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Posts Tagged ‘healthcare reform’

Health Care Premiums: Bend Over ‘n Brace Yourself

Posted by Larry Doyle on March 22nd, 2013 8:04 AM |

I guess we might soon expect Ben Bernanke and his pals at the Federal Reserve to discount the cost of health care from the core rate of inflation. I mean the cost of health care is not truly indicative of what it costs to run a family now, is it?

For those not aware, food and energy costs are not incorporated in determining the core rate of inflation. If the Fed discounted the costs of all goods and services, we might just be able to generate a report that reflects stable prices.

Pardon my sarcastic cynicism, but it is hard to restrain myself upon reading a lead story in this morning’s Wall Street Journal that should be entitled, Health Care Premiums: Bend Over ‘n Brace Yourself.  Let’s navigate as the WSJ writes . . . (more…)

Gaming Uncle Sam’s Mortgage Modification Program

Posted by Larry Doyle on March 31st, 2010 11:08 AM |

A new release by the SIGTARP (Office of the Special Inspector General for the Troubled Asset Relief Program) is exceptionally enlightening in detailing how a likely significant percentage of those homeowners who entered the trial mortgage modification process gamed the system.

Once again, major high five to our friends at 12th Street Capital for sharing this report and providing insightful commentary. As 12th Street points out this morning:

With all of the hoopla surrounding the government and Bank of America announcements to push principal forgiveness to the top of the waterfall for mortgage modification triage, it would have been easy to miss the latest report from the SIGTARP (Special Inspector General of TARP). I have attached the report here and would encourage you to print it out and read it. (more…)

Healthcare “Right” Comes with Responsibility

Posted by Larry Doyle on March 24th, 2010 9:22 AM |

Do you hear that large sucking sound? Those are the engines of wealth redistribution humming in Washington.

Let’s stop the bulls&%#! President Obama’s healthcare reform, much like many of his other initiatives, is all about wealth redistribution. Whether that’s a good thing or a bad thing is a topic for another post, but that is how I see it. I said as much in January (“Healthcare Reform to Make You Ill”), and I will repeat today:

Ultimately, the reform as drafted is a massive redistribution program.

The New York Times addresses this redistribution this morning in writing, In Health Care Bill, Obama Attacks Inequality: >>> (more…)

From the Archives: Healthcare Reform to Make You Ill

Posted by Larry Doyle on March 17th, 2010 2:45 PM |

In light of the focus on this most important issue, I am reposting a commentary I had written in January very shortly after having spoken with a family member who just so happens to be a doctor in a small medical facility.

Additionally, hearing that the Democrats are thinking of using a process in which they ‘deem’ the legislation to have passed without actually voting on it would, in my opinion, take our country to a new low.

If Democrats ‘deem’ this reform to have passed, I have a hard time believing or understanding how that is not a direct assault on the Constitution of our country. The mere fact that it is even being considered is reviling.

LD   (more…)

Health Care Payoffs

Posted by Larry Doyle on December 23rd, 2009 12:26 PM |

Washington may think the “payoff politics as usual” is justified under the guise of working toward goals, but I would beg to differ. In my opinion, the payoffs garnered by Senators Ben Nelson (D-NE), Chris Dodd (D-CT), and Mary Landrieu (D-LA) are emblematic of the broken political process in America.

Why is it that citizens of some states are not required to pay the same freight as citizens of all other states? Why is it that citizens of some states garner ‘special’ benefits and advantages not accorded to citizens of all other states?

I do not doubt for a second that this ‘payoff politics’ has been going on for a lot longer than we may appreciate. I would also maintain that a significant portion of our fiscal and moral deficits are generated from this very approach.

The fact that representatives hold out for these payoffs and then promote them as benefiting their states should be more widely broadcast as unpatriotic and divisive.

The fact that administrations from both sides of the aisle have chosen the ‘payoff’ style of politics is merely an indication as to the lack of character, courage, and political intellect needed to craft real legislative reforms.

When the ‘for sale’ sign is constantly out, that lowest common denominator will always be reached.

If this ‘payoff politics’ is the best America has to offer, then I am increasingly concerned that our collective future will be far less than it ought to be.

Where are the real statesmen?

LD

Jobs is Job #1

Posted by Larry Doyle on November 30th, 2009 9:34 AM |

“Kiss me!!”

“What?”

That’s right, I said, “Kiss me!!”

Many a businessman is familiar with the basic principle of “kiss me,” that is “Keep It Simple, Stupid.”

Regrettably, Washington is not familiar with that simplest of business principles. Legislative bills that run into the thousands of pages and admittedly go unread by our lawmakers prior to vote are often an unmitigated disaster for American business.  How so?

These bills create an environment of uncertainty. What do business leaders do when they’re unsure of what is coming out of Washington and how it might impact their business? “When in doubt, wait it out.”

I witness increasing evidence of this basic business dynamic and believe it will be on full display this coming Thursday. What will happen Thursday? President Obama is hosting a Jobs Summit in Washington. Sounds like a reasonable idea given the domestic employment situation is so bad and getting worse, despite assertions to the contrary by a number of public officials and economists.

How convenient that the summit is being held Thursday. Why? This summit will provide plenty of photo ops and media coverage highlighting that Washington is hard at work addressing the employment situation right before the monthly unemployment report is released on Friday morning. Do not think for a second that the timing of this summit was not strategically scheduled to negate the negative impact of another weak report. (more…)






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