. Implement tort reform: Cut down on frivolous lawsuits and defensive medicine, and you reduce the cost of health care by 10 percent instantly. While we’re at it, let’s go back to the time when lawyers were not allowed to advertise on TV. We don’t need lawyers on TV talking lazy, unemployed bums into claiming brain damage from a phony medical error.

>> We can do tort reform while recognizing that genuine malpractice should have consequences. I would also like to see an end to ambulance chasers gathering class actions via TV ads (like mesotheleoma, several IUDs, and other such groups) but this seems to conflict with the first amendment. <<

2. End state government-run health insurance monopolies: Allow insurance companies to sell across state lines. Allow anyone from any place to buy the best coverage for the money, regardless of the state. Instead of only having a few choices, you would have more than 1,300. Competition lowers cost — just look at your cellphone bill now compared with 10 years ago.

>>The People or employers should be free to decide what coverage they require, instead of the states. The prohibition against selling health insurance across state lines dates back to the New Deal, and only serves to drive up costs and limit choices. We can optionally buy car insurance (okay, this is not an option if you plan on driving a car), life insurance, disability insurance and more across state lines, and in some cases, worldwide. You don’t want to buy coverage that includes happy pills, hysterectomies or vasectomies? If you’re gay, should you be paying for well-child and pregnancy coverage? You should have that choice. You should also be free to not purchase health insurance at all. You should also be free to buy high deductible insurance, which used to be known as “major medical”. See bullet point 4.<<

3. Reduce drug-addicted newborn babies: There is a drug-addicted baby born every hour in America, at a cost of $1 million per child. This needs to stop. Make having crack babies child abuse punishable by a minimum of five years in prison. When people know there is a tough consequence for their actions, many will change their ways. At least those who break the law won’t be making more drug-addicted babies for five years.

<< I hadn’t considered this before, but it’s hard to argue that having drug-addicted babies is not child abuse. >>

4. Create health saving accounts: Allow people to buy low-cost catastrophic health coverage, and then put money into a savings account for their everyday health care. Watch how prices drop when consumers start asking how much a certain treatment or procedure costs before getting it. Americans know how to shop, so let them.

<< Going back to the cash plan will save everybody more, including the health care providers who suddenly won’t need to hire three employees to wade through mountains of paperwork to get paid, to say nothing about the claims adjusters the insurance companies will no longer need. We have had limited HSAs for decades, but they have been mostly pre-tax on an annual use it or lose it basis. Obamacare limits HSA contributions to $2500.00 beginning next month which won’t affect many of us, except for those who actually need it, such as those with autistic children or some other birth defect.

If I were to design a health plan for younger folks, I’d allow HSAs to roll-over and accumulate and set the deductible to increase according to use. For most of us, this account would accrue with interest over the years, and be available in the fifties or later when actual use begins to occur. Wider use of HSAs would also eliminate the need for dental or eye care coverage, just for starters. >>

Continue reading Rich TAkes! On the Health System

Social Economics for Fifth Grade.

“A government big enough to give you everything you want is a government big enough to take away everything you have.”

~ Ronald Reagan ~

 

Very entertaining animation featuring Ronald Reagan explaining how socialism works to Barack Obama. Reagan is teaching class, and the students include Nixon, Carter, both Clintons, both Bush 41 and 43 . . .well, you get the idea. Any fifth grade student can understand this concept, please show it to any kids you know, because they probably will not learn this lesson in class.

 

Keynes v Hayek, Obama v Romney

I initially posted this at maclectic/Forums/politics on Jan 29, 2010. Barack Obama had just completed his first year, and Nancy Pelosi and Harry Reid set the stage in Congress:

Yesterday the Senate approved raising the debt ceiling another 1.9 Trillion across a party-line vote. Had it not passed, the fall-back plan was to approve the 635 Billion already approved by the House. Naturally, raising the ceiling again wouldn’t look good next fall right before the mid-term elections, so our fearless Senate simply doubled down on the ceiling.

Following WWI, two major and opposing “schools” of economics appeared. 

The first was known at the time as “classic liberalism” today we know it as the Austrian School. Ludwig Von Mises and F.A Hayek were major proponents. The prime tenets of this economic theory was that individuals, and their contributions can create wealth and add value to society more efficiently with the least amount of government interference and control. The Chicago School which Milton Freidman spear-headed is an off-shoot in a sense of the Austrian School of thought. Today in the US at least, most folks who align with this theory are generally regarded as conservatives in an economic sense. In parts of Europe and academia they are still known as “classic liberals” which should not be confused with the progressive movement.

Second, at about the same time, John Maynard Keynes was developing his progressive economic theories in London. He believed that money or wealth would always be in a constant fixed supply, and that governments could control markets by controlling the money supply. This theory punished producers with excessive taxes, a policy which created a self-fulfilling prophecy, and producers found ways to reduce their output, since punitive taxes also reduced individual incentive to create and produce goods and services.

