Trump Rages At “Sick” Comedian’s Stunt; Melania Questions Griffin’s “Mental Health”

Disgusting but not surprising. This is the left today. They consider this acceptable. Imagine a conservative did this to Obama as POTUS? — Donald Trump Jr. (@DonaldJTrumpJr) May 30, 2017

Update: First Lady Melania Trump has spoken out against Kathy Griffin’s actions, questioning her “mental health.”
‘As a mother, a wife, and a human being, that photo is very disturbing,’ the first lady said in a Wednesday statement, according to reports.
‘When you consider some of the atrocities in the world today, a photo opportunity like this is simply wrong and makes you wonder about the mental health of the person who did it,’ Melania Trump said.
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Despite her apology – after her ultimate act of virtue signaling by holding up the blood-soaked head of the president backfired – President Trump and his family failed to find the humor in this heinous act.

This post was published at Zero Hedge on May 31, 2017.

Goldman Explains What The Repeal Of Obamacare Really Means

After months of internal discord, House Republicans finally approved a bill to overhaul Obamacare, which they have been attacking since it was enacted in 2010. While there are various nuances, here are the bill’s main provisions courtesy of Reuters:
The Republican plan would maintain some of Obamacare’s most popular provisions. It would allow young adults to stay on their parents’ health plan until age 26. The bill would let states opt out of Obamacare’s mandate that insurers charge the same rates on sick and healthy people. It would also allow states to opt out of Obamacare’s requirement that insurers cover 10 essential health benefits, such as maternity care and prescription drug costs. The measure would provide states with $100 billion, largely to fund high-risk pools to provide insurance to the sickest patients. The bill also would provide $8 billion over five years to help those with pre-existing conditions pay for insurance. It would let insurers mark up premiums by 30 percent for those who have a lapse in insurance coverage of about two months or more. Insurers won a provision they had long sought: The ability to charge older Americans up to five times more than young people. Under Obamacare, they could only charge up to three times more.

This post was published at Zero Hedge on May 5, 2017.

GAO: Biggest Fiscal Threat to U.S. Is Interest on Treasury Debt – Not Social Welfare Programs

On Wednesday, the General Accountability Office (GAO), the bipartisan congressional watchdog, released an in-depth report on the U. S. government’s challenging fiscal outlook. Despite its surprising revelations, the study received little to no coverage by major media outlets.
While most Americans have been led by political rhetoric to believe that government programs like Medicare and Medicaid are the biggest threats to the future U. S. fiscal picture, the GAO study found the following:
‘While health care spending is a key programmatic and policy driver of the long-term outlook on the spending side of the budget, eventually, spending on net interest becomes the largest category of spending in both the 2016 Financial Report’s long-term fiscal projections and GAO’s simulations.’
The GAO cited a simulation that showed net interest payments on U. S. debt increasing ‘from $248 billion in fiscal year 2016 to $1.4 trillion in fiscal year 2045 in 2016 dollars.’

This post was published at Wall Street On Parade By Pam Martens and Russ Marte.

Obamacare? Trumpcare? Get Rid of it All

Ever since the US government began to sink its claws into the medical industry a good 50 or so years ago, attempts at reducing costs have failed again and again. This is par for the course whenever government invades an industry.
Trying to reform this Frankenstein with either Obamacare, or Trumpcare, will solve nothing.
The problem is structural. Tinkering with this or that will just waste more time.
RELATED: “How Government Regulations Made Healthcare So Expensive” by Mike Holly
In order for real change to happen, a fundamental change has to occur in the thinking about what health care actually is. It’s not what Americans have been conditioned to believe.
Peter Klein has put it into plain language in the following short video. I’ve also transcribed key sections below:
From a fundamental economics point of view, what is healthcare exactly? One of the things that’s particularly frustrating for me as an economist is this notion that “healthcare” is some kind of a unique good or service, that everybody needs, everybody wants, but cannot be provided by the market the way the market provides shoes, or tomatoes, or automobiles, or any other good.

This post was published at Ludwig von Mises Institute on May 4, 2017.

Go Ahead And Cheer The Fraud

The lies are ridiculous.
“Obamacare” has not been repealed, nor replaced.
Deductibles and premiums will not come down, because exactly nothing has been done to address the underlying cost of medical care, and that is, of course, what drives the cost of “health insurance.”
It also probably won’t pass the Senate, so that The House has done so is immaterial.
But heh, go ahead and take a victory lap Mr. Trump for something that hasn’t passed the Senate yet, and by the way, may I remind you that the Executive, which you head, can cut the cost of medical care by 80% or more in an afternoon.
You simply need to enforce the law, 15 USC specifically, which is your ******ned job and which you took an oath to do — and have, since your inauguration, serially and intentionally violated every single day since.

