Monthly Archives: September 2013

Obamacare crony capitalism hurts Americans employees helps attorneys medical companies, Lawyers top contributors to Obama in 2008, Health care providers and employers with part time workers benefit

Obamacare crony capitalism hurts Americans employees helps attorneys medical companies, Lawyers top contributors to Obama in 2008, Health care providers and employers with part time workers benefit

“Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,””…UPS memo 

“Can we stop calling ObamaCare the Affordable Care Act now?”…Guilford College student

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

I began referring to Obamacare as a tax and control bill by at least March 26, 2010. It is certainly that.

But it is also another glaring example of Obama crony capitalism.

Obama rewarded his top 2008 industry contributor, lawyers and law firms, and one of his his largest crony groups, with no tort reform.

ObamaContributions

From Citizen Wells July 30, 2012.

“Doctor Shortage Likely to Worsen With Health Law”

“In the Inland Empire, an economically depressed region in Southern California, President Obama’s health care law is expected to extend insurance coverage to more than 300,000 people by 2014. But coverage will not necessarily translate into care: Local health experts doubt there will be enough doctors to meet the area’s needs. There are not enough now.

Other places around the country, including the Mississippi Delta, Detroit and suburban Phoenix, face similar problems. The Association of American Medical Colleges estimates that in 2015 the country will have 62,900 fewer doctors than needed. And that number will more than double by 2025, as the expansion of insurance coverage and the aging of baby boomers drive up demand for care. Even without the health care law, the shortfall of doctors in 2025 would still exceed 100,000.”

“The American Medical Association recognizes there are shortages in certain geographic areas and in certain specialties. Part of that is due to the aging population and a stagnant number of medical-school applicants.

But there are other significant reasons. They include the increasing costs of medical malpractice coverage, higher practice costs, lower insurance reimbursement rates and insurance-company restrictions resulting in less autonomy over how patients are cared for.”

“Cost of malpractice insurance forcing doctors to leave high-risk specialties

Lawyers benefit from huge damage awards”

“In New Hampshire, many physicians are leaving as malpractice insurance costs soar. Specialty physicians have experienced a 50 percent increase in premiums from five years ago. The average premium is now close to $100,000 for obstetricians and neurosurgeons.”

Read more:

https://citizenwells.wordpress.com/2012/07/30/obamacare-and-no-tort-reform-why-healthcare-costs-skyrocketed-why-there-is-a-doctor-shortage-obama-and-democrats-in-bed-with-attorneys-and-trial-lawyers/

I was surprised and pleased to find the following article from CNN October 5, 2012.

“Health care act’s glaring omission: liability reform”

“But for all of the Obama administration’s work in creating this 906-page federal law, there is one glaring omission that could decrease the costs of health care and help relieve the upcoming physician shortage.

Medical liability reform.

How could the Obama administration create such a comprehensive overhaul of health care without addressing this issue? Although not a panacea for the health problems in the United States, the need for physicians to practice defensive medicine in order to avoid potential litigation has far-reaching consequences.”

“It’s a well-known fact that family medicine physicians and even obstetrician-gynecologists are giving up the practice of obstetrics because of the excessive cost of malpractice insurance and the fear of potential lawsuits.”

“So why hasn’t the Obama administration included medical liability reform in the Affordable Care Act? I suspect that it comes down to dollars. Not health care dollars or insurance dollars but campaign donation dollars.

According to OpenSecrets.org, since 1990, the American Association for Justice, previously known as the Association of Trial Lawyers of America, has given 92% of its $36.8 million in contributions to Democrats.

The association is also a large contributor to President Barack Obama’s re-election campaign. It is opposed to malpractice tort reform, for obvious reasons, and I suspect that it may have played a significant role in the absence of malpractice liability reform in the Affordable Care Act.”

Read more:

http://www.cnn.com/2012/10/05/health/youn-liability-reform/index.html

From Zero Hedge September 28, 2013.

“Barack Obama promised to fundamentally transform America, and when it comes to health care he has definitely kept his promise.  Thanks to Obamacare, health care spending is up, health insurance premiums are up, the number of hours Americans are working is down and employer-based health insurance is becoming an endangered species.  Of course employer-based health insurance will not disappear completely any time soon, but it has been steadily shrinking for over a decade, and Obamacare will greatly accelerate that decline. “

“And this is a huge reason why the shift from full-time work to part-time work in America has accelerated this year.  Obamacare creates an incentive for companies to have more part-time workers and less full-time workers.  In fact, almost all of the jobs that have been “created” by the U.S. economy in 2013 have been part-time jobs.

