Showing posts with label nothing. Show all posts
Showing posts with label nothing. Show all posts

Sunday, March 30, 2014

Health Insurance Rates Are Going Up Next Year, But It"s Nothing to Panic Over

The LA Times has a piece today about the next battleground for Obamacare: rate increases for 2015. The warnings are already coming thick and fast:


WellPoint Inc., parent of California’s leading health insurer in the exchange, Anthem Blue Cross, has already predicted “double-digit-plus” rate increases on Obamacare policies across much of the country.


…. Health insurers aren’t wasting any time sizing up what patients are costing them now and what that will mean for 2015 rates. Hunkered down in conference rooms, insurance actuaries are parsing prescriptions, doctor visits and hospital stays for clues about how expensive these new patients may be. By May, insurance companies must file next year’s rates with California’s state-run exchange so negotiations can begin.



I hope everyone manages to restrain their hysteria over this. Here in California, we’ve played this game annually for years. Health insurers in the individual market propose wild increases in their premiums—10 percent, 20 percent, sometimes even 30 percent—and then dial them back a bit after consumer outrage blankets the media and the Department of Insurance pushes back. But even then, we routinely end up with double-digit increases. Just for background, here are the average annual rate increases requested by a few of California’s biggest insurers over the last three years:


  • Anthem Blue Cross: 10.7%

  • Aetna: 12.1%

  • Blue Shield: 15.4%

  • HealthNet: 12.0%

And this doesn’t include changes in deductibles or out-of-pocket maximums. Add those in, and the annual proposed increases are probably in the range of 15-20 percent. Obamacare, of course, limits both those things, which means that in the future insurance companies will have to put everything into rate hikes instead of spreading the increases around to make them harder to add up.


Bottom line: if we end up seeing double-digit rate increases, it will be business as usual. Insurance companies will all blame it on Obamacare because that’s a convenient thing to do, but the truth is that we probably would have seen exactly the same thing even if Barack Obama had never been born. Let’s all keep our feet on the ground when the inevitable huge rate increase requests start flowing in.



MoJo Blogs and Articles | Mother Jones



Health Insurance Rates Are Going Up Next Year, But It"s Nothing to Panic Over

Tuesday, March 11, 2014

What Should We Read Into FL-13? Maybe Nothing.



Tonight, votes will be tallied in Florida’s 13th Congressional District special election to replace deceased Congressman Bill Young, a Republican. Here are three basic thoughts on the race:


1. My sense is that the Democratic candidate, former state chief financial officer and 2010 gubernatorial nominee Alex Sink, will probably win. 


Back in mid-January, I was corresponding with a left-of-center analyst about a St. Petersburg Times poll, and I commented that “53-47 Sink is about what I’d predict.” That’s about where I am right now, though I think a narrower Sink win is likely, maybe in the three-to-four point range. 


We’ll discuss this more in bullet point No. 3, but this is a district that has gradually trended Democratic over the past few decades, where Democrats have an unusually strong (though still somewhat flawed) candidate, and where Republicans have a candidate who is average at best. In a swing district, that seems to be a recipe for a Democratic win.


There hasn’t been much independent polling in this race. The Tampa Bay Times and Saint Leo University released polls in early February showing Sink up 7 and 9 points, respectively. A PPP poll conducted the weekend before Election Day for the League of Conservation Voters showed Sink with a smaller, 48-45, advantage.


On top of this, if there were ever a case where we’d expect a massive polling failure, it would be a special election for a legislative seat. Witness the special election to replace Tim Scott in South Carolina, where polls predicted anywhere between a big Democratic win and a close race, but which ended up in a nine-point GOP blowout.  Legislative seats are just difficult to poll in our gerrymandered universe, especially when the unpredictable turnout from a special election is figured in.


But if there’s one thing that seems to tip the scales in Sink’s direction, it’s that Democrats seem to be outperforming their early voting/absentee metrics from 2012.  That race ended up with an Obama victory in the district, albeit a narrow one. Of course, Election Day turnout may drop off if Democrats are simply cannibalizing their regular voters, but for now, things seem to point in Sink’s direction.


2. There is some symbolic importance to this election.


The 13th District is the lineal descendent of one created in 1952 and won by Republican Bill Cramer.  Cramer was the first Republican from Florida since 1882, when Horatio Bisbee represented a district that spanned the entire eastern half of the Florida Peninsula (it was based in Jacksonville, as Miami wouldn’t be incorporated for another 14 years).  Cramer’s win was the face of the “New Southern Republicanism,” a creation of immigrants from the North who caused sleepy Sun Belt hamlets to explode in population and who transformed the political dynamic in the South.  These sorts of victories were replicated during the ’50s in places like Dallas, Charlotte, N.C., and Arlington, Va., before spreading to the countryside starting in the ’70s and turning swing regions into Republican ones.


