December 18, 2013

More Obamacare surprises and what polls show about Americans' trust in government

ObamaCare May Devastate the Real Estate and Travel Industries

Americans are among the most mobile people on earth, but ObamaCare may soon start freezing them in place. Millions are losing their health insurance policies and being forced onto the ObamaCare exchanges, where most plans only provide local medical coverage. As Americans realize they must pay for all non-emergency medical care when they leave their home county, their decisions may have a profound impact on the real-estate market, particularly the second home sector, and on the travel business.

Obamacare Escapes the Chains of Law writes Mickey Kaus

You Want to Sell Obamacare You’ve Got to Take Care of Obama: Megan McArdle notes that Obama’s HHS has “reached the limits of its November strategy of using last-minute rule-making to implement on-the-fly changes to the law.” No more rules! Now insurance companies are being “encouraged” and “strongly encouraged” to extend deadlines, accept late payments, pay for some out-of-network doctors and out of plan prescriptions. Many of these things violate the formal terms of the deal the government had made with insurers and will cost the latter money. “They’re asking insurers to pay for the mistakes” the administration made in the launch of the program, complains Avik Roy. The key word is “asking.” But, as Roy notes, there’s a club HHS is holding behind its back–the threat that if insurers don’t play along HHS will be “considering” that factor in the “renewal process.”

It would be hard to frame this policymaking process as a rule. How about: “Insurance companies will have access to Obamacare’s exchanges if they’ve sacrificed a reasonable portion of their expected profits to cover for our screw-ups, as determined by us, and haven’t said anything too nasty about us in the press.”

HHS has pretty clearly escaped the rule of law and entered a world of corporatist haggling, where political leaders and a few big industry types sit around the table and work everything out.

No wonder Seventy-two percent of Americans say big government is a greater threat to the U.S. in the future than is big business or big labor, a record high in Gallup's  nearly 50-year history of this question.

64% of Americans think we're on the wrong track

A Pew study finds that just 19% trust the government to do what's right most of the time

Here's another interesting Gallup poll on Party Differences in Honesty and Ethics Ratings of Professions.  Lowest rated are lobbyists, then Members of Congress..  Ad men, car salesmen, lawyers, newspaper and TV reporters are only slightly higher.    Top rated are nurses followed by pharmacists, doctors and military officers.

Finally, from Zerohedge,  83 Numbers from 2013 that are almost too crazy to believe

#1 Right now an all-time record 102 million working age Americans do not have a job.  That number has risen by about 27 million since the year 2000.

#23  According to Consumer Reports, the number of children in the United States taking antipsychotic drugs has nearly tripled over the past 15 years.

#32 In November 2000, 64.3 percent of all working age Americans had a job.  When Barack Obama first entered the White House, 60.6 percent of all working age Americans had a job.  Today, only 58.6 percent of all working age Americans have a job.

#56 Wal-Mart recently opened up two new stores in Washington D.C., and more than 23,000 people applied for just 600 positions.  That means that only about 2.6 percent of the applicants were ultimately hired.  In comparison, Harvard offers admission to 6.1 percent of their applicants.
Posted by Jill Fallon at December 18, 2013 11:02 PM | Permalink