CBO’s Alternate Facts About Obamacare

Millions may lose cov­er­age next year if Con­gress does not repeal Oba­macare.

That’s not what this week’s Con­gres­sion­al Bud­get Office (CBO) analy­sis says, but it is real­i­ty. CBO’s esti­mat­ing mod­els seem imper­vi­ous to reality.

In the real world, the Oba­macare exchanges are in cri­sis, mil­lions of unin­sured peo­ple will­ing­ly pay or avoid IRS penal­ties, and con­sumers strug­gle with ris­ing pre­mi­ums and cost-shar­ing require­ments.  Read more on Nation­al Review Online.

The Rand Paul Bill: Obamacare Plus?

House Repub­li­cans are expect­ed to roll out their high­ly antic­i­pat­ed bill to repeal and replace Oba­macare this week, but a more obscure mea­sure intro­duced by Rand Paul (R‑KY) is gain­ing atten­tion and should not escape notice.

Paul, who has posi­tioned him­self as a lead­ing con­ser­v­a­tive crit­ic of the forth­com­ing GOP pro­pos­al, has spon­sored a mea­sure that would leave untouched both Obamacare’s $1 tril­lion in tax­es and its Med­ic­aid expansion.

Stranger still, though Paul has char­ac­ter­ized Repub­li­can plans for an age-relat­ed refund­able tax cred­it as “Oba­macare Lite,” his bill does the unthink­able: It retains the Oba­macare income-relat­ed refund­able tax cred­its.  Read more on Forbes.

It’s Time To Shut Down Healthcare.gov

Dur­ing the ear­ly 1970s, stu­dents at Stan­ford Uni­ver­si­ty and the Mass­a­chu­setts Insti­tute of Tech­nol­o­gy car­ried out what is reput­ed to be the first e‑commerce trans­ac­tion: the sale of an unde­ter­mined quan­ti­ty of marijuana.

This year, glob­al online retail sales are pro­ject­ed to exceed $2.4 tril­lion. By 2020, e‑commerce will account for 14.6 per­cent of all retail pur­chas­es, near­ly dou­bling its mar­ket share in just five years. Con­sumers shop online for every­thing from cars to car insurance.

Which rais­es the ques­tion: Do we real­ly need HealthCare.gov?  Read more on The Hill.

Insurance Industry Campaigns To Keep Unlawful ObamaCare Cash

When is a gov­ern­ment pro­gram not a gov­ern­ment program?

When the insur­ance indus­try says it isn’t.

In its effort to keep bil­lions in unlaw­ful Oba­macare cor­po­rate sub­si­dies flow­ing, the indus­try is try­ing to per­suade Con­gress that it receives no fed­er­al funds through the fed­er­al “rein­sur­ance” pro­gram. Good luck with that.  Read more.

DOJ’s Zero Tolerance Of Zero Tolerance

A Justice Department report critical of the Baltimore police missed the point. So did those who praised and faulted it. [Credit: NY Post]

A Jus­tice Depart­ment report crit­i­cal of the Bal­ti­more police missed the point. So did those who praised and fault­ed it. [Cred­it: NY Post]

The Depart­ment of Jus­tice report on Bal­ti­more police prac­tices has prompt­ed pre­dictable reac­tions from Left and Right.

The report con­firmed sus­pi­cions on the Left that police uncon­sti­tu­tion­al­ly harassed African-Amer­i­can males. From the Right came reflex­ive defens­es of the police.

Both have a point.  And both miss the point.  As does the report itself. Con­tin­ue read­ing →

Obamacare Consensus: Insurers Need Government Handouts

Congress and the courts are losing patience with the government's lawless implementation of Obamacare, which involves unlawful expenditures to subsidize insurance companies.  [Credit:forbes.com]

Oba­macare’s sur­vival depends on gov­ern­ment hand­outs to insur­ers. [Credit:forbes.com]

The Com­mon­wealth Fund recent­ly released a study of the Oba­macare indi­vid­ual mar­ket.  It found that cor­po­rate sub­si­dies like the rein­sur­ance pro­gram have played a “cru­cial role in help­ing insur­ers tran­si­tion.”  Because that “tran­si­tion” has so far gone poor­ly, the authors rec­om­mend that pol­i­cy­mak­ers not allow the rein­sur­ance pro­gram to expire at the end of the year, as required under cur­rent law. They believe that the hand­outs should con­tin­ue “until the reformed mar­ket has matured.”  To find out why that’s a ter­ri­ble idea, click here.

Does Putin Back Hillary?

Russ­ian Pres­i­dent Vladimir Putin and Demo­c­rat stan­dard-bear­er Hillary Clin­ton in hap­pi­er times. [Cred­it: thepoliticalcarnival.net]

Per­haps because I’m in Italy, I’ve not been infect­ed by the con­ta­gion that has spread more rapid­ly than the Zika virus: the febrile notion that Russ­ian pres­i­dent Vladimir Putin is sub­vert­ing our elec­toral process in an effort to elect Don­ald J. Trump as president.

Nev­er has such con­spir­a­to­r­i­al spec­u­la­tion mutat­ed so quick­ly into received wis­dom. Con­tin­ue read­ing →