Republicans have already lost Tampa and have had to cede most of St. Petersburg proper to that Tampa-based district in order to keep the Pinellas peninsula red.  Losing one of the first Republican redoubts in the South doesn’t mean terribly much in the big picture, but it is a useful reminder that things really do change, sometimes quickly, even in the South.


3. There are very few electoral lessons to be drawn here.


The Hill and USA Today both agree that there is a broader lesson to be learned from this race about the 2014 elections.  I’m much less certain. To begin with, special elections aren’t bellwethers, except when they are. If that doesn’t sound particularly helpful, well, it isn’t meant to.


As we might expect, wave elections are often preceded by surprising wins for the victorious side. In 1974, a number of surprising special election Democratic wins in historically Republican districts were the first signals that things were about to go massively awry for the GOP, and played a role in convincing Richard Nixon to resign. In 1994, Democrats lost historically Democratic districts in Kentucky and Oklahoma.  In 2008, GOP losses in Illinois, Mississippi and Louisiana seemingly presaged the rout in the fall.


But sometimes waves aren’t preceded by surprising wins. In 2006, the GOP managed to hang on to a seat with a badly flawed candidate in southern Ohio, and kept a San Diego-based district that many saw as a test of Democrats’ chances in the fall.  In 2010, the GOP lost a special election in southwestern Pennsylvania that had been trumpeted as the only district won by both John Kerry and John McCain.


Of course, there are also special election upsets that herald nothing. Democrats were riding high in 2004 after winning special elections in South Dakota and central Kentucky, but all of that amounted to nothing in the fall.


But even if all that weren’t the case, I’m still not sure what we could read into this particular race.  As mentioned above, this seat is politically marginal, voting near the national margin in two straight elections.  Democrats fielded a reasonably strong candidate in Sink, who had won statewide office, had very nearly won the governorship in a terrible Democratic year (albeit against a damaged opponent), and who carried this district twice in her statewide bids.  This is a profile more commonly found among Senate candidates than House candidates.


Republicans fielded a first-time candidate, David Jolly, who had served as a lobbyist and who faced a competitive primary — indeed a primary that split Young’s family. While Politico’s “airing of grievances” piece should be taken with a grain of salt — jilted/nervous consultants turn on campaigns with regularity — it does serve as a nice compendium for the public mistakes by Team Jolly.


If we must say something, it is this:  If Sink wins, we will know that a strong Democrat without a voting record, who is running in an open swing district, can defeat a middling Republican candidate.  To be honest, that’s actually a somewhat important data point for Democrats, because it wasn’t clear that there was much of anything that they could do to avoid their drop-off problem. Also, some level of support for Obamacare isn’t an automatic kiss of death. But there are very few competitive House races will fit this mold, and none of the competitive Senate races will.


If Jolly wins: Because this is a seat that Sink should win in a neutral year, should she lose despite all her advantages we’ll have another data point that this is not shaping up as a neutral year. But we already intuited this; there are much better data points highlighting the Democrats’ likely midterm blues.


As for my bottom line? I think the Democrat will win this race, but I think there’s a pretty good chance that it will prove as meaningful as their win in southwestern Pennsylvania in 2010.




RealClearPolitics – Articles



What Should We Read Into FL-13? Maybe Nothing.

Monday, March 10, 2014

Nothing to fear...but GOVERNMENT itself!

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Nothing to fear...but GOVERNMENT itself!

Friday, March 7, 2014

Atheists demand display of Nothing next to Ground Zero cross

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Atheists demand display of Nothing next to Ground Zero cross

Tuesday, March 4, 2014

China Says U.S. Economy Is Fake And Nothing Backs The Dollar -- Episode 301

China Says U.S. Economy Is Fake And Nothing Backs The Dollar -- Episode 301
http://img.youtube.com/vi/VGDkFOyaoRI/0.jpg



Get economic collapse news throughout the day visit http://x22report.com More news visit http://thepeoplesnewz.com UK home ownership is at a record low. Best…
Video Rating: 4 / 5




Read more about China Says U.S. Economy Is Fake And Nothing Backs The Dollar -- Episode 301 and other interesting subjects concerning Top News Videos at TheDailyNewsReport.com

Sunday, March 2, 2014

March 1 2014 Blood of Jesus all over me nothing but the blood of Jesus can clense U from SIN

March 1 2014 Blood of Jesus all over me nothing but the blood of Jesus can clense U from SIN
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March 1 2014 Blood of Jesus all over me nothing but the blood of Jesus can Clean U from SIN Ephesians 2 New King James Version (NKJV) Saved By Grace Through …
Video Rating: 4 / 5




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Wednesday, January 1, 2014

The Economic Recovery Has Now Been Exposed As Nothing But Propaganda -- Episode 203

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The Economic Recovery Has Now Been Exposed As Nothing But Propaganda -- Episode 203

Thursday, October 10, 2013

CBS" Jan Crawford: Obamacare Rollout "Nothing Short of Disastrous"


CRAWFORD: In the past week, the president’s signature achievement has become the butt of late night jokes. […] No one knows how many people have managed to enroll. The administration refuses to release those numbers. But the website’s launch has been nothing short of disastrous. Media outlets have struggled to find anyone who’s actually been successful. The Washington Post even illustrated that sought after person as a unicorn. USA Today called the launch “an inexcusable mess” and “a nightmare.” White House officials initially blamed the problem on unexpectedly high volume with more than 8 million hits in the first week. But after the website went offline over the weekend for repairs, officials now are acknowledging other problems.