But it is incredibly difficult to try to support a family on a part-time job.  Sadly, the quality of our jobs continues to decline rapidly and only 47 percent of all adults have a full-time job in America today.  This is only going to continue to get even worse under Obamacare.

As a result of these trends, more Americans are going to be forced to go out and buy health insurance “on the individual market”.  When they do, they are likely to be in for a really nasty surprise

 
 

Andy and Amy Mangione of Louisville, Ky. and their two boys are just the kind of people who should be helped by ObamaCare. But they recently got a nasty surprise in the mail.

“When I saw the letter when I came home from work,” Andy said, describing the large red wording on the envelope from his insurance carrier, “(it said) ‘your action required, benefit changes, act now.’ Of course I opened it immediately.”

It had stunning news. Insurance for the Mangiones and their two boys,which they bought on the individual market, was going to almost triple in 2014 — from $333 a month to $965.

The insurance carrier made it clear the increase was in order to be compliant with the new health care law.”

Read more:

http://www.zerohedge.com/news/2013-09-28/result-obamacare-employer-based-health-insurance-becoming-extinct

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FHA bailout, $1.7 billion to stabilize its long term finances, First taxpayer bailout in 79 years, FHA commisioner Carol J. Galante Obama appointee

FHA bailout, $1.7 billion to stabilize its long term finances, First taxpayer bailout in 79 years, FHA commisioner Carol J. Galante Obama appointee

“What do you think a stimulus is? It’s spending – that’s the whole point! Seriously.”…Barack Obama

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From the LA Times September 27, 2013.

“Federal Housing Administration needs $1.7-billion bailout”

“The Federal Housing Administration, whose role in the real estate market expanded dramatically in recent years, on Friday said it would need approximately $1.7 billion to stabilize its long-term finances.

It marks the first time the 79-year-old agency will require a taxpayer bailout, which it has the authorization to receive without congressional approval.

The FHA, which insures more than $1 trillion in mortgages, is funded by premiums charged to homeowners. But the actions it took to stabilize the housing market after the subprime housing bubble burst left it backing billions of dollars in bad loans.”

“In a letter to lawmakers Friday, FHA Commissioner Carol Galante said the agency would need about $1.7 billion on Monday, the last day of the fiscal year, to ensure it has sufficient reserves to cover anticipated losses on the loans it backs.

A bailout has been expected since April, when the Obama administration’s proposed 2014 budget projected the FHA would need $943 million by Sept. 30.

But the size of the bailout nearly doubled because the number of mortgages the agency has backed declined in the last few months as mortgage rates have risen, Galante said.”

“Many Republicans have been critical of the FHA’s expanded role in the housing market, warning that it put taxpayers on the hook for losses. House Republicans are pushing legislation that would scale back the FHA’s role.”

Read more:

http://www.latimes.com/business/money/la-fi-mo-federal-housing-administration-fha-bailout-20130927,0,6044953.story

Carol J. Galante is an Obama appointee.

“The Federal Housing Administration (FHA) of the Department of Housing and Urban Development, which provides a variety of insurance options for qualified loans on existing homes, home construction and repair, and is also responsible for regulation of the Real Estate Settlement Procedures Act and the manufactured housing industry, has been without a permanent leader since April 2011. Carol J. Galante, who currently serves as Acting Assistant Secretary for Housing-FHA Commissioner, was nominated by President Obama on October 20, 2011, to lead the federal agency on a permanent basis. Although the Senate Banking Committee voted to send her nomination to the Senate floor, some conservative Republicans, charging that the Obama administration has not faced the probability of an FHA bailout, may attempt to prevent her confirmation.”

http://www.allgov.com/news/appointments-and-resignations/assistant-secretary-for-housing-federal-housing-commissioner-who-is-carol-galante?news=843880

 

British Royal Marine saved 100 lives in Kenya, Returned to building dozen times despite intense gunfire, Hero of Nairobi siege, But it’s “Saviour of ‘is country” when the guns begin to shoot

