Home
In this issue
April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Jan. 29, 2014/ 28 Shevat, 5774

Taxpayers Get Fleeced to Make Obamacare Look Affordable

By Betsy McCaughey



http://www.JewishWorldReview.com | Last week, Moody's rating agency lowered the outlook for health insurers from stable to negative, blaming Obamacare. Few Americans will shed tears for insurance companies. But Moody's announcement should be a warning sign to taxpayers that they'll be getting clobbered. Section 1342 of the Affordable Care Act forces taxpayers to make insurers whole for most of the losses incurred selling Obamacare exchange plans through 2016. The bailout is designed to conceal the failure of the president's signature health law until he is out of office.

No one in the Obama administration talked up the advantages of bailing out insurers; it was kept under wraps until the fall of 2013. That's when 5 million to 6 million health plans were canceled because they didn't comply with Obamacare's one-size- fits-all coverage requirements effective Jan. 1. As the health law required, insurers developed new plans, setting generally higher premiums and sending out notices canceling the old ones.

This caused public outrage. In an attempt to quell it, the president ignored his own law, telling insurance companies on Nov. 14, 2013, that they could keep selling their old plans. Insurers were caught off guard. They predicted there would be less demand for their new plans and that they'd lose money.

Here's where the plot thickens. On the same day, an Obama administration health official, Gary Cohen, announced that the federal government — taxpayers — would offset most losses, citing Section 1342. Sweetening what the law already guarantees, he pledged to "modify" the bailout's "final rules to provide additional assistance."

That's when Congress finally did its job and read Section 1342. Sen. Marco Rubio, R-Fla., called it a "dirty little secret" and offered legislation to repeal it. House Republicans held a hearing at which Health and Human Services Secretary Kathleen Sebelius confessed that the administration had never tried to estimate what the guarantee could cost taxpayers. Ah, how freely government bureaucrats spend other people's money.

Thursday's downgrade underscores the likelihood taxpayers will be socked with bailout costs of unknown proportions, unless Section 1342 is repealed.

That's just one reason for repeal. Another is that Section 1342's purpose is to bamboozle the public and hide Obamacare's inevitable failure until health "reform" is entrenched beyond the point of turning back.

Inevitable, because anyone with knowledge of health insurance knew from the start that Obamacare's exchanges could not offer affordable insurance. The premiums have to cover a long list of mandatory benefits, as well as $100 billion in taxes the law imposes on insurers over a decade. Most significantly, the premiums have to cover the cost of caring for seriously ill people at the same price the healthy pay. Every state that has tried this community-rating scheme, including New York, has seen premiums soar, which causes healthy individuals to stop buying insurance. It's called the "death spiral." All these factors make "affordable" an impossible goal under Obamacare's rules. That's what the bailout provision is designed to conceal through 2016.

As the Society of Actuaries explains, the bailout was designed to incentivize insurers to set premiums low. It's guaranteed to make Obamacare look affordable. That's beneficial for politicians tied to Obamacare and helpful to insurers who want market share. Of course, since insurers choosing not to participate in the exchanges can't get bailouts and don't get subsidies for their customers, you won't have the option of buying from them for long.

Think about it. If the federal government gave out subsidies to buy only Ford cars and told Ford Motor Company not to worry about pricing the car, because taxpayers will make up Ford's losses, how long do you think Chrysler and Toyota could compete?

Moody's also cautioned that its downgrade was largely because of the "ongoing unstable and evolving environment," as the Obama administration repeatedly revises the Affordable Care Act, decreeing "new regulations and announcements that impose operational changes well after product and pricing decisions were finalized."

As any business owner will tell you, a temporary bailout is no substitute for the rule of law. The bailout keeps Obamacare on life support at taxpayers' expense, while the free market expires and the rule of law disappears. That is the real state of the union.

Please comment by clicking here.


Archives .

Betsy McCaughey is a former lieutenant governor of New York, founder of the Committee to Reduce Infection Deaths and the author of "Beating Obamacare." .

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

© 2014 Creators Syndicate

Columnists

Toons

Lifestyles

Quantcast