Tag Archive: Forbes


RAND: Only One-Third Of Obamacare Exchange Sign-Ups Were From The Previously Uninsured

 

 

 

McK-enroll-Feb-2

 

 

 

” A new study from the RAND Corporation indicates that only one-third of exchange sign-ups were previously uninsured.

  The RAND study hasn’t yet been published, but its contents were made available to Noam Levey of the Los Angeles Times. RAND also estimates that 9 million individuals have purchased health plans directly from insurers, outside of the exchanges, but that “the vast majority of these people were previously insured.”

  The RAND report appears to corroborate the work of other surveys. Earlier this month, McKinsey reported that 27 percent of those signing up for coverage on the individual market were previously uninsured.

  One important finding of the McKinsey survey was that the proportion of those who had formally enrolled in coverage, by paying their first month’s premium, was considerably lower among the previously uninsured, relative to the previously insured. 86 percent of those who were previously insured who had “selected a marketplace plan” on the exchanges had paid, whereas only 53 percent of the previously uninsured had.”

 

 

Even as the administration trumpets their 7 million new enrollee number as a triumphal rollout for the abomination that is Obamacare , this report puts the lie to the idea that it is a resounding success if the goal as stated was to bring insurance to the uninsured .

 

” Instead, the vast majority are previously insured people, many of whom are getting a better deal on the exchanges because they either qualify for subsidies, or because they’re older individuals who benefit from the law’s steep rate hikes on the young.”

 

Forbes has more

 

 

 

 

 

 

Forbes: White House Predicted in 2010 That 93 Million Would Lose Their Health Plans Under ObamaCare

 

 

” To counter accusations that the President lied when he repeatedly told Americans they can keep their health insurance plans if they liked them, the administration has claimed that he was referring to the millions of people covered by their employers.

An article from Forbes Thursday thoroughly refutes this claiming that Obama officials back in 2010 predicted that 93 million Americans would have their plans cancelled as a result of ObamaCare including a vast amount of those with employer-sponsored plans:

If you read the Affordable Care Act when it was passed, you knew that it was dishonest for President Obama to claim that “if you like your plan, you can keep your plan,” as he did—and continues to do—on countless occasions. And we now know that the administration knew this all along. It turns out that in an obscure report buried in a June 2010 edition of the Federal Register, administration officials predicted massive disruption of the private insurance market

“The Departments’ mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013,” wrote the administration on page 34552. All in all, more than half of employer-sponsored plans will lose their “grandfather status” and get canceled. According to the Congressional Budget Office, 156 million Americans—more than half the population—was covered by employer-sponsored insurance in 2013.

 

What this means is that not only did Obama lie when he repeatedly told Americans that they can keep their plans if they like them, he also lied in Boston on Wednesday when he said he was referring to the majority of Americans covered by their employers. “

Illustration by Steve Kelley

 

 

 

 

 

Soros & Fellow Billionaires For Open Borders Lobby GOP On Amnesty

 

 

 

” Anyway, that’s all boilerplate and hardly worth commenting on, as much as it might irk me. But I got to thinking about the groups hosting this thing and thought it’d be interesting to match up their principals and supporters with the Forbes 400 list. Turns out that “Billionaires for Open Borders” isn’t just a catchy name — it’s the reality. Joining Soros (#19 on the Forbes 400) in backing today’s lobbying effort are a broad collection of his fellow billionaires. One of the co-hosts was Partnership for a New American Economy. Among the group’s co-chairmen: Michael Bloomberg (#10 on the Forbes 400), Steve Ballmer (#21), Rupert Murdoch (#30), Douglas M. Baker Jr. (#161), and Bill Marriott (#296).

Another co-host was Fwd.us, founded by Mark Zuckerberg (#20) and including among its supporters Bill Gates (#1), Eric Schmidt (#49), Reid Hoffman (#103), John Doerr (#184), Stanley Druckenmiller (#184), John Fisher (#193), Barry Diller (#260), Sean Parker (#273), Jim Bryer (#352), Mark Pincus (was #212 in 2011, but fallen off since), Matt Cohler (worth a measly $400 million, but on the Forbes Future 400 list), Fred Wilson (#16 on Forbes Midas List of top tech investors), Ron Conway (#41 on the Midas List), and Richard Kramlich (#73 on the Midas List). That’s not to mention a whole list of mere multi-millionaires and even billionaires who didn’t make the cut.”