Keynesian Economics also held that governments could artificially stimulate an economy by pumping up the money supply, also known as printing money. Governments also used such gimmicks to deflate the value of their currency in order to pay international debts at lower than agreed to rates. This is known as monetizing debt. The US, England and Germany all used the Keynesian theory to print money to prop up their respective economies after the Great Depression (in Germany’s case beforehand). The Weimar Republic printed so much currency in order to pay off punitive WWI war-debts that the government finally collapsed which led to the rise of the Third Reich.

Sadly, the Keynesian School was known as gospel in most governments in the West for much of the 20th century with a few exceptions. It is making a strong come-back today. We are monetizing our debt, something that the Chinese and Arabs are not looking fondly upon, since they now hold such a large part of it.

Today, our government is creating the most forceful shift to failed Keynesian theories since the days of FDR and his progressive vision which we are all still paying for today. Governments can not create wealth, they can only confiscate it regardless of the amount of currency they are printing. 

It still takes individuals and producers willing to risk, to create and innovate to create wealth, it is not a static target. We should go back to creating an environment which rewards instead of demonizing the risk-takers, and the producers of the world. We will all be richer for it in the long run.

I’m not a big fan of hip-hop, or rap as we used to call it. This is a very entertaining rap production of an imagined meeting of Keynes and Hayek during current times. It is very well produced, and brings into contrast the two major economic schools of thought in a creative way. I hope you enjoy it.

In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there’s a “boom and bust” cycle in modern economies and good reason to fear it.

About 6:30 running time with an additional 60 seconds of credits.

Hit the read more for lyrics, and additional links.

Continue reading Keynes v Hayek, Obama v Romney

Di Leo: ON HEALTHCARE REFORM, THE DEVIL IS IN THE SPIN

ON HEALTHCARE REFORM, THE DEVIL IS IN THE SPIN

DiLeo, John 2

By John F. Di Leo –

The Obama administration, along with their PelosiReidian enablers

in the United States Congress, gave a great deal of thought to the timing of various events in the Obamacare process.

They passed it through the House when the American public was distracted by the massacre at Fort Hood… they passed it through the Senate when the nation was distracted by Christmas Eve celebrations… they designed it so that the taxes would begin to be collected immediately, but the benefits wouldn’t start for four years, so they could pretend to stretch ten years of taxes to fund six years of benefits.  
 
Of course this accounting sham would collapse in its second decade, but that didn’t matter to them; once it was fully effective, they were sure it would never be repealed, no matter how incredibly destructive it turned out to be. And they may be right; that window of opportunity for a second chance at redemption is rapidly closing.

With all their concentration on timing, however, they neglected to consider one key, unchangeable moment, now locked into the American corporate world:  healthcare open enrollment sessions are almost always in October, as employees can choose their plans for the following year.  And that all happens now, within weeks or even days of casting our ballots.

The Annual Presentation:

Most companies now offer a presentation to their employees – the larger the company, the more presentations – at which Human Resources professionals explain the options for next year, the changes from the prior year’s program, what it’s going to cost, what the employees need to do by the end of the open enrollment period.

There will be changes this year, many changes.

If you like using the Flexible Spending Account option

– the program of paying your medical, dental and vision bills with pretax dollars, you’ll see a big change, as the old $5000/year maximum shrinks to $2500 for 2013.  This doesn’t matter to most of us…  most people just use a few hundred dollars per year in this use-it-or-lose-it account to cover doctor visit copays and prescription copays.  But to those with a couple of kids who need braces, or those with expensive vision work, or other surgeries planned, the loss of that $2500 means an increase in the price of those services… an increase that goes directly into the government’s coffers.   The hundred dollars you pay the orthodontist or other surgeon won’t change; he’s still getting the same hundred dollars.  But now that it’s paid with post-tax money, you’ll be paying another ten, twenty, or thirty percent of it to the government.  It’s a windfall for Washington.

Continue reading Di Leo: ON HEALTHCARE REFORM, THE DEVIL IS IN THE SPIN

Meet Paul Ryan

Mitt Romney made his first big executive decision when he announced Representative Paul Ryan as his running mate at the USS Wisconsin last Saturday. Romney has signaled to the world that he is serious about fixing the total mess that is Washington today.

Paul Ryan’s Day | Black & Right

Ryan’s complete speech when announced and introduced as the Veep candidate, above.

 

Here is Paul Ryan at Obama’s dog and pony show Healthcare summit in 2010.

Paul Ryan delivers this year’s CPAC keynote address:

Facing the tough questions on Hardball with Chris Matthews:

Suggested reading:

Man with a Plan | The Weekly Standard

John Fund: Smart Democrats Should Be Worried

Let The Ryan-Liberal Media Hypocrisy Begin | Black & Right

Obama and Ryan have tangled repeatedly – Washington Times