BillMoyers: Why a Single-Payer Health Care System is Inevitable.
“Health insurers spend lots of time, effort and money trying to attract people who have high odds of staying healthy (the young and the fit) while doing whatever they can to fend off those who have high odds of getting sick (the older, infirm and the unfit). As a result we end up with the most bizarre health-insurance system imaginable: One ever better designed to avoid sick people.” My italic emphasis.
Tax Justice Network: Corporate tax cuts - why the old analyses don’t stack up any more.
The Atlantic: The Plight of the Overworked Nonprofit Employee.
“These responses expose a gap between the values that many nonprofits hold and the way they treat their own staffs. There’s no doubt that nonprofits today face serious financial difficulties and constraints, but do they have no choice but to demand long, unpaid hours of their employees? Putting questions of fairness aside, is their treatment of their workers limiting their effectiveness?”
Mashable: You’ll soon be able to register a .blog domain.
Jeez, the early-access price. Vanity, thy name is .blog?
SF New Mexican: Tensions soar as more and more drifters call national parks home.
The Atlantic: The Difficult Math of American Health Care.
“At the end of the day, who has health insurance in the U.S.? It’s people on Medicare and Medicaid, who don’t pay the full cost of their coverage because the government picks up most or all of it. It’s people on employer-sponsored plans, who tend not to realize they pay the full cost because they get large (though declining) subsidies from their employers. And it’s people who buy Obamacare policies, many of whom don’t pay the full cost because they get subsidies, and many of whom place a high value on insurance because they know they are sicker than average.” Those are the people who say it’s great. The rest of us are stuck with absolute useless, expensive insurance - enforced by law.
TechDirt: With Republicans Backing Away From TPP, Does It Still Have Any Chance?
“So, you have both candidates claiming to be against TPP, but for weird reasons, and no one believing the Dem candidate, while no one quite understanding the GOP candidate. Meanwhile, the sitting President continues to push for the TPP even as the only two people likely to have his job in a few months insist they won’t support it.” Yes, it’s this bad in America right now. The confluence of media/politics/reality is just a regurgitated mess.
FishbowlNY: NY Times to Shutter NYT Now App.
Not esp. surprising. Another app I can erase.
naked cap: ObamaCare Death Spiral Accelerates as Aetna Pulls out of the Exchanges.
“The [insurance company] dropouts also undermine a key promise of the law: multiple insurers would compete for consumers’ business each year, and the power of the market would control costs and raise quality. Instead, the opposite is happening.” My italic emphasis.
naked cap: Will Elizabeth Warren Stymie Clinton’s Pro-Big Finance Campaign Promises?
“The Warren-istas understand that the Republicans are likely to have just around half of the Senate, and are likely to retain control of the House. The bad news, for Ms Warren’s supporters, is that new laws will be hard to pass. The good news is that the existing laws, including Dodd-Frank and the SEC’s governing legislation, already give future appointees all the authority they will need.” Why she would have been wasted as VP.
Nat’l Post: If the gig economy is booming, why is ‘freelance’ still a fail?
“As companies become less loyal to workers – creating work conditions most favourable to the Patrick Batemans of the world – people are pushing back and setting their own wages, hours and terms of employment.”
The Atlantic: Aetna to Withdraw From Nearly 70 Percent of Its Obamacare Exchanges.
“Back when UnitedHealth was the only insurance company bailing out, it was easy to dismiss as just one company trying to boost its bottom line. But when all five big insurers are bleeding money, it’s clear you’ve got bigger problems.” Looks like the media wants to make it a talking point. We’ll see if any candidate takes the bait, or that it survives the news cycle.
Vox: This certainly doesn’t look good for Obamacare.
“And it’s fair to say that at this point, Obamacare is going through a major test of its viability. It relies on private insurers to willingly participate, and it is not clear they want to keep participating — or at least it is not clear that enough of them want to keep participating to create the nationwide coverage and competition Obamacare envisions.” As I’ve said, Dems know it’s broken ... but don’t want to fix it until after they win in November. Any mention in a debate will be a tamp-down, de-escalate response.
