Tuesday, April 1, 2014

BloggeRhythms

After four years of development at a cost of approximately $35.2 billion, the health care tax enrollment ended yesterday. The results to date add up to 7 million sign-ups according to the White House, while 6 million others lost or had their coverage disrupted, which nets down to one million gaining health care benefits after all is said and done.
 
If my arithmetic's correct, the cost of each new enrollee amounts to $35,220 that taxpayers laid out. Which means that instead of ruining the health care system, enrollees could have been made to feel better if the incumbent simply bought them an SUV or a car.
 
Furthermore, according to Edmund F. Haislmaier, expert in health care policy for the conservative Heritage Foundation, "government subsidies to enrollees and insurance companies will likely hold down premium costs.
 
Haislmaier says 67 percent of those who have enrolled in ObamaCare have chosen the largely cost-efficient, full-coverage silver plan because they need medical treatment -- and that 94 percent of those plans are subsidized. That's where I think there is a disproportional number of sick people," he said.
 
Charles Krauthammer questioned whether “President Obama’s healthcare reform bill was worth the price.”
 
He then opined this way. “Overturning, uprooting and revolutionizing a sixth of the economy and the ecosystem of medical care is staggering for a million-and-a-half uninsured. Is that the way it should have been done?”
 
He later quoted reports saying “ObamaCare will still leave about 40 million uninsured, while having already canceled six million policies. This doesn’t include people who have lost access to their doctors and hospitals after switching to the health exchanges.”
 
Meanwhile, truths about Senate Majority Leader Harry Reid crop up more and more frequently lately. According to Chris Stirewalt on Fox News on-line, “While Reid and liberal groups continue to blast the Koch brothers’ support of Republican candidates, the conservative group American Commitment is hitting back in a new ad. The ad rips Reid and Democrats for support they are receiving from billionaire environmentalist brothers Tom and Jim Steyer, claiming the pair opposes construction of the Keystone Pipeline XL for personal gain. 
 
From the ad: “Now Steyer wants Harry Reid’s help to kill the Keystone Pipeline and impose huge new energy taxes to kill our economy. That’s why Tom Steyer and his brother Jim are spending millions to finance campaigns that support liberals who will keep Harry Reid in charge of the Senate.”
 
On another matter, Jim Geraghty of National Review on-line writes about President Obama, who spoke at a GM plant in Lordstown, Ohio, back on September 15, 2009, as follows, “That program was good for automakers, consumers, and our environment,” Obama said of the Cash for Clunkers programs, “and the Chevy Cobalt that you build here was one of GM’s most sought-after cars under that program. Dealers across the country started running out of it and needed you to build more.”
 
And now today, five years later, Mr. Geraghty notes that, “All Chevy Cobalts from 2005 to 2010 are being recalled because of fears the “ignition switch may move out of the “run” position, resulting in a partial loss of electrical power and turning off the engine. This risk increases if your key ring is carrying added weight… or your vehicle experiences rough road conditions or other jarring or impact related events. If the ignition switch is not in the run position, the air bags may not deploy if the vehicle is involved in a crash, increasing the risk of injury or fatality.”
 
Which means that the real “Cash for Clunkers” programs are the ones where constituents contribute to Democrat candidates running for any office whatsoever, especially the guy at the top of the party. 
 
And then lastly, another extremely costly mistake where politics overrode sound financial judgment.
 
According to Richard Waters of London’s Financial Times’ Tech Hub column in San Francisco, “American companies have stockpiled nearly a trillion dollars of cash offshore to avoid paying higher tax bills at home, according to an analysis released on Monday.
 
The growing overseas cash pile has also become the most visible sign of corporate America’s unwillingness to place bigger bets on business expansion, despite unparalleled financial conditions.”
 
So, while Dem’s seek any way they can to tax and spend what’s earned by successful businesses, the results they attain are the complete reverse of their totally misguided intentions. Because, business folks are thousands of times smarter than almost all in government. Consequently, while politicos seek bigger and pieces of the pie, clever entrepreneurs stop baking what they did before, finding other ways to attain their financial goals.
 
And the funniest thing of all is if that trillion bucks parked overseas were invested here like it should be, the interest on the money alone would likely cover the costs of the incumbent's health care tax.
 
That’s it for today folks.
 
Adios

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