Medicare Loses Nearly 4 Times as Much Money as Health Insurers Make

Next time someone decries insurance company profits, remind him that fraud and waste in Medicare and Medicaid far exceed these dollar amounts. Check out Jeffrey Anderson’s article in the Weekly Standard: “Medicare Loses Nearly Four Times as Much Money as Health Insurers Make.” See also my previous post: “Medicare & Medicaid fraud far exceeds insurance company profits.”

Hey Colorado Pols: Hospitals pass hospital “fee” on to patients

The bill that would repeal the Colorado hospital tax has died. But Colorado Pols incorrectly states that it’s hospitals that pay the fee. This expense, or a large part of it, probably gets passed on to patients. Nor does the fee bring in matching funds from the feds.

The Medicaid Wrecking Ball: it busts state budgets

Peter Suderman at Reason explains Medicaid is busting state budgets: Federal matching funds to states encourage eligibility expansion. More people qualify because of recession, but tax revenues are also down. Even Democrat governors are looking to limit eligibility.

Colo. SB 11-168 admits that authoritarian “co-op” will kill jobs

Colorado SB 11-168 (text), which would create a tax-funded authoritarian health care cooperate that unfairly competes with insurance companies, admits that it will put people out of jobs. Section 10-16-1107 (yeah, really) reads: The [Board of Directors] shall design the Cooperative for Colorado in collaboration with parties that may be affected by the design and […]

ObamaCare still bad: Cato Institute updates Bad Medicine

The Cato Institute has published an updated version of “Bad Medicine: A Guide to the Real Costs & Consequences of the New Health Care Law.” It will increase increase taxes, insurance premiums, “stage for government rationing & interference with how doctors practice medicine,” & make many people’s health plan illegal.

How to Insure Americans who have Pre-Existing Conditions

Published in Pajamas Media: People with pre-existing conditions deserve better than ObamaCare’s price controls. Free market reforms can provide it. Like a hammer that sees every problem as a nail, many politicians think the solution to every problem is legislation that erodes our liberties.

The totalitarian nature of mandatory insurance & ObamaCare

The latest district court ruling by Judge Gladys Kessler reveals the totalitarian nature of mandatory insurance. If the Commerce Clause empowers the Federal Government can prohibit your choice not to act in a certain way, it can do anything.