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Category Archives: medicaid

CBO Says McConnell Healthcare Bill Would Slash Deficits By $420 Billion, Leave 15 Million Uninsured

Another day, another CBO score for another version of the GOP's healthcare bill. This time, the agency estimates that McConnell's "Better Care Reconciliation Act" legislation would lower the federal budget deficit by $420 billion over the next 10 years by reducing spending for Medicaid and subsidies for nongroup health insurance. As The CBO notes, those […]

Senate Republicans Reveal New “Obamacare-Lite” Healthcare Bill

In what could very well end up being just another exercise in futility, Senate Majority Leader Mitch McConnell has just released a new version of a healthcare plan which, among other things, incorporates demands from Senator Ted Cruz (R-TX) and Senator Mike Lee (R-UT) to allow insurers to sell low-cost, skimpier plans all in an […]

Illinois Budget: What It Does And Doesn’t Do (Surprise Giveaway To Muni Bondholders?)

Authored by Mike Shedlock via MishTalk.com, Illinois now has a budget, the first in three fiscal years. An excellent writeup on The Stump entitled Illinois Financial Disaster: Even More Reactions to the Budget explains what passage of the budget does and does not do. Here are some links mentioned by The Stump and a few additional […]

“From Horrific To Catastrophic”: Court Ruling Sends Illinois Into Financial Abyss

First Maine, then Connecticut, and finally late on Friday, confirming the worst case outcome many had expected, Illinois entered its third straight fiscal year without a budget as Republican Governor Bruce Rauner and Democratic lawmakers failed to agree on how to compromise over the government’s chronic deficits, pushing it closer toward becoming the first junk-rated […]

How Washington’s Reaction to Trump’s Budget Justifies the Rise of Bitcoin

mises.org / Tho Bishop / May 26, 2017 Earlier this week the Trump administration announced their proposed budget for 2018. The plan bears some striking resemblance to Trump’s first budget attempt in three key ways: it contains some legitimate cuts to a number of government programs, it features increases to America’s irrational war budget, and all […]

Handout Nation: Combined Enrollment In America’s 4 Largest Safety Net Programs Hits A Record High Of 236 Million

Margaret Thatcher once said that the problem with socialism “is that eventually you run out of other people’s money”.  As you will see below, the combined enrollment in America’s four largest safety net programs has reached a staggering 236 million.  Of course that doesn’t mean that 236 million people are getting benefits from the government […]

The Budget

market-ticker.org / by Karl Denninger / 2017-05-23 He knows folks. He knows its coming, and yet he’s going to take it out of your ass, and he has the entire GOP with him in doing it too. What’s “it”?  The medical cost explosion, which has run about 9% compounded for the last 30 years or so and which shows exactly no […]

Goldman Explains What The Repeal Of Obamacare Really Means

After months of internal discord, House Republicans finally approved a bill to overhaul Obamacare, which they have been attacking since it was enacted in 2010.  While there are various nuances, here are the bill’s main provisions courtesy of Reuters: COVERAGE The Republican plan would maintain some of Obamacare’s most popular provisions. It would allow young […]

Bizarro World: Some Republicans Now Defending “Failing” ObamaCare

For months now we’ve warned, as have many prominent Republican legislators, that Obamacare is on the verge of collapse (see “Obamacare On “Verge Of Collapse” As Premiums Set To Soar Again In 2017“).  It’s not that shocking really as the fundamental concept behind the legislation made it doomed from the start.  The idea was that, […]

Go Ahead — You Own It

market-ticker.org / by Karl Denninger / 2017-03-22  I had an “interesting” debate on Twitter last night with someone who is involved in the health insurance game in some way and apparently has cancer patients as clients.  He is a strong shill for the “Obamacare Repeal/Replace” process. The debate was plenty fun and decent right up until I […]