Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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121 ObamaCare's Bill Comes Due: Premium Hikes Up to 36.3% Coming

During the first two years under ObamaCare, health insurers remained unable to assess what rates they must charge to cover the costs imposed by the new law.  Now that such assessment is possible in its third year, insurers realize that the law has proven much costlier than anticipated, and they're desperately seeking premium increases accordingly…

122 Only Democrats Are to Blame for Obamacare Chaos

If the Supreme Court were to decide not to allow retroactive legislating and uphold Obamacare as written, terrible things would happen to America. We might, for instance, find out what health insurance in fabricated, state-run "marketplaces" actually costs. The Kaiser Family Foundation estimates that the 37 states that have declined to set…

123 Unsustainable Exchanges & Subsidies Exposing ObamaCare’s Weaknesses

From financially dubious exchanges to subsidies that aren’t technically legal, ObamaCare is imploding under its own shoddy draftsmanship. ObamaCare’s state-run exchanges are a great idea – so long as federal taxpayers foot the bill. Since the law was passed in 2010, almost $5 billion in federal start-up grants have been doled out…

124 ObamaCare Exchanges on Life Support

At a recent White House science fair celebrating inventors, a Girl Scout who helped design a Lego-powered page-turning device asked President Obama what he had ever thought up or prototyped. Stumbling for an answer, he replied: "I came up with things like, you know, health care." Ah, yes. "Health care." Remember when the president…

125 Florida Sues to Block "Gun to the Head" ObamaCare Coercion

When it comes to expanding Medicaid under ObamaCare, the Obama administration has a clear goal: Coerce holdout states into submission by threatening to eliminate funding for other health-related programs. Florida is fighting back. In a new lawsuit, Florida Attorney General Pam Bondi details a long train of bad faith negotiations by federal officials…

126 What Congress Could Do If the Supreme Court Strikes Down ObamaCare Subsidies

In thinking through how to respond if the Supreme Court strikes down a controversial IRS interpretation of ObamaCare, Republicans in Congress should remember that “a fundamental flaw of the [law] was its imposition of new regulations that made health insurance more expensive for millions of Americans and that, in large part, the [law’s]…

127 Two-Thirds of ObamaCare Subsidy Recipients Had To Pay Back the IRS

If you like your ObamaCare subsidy, chances are you won’t be able to keep it. “Almost two-thirds of tax filers who received insurance via the state or federal insurance Marketplaces had to pay back an average of $729,” according to an analysis by H&R Block. That translates into a 33 percent reduction in the average refund. This…

128 Florida Will Sue to Stop ObamaCare Coercion to Expand Medicaid

Was the U.S. Supreme Court serious when it upheld ObamaCare, but said the federal government couldn’t “hold a gun to the head” of states that choose not to expand Medicaid? A new lawsuit initiated by Florida and supported by Texas may provide an answer. Florida Governor Rick Scott, a Republican, is embroiled in a bitter fight with…

129 ObamaCare Is Great for Insurance Companies, Irrelevant for Better Health

Under ObamaCare, the percentage of Americans without health insurance has dropped, but one stubborn fact remains – the newly covered aren’t any healthier. A new report from Gallup’s Healthways Well-Being Index shows that among U.S. adults 18 and older the uninsured rate is now 11.9 percent, a five-point decline from the beginning…

130 ObamaCare’s Fault: IRS Overworked, Understaffed Going into Tax Season

If the Obama administration thought that canceling millions of individual insurance plans ahead of ObamaCare’s first enrollment period threatened to kill the controversial health law, wait until taxpayers get to experience paying penalties to a dysfunctional IRS. By now, most Americans are aware that ObamaCare tasks the Internal Revenue Service…

131 ObamaCare Plan B: Contract with States to Save Subsidies

If the Supreme Court strikes down an unauthorized IRS rule that gives ObamaCare subsidies to ineligible citizens, the Obama administration thinks it has a way to save them. Last week the United States Supreme Court heard oral arguments in King v. Burwell, a Virginia-based challenge to the mechanism that makes “The Affordable Care Act”…

132 Obamacare's 1095-A Nightmare

Tax season is stressful enough. But if you are like countless miserable Americans trapped in the Obamacare 1095-A abyss, it's hell on stilts on a Segway teetering over the South Rim of the Grand Canyon. The screw-ups, incompetence and bureaucratic blame avoidance over the health insurance exchange tax forms make the healthcare.gov website fiasco look…

133 CBO: ObamaCare Increases Deficit by $1.35 Trillion

Buried in a new report by the Congressional Budget Office is the latest admission that ObamaCare was sold on a foundation of lies.  Back in 2009, President Barack Obama told a joint session of Congress that “our health care system is placing an unsustainable burden on taxpayers.” “Put simply, our health care problem is our deficit…

134 Going Deeper on Krauthammer’s Plan to Repeal ObamaCare

After the Republican wave washed over Congress last week, Washington Post columnist Charles Krauthammer had several pieces of advice for the new GOP majority. He advocated bold and continuous legislative actions that would put Democrats on the defensive. Those include measures with sizeable Democratic support such as authorizing the Keystone XL pipeline…

135 Playing Politics with ObamaCare’s 2015 Insurance Premiums

With the 2014 midterm elections now in the books, Americans will finally get information the Obama administration refused to reveal. For the last twenty years, it’s been standard practice in the health insurance industry to release insurance premium rates sixty days before they go into effect. Since policies begin January 1, insurance rates…

136 Medicare-for-All is Not the Solution for ObamaCare’s Problems

More than 7 million Americans have had almost a year to experience affordable health insurance under ObamaCare. Many want out. A recent New York Times piece explains the plight of Patricia Wanderlich, a 61 year-old resident of Chicago who suffered a brain hemorrhage in 2011. She needs an annual brain scan to monitor whether the damage from the hemorrhage…