KATHLEEN SEBELIUS, SECRETARY OF HEALTH AND HUMAN SERVICES: We’ve identified the glitches. We’ve added hardware. We’re recoding software, and I can tell you today is better than yesterday, and we’re hoping in the very near future to have a seamless process. That’s what we’re aiming for.


CRAWFORD: But computer experts say the website has major flaws.


LUKE CHUNG, OWNER OF DATABASE PROGRAMMING COMPANY: It wasn’t designed well. It wasn’t implemented well. And it looks like nobody tested it.


CRAWFORD: Luke Chung’s company builds online database programs. He supports the new healthcare law and says it’s not demand that’s crashing Healthcare.gov. The entire website needs a complete overhaul.


CHUNG: It’s not even close. It’s not even ready for beta testing from my book. I would be ashamed and embarrassed if my organization delivered something like that.


CRAWFORD: Now there are new reports that people who are actually able to register but then were blocked from going through the enrollment process now are being asked to reset their passwords and their usernames. We talked to Luke Chung about that last night and he said that is a sign this whole system is going through major changes to its software foundation. He said, you know, this is not looking like a Band-Aid solution. That’s more like a heart transplant. And that he said is a good thing.




RealClearPolitics Video Log



CBS" Jan Crawford: Obamacare Rollout "Nothing Short of Disastrous"

Sunday, September 29, 2013

Cruz: "What Have The Democrats Compromised On? Nothing. Zero."


DAVID GREGORY: It’s interesting. Democrats say, “You know, the problem with Senator Cruz’s position is that it’s a purist position.” There are problems with Obamacare. The White House admits that. We talked about polling in some quarters indicating great dissatisfaction with the law, as you’re talking about in Town Hall meetings. But you have to engaged in a debate about how they change the law. What you’ve gone out and said is, “Let’s kill the law all together. Let’s de-fund it.”


SEN. TED CRUZ: Actually, with respect, David, I think the premise of your question is wrong. It is the Democrats who have taken the absolutist position. Look, I’ve engaged– I’d like to repeal every word of the law. But that wasn’t my position, even in this fight.


My position in this fight was we should de-fund it, which is different from repeal. And even now what the House of Representatives has done is a step removed from de-funding. It’s delaying it. Now that’s the essence of a compromise. For all of us who want to see it repealed, simply delaying it for American families on the same terms as is being done for big corporations, that’s a compromise. And at the same time, David, on the other side, what have the Democrats compromised on? Nothing. Zero.




RealClearPolitics Video Log



Cruz: "What Have The Democrats Compromised On? Nothing. Zero."

Saturday, February 23, 2013

The Meaning of Moody"s Downgrade of the UK: Nothing

Moody’s took away the UK’s triple A rating late Friday. A ratings downgrade has long been rumored, and although the timing is always surprising, the move itself has long been anticipated. Sterling slumped on the news in thin dealings, losing a cent in about 30 minutes.

 

When it comes to corporate ratings we can appreciate that rating agencies may have access to private information.  They may also be of value in some developing countries, where information is more difficult to secure.  However, when it comes to large developed countries, the rating agencies have access only to public information and it is the same information that investors use to make their decisions.

 

 

That there is extremely little value-added or new information contained in a rating agency is evident in the lack of market response to downgrades of Japan, the US, Austria, and France, for example.  There is little reason to expect the UK to be an exception to the rule.

 

Some observers are claiming the loss of the UK’s AAA rating is a serious blow to the UK government, but we are less convinced.  It is true that UK Prime Minister Cameron and Chancellor of the Exchequer Osborne had hoped its efforts to address the UK’s debt and deficit would have averted a downgrade.  The downgrade is not going to deter them from the austerity path upon which they have embarked. 

 

 It is politically naive to think see the downgrade as some opportunity for them to change course.  They have rejected the IMF’s calls to slow the austerity drive  What they did not surrender to the IMF, they will not yield to Moody’s or the government’s critics who what to use the downgrade to bludgeon the government into accepting its critic’s, including the Labour Party’s agenda.  