 

Read the whole thing at The Corner

 

 

  The fact that each of these self-serving a**holes can be given a hearing by the bend-over crowd on the right side of the aisle while they continue to ignore the will of the people is indicative of the total corruption of our present political system 

    Now more than ever we need to institute a ” one and done ” policy concerning our political class . We saw fit to limit the terms of the presidency and that job is actually less damaging to the public good than is Congress . For that reason we need term limits now . It is well past time to eliminate the possibility , nay certainty , that our elected leaders will become beholden to the money men in this country as is now the case .

 Forget Citizens United and all the other pretend fixes that the princes in Washington offer as “solutions” to the corruption of our political class . The simple solution is to eliminate the political class all together . The Founders envisioned a citizen legislature where people from all walks of life briefly interrupted their lives to serve the public good and then retired to the productive work that they had always done . They never imagined that the Republic they gave so much to create would degenerate into a caste system with a ruling elite .

 It may seem like a radical idea to some but we feel that no politician should stand for re-election EVER . Hence our choice of “One And Done” . End the “profession” of politician now . No re-election drastically reduces the ability of outside money men to bend the politicians to their will with promise of filling their re-election coffers .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

They’ll Turn Us All In To Beggars , ‘Cause They’re Easier To Please

 

 

 

” Yet as fewer labor hours go into producing goods, workers work longer to buy the goods. Using the hour as a measure of costs, we can calculate how much more work a wage earner must produce to buy milk today. But it’s harder to measure the reduction of work that goes into production. We know that it’s less by empirical evidence, but we only get a sense of it.

By switching to gold, we can measure both wages and prices on an absolute scale—in ounces—and we can make precise comparisons. To convert the price of anything to gold, just divide the price by the current gold price. For example, in 2011 if a big-screen TV was $785, then divide that by the gold price of that year; the television set cost half an ounce of gold.”

 

 

 

The bottom line is that, in terms of gold, wages have fallen by about 87 percent. To get a stronger sense of what that means, consider that back in 1965, the minimum wage was 71 ounces of gold per year. In 2011, the senior engineer earned the equivalent of 63 ounces in gold. So, measured in gold, we see that senior engineers now earn less than what unskilled laborers earned back in 1965.

That’s right: today’s highly skilled professional is making less in real, comparative terms than yesterday’s unskilled worker.”

 

 

 

” When measured in dollars, wages and prices appear to be rising and, comparing wages to prices, we see only a small loss of purchasing power. However, prices do not tell the whole story, because they reveal nothing about costs. Costs also fell and this explains why the apparent drop in the real wages seems small.

But measured in gold—and this is crucial to understanding why we need a gold standard—we see reality with clarity. Incomes are about one tenth what they were in the 60’s. ” 

 

 

HT/Instapundit

 

 

 

 

 

 

 

 

Cody Wilson On The Angel Clark Show Talking 3-D Printable Guns

 

 

” Cody R. Wilson is a student at the University of Texas School of Law. He is the crypto-anarchist founder and director of Defense Distributed and DEFCAD, non-profit organizations that develop and publish open source gun designs suitable for 3D printing. Wilson was called “the face of printable firearms” by MAKE magazine, one of the most polarizing figures in technology by Forbes, and was named one of the 15 most dangerous people in the world by Wired.”

 

 

 

 

The World’s Youngest Billionaires: 29 Under 40

 


 Dustin Moskovitz, the world’s youngest billionaire.

” There are 1,426 billionaires in the world this year. They are the wealthiest of the wealthy. But only 29 members of this elite list are under 40 years old, with that exciting combination of money and youth.

Those 29 have a total of $119 billion between them. Ten come from the technology sector, including four from social networking giant Facebook. Eleven come from the United States, the rest from countries abroad. Five are newcomers to the billionaire ranks. Read the full list below.”

 

 

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Forbes Lists America’s 20 ‘Most Miserable Cities’; Guess What The Vast Majority Have in Common?

 

Believe it or not , this is no third world slum ... This is Detroit

 

” Forbes just published its 20 Most Miserable Cities List for 2013. The magazine left off several obviously more “worthy” contenders, perhaps because its decisions to include and exclude certain criteria were, to say the least, more than a little odd.