British Royal Marine saved 100 lives in Kenya, Returned to building dozen times despite intense gunfire, Hero of Nairobi siege, But it’s “Saviour of ‘is country” when the guns begin to shoot

“You talk o’ better food for us, an’ schools, an’ fires, an’ all:
We’ll wait for extry rations if you treat us rational.
Don’t mess about the cook-room slops, but prove it to our face
The Widow’s Uniform is not the soldier-man’s disgrace.
For it’s Tommy this, an’ Tommy that, an’ “Chuck him out, the brute!”
But it’s “Saviour of ‘is country” when the guns begin to shoot;
An’ it’s Tommy this, an’ Tommy that, an’ anything you please;
An’ Tommy ain’t a bloomin’ fool — you bet that Tommy sees!”…”Tommy”, Rudyard Kipling

“The problem occurs, sir, in those areas precisely where we have said ‘no guns.’ The problem doesn’t occur where the guns are allowed freely to be carried to be used by people. There we have very low murder rates.”…Larry Pratt

“Weaker people, whether at school, at home or elsewhere are best protected from stronger people, with ill intent, by guns and proper security measures.”…Citizen Wells

 

 

From the Daily Mail September 24, 2013.
“British hero of the mall massacre: Ex Royal Marine with a handgun saved 100 lives as terrorists ran amok”

A former marine emerged as a hero of the Nairobi siege yesterday after he was credited with saving up to 100 lives.

The ex soldier was having coffee at the Westgate mall when it was attacked by Islamists on Saturday.

With a gun tucked into his waistband, he was pictured helping two women from the complex.

His story emerged as sporadic gunfire continued to ring out from inside the mall early today as Kenyan security forces battled Al Qaeda-linked terrorists into a fourth day.

Despite Kenyan police assurances that they had taken control of the building, a security expert with contacts inside the mall said at least 10 hostages were still being held by a band of attackers, possibly as many as 13.

The former soldier is said to have returned to the building on a dozen occasions, despite intense gunfire.

A friend in Nairobi said: ‘What he did was so heroic. He was having coffee with friends when it happened.

‘He went back in 12 times and saved 100 people. Imagine going back in when you knew what was going on inside.’

Sources said the soldier was in the Royal Marine and now lives in Kenyan. He cannot be named for security reasons.

Read more:

http://www.dailymail.co.uk/news/article-2430201/British-hero-mall-massacre-Ex-Royal-Marine-handgun-saved-100-lives-terrorists-ran-amok.html#ixzz2fwlSfDGn

California health care costs higher than reported, Obamacare impact, Produce price increases, $ 5000 deductible, College students already doubled tripled and more nationwide

California health care costs higher than reported, Obamacare impact, Produce price increases, $ 5000 deductible, College students already doubled tripled and more nationwide

“The cost of health insurance will climb from a range of $61 to $77 monthly to a range of $118 to $133 monthly, according to a memo sent from UNC President Tom Ross to the UNC Board of Governors. On an annual basis, most students will pay about $500 to $700 more in 2012-13, depending on the campus.”

“Mallette said the insurance increases are due to the health care usage of UNC system students during the past couple of years, plus federal regulations on preventive care and pharmacy services issued in March. The process is complicated, he said, by the new provisions of the Affordable Care Act.”…Charlotte Observer May 1, 2012

“Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,””…UPS memo 

“Can we stop calling ObamaCare the Affordable Care Act now?”…Guilford College student

One cannot escape the lies from the Obama camp, mainstream media and low information voters.

I recently observed a pro Obamacare protestor touting the health care savings in California.

Since I am a well informed, high information voter I knew that was a lie.

For example.

From Forbes May 30, 2013.

“Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%”

“Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.

One of the most serious flaws with Obamacare is that its blizzard of regulations and mandates drives up the cost of insurance for people who buy it on their own.

This problem will be especially acute when the law’s main provisions kick in on January 1, 2014, leading many to worry about health insurance “rate shock.””

“For both 25-year-olds and 40-year-olds, then, Californians under Obamacare who buy insurance for themselves will see their insurance premiums double.”

Calif-rate-shock-graph1

Read more:

http://www.forbes.com/sites/theapothecary/2013/05/30/rate-shock-in-california-obamacare-to-increase-individual-insurance-premiums-by-64-146/

From the NY Times August 20, 2013.