 

Reviewing the rationale behind Moody’s decision is like understanding an set of economists’ views.  It is a narrative constructed around well known facts.  The global economic weakness, especially in the euro area, and the “ongoing domestic public- and private-sector de-leveraging process” is generating poor growth in the UK and this may persist, Moody’s says into the second half of the decade.  

 

The weaker growth means that the debt/GDP ratio will remain elevated for longer.  Moody’s doesn’t expect it to peak until 2016.  The slower growth and higher debt ratio, in turn, means that the UK’s ability to absorb additional future shocks is more limited. 

 

Most investors will find nothing new in that assessment. Ironically, Moody’s demonstrated its firm grasp of the obvious the same day that the EU provided updated its forecasts.  It expects the UK economy to expand by 0.9% this year, compared with a 0.3% contraction in the euro zone, which incidentally absorbs 40% of the UK’s exports.

 

Lost in the initial reaction by many observers who wrung their hands at the downgrade, Moody’s reverted back to a stable outlook for UK debt and the rationale appears to also be shared by many investors.  Simply, even if crudely put, the UK is not Greece.  It has a highly diversified economy and strong institutions/  It has a favorable debt structure.  The average maturity of its debt at 15 years is the highest among the highly rated sovereigns.  It debt servicing capacity remains very strong.

 

Indeed, reading between the lines of Moody’s assessment suggests that, arguably, if UK government were to dilute its efforts to address the country’s debt and deficits, Moody’s may not have been so inclined to offer a stable outlook.

 

From a policy point of view, Cameron’s commitment to austerity is taken as given, then any change must come through two other channels:  monetary policy and the currency.  We learned in recent days that BOE Governor King was out-voted for the fourth time in his tenure.  He wanted to resume gilt purchases.  As has often been the case, he will likely get what he wants.  When Carney takes the helm in July, he also may be inclined to ease policy and it will be interesting to see if he is as tolerant of being outvoted.

 

Sterling has fallen 6.7% against the dollar, second among the major currencies to the yen which has lost 7.1% year-to-date.  It has declined about 6% on the BOE’s broad trade-weighted measure.  Just like the difference between expansion of the Federal Reserve’s balance sheet relative to the BOE’s balance sheet cannot explain this decline in sterling, so too sterling’s decline may not boost exports as much as some, especially those who have focused on currencies wars, would suspect.

 

There are several reasons for this counter-intuitive assertion.  First, surely we can all agree that foreign demand is important.  As we have noted, a major market for UK goods, the euro area, is expected to contract this year.  The US is also expected to slow from near 2% pace it has averaged since the economy bottomed nearly four years ago.

 

Second, the restructuring of the UK’s financial sector and the changes in the globally, may curb its ability to export financial services.  Third, for many goods, there are important non-price dimensions to competitiveness, such a quality, design, speed of service, which will not be impacted by sterling’s decline.

 

What this all means is that the UK’s exports may be sufficient sensitive to sterling’s exchange rate to allow exports to replace the domestic aggregate demand being squeezed by the de-leveraging of the government and households.

 

From an investment point of view, we prefer UK equities over bonds.  The FTSE 100 has a dividend yield of 3.7%, while the 10-year bond yields about 2.1%  Sterling’s broad trade-weighted index is the most inversely correlated to the FTSE 100 since early 2007 near -0.44 on a 60-day rolling basis using percent change.  Running the correlation on simply the level of the FTSE 100 and the trade-weighted index is near 0.93, the highest since late-2004.  The sterling-dollar rate is (on a 60-day percent basis) about 0.71 correlated with the trade weighted measure.  


Zero Hedge


The Meaning of Moody"s Downgrade of the UK: Nothing

Friday, February 22, 2013

Huntsman: Conservatives Should Embrace Gay Marriage

Republican Jon Huntsman is urging the Republican Party to be more supportive of gay marriage, adding that “there is nothing conservative about denying” them the right to wed.

The former Republican presidential candidate, US ambassador to China, and Utah governor wrote the opinion piece, “Marriage Equality is a Conservative Cause” for The American Conservative, which went online Thursday.

“I’ve been married for 29 years. My marriage has been the greatest joy of my life,” he wrote. “There is nothing conservative about denying other Americans the ability to forge that same relationship with the person they love.”

Huntsman also talked about his push for civil unions while he served as governor of Utah from 2005 to 2009 even though 70 percent of residents were against it, adding that religious institutions should not be forced to recognize the marriages if it is “counter to their conscience.”

In 2011, as a Republican presidential candidate, he talked with Piers Morgan in a CNN interview about his views on gay marriage.

“I believe in civil unions,” he said at the time. “I’m in favor of traditional marriage, I don’t think you can redefine it without getting in trouble . . . I think this country has arrived at a point in time where we can show a little more equality and respect.”

© 2013 Newsmax. All rights reserved.


Newsmax – Newsfront


Huntsman: Conservatives Should Embrace Gay Marriage