BillMoyers: Why Trump Is In Youngstown.
“While they cheer for Trump’s promise to build a wall and exclude Muslims, they forget that in the 1920s several towns in the Mahoning Valley, including Youngstown, elected mayors and city councils who were openly affiliated with the Ku Klux Klan and who won their elections by fomenting fear and resentment of Catholic and Jewish immigrants who, they warned, could not be trusted because of their allegiance to the Pope or to Bolshevism and would drive down wages.” Those who do fail to learn history are doomed to repeat it.
The Atlantic: A Conservative Entitlement Program for Paid Family Leave.
“... now a Republican-backed research group is going significantly beyond those plans and suggesting the kind of solution conservatives have rejected for years: a new entitlement program for the working poor.” Perhaps another sign of a more wide-ranging political ideology course-correction, to return to (what I consider) ‘center’ philosophies. We’ve been so far rightward for so long ... only those who can remember McGovern seem to recall what a real Democrat was. Don’t even start me on what a ‘moderate Republican’ used to be.
SF Reporter: Federal Land Grab.
The Republicans cut the funding, therefore management personnel. So now they cry ‘Federal mismanagement’! Own a mirror, Repubs? Bullshit. Leave it in Federal hands. Put more managers in the local areas. States’ll destroy our resources.
PS Mag: Twenty Years Ago, We Reformed Welfare.
“The program’s fixed block-grant structure meant it couldn’t respond to economic downturns by increasing aid. During the downturn — which was, lest you forget, the most severe economic slowdown in recent history — many states actually aggressively cut people from the welfare rolls in the face of budgetary pressures, reporting declines in their welfare caseloads.” Yeah, the Clintons should not brag about this. My fellow Dems know about the bait-and-switch of block grants. Well, if you oppose them now, you should not believe this is a feather in the Clinton cap. Never again.
Political Wire: Clinton Paid 34% Effective Tax Rate.
“Mrs. Clinton and her husband, former President Bill Clinton, paid an effective federal income tax rate of 34% in 2015 and donated nearly 10% of their gross income to charity, the campaign said in a statement.” A proper display of financial ‘patriotism’. Now the other candidates need to step up ...
Slate: The United States of Debt looks into rising health care costs.
SF New Mexican: New Mexico pension funds miss targets for returns.
“The New Mexico Public Employees Retirement Association that oversees pension funds for state, county and municipal workers along with judges and volunteer firefighters is reporting a return on investments of less than 1 percent for the fiscal year ending in June.” Major ouch.
naked cap: Clinton’s Red-Baiting Fails to Address Inequality, War-Mongering as Trump Flails.
The ‘Obama third term’ fantasy: “Well, the problem is that many people aren’t better off than the last eight years. Ten million families have lost their homes, and most peoples’ budgets are being squeezed. Obama saved the banks not the economy.” Obviously I don’t agree with his take on Trump as being the lesser evil, but given Hudson’s background, it’s worth reading.
OilPrice: The Consequences Of Big Oil’s Exploding Debt.
Nice. Borrowing to pay dividends. We should all stand by ready to yell “boing”!
ineteconomics.org: Stark New Evidence on How Money Shapes America’s Elections.
“Their answer is stunning: there is strong, direct link between what the major political parties spend and the percentage of votes they win – far stronger than all the airy dismissals of the role of money in elections would ever lead you to think, and certainly stronger than anything you read in your poli sci class.”
naked cap: JAMA Turns Over Its Pages to Neoliberal Policy Erasure on Health Care, Because Obama.
“... the “public option” is also a sort of policy earworm, impossible to get out of your head once you hear it. It sounds like such a good idea, and I can even imagine that the Clinton administration would propose legislation for in 2017. But it’s no substitute for single payer, and I argue that creates a very dangerous precedent.” Read it through, see what you think.