This post was published at Market-Ticker on 2017-05-04.

Senate To Write Its Own Obamacare Repeal Bill

The Republican House spent Thursday afternoon celebrating the passage of a Healthcare bill that nobody has scored, let alone read, and already the Senate has poured cold water over the first and so far only achievement of the Trump administration.
The reason, as we reported this morning, and as Bloomberg and The Hill confirm, several key Senate Republicans have said they will set aside the narrowly passed House health-care bill and write their own version instead, a sign of how difficult it will be to deliver on seven years of promises to repeal Obamacare. In the wake of the House’s razor-thin 217-213 vote, the Senate made clear it was going in a different direction.
It started with GOP Senator Dean Heller, who is up for reelection in 2018 and is considered one of the most vulnerable. Heller said he wouldn’t support the House’s bill in its current form. ‘We cannot pull the rug out from under states like Nevada that expanded Medicaid and we need assurances that people with pre-existing conditions will be protected,’ he said in a statement.
A second senator, Rob Portman, made clear his concerns over how the House bill treats Medicaid. While ObamaCare expanded the healthcare program to more low-income Americans, the House bill would eliminate that expansion in 2020. ‘I’ve already made clear that I don’t support the House bill as currently constructed,’ Portman said in a statement, ‘because I continue to have concerns that this bill does not do enough to protect Ohio’s Medicaid expansion population, especially those who are receiving treatment for heroin and prescription drug abuse.’

This post was published at Zero Hedge on May 4, 2017.

“Let’s Get This F–king Thing Done!” Republicans Rejoice, But Senate Warns Healthcare Bill Won’t Pass

Ahead of today’s 1:30pm-ish vote on Obamacare, Republican representatives are positively giddy that they finally have internal consensus and, absent some catastrophic last minute hurdle, will finally pass the Republican healthcare bill, beginning the process of repealing and replacing most of Obamacare. As the Hill reports, the scenes this morning in the Capitol were nothing short of a pep rally.
Speaker Paul Ryan and his GOP leadership team held what amounted to a pep rally for rank-and-file members in the Capitol basement Thursday morning as they predicted victory in their push to repeal and replace ObamaCare. Leaders played the ‘Rocky’ theme song as lawmakers walked into the meeting. Majority Leader Kevin McCarthy (R-Calif.) put an image of George S. Patton on the screen and read inspirational quotes from the general. ‘Let’s get this f–king thing done!’ Rep. Martha McSally (R-Ariz.) told her colleagues, according to sources in the room.
As discussed previously, following several prominent flips among holdouts, the House is expected to vote shortly after 1pm on the GOP’s healthcare bill, which has been stalled in the lower chamber ever since leaders yanked it off the floor six weeks ago. Top House Republicans predicted they had the 216 votes necessary to pass, touting the expected victory as a win for the GOP’s vision on healthcare.

This post was published at Zero Hedge on May 4, 2017.

One-Third of Americans Are on Government Healthcare

The US House of Representatives voted to day to “repeal and replace” Obamacare. Unfortunately, those who use the phrase “repeal and replace” are greatly exaggerating the extent to which the Affordable Care Act is actually repealed.
While perhaps a tiny step in the right direction, the new legislation signals no departure whatsoever from the long-established trend of expanding the role of government programs in subsidizing the regulating the health care industry.
Perhaps worst of all, since this is being called a “repeal,” many may be prompted to think that the US health care system is a “free market” system, or that government spending has only a very small role in the industry.
This couldn’t be further from the truth.
In fact, the US is fourth in the world in terms of per capita government spending on health care, behind only Norway, Luxembourg, and the Netherlands. That’s government spending, not overall spending:
In fact, those numbers from the World Health Organization (WHO) are from 2014, and with the expansion in Medicaid spending under Obamacare, it’s entirely plausible that the US has moved into third place in the past two years.

This post was published at Ludwig von Mises Institute on May 4, 2017.

Watch Live: Trump Holds Rose Garden Press Conference To Celebrate Obamacare Repeal

After just voting to repeal and replace Obamacare with a 217-213 vote, House Republicans have been invited by President Trump to the White House for a victory press conference.
If victorious, Republicans will be having a big press conference at the beautiful Rose Garden of the White House immediately after vote!
— Donald J. Trump (@realDonaldTrump) May 4, 2017

This post was published at Zero Hedge on May 4, 2017.