Student Loans: Punishing People Who Play By The Rules

President Obama believes that requiring student loans to be repaid is punishing good behavior.  [Credit: NPR]

Pres­i­dent Oba­ma believes that requir­ing stu­dent loans to be repaid is pun­ish­ing good behav­ior. [Cred­it: NPR]

“If some­body plays by the rules, they shouldn’t be pun­ished for it.” — Pres­i­dent Obama

The Pres­i­dent made this inar­guable state­ment in the course of pro­claim­ing a change in the law gov­ern­ing stu­dent loans.  Hence­forth, mil­lions of peo­ple who bor­rowed for col­lege will have their month­ly pay­ments restruc­tured and, in some cas­es, be entire­ly relieved of the oblig­a­tion to repay their debt.

In the President’s mind, bor­row­ing mon­ey is play­ing by the rules; pay­ing it back is pun­ish­ment. Con­tin­ue read­ing →

Was Speaker Boehner Right About Obamacare?

House Speaker John Boehner (R-OH) was heavily criticized for saying last month that Obamacare cancelations had outnumered enrollments.  Now a new study touted by the Administration shows that he had a point.  [Credit: Politico]

House Speak­er John Boehn­er (R‑OH) was heav­i­ly crit­i­cized for say­ing last month that Oba­macare can­ce­la­tions had out­nu­mered enroll­ments. Now a new study tout­ed by the Admin­is­tra­tion shows that he had a point. [Cred­it: Politico]

“When you look at the 6 mil­lion Amer­i­cans who have lost their poli­cies and some — they claim 4.2 mil­lion peo­ple who have signed up — I don’t know how many have actu­al­ly paid for it — that would indi­cate to me a net loss of peo­ple with health insur­ance.”  House Speak­er John Boehn­er (R‑OH)

Boehner’s state­ment last month that few­er peo­ple had gained cov­er­age through health exchanges than had lost their insur­ance due to can­ce­la­tions required by the health care law was met with wide­spread deri­sion. The state­ment earned him 4 Pinoc­chios from the Wash­ing­ton Post’s Fact-Checker.

But a new sur­vey released by the RAND Cor­po­ra­tion at least par­tial­ly vin­di­cates the Speaker’s claim. Con­tin­ue read­ing →

Obamacare By The Numbers: Medicaid

Obamacare supporters are greatly inflating estimates of the number of previously uninsured people that have gained coverage because of the new law.  Here's sensible look at the numbers. [Credit: CNN/Money]

Oba­macare sup­port­ers are great­ly inflat­ing esti­mates of the num­ber of pre­vi­ous­ly unin­sured peo­ple that have gained cov­er­age because of the new law. Here’s sen­si­ble look at the num­bers. [Cred­it: CNN/Money]

Near­ly 13 mil­lion Amer­i­cans now have health insur­ance thanks to Oba­macare. Tell Repub­li­cans to stop vot­ing to take their cov­er­age away. – Demo­c­ra­t­ic Leg­isla­tive Cam­paign Com­mit­tee peti­tion drive

Hyper­bole over how many peo­ple have pre­sum­ably gained health cov­er­age as the result of Oba­macare won’t sub­side any­time soon. At its cur­rent pace, we seem des­tined to reach the point where the num­ber of peo­ple who are alleged to have gained cov­er­age because of Oba­macare sur­pass­es the num­ber that lacked cov­er­age in the first place. Con­tin­ue read­ing →

Curly Howard And Our Health Care System

Curly Howard didn't design our healthcare system, but his plumbing misadventure helps explain why it's such a mess -- before and after Obamacare.  [Credit: wondersinthedark.com]

Curly Howard did­n’t design our health­care sys­tem, but his plumb­ing mis­ad­ven­ture helps explain why it’s such a mess — before and after Oba­macare. [Cred­it: wondersinthedark.com]

Curly Howard didn’t design the US health­care sys­tem. Or Oba­macare. Or Repub­li­can pro­pos­als to replace it. But he could have.

Howard, the most cre­ative of the Three Stooges, set out to fix a leak­ing pipe. His solu­tion: add a length of pipe. Each time he did, the flow of water was tem­porar­i­ly inter­rupt­ed, only to resume, this time out of the pipe he’d just added. Unde­terred, he added anoth­er length of pipe. By the end of the episode, a frus­trat­ed and sog­gy Curly is enmeshed in pipes. And still the water flows.

