Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
I was half-heartedly working on a post about zero interest rates but my heart wasn’t even half in it. So I picked up these kayak-rolling videos from my dealer.
Last year I attended a rolling class put on by the couple who produced the videos. They are fun people and outstanding instructors. They travel and give rolling clinics around the world. I recommend them highly if you are into this kind of thing, which not everyone is.
I saw a young, able-bodied guy begging today at a major intersection with the sign, “Hungry Vegan”. Don’t know how that’s working out for him. Maybe he’s working the irony angle.
At least he’s not at the other big intersection that has the guy without a nose and (on the other side of the crossroad) the guy with the horribly bent lower leg. Tough competition.
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I have been saying that Obama care is just Medicaid for all. As time goes by, here is more and more evidence that this is the case.
The latest evidence is in The Wall Street Journal and behind a pay wall but I will quote some of it.
But a new paper from the Heritage Foundation, however, suggests that nearly all of the increase came from adding nearly nine million people to the Medicaid rolls.
In other words, ObamaCare expanded coverage in 2014 to the extent that it gave people free or nearly free insurance. That goal could have been accomplished without the Affordable Care Act. To justify its existence, ObamaCare must make affordable private insurance available to a broad cross-section of uninsured Americans who are ineligible for Medicaid.
But with fewer people buying insurance through the exchanges, the economics aren’t holding up. Ten of the 23 innovative health-insurance plans known as co-ops—established with $2.4 billion in ObamaCare loans—will be out of business by the end of 2015 because of weak balance sheets.
And while rates vary widely by state, the cost for private insurance through the exchanges is also increasing dramatically. An analysis by consulting firm Avalere Health released on Friday shows that some of the most popular insurance plans in the ObamaCare exchanges will experience double-digit premium hikes in 2016.
My earlier objections to Obamacare were that it promises too much and pays too little.
As it turns out, Medicaid patients can’t get appointments with physicians.
“America has severe primary care physician shortages, and many physicians will not accept Medicaid patients because Medicaid pays so inadequately,” said Michael Gerardi, MD, FAAP, FACEP, president of the ACEP.