137 Sign Up for ObamaCare, Become a Union Member?

A federal lawsuit in Texas alleges that an ObamaCare contractor used taxpayer money to sign-up union members in addition to enrolling people in the controversial health insurance program. Cedric Anthony, the plaintiff, alleges that he was initially hired by Southern United Neighborhoods (SUN) to work as an ObamaCare navigator. Navigators are temporary…

138 New Fed Court Strikes Down Key ObamaCare Subsidy

This week, a federal judge in Oklahoma ruled that the IRS is violating the terms of ObamaCare by giving tax credits to people buying health plans through Healthcare.gov, the federally owned and operated insurance exchange. The decision by Ronald A. White, a federal district judge, opens up a new front in the fight to weaken the controversial health…

139 Report: Obama Admin Can’t Say How Much It Spends To Promote ObamaCare

A new Government Accountability Office report says the primary agency charged with ObamaCare’s implementation can’t verify how much it’s spending to promote the controversial health law. ObamaCare’s in-house marketing job is the responsibility of the Center for Consumer Information and Insurance Oversight (CCIIO), an arm of…

140 When Medicaid Reform Isn’t

In last week’s column, I explained why not all decisions by Republican governors to expand Medicaid under ObamaCare deserve to be criticized. The difference is in the details. Most GOP governors who’ve said yes to expansion are doing nothing more than increasing the federal – and eventually their states’ – budget deficit…

141 How to Think About GOP Governors Who Expand Medicaid

With Republican governors in Pennsylvania and Tennessee recently agreeing to expand their states’ Medicaid programs under ObamaCare, some conservatives are worried that a wave of capitulation is washing over the GOP. “Is the Republican fight against Medicaid expansion over?” asks a Washington Examiner headline. The question was prompted…

142 IRS Is Struggling to Assess and Collect ObamaCare Taxes

As ObamaCare’s taxes go into effect, the Internal Revenue Service’s role in enforcing the controversial health care law is getting more attention. The reviews so far aren’t encouraging. In mid-August, the Treasury Inspector General for Tax Administration (TIGTA) published a report critical of the IRS’s failure to accurately…

143 New ObamaCare Alternative: REFORM and Replace?

When it comes to ObamaCare, should Republicans repeal or reform it? As a conservative, the answer depends on whether you think there is anything in the law worth saving. Because ObamaCare was passed on a party-line vote and seems like an effort to kick-start the march toward a single-payer, nationalized health care system, most Republicans favor…

144 ObamaCare Sparks Fight Among California's Central Planners

Federalism and the free market don't always go together, especially not in a Nanny-state like California. Evidence is mounting that continued centralized control over issues like education and the environment erode state and local power under the Constitution. This week comes news of a fight brewing between Covered California - the local ObamaCare…

145 Oregon’s Three ObamaCare Blunders that Wasted $305 Million

After spending hundreds of millions of dollars yet failing to enroll a single person on its ObamaCare health insurance website, Oregon’s top officials are considering whether to sue Oracle, the software giant and primary contractor. This isn’t where Democratic Governor John Kitzhaber and other ObamaCare supporters thought they’d…

146 New ObamaCare Fissures Emerge, as Stunned Labor Unions Chafe at Higher Costs

Pop some popcorn, grab a cold one, sit back and enjoy this emerging spectacle.  Labor unions were among the strongest and earliest supporters of ObamaCare, and foolishly accepted Nancy Pelosi’s admonition to embrace the law before finding out what was in it.  Now they’re beginning to pay the price.  With increasing frequency…

147 Is Indiana Governor Mike Pence Falling into ObamaCare’s Medicaid Trap?

Indiana Republican Governor Mike Pence says his plan to use ObamaCare’s Medicaid dollars to expand his state’s health savings account program won’t create a new open-ended entitlement. Before considering Pence’s arguments, it’s important to understand how ObamaCare changes Medicaid. If states expand Medicaid eligibility…

148 How to Calculate Your ObamaCare HIT (Health Insurance Tax)

What’s so affordable about a health care law that imposes $100 billion in sales taxes on consumers? That’s the question being asked by small business owners as they prepare to start paying ObamaCare’s health insurance tax or HIT. HIT is a sales tax imposed on each policy sold in the fully covered insurance market. The tax is projected…

149 ObamaCare Exchanges Wasting Huge Sums of Taxpayer Money

With ObamaCare’s enrollment season officially over, evidence is emerging that billions of taxpayer dollars have been spent funding waste, fraud and abuse. American Commitment's Phil Kerpen over at The Federalist paints a financially gruesome picture of how much federal taxpayer money has been wasted by state-based ObamaCare exchanges since…

150 Sebelius’ Legacy is a More Politicized HHS

In the nearly two weeks since Kathleen Sebelius resigned as Secretary of Health of Human Services, many pundits have tried to sum up her legacy. Immediate focus has centered on the disastrous rollout of Healthcare.gov, the federal insurance exchange website that failed spectacularly when it launched. The glitches were so bad and the repair job so long…

 
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Question of the Week   
Which one of the following pandemics caused the largest number of deaths in the 20th Century alone?
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Quote of the Day   
 
"The city of San Francisco is forbidding shoppers from carrying reusable bags into grocery stores out of fear that they could spread the coronavirus.As part of its shelter-in-place ordinance, the California city barred stores from 'permitting customers to bring their own bags, mugs, or other reusable items from home.' The city noted that transferring the bags back and forth led to unnecessary contact…[more]
 
 
—Madison Dibble, Washington Examiner
— Madison Dibble, Washington Examiner
 
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