Republicans Sam Brownback and Michele Bachmann recently held a prayercast asking the Good Lord to kill healthcare and the evil socialist spirit it would bring to America. [more]
These fears are well-grounded. The various health-care proposals represent atrocious legislation. To be sure, they would provide insurance to 30 million or more Americans by 2019. People would enjoy more security. But even these gains must be qualified. Some of the newly insured will get healthier, but how many and by how much is unclear. The uninsured now receive 50 to 70 percent as much care as the insured. The administration argues that today's system has massive waste. If so, greater participation in the waste by the newly insured may not make them much better off. [more]
It seems the financial risk of global warming will be paid, whether or not global warming continues. [more]
Because that is all it really takes. It is worth one hour, IMHO. [more]
Health insurance is basically a profitable business model, although far too complicated for me to analyse individually. I have made choices based upon the recommendations of the TMF (UNH), Legg Mason, (AET) and Fairholme funds (WLP).
I am long the larger players in the sector because they have helped write healthcare reform policy. There is almost nothing bad for their business models in the proposals moving through Congress. The only prce controls being talked about expire before 2011 if they even get included.
Medicare for low income people might be expanded to include age 50 and above. This group (older and low income) is relatively expensive and shifting their burden onto taxpayers through medicare will not hurt insurers. Medicare is fast becoming a Federally subsidized for profit industry. Mandated and taxpayer subsidized insurance for more Americans will also help insurers because the insurers set the premiums to be profitable weather the new enrolees are young and healthy or not. The loss of premiums during the economic downturn is also a good thing for insurers because they have collected the premiums and are now free of the liability. As people get back insurance it will be at higher individual premiums or higher employer backed premiums.
On the expense side the difference between what insurers pay Doctors and what those Doctors would like to be paid is only growing. It is not collusion, it is just using the same programs.
They are the financial gatekeepers of 8% of GDP and growing. [more]
Speak to your audience. [more]
Good Morning Fools, [more]
How the greenhouse works, the difference between global warming and climate change, why a little CO2 means a lot, the carbon cycle and why speed matters, the relative power of volcanos, how big a deal three gigatons is, and more. [more]
She understands that Global Warming is real and she agrees with David in Qatar that Cap and Trade is a scam. [more]