“Tacking Health Care Costs Onto California Farm Produce”

“On a recent morning, Jose Romero pulled weeds from a row of lush tomato plants. Mr. Romero, 36, arrived at the field around 5 a.m. and worked until sunset. Like many of the other workers in the tomato field, he was surprised to learn that his employer, Mr. Herrin at Sunrise Farm Labor, would have to offer him health coverage, and that he could be asked to contribute up to 9.5 percent of his wages to cover the costs.

“We eat, we pay rent and no more,” Mr. Romero said in Spanish. “The salary that they give you here, to pay insurance for the family, it wouldn’t be enough.”

There seems to be widespread agreement among agricultural employers, insurance brokers and health plans in California that low-wage farmworkers cannot be asked to pay health insurance premiums. “He’s making $8 to $9 an hour, and you’re asking him to pay for something that’s he’s not going to use?” Mr. Herrin said.

The minimum compliant health plan for employee coverage under the new law will cost about $250 a month in California’s growing regions, according to insurance brokers, and includes a $5,000 deductible for medical care, although insurers cannot charge co-payments for preventive visits. “It’s unacceptable,” Mr. Herrin said of the cost.”

Read more:

http://www.nytimes.com/2013/08/21/us/tacking-health-care-costs-onto-california-farm-produce.html?_r=0

You read that right.

$250 a month for health insurance with a $5,000 deductible.

College students across the country saw huge increases in their health insurance beginning in 2012 directly attributed to Obamacare.

Durable Goods capital expenditures disappoint, Revised downward, September 25, 2013 Census report, Bernanke and Fed correct on bad economy

Durable Goods capital expenditures disappoint, Revised downward, September 25, 2013 Census report, Bernanke and Fed correct on bad economy

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“I don’t think the Fed can get interest rates up very much, because the
economy is weak, inflation rates are low. If we were to tighten policy, the
economy would tank.”…Ben Bernanke, July 17, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

From Zero Hedge September 25, 2013.

“Core Durable Goods, CapEx Both Miss; Revised Downward”

“Moments ago we got the latest confirmation the much delayed capital expenditures corporate spending spree – aside for airplanes ordered on spec of course – just refuses to arrive.

While the headline durable goods print rose by a modest 0.1% in August, and beat expectations of a -0.2% decline, this was offset by a prior month revision lower from -7.3% to -8.1%, in effect netting even worse for the current month, and likely resulting in even more declines in Q3 GDP tracking estimates. More importantly, when stripping away airplane orders (on spec, and which are just a function of the credit environment), durable goods declines -0.1% on expectations of a 1.0% increase, which also was the third consecutive miss in this series in a row. Finally, the two most important metric tracking pure CapEx: capital goods orders and shipments non-defense excluding aircraft, both missed expectations, rising at 1.5% vs 2.0%, and 1.3% vs Exp. 1.5%, respectively. It looks like the Fed (and all those other skeptics who called “bull” on the latest talk of a recovery) was well aware of just how bad things in the economy are, and becoming, when it decided not to taper after all.”

Read more:

http://www.zerohedge.com/news/2013-09-25/core-durable-goods-capex-both-miss-revised-downward

Raghuveer Nayak pleads guilty to fraud, Obama Blagojevich ties, Bribed doctors to send patients to his surgery centers, By 2008 donated $ 750K to Obama Blagojevich et al

Raghuveer Nayak pleads guilty to fraud, Obama Blagojevich ties, Bribed doctors to send patients to his surgery centers, By 2008 donated $ 750K to Obama Blagojevich et al

Why did Patrick Fitzgerald and the US Justice Department wait until December 2008 to arrest Rod Blagojevich?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

“There is enough corruption in Illinois so that all it takes is someone who is serious about finding it to uncover it. If a U.S. attorney is not finding corruption in Illinois, they’re not seriously looking for it.”…Northwestern Law Professor James Lindgren

The ghosts of Obama’s past are still appearing.

From the Chicago Tribune September 20, 2013.

“Key figure in Blagojevich saga pleads guilty to fraud

Businessman accused of bribing doctors to perform procedures at his surgery centers”

“Raghuveer Nayak, an influential Chicago businessman who figured in the downfalls of former Gov. Rod Blagojevich and ex-U.S. Rep. Jesse Jackson Jr., pleaded guilty Friday in his own criminal case to federal fraud charges that he bribed doctors to send patients to surgery centers he owns.

