Friday, September 18, 2009
Nobody Asked Me, But...
Thursday, September 17, 2009
A Short Lesson In Finance
In an important victory for the insurance industry, Senator Max Baucus's legislative proposal does not call for a government-run health plan that would directly compete with private insurers. Insurance stocks rose on that news Wednesday.
Although that exclusion had been expected, its confirmation Wednesday meant that the insurance companies "ducked a bullet," said Erik Gordon, a business professor and industry analyst at the University of Michigan.
The Baucus proposal is "a lower dose of poison than the other proposals," he said in an e-mail message. Other bills circulating in Congress call for a government-run public insurance option.
Wednesday, September 16, 2009
If It Quacks Like A Bigot...
New York Times columnist Maureen Dowd was among the first to assert that Congressman Joe Wilson's heckle revealed an underlying racism:
Surrounded by middle-aged white guys... Joe Wilson yelled 'You lie!' at a president who didn't. Fair or not, what I heard was an unspoken word in the air: You lie, boy!... But Wilson's shocking disrespect for the office of the president - no Democrat ever shouted 'liar' at W when he was hawking a fake case for war in Iraq - convinced me: Some people just can't believe a black man is president and will never accept it.Her belief racism was at play was echoed by Democrat Representative for Georgia, Henry Johnson, who told media: "I guess we'll probably have folks putting on white hoods and white uniforms again and riding through the countryside intimidating people. That's the logical conclusion if this kind of attitude is not rebuked."
Tuesday, September 15, 2009
One Can Hope
Federal and city counterterrorism agents raided homes in New York City early Monday after a man under surveillance for suspected ties to al-Qaeda met with people in Queens, federal officials said.
Rep. Peter T. King (N.Y.), the senior Republican on the Homeland Security Committee, said after receiving a briefing from federal authorities Monday afternoon that the suspect's visit this weekend triggered the raids.
"He was being watched, and concern grew as he met with a group of individuals in Queens over the weekend," King told ABC News on Monday in a report forwarded by his office. "The FBI went to court late last night for an emergency warrant to conduct the raids this morning."
Authorities said there were no arrests.
Monday, September 14, 2009
Health Care, Not Insurance
No one disputes that the $2.3 trillion we devote to the health care industry is often spent unwisely, but the fact that the United States spends twice as much per person as most European countries on health care can be substantially explained, as a study released last month says, by our being fatter. Even the most efficient health care system that the administration could hope to devise would still confront a rising tide of chronic disease linked to diet.
[...]According to the Centers for Disease Control and Prevention, three-quarters of health care spending now goes to treat “preventable chronic diseases.” Not all of these diseases are linked to diet — there’s smoking, for instance — but many, if not most, of them are.
We’re spending $147 billion to treat obesity, $116 billion to treat diabetes, and hundreds of billions more to treat cardiovascular disease and the many types of cancer that have been linked to the so-called Western diet. One recent study estimated that 30 percent of the increase in health care spending over the past 20 years could be attributed to the soaring rate of obesity, a condition that now accounts for nearly a tenth of all spending on health care.
In case you were wondering where the cost savings that would pay for this healthcare reform is coming from, those numbers speak loudly. Right there, just in obesity and diabetes, you have a $260 billion a year. A year.
Considering Obama's paltry proposal will only cost $1 trillion this decade, that savings alone, even if only half realized, means American healthcare would show a profit....IF WE ENACT ACTUAL HEALTHCARE!
Now, there are many who would say this is tantamount to dictating what Americans can and cannot eat.
Bullshit. How many Americans really listen to their doctors? Because if Americans were that easily persuaded off their bad habits, we wouldn't need healthcare reform. We wouldn't need to rein in rising healthcare costs.
You'd think the private insurance companies would have glommed onto this fact: if Americans eat healthier, that's more profit in their pockets.
But then you'd have to take into account America's "farm" lobby (really, it's better called "agribusiness" or for a more descriptive face "Big Food"), which is among the biggest contributors to heartland legislators, bigger in many cases than banks or credit card companies.
As an anecdotal example, just try talking to an Iowa caucus about cutting farm subsidies. There's a quick way to lose a primary cycle.
We don't need insurance reform. We need healthCARE reform, a system that encourages Americans, perhaps even thru tax incentives, to eat healthier, to lose weight, to stop smoking.
Indeed, many private insurers do this now, offering cash incentives: $400 per annum to visit a health club, discounts for being a non-smoker, discounts for attending weight-loss classes, and I'm sure there are a few that will actually rebate some of your premiums if in fact you do lose weight.
Imagine on your 1040 being offered the chance to take a few hundred bucks off your bill to the IRS by affirming, honestly, that you've quit smoking? Or can offer evidence that you went dutifully to the gym twice a week? Or you completed a marathon or a hundred mile bike ride?
We already use the tax code to reward good behavior, to construct social good, like the charitable or home mortgage interest deductions. What's wrong with using this device to cut a tax bill that everyone agrees is going to become more bloated as the tax code ratchets up from the ridiculously undertaxed position it has been for the past eight years?