I have listed the magazine’s top twenty following the jump, along with each city’s mayor and that person’s political leanings, showing a commonality the magazine’s Kurt Badenhausen failed to observe:

 

20. Youngstown, Ohio — Charles P. Sammarone, Democrat
19. Gary, Indiana — Karen Freeman-Wilson, Democrat
18. Poughkeepsie, New York — John C. Tkazyik, Republican
17. Cleveland, Ohio — Frank Jackson, Democrat
16. Atlanta, Georgia — Kasim Reed, Democrat
15. Atlantic City, New Jersey — Lorenzo Langford, Democrat
14. Milwaukee, Wisconsin — Tom Barrett, Democrat
13. Camden, New Jersey — Dana Redd, Democrat
12. St. Louis, Missouri — Francis Slay, Democrat
11. Toledo, Ohio — Michael Bell, ran as an independent but is a lifelong Democrat
10. New York, New York — Michael Bloomberg, Nanny State “Independent” since 2007; Democrat before 2001; ran as a Republican in 2001 just to get a spot on the ballot.
9. Waukegan, Illinois — Robert G. Sabonjian, Democrat (see first paragraph following this list)
8. Stockton, California — Anthony Silva, a Republican sworn into office by Democrat and former California Assembly Speaker Willie Brown.
7. Warren, Michigan — James Fouts, Republican
6. Vallejo, California — Osby Davis, Not determinable
5. Modesto, California — Garrad Marsh, “non-partisan,” clear Democrat sympathies
4. Chicago, Illinois — Rahm Emanuel, Democrat
3. Rockford, Illinois — Larry Morrissey, Independent
2. Flint, Michigan — Dayne Walling, “nonpartisan,” formerly worked for U.S. Rep. Dale Kildee, a Democrat
1. Detroit, Michigan — Dave Bing, Democrat

The Richest Women In America

Forbes 

 

  “On the 2012 list of The FORBES 400 Richest Americans, there are a total of 45 women, accounting for 11% of the list. They span the country, residing in states from Texas to Wisconsin and California, and hold most of their wealth in companies they built or inherited. The top 20 richest women alone control an estimated $160 billion—more than the entire GDP of New Zealand.”

 Antarctic sea ice set another record this past week, with the most amount of ice ever recorded on day 256 of the calendar year (September 12 of this leap year). Please, nobody tell the mainstream media or they might have to retract some stories and admit they are misrepresenting scientific data.”

” What The Left Won’t Tell You About The Boom In U.S. Gun Sales “

” As gun sales surged in early 2009 the going joke among employees of gun manufacturers was that President Barack Obama was the “greatest gun salesman of all time.” The trouble with this backhanded complement, however, is Left-
leaning news outlets have since used it to avoid something that really scares them.

   As ABC put it, Americans are buying more Glocks and Berettas simply because they fear “a
second Obama administration might restrict gun ownership.” Their reporting conveniently stops
right there. “

“Forbes wonders: Should Biden have a neurological exam?”

  “Are Joe Biden’s ever-increasing verbal misstepsthe result of increased media scrutiny after three
years on a back burner, a symptom of just plain old ordinary stupidity — or an indication of organic brain damage? I’m inclined to think it’s
a combination of the first two, but Dr. Henry Miller at Forbes (a physician himself) is worried
about the latter. Should the Obama
administration get Sheriff Joe a neurological exam? “

“No President Obama, It Was Private Business That Made Our Roads And Bridges Possible”

 

  “Without big government, President Obama likes to suggest, we would all be poor, miserable creatures. For starters, he claims that business became possible only because government built roads and bridges.

Actually, Obama has it backwards. Private business came first, then roads and bridges.

They weren’t originally developed by governments. They were developed by merchants who began establishing trade routes thousands of years ago. In the beginning, before the first Department of Public Works, there were innumerable trails.

Developing trails required that somebody travel, and kings generally didn’t travel unless they were conquering new territory. If they left their territory for an extended period, they would probably have returned to find somebody else ruling the territory that used to be theirs. So it was merchants, hoping to make money, who blazed the trails for regional and long distance trade. At their own expense, merchants determined the most worthwhile places to go and the most efficient ways of getting there.

Europe’s first great civilizations arose from private trade. Starting perhaps around 7000 B.C.E., a resourceful maritime people who became known as Minoans established themselves in Crete. They were ancient history to Homer. They brought copper from Cyprus, tin from Asia Minor, elephant Tusks from Syria and diorite from the Nile Valley – and Minoan pottery made its way to Egypt.”

Read it and weep gun control advocates

  ” So, can you print a gun? Yep, you can and that’s exactly what somebody with the alias “HaveBlue” did.
    To be accurate, HaveBlue didn’t print an entire gun, he printed a “ receiver ” for an AR-15 (better known as the military’s M16) at a cost of about $30 worth of materials.”

HT/Instapundit

Record Setter

   Given the fact that the American people elected him in the first place , I’d say he has good reason to think that his constituents are stupid enough to do it again . Remember , his voting block is very comfortable with spending other people’s money

 

   ” The U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality. But that is the reality of President Obama today.

Waving a planted press commentary, Obama recently claimed on the campaign stump, “federal spending since I took office has risen at the slowest pace of any President in almost 60 years.” “