A major fundraiser for Blagojevich and Jackson, Nayak was never charged in his central role in the Blagojevich corruption saga. But he faced an October trial on multiple counts of fraud and filing false tax returns involving his Illinois and Indiana surgery centers.

In a deal reached Friday, Nayak, 58, pleaded guilty to one count each of impeding the IRS and mail fraud. The mail fraud charge is under the controversial “honest services” provision of federal criminal law. Nayak reserved the right to appeal the mail fraud count if another federal court upholds a challenge to the “honest services” provision in a separate case.

Nayak is seeking as little as 18 months in prison, while prosecutors said they want up to five years and three months. A sentencing hearing was scheduled for Jan. 22-23.”

“Nayak made millions of dollars from his surgery centers — private facilities where doctors perform outpatient procedures, from plastic surgery to orthopedics.

Nayak also became a go-to political fundraiser in Chicago’s Indian community. He hosted fundraisers and often contributed himself.

He gave mostly to Democrats, and by 2008 he and his wife had spread more than $750,000 to politicians, including Blagojevich, Obama, Illinois Attorney General Lisa Madigan and Gov. Pat Quinn.”

Read more:

http://articles.chicagotribune.com/2013-09-20/news/ct-met-nayak-guilty-plea-20130921_1_nayak-sandi-jackson-surgery-centers

US and NC economy and jobs much worse than reported, Bernanke exposed the fragility of the US economy, Media under reports, Financial markets ignore, It is about people and families

US and NC economy and jobs much worse than reported, Bernanke exposed the fragility of the US economy, Media under reports, Financial markets ignore, It is about people and families

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“The Labor Force Participation Rate in NC has dropped 1.6 percent in 2013.”…Citizen Wells

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

 

 

I have tried to report the reality of the economy and jobs situation in the US and my home state of NC.

Even though I write about and comment about politicians, I am pretty much apolitical.

After all, what happens in this country is about people, their families and their lives.

I was touched recently by this ad in Craigslist.

“IM LOOKING FOR SOMEONE TO TAKE OVER PAYMENTS ON MY WHITE 2008 KIA SPECTRA. THE PAYMENTS ARE AROUND $225 PER MONTH. IT IS IN GOOD CONDITION WITH AROUND 80,000 MILES ON IT. I RECENTLY LOST MY JOB AND CAN NO LONGER MAKE PAYMENTS. MAKE A REASONABLE OFFER AND IT IS YOURS!”

This is not a statistic.

It is a real person who has lost a job.

I know and I am certain that you know people who have been affected by the job market and economy.

From Citizen Wells September 20, 2013.

The article from Independent Review Journal, in a series of graphs, paints a picture of the true state of the economy and the changes in the past 5 years.

  • There are 12.6 percent more part time jobs and 4.6 percent fewer full time jobs.
  • Even with part time workers being counted the stated unemployment rate is 7.3 percent instead of 5 percent.
  • The labor force participation rate has plummeted 3 percent.
  • The average length of unemployment has risen from 17.7 weeks to 37 weeks.
  • Median household income has dropped $ 5,000.

Read more:

https://citizenwells.wordpress.com/2013/09/20/us-economy-healthy-obama-democrat-economic-policies-helped-12-6-more-part-time-jobs-high-unemployment-labor-force-plummeted-average-length-of-unemployment-more-than-double-median-household-in/

I would like to thank Zero Hedge for this article.

“What Bernanke Did”

“What Ben Bernanke did by not Tapering was expose the fragility of the US economy for all to see. His actions, Mises Institute’s Peter Klein explains in this brief clip, based on the premise that the US economy was not capable of sustaining any reduction in the $85 billion per month stimulus free-money, means once again “the economy is so dependent on artificial stimulation from the central bank… that the economy is in another artificial boom just like the artificial boom we have been trying to get out of.” Critically, for all those proclaiming the US as a “cleanest shirt,” Bernanke proved them wrong (and exposed the fallacy of data such as the unemployment rate and jobless claims as having any value – as we have explained).”

Read more:

http://www.zerohedge.com/news/2013-09-21/what-bernanke-did