tag:blogger.com,1999:blog-2761684730989137546.post4883092486891803651..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Alastair Crooke — Steve Bannon’s Apocalyptic ‘Unravelling’mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-2761684730989137546.post-17300234357208552282017-03-10T21:16:11.231-05:002017-03-10T21:16:11.231-05:00Matt said:
"Single payer does nothing to sto...Matt said:<br /><br />"Single payer does nothing to stop what you are talking about... it just feeds it..."<br /><br />NOPE. You haven't the slightest clue what you're talking about here, Matt.Jeff65https://www.blogger.com/profile/10718489243428165684noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48627806108205109592017-03-10T11:39:14.991-05:002017-03-10T11:39:14.991-05:00There are NO solutions that are applicable to heal...There are NO solutions that are applicable to healthcare in the developed world that would simultaneously reduce cost through markets and achieve what the society demands, whether it be universal access or health care that is affordable to all. NONE, ZERO, NADA. The sooner that this is admitted the faster the fix.<br /><br />Cost limitation is based on the error of lack of affordability. Single payer nominal cost is zero when funded by a currency sovereign that issues its currency. Those chits are just bookkeeping.<br /><br />The only question is distribution of real resources that are available to the society. Medical investments are not in serious competition with other vital needs of the society, and medical investments add to useful goods and services. Medical investment is a poster child for public investment. It's win-win all around. There is no crowd out.<br /><br />Now much of the increase in cost in provision is due to constantly improving technology that improves outcomes, including pharma. The result is increased life-span and quality of life.<br /><br />One of the objections is that healthcare is too dominant in GDP. That's nonsense. The dominant factors in GDP should be providing necessities such as clean air and water, nutritious food, education, a legal system, security, etc. Health care is one of those necessities.<br /><br />As others have said, its not the providers that are extracting rent. The old model of single providers competing with each other is long-gone. It turned out to be way too inefficient given the admin expenses as well as technology. It's much more efficient for providers to join institutions that take care of the admin and share technology. That adds the expense of management and top level managers get paid on the level of other sectors. As ever, determine where the rent is being extracted and eliminate that through law and regulation that prevents it or tax it away.<br /><br />The arguments over health care are so stupid as to be beyond belief. It's possible now to provide just everyone on the planet high quality heath care by increasing public investment education, training, and technology. At zero cost of capital for currency sovereigns that issue not only the principal but also the interest if securities are also issued.<br /><br /><br />Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3248891566402220932017-03-10T10:58:19.088-05:002017-03-10T10:58:19.088-05:00"Single payer does nothing to stop what you a..."Single payer does nothing to stop what you are talking about... it just feeds it..."<br /><br /><br />Depends. The current model has hospital entities and physicians vying for a pool of insurance money from multiple insurers and the govt. Each entity strikes deals for reimbursement and then sets its budgets from there. The insurers are constantly screaming that they dont have enough money to pay out for medical care (while insurance executives, who add NOTHING to the process) walk away with billions between them If there is only one insurance company there is only one executive who can walk away with millions. At hospitals its the same model, the CEO gets his and cuts everywhere else form the pie, even needed services. If we treated much of healthcare like we do defense, we just pay a fair amount for what we need. Most people want their doctor happy and well compensated and dont begrudge them , same with nurses. Its all the non patient care people that are overpaid, in the minds of most patients and certainly ALL healthcare workers. I can tell you that there is not ONE single patient care deliverer at our institution that does not think that the overpaid ones are the ones who 1) dont touch a patient 2) dont take call 3) dont catch hell when there is a bad outcome.<br /><br />If the payment model was skewed more towards compensating those who do actual health care work and get rid of or sharply curtail salaries, of those who never touch a sick person, then we could get more care happier providers and way less overheadGreghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-24910667917633364042017-03-10T08:51:57.504-05:002017-03-10T08:51:57.504-05:00Six maybe we should bring back slavery and make th...Six maybe we should bring back slavery and make the doctors be slaves????<br /><br />Might work....Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52908482488866032532017-03-10T08:41:50.617-05:002017-03-10T08:41:50.617-05:00The doctors at the non-profit hospital I go to don...The doctors at the non-profit hospital I go to don't work for the non-profit hospital. Sixhttps://www.blogger.com/profile/10756430577510633914noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-86163595860342119632017-03-10T08:22:39.026-05:002017-03-10T08:22:39.026-05:00I would think that the USD credit will show up in ...I would think that the USD credit will show up in the right column of the Cash Basis DTS which is what you always want with a numismatic system ... but the "deficit!" morons dont use the Cash Basis DTS...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84490277831179621432017-03-10T08:15:33.524-05:002017-03-10T08:15:33.524-05:00It may be really good for people who are "gig...It may be really good for people who are "gigging" rather than "workin' for the man..."Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-58340684935968263212017-03-10T08:12:34.393-05:002017-03-10T08:12:34.393-05:00Its refundable this is the whole point:
"SEC...Its refundable this is the whole point:<br /><br />"SEC. 15. REFUNDABLE TAX CREDIT FOR HEALTH INSURANCE COVERAGE."<br /><br />"‘(b) MONTHLY CREDIT AMOUNTS.— 4 ‘‘(1) IN GENERAL.—The monthly credit amount 5 with respect to any taxpayer for any calendar month 6 is the lesser of— 7 ‘‘(A) the sum of the monthly limitation 8 amounts determined under subsection (c) with 9 respect to the taxpayer and the taxpayer’s 10 qualifying family members for such month, or 11 ‘‘(B) the amount paid for eligible health 12 insurance for the taxpayer and the taxpayer’s 13 qualifying family members for such month. "<br /><br />Here is the link to the pdf of the bill go to page 89 of 123:<br /><br />http://bit.ly/2mAsBiT<br /><br /><br />They are going to put a USD credit into a households MSA for about $1200 every month... I think this option might be the most substantial...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-40115046986112195872017-03-10T08:00:10.086-05:002017-03-10T08:00:10.086-05:00"But they still have a way too top heavy stru..."But they still have a way too top heavy structure which means fewer dollars paying for actual nurses, doctors etc which means less going to actual patient care."<br /><br />Then perhaps sounds like they should be privatized or PPPed so investors can demand efficiency leading to a return...<br /><br />Single payer does nothing to stop what you are talking about... it just feeds it...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-86906675145221808022017-03-10T03:58:32.999-05:002017-03-10T03:58:32.999-05:00The fact that most healthcare is provided by "...The fact that most healthcare is provided by "non profit" institutions is not a refutation of the fact that most healthcare is privatized.<br /><br />Non profit institutions are ones which have no stockholders, that it. But they still have a way too top heavy structure which means fewer dollars paying for actual nurses, doctors etc which means less going to actual patient care. They run their businesses just like a privatized one and most are still not public entities.Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-28696504800132435772017-03-09T23:18:12.303-05:002017-03-09T23:18:12.303-05:00@Matt: nowhere does it say "refundable"....@Matt: nowhere does it say "refundable". Bait and switch. Try again. <br /><br /><i>Help Americans access affordable, quality health care by providing a monthly tax credit—between $2,000 and $14,000 a year—for low- and middle-income individuals and families who don’t receive insurance through work or a government program. </i><br /><br />https://housegop.leadpages.co/healthcare/<br /><br />It also repeals the Net Investment Income Tax, reduces Medicare payments, eliminates coverage for abortion, etc., etc., etc. This is essentially another step towards dismantling any form of public health care (er ... "insurance", not to be confused with any particular medical practice or procedure).Noah Wayhttps://www.blogger.com/profile/12012500819097539976noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89597505814321955352017-03-09T23:14:22.194-05:002017-03-09T23:14:22.194-05:00"The flip side of authoritarianism is not lib..."The flip side of authoritarianism is not libertarianism"<br /><br />Oh yes it is....Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-31277219635715855292017-03-09T23:11:42.376-05:002017-03-09T23:11:42.376-05:00The flip side of authoritarianism is not libertari...The flip side of authoritarianism is not libertarianism, despite the apparent linguistic opposition. Consider the libertarian goddess, Ayn Rand. An authoritarian if there ever was one. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-20671032484424427112017-03-09T23:06:29.814-05:002017-03-09T23:06:29.814-05:00"they see a govt credit of non-govt of USD ba..."they see a govt credit of non-govt of USD balances as a revenue reduction"<br /><br />With their Modified Accrual its like they use Accrual for the right side and treat the left side as Cash Basis... so they are stymied by the concept of a 'refundable tax credit' ... to them its on the left side (revenue reduction with the word "tax" used which means revenue) and they cant accrue it so they cant use a projection and their projected "deficit!" looks smaller as the right side is not afffected by a tax credit so there is nothing to accrue...<br /><br />Foiled by their own moronism....<br /><br />Just have to get it by the libertarian scum on ideological grounds... Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89604695566103094932017-03-09T22:54:58.776-05:002017-03-09T22:54:58.776-05:00Tom remember Bannon: "we're going to thro...Tom remember Bannon: "we're going to throw some stuff up on the wall..."<br /><br />They are cowboy keynesians... not ideal ...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-74449733317927184872017-03-09T22:51:30.330-05:002017-03-09T22:51:30.330-05:00They are going to have to raise wages Tom... perha...They are going to have to raise wages Tom... perhaps substantially...<br /><br />Mike's potential of stagflation is in view here...<br /><br />Or they are going to have to get better at getting the foreign worker people legitimate...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3815015471548319852017-03-09T22:44:26.640-05:002017-03-09T22:44:26.640-05:00Noah its like our EITC:
"https://en.wikipedi...Noah its like our EITC:<br /><br />"https://en.wikipedia.org/wiki/Earned_income_tax_credit<br /><br />"The maximum EITC with one qualifying child is $3,250, with two children, it is $5,372, and with three or more qualifying children, it is $6,044.[3][4][5] These amounts are indexed annually for inflation."<br /><br /><br />Here is an interesting phrasing:<br /><br /> On December 4, 2014, The Atlantic reported that the EITC will reduce revenue to the federal government by about $70 billion in 2015.[6]"<br /><br />so you can see here with their whacky Modified Accrual methodology, they treat a refundable credit of USDs to the non-govt as "reduced revenue!" so this is how Trump is getting this past the "deficit!" morons...<br /><br /> their Modified Accrual is so f-ed up that they see a govt credit of non-govt of USD balances as a revenue reduction... pretty f-ed up but whatever works...<br /><br /> the GOP has taken no flak from the "deficit!" morons so far just the disgraced, human pieces of garbage, sub-human scum aka libertarians...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-53647689768154068482017-03-09T22:31:40.928-05:002017-03-09T22:31:40.928-05:00See what happens to that % when they kick the ille...<i>See what happens to that % when they kick the illegals out...</i><br /><br />Picking strawberries?Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-26165343628531462572017-03-09T22:17:04.222-05:002017-03-09T22:17:04.222-05:00I want to see which dumbass eventually owns it :)
...I want to see which dumbass eventually owns it :)<br /><br />Will it be ...<br /><br />Trump: #Trumpcare<br /><br />Ryan: #Ryancare<br /><br />GOP: #GOPcare<br /><br />Abominable Snowman: #Abominacare <br /><br />Me, I got my money on the last guy :)lastgreekhttps://www.blogger.com/profile/00354740659933239445noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-9017050582719419992017-03-09T22:15:26.040-05:002017-03-09T22:15:26.040-05:0085% of healthcare in the US is provided by NON PRO...85% of healthcare in the US is provided by NON PROFIT institutions....Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-42950529158384685582017-03-09T22:14:24.038-05:002017-03-09T22:14:24.038-05:00Noah,
It's a refundable tax credit here:
&qu...Noah,<br /><br />It's a refundable tax credit here:<br /><br />"A refundable tax credit is a type of tax credit that is treated as a payment. ... By contrast, a nonrefundable tax credit can reduce a person's federal income tax liability to at most zero, and any remaining or unused tax credits are not refunded back to the taxpayer."<br /><br />https://www.thebalance.com/refundable-tax-credits-3193462<br /><br />In the language they are terming it a "monthly" tax credit meaning they will put a monthly USD amount in a persons MSA if they dont have other insurance ... $1200/mo for a household earning less than $150k...<br /><br />Why do you think the human garbage aka libertarians are opposing it?<br /><br />I'm going to run this $14k past my broker next week to see what she thinks ... dont want to bother her this week she is probably fielding too many calls already... I think this $14k might be pretty substantial...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-79276207813494521702017-03-09T22:12:41.102-05:002017-03-09T22:12:41.102-05:00Is there an example of a private-for-profit health...Is there an example of a private-for-profit healthcare system in the world where it's a success? <br /><br />Or, other than the United States, is there a country in the world where it has only a private-for-profit healthcare system?lastgreekhttps://www.blogger.com/profile/00354740659933239445noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-22842335205604629082017-03-09T22:08:26.369-05:002017-03-09T22:08:26.369-05:00Noah: "Your outrage should be reserved for th...Noah: "Your outrage should be reserved for the the fact that half your fellow countrymen are living in or near poverty."<br /><br />That's the most incredible and depressing statistic I've ever come across about an industrialised country, let alone the wealthiest country in history. Dysfunctional doesn't begin to cover it. Johnhttps://www.blogger.com/profile/18181631191840432399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-20607641054683228052017-03-09T22:05:54.958-05:002017-03-09T22:05:54.958-05:00Libertarian? Guilty as charged. Leftwing libertari...Libertarian? Guilty as charged. Leftwing libertarianism is a world away from rightwing libertarianism. As Tom says, libertarianism is the opposite of authoritarianism. And since the right has always been wrong about everything, all sensible people are leftwing libertarians :)<br /><br />As for Trump getting through a healthcare plan that is receptive to the GOPhers without it being the status quo ante, don't hold your breath. I hear these town hall meetings are a real bitch for the congressional GOPhers. The rightwing base is piling on the pressure. After decades of being brainwashed and told that the GOP could work "free market" wonders if only they controlled all branches of government, the brainwashed base has decided to hold the GOPs feet to the fire. After all, the GOP demanded that their feet be held to the fire. Revenge of the delusional rightwing base...<br /><br />I suppose Trump could repeal Obamacare and replace it with the ACA. That could work. <br />Johnhttps://www.blogger.com/profile/18181631191840432399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37853085876019834232017-03-09T22:01:15.325-05:002017-03-09T22:01:15.325-05:00I think all of you guys are still closeted liberta...<i>I think all of you guys are still closeted libertarians... </i><br /><br />That goes double for CNN's Anderson Cooper.<br /><br />Wait...!<br /><br />;)<br /><br />lastgreekhttps://www.blogger.com/profile/00354740659933239445noreply@blogger.com