Tuesday, January 19th, A Seminal Moment
The Market Ticker ® - Commentary on The Capital Markets
Posted 2010-01-18 09:37
by Karl Denninger
in Health Reform
Ignore this thread
Tuesday, January 19th, A Seminal Moment
 

Do we get Health Care "reform" that will:

  • Tax you now, provide better health care never?

  • Continue the linkage of health care and your employment, forcing millions of Americans to keep jobs they don't want and not take jobs they do?

  • Force you to purchase a health policy from a private company, a sop to big business (and a likely unconstitutional mandate)?

  • Fail to keep one of the Democrats' promises and indeed result in a worse outcome than if we had done nothing at all about the Health Care mess?

If you like this path, and you live in Massachusetts, vote Democrat on Tuesday.

If you reject this path - Democrat or Republican - then you must not vote Democrat on Tuesday.

Democrats want a public health care option, for good reason.  If we are going to be forced to have health insurance then we should all be in the same pool.  You, I, Congress and The President.  We should all have skin in the same game.  But The Democrats did not assemble a bill that will provide what they claim they want.  Instead they took bribes and put forward a bill that will in fact destroy both public and privately-funded health care.

Republicans believe this is a broken model.  They're right - it is.  But they have not put forward a true market model, as I called for in September, nor do they have any intent of addressing the problem either, as they are being bribed too!

The truth is that this bill before the House and Senate will destroy health care in The United States.  It will force you to spend 25% of your pretax income on "insurance" that will cover less than you get now.  Many will opt to pay the fine instead, which will in turn cause the insolvency of the system, at which point the health care providers and insurers will clamor for bailouts just as the banks did when they made unjustified and unrealistic projections based on fraud and lost their bets.

On January 19th, one state in America will choose the path for health care in this nation.  The choice is, unfortunately, not between a good system and a bad system, but rather between forcing the politicians to scrap a catastrophe, leaving what we have now in place in the meantime, or hurtling toward a full-on collapse of private insurance and the best health care in the world.

A vote for Coakley is a vote for that collapse.

Choose - and vote - wisely.

Discussion below (registration required to post)
 

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User Info Tuesday, January 19th, A Seminal Moment in forum [Market-Ticker]
Rtfg
Posts: 1998
Incept: 2007-06-26
Gold A True American Patriot!
Bazookaville
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You may want to emphasize the "not" in <not vote democrat>
Docj
Posts: 1010
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Silver
Duck & Cover
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Hello from Ground Zero in the fight! My bold prediction, based on campaigning for Brown the last 2-weeks, is Brown +6 (something like 52-46), a veritable landslide for a Republican in the Bluest state in the Union.

Current polling (http://www.realclearpolitics.com/epolls/....) has Brown up between 3 and 10.

Best -

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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams

Reason: Fixed the link to RCP
Widgeon
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If it will stop this health care "reform" smiley I'm for it.

Captbill
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Arizona's West Shore
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Great Ticker KD.

My only fear, is that when Brown wins the Dems will descend on Mass with every lawyer they have to cry foul, recount etc...and this gets tied up in court for months. They have a thing about being entitled...sadly.

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Incredible. There's Smith and he's standing there and he's got the iceberg warning in his ****ing hand, excuse me, his hand, and he's ordering more speed. Lewis Bodine, RMS Titanic
Fidgit
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Hope the repubs have mobilized lots of poll watchers.

Also hope those who care get off their ass and vote tomorrow.
Beignet
Posts: 1872
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O-Town
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how long will it take to count the votes, recount and then wait on the absentee ballots?

the dems could make this election into one big cf. . . .

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Falcor
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Gold
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