So it is with health­care. The leak, in this case, is the basic premise of insur­ance – that risk is inevitable and its cost must show up some­where. Curly’s pipe is reg­u­la­tion – the unceas­ing attempts by gov­ern­ment to divert and dis­guise the cost of that risk. The sys­tem that result­ed from per­pet­u­al inter­ven­tion resem­bles the one Curly pro­duced – cost­ly, cum­ber­some, inef­fi­cient and con­fus­ing. Con­tin­ue read­ing →

A Modest (And Potentially Bipartisan) Obamacare Proposal

Here are three changes Congress should make to Obamacare: 1) no cancellations; 2) no bailouts; 3) no tax on the uninsured. [Credit: thinkquest.org]

Here are three changes Con­gress should make to Oba­macare: 1) no can­cel­la­tions; 2) no bailouts; 3) no tax on the unin­sured. [Cred­it: thinkquest.org]

Here’s a crazy idea: Repub­li­cans and at least some Democ­rats say they sup­port mak­ing changes to Oba­macare; why doesn’t Con­gress give vot­ers a pleas­ant sur­prise and change it?

These changes would be polit­i­cal­ly pop­u­lar, rel­a­tive­ly mod­est and enjoy at least some bipar­ti­san sup­port. Although the pre­vail­ing polit­i­cal cli­mate makes it hard for law­mak­ers to do any­thing of sub­stance, mak­ing the health care law more friend­ly to con­sumers and less accom­mo­dat­ing to cor­po­rate inter­ests would appeal to vot­ers across the spec­trum. Con­tin­ue read­ing →

Should Obamacare Evolve Into “Medicare for All?”

Federal agents storm a Los Angeles hospital engaged in a scheme to defraud Medicare.  Such fraud is rampant, raising the question of whether "Medicare for All" is a good idea. [Credit: LA Times]

Fed­er­al agents storm a Los Ange­les hos­pi­tal engaged in a scheme to defraud Medicare. Such fraud is ram­pant, rais­ing the ques­tion of whether “Medicare for All” is a good idea. [Cred­it: LA Times]

Estill Mitts, a 68-year-old from Los Ange­les, came up with an enter­pris­ing idea some years back that made him mil­lions: pay home­less peo­ple from the city’s “Skid Row” dis­trict who were eli­gi­ble for Medicare or Med­ic­aid to check into local hos­pi­tals, even if they didn’t need to be there.

Set­ting up shop at a faux med­ical facil­i­ty that he dubbed the ”Assess­ment Cen­ter,” Mitts hired what he called “stringers” to pay home­less peo­ple small sums of mon­ey to go to one of three med­ical facil­i­ties that were in on the scam – City of Angels, LA Met­ro­pol­i­tan and Tustin Hos­pi­tal and Med­ical Cen­ter – where they were admit­ted whether or not they actu­al­ly required care. The hos­pi­tals billed Medicare or Med­ic­aid for the inpa­tient stays and made kick­back pay­ments to Mitts. Con­tin­ue read­ing →

In Washington, All Is Well

The faces of Congressional leaders are hardly etched with joy, but they did manage to avert a fiscal crisis, even if only for a few months. [Credit: Bloomberg]

The faces of Con­gres­sion­al lead­ers are hard­ly etched with joy, but they did man­age to avert a fis­cal cri­sis, even if only for a few months. [Cred­it: Bloomberg]

Octo­ber 16, 2013, 6:00 am

All is well in Wash­ing­ton. The gov­ern­ment is spend­ing and bor­row­ing again. Con­tin­ue read­ing →

Welfare or Work: A Difficult Choice

The choice between welfare and work is not always an easy one, according to a new study by the Cato Institute.  (Credit: LA Times)

The choice between wel­fare and work is not always an easy one, accord­ing to a new study by the Cato Insti­tute. (Cred­it: LA Times)

(NOTE: This post was updat­ed on Sep­tem­ber 23 to incor­po­rate the gov­ern­men­t’s new­ly-released pover­ty rate data.)

If forced to choose between a full-time job that paid $24.40 per hour and enrolling in a pack­age of gov­ern­ment ben­e­fits that paid a com­pa­ra­ble amount, which would you choose? Con­tin­ue read­ing →

What Will The Poor Pay for Obamacare?

Credit Huffington Post

Mil­lions of unin­sured Amer­i­cans with low incomes will find that cov­er­age under Oba­macare isn’t free. How they react to that brac­ing bit of news will help deter­mine whether the law suc­ceeds. [Cred­it: Huff­in­g­ton Post]

Pres­i­dent Oba­ma promised change.  Oba­macare will bring it.  But one of its most far-reach­ing changes has noth­ing to do with health care.  Con­tin­ue read­ing →

The Tortured Politics of the Health Care Law

Boehner and Reid

Putting aside per­son­al ani­mos­i­ty for the greater good.

House con­ser­v­a­tives yes­ter­day scut­tled a bill that would have denied the White House mon­ey it urgent­ly needs to imple­ment the new health reform law. But a promi­nent Sen­ate Demo­c­rat, who helped write the law, maneu­vered to deny the Admin­is­tra­tion those des­per­ate­ly need­ed funds. Mean­while, Speak­er Boehn­er and Sen­ate Demo­c­ra­t­ic Major­i­ty Leader Har­ry Reid are locked in qui­et talks to exempt them­selves and their staffs from the new law.

Got all that? Con­tin­ue read­ing →