Is Obamacare Financially Sound? The Truth is Hidden

We can’t tell if Obamacare is financially sound if the government is no longer tracking its finances. Yesterday, I wrote about a Washington Times report that the CBO was predicting massive price hikes for insurance that was offered through the Federal exchange or through the state exchanges. The story also gave the CBO’s spin in favor of the law: Overall, the CBO said, health care costs for the government and for private consumers are lower than expected just a few years ago. That means Read more […]

Is Barack Obama Doing Pretend Environmentalism?

I pointed out yesterday that Barack Obama is siding with one industry over another in his new EPA proposals. However, it is possible that all of this is fakery. Think about it. Despite the environmentalist accusations against fracking, Obama claimed natural gas as a clean source of energy along with all the others. Unlike solar energy and wind farms, natural gas is a truly competitive form of energy. It is already being used to meet energy needs, and really has no need for subsidies or other help Read more […]

Obamacare-Induced Spending Shows How the GDP Measure Means Nothing

Megan McArdle wasn’t writing about how the Gross Domestic Product is a scam that measures almost nothing and is just used for propaganda purposes with no science behind it. I assume she would disagree with that assessment. She’s mastered the gobbledygook discipline of modern economics more than I ever will, so I guess she will speak with authority. But what she says about Obamacare expenditures is really amazing: The good news about health-care expenditures is that they’re propping up Read more […]

Blaming “Distressed Babies”? A Real Economist Agrees With Me On Tim Armstrong

I don’t always agree with Megan McArdle, but I certainly do appreciate her when she agrees with me. I wrote about Tim Armstrong (and related matters) yesterday. Tim Armstrong, the CEO of AOL, made changes in the way 401(k)s were handled (he has since reversed the decision). He explained the changes by mentioning two “distressed babies.” This produced a lot of anger. The mother of one of the “distressed babies” wrote an article about it at The article, I wrote, … described Read more […]

Via Obamacare And Other Plagues, Obama Is Trying To Turn All U.S. Into Ventura County, CA

That’s not a good thing! Megan McArdle led me to this blog post this morning: “A Milestone to Celebrate: I Have Closed All My Businesses in Ventura County, California.” Normally, the closure of a business operation or division is not grounds for a celebration, but in this case I am going to make an exception.  At midnight on December 31, I not only drank a toast to the new year, but also to finally getting all my business operations out of Ventura County, California. Never have I operated Read more […]

Megan McArdle Nails How Elitism Works In A “Democracy”

Megan McArdle wrote a post today arguing that Congress is not going to experience the same version of Obamacare as the rest of us. What does seem likely is that they will not have the experience that ordinary people have. For one thing, those who buy on the exchange are having their premiums heavily subsidized by the federal employment system. For another, as the New York Times reports, whatever exchange they’re on will make damn sure that whatever the problems regular folks encounter, Congressmen Read more […]

Is Going To Start A Death Spiral?

Megan McArdle offers her analysis on why a non-working website could have catastrophic consequences. It is not impossible to buy insurance, but merely very difficult. If it were impossible, then we could all just agree to move to Plan B. And if it were as easy as everyone expected, well, we’d see if the whole thing worked. But what we have now is a situation where only the extremely persistent can successfully complete an application. And who is likely to be extremely persistent? Very sick Read more […]

USATODAY: The Government-Funded Hospital Boom Is Bursting

On an “ideological” level, I mostly find Megan McArdle far too “establishment” to say I like her. But she does have some real skills in economic analysis. Because of her, I wasn’t surprised at all at the recent USA Today headline: “A Job Engine Sputters As Hospitals Cut Staff.” Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and inpatient visits. The payroll cuts are surprising Read more […]