Saturday, January 05, 2013

Saturday Satire: The Fiscal Cliff,Mayan’s, and Republicans Still Suck

   Yes people, we are now in a brand new year. Yippee! What will the Republican Party do to use this year? More economic hostage taking, aided by our President Obama who is still under the delusion of compromise. Oh well.

Jay Leno: "Well folks, it is December 21, or as the Mayans call it, April Fools Day."

"Here's what happened in Washington today. The Republicans and the Democrats got together. They rolled up their sleeves and then they took a break."

Craig Ferguson : "I've got to admit, I love the show 'Doomsday Preppers.' It's about people making bunkers to survive catastrophes they know will happen. A nuclear war, viral epidemic, Fox canceling 'Glee.' It's all going to happen."





Wednesday, January 02, 2013

Obamacare 2013

  As of January 1st of this new year, a few more changes to our national health care have kicked in under the Affordable Care Act.

   After a bit of research, Egberto Willies wrote up a post proving that contrary to Republican claims, healthcare delivery is indeed more efficient under the government than it is under private care.


    America’s safety net, specifically Medicare, is continuously under attack. Many politicians claim that its growth rate makes the budget deficit untenable lest there be substantial changes; in other words, draconian cuts.

An article in the Business Insider by Joe Weisenthal is dispelling that myth. He states:

The conventional wisdom on the deficit is: Right now the deficit doesn’t pose a problem, but thanks to the gigantic growth in healthcare costs, it’s inevitable that the government will get swamped by Medicare spending, ergo we need to tweak the system.

Peter Orszag, who was the head of the Office of Management and Budget under Obama, and who is now at Citi, offers up a chart that could be a Medicare costs game-changer.8323004655_bc1c199205_o

“This graph from S&P illustrates two key facts: health-care costs have decelerated over the past few years, and Medicare costs have decelerated more than other health costs. That pattern suggests at least part of the slowdown is structural (since if it were all just a reflection of economic weakness, we wouldn’t expect Medicare to slow down more than other health costs, but if it were partly structural, that’s exactly what we would expect). If this slower growth continues, the impact on our long-term fiscal gap will be much more meaningful than any plausible outcome of the fiscal cliff negotiations.”

Americans have been asked for decades to disregard basic arithmetic. Americans have been led to believe that private insurance is more efficient than government insurance, Medicare. Americans have been told that somehow “cost of health care” + “healthcare administration cost” is greater than “cost of health care” + “healthcare administration cost” + “advertising” + “profit.”

The purveyors of misinformation have cost this country billions if not trillions of dollars. This is a direct transfer of wealth from the middle class to the owners of private insurance companies for paying a medical bill. It is the immorality of health insurance.

While the above chart is not intended to be a debate piece between single payer healthcare (Medicare for all) and private insurance, one can infer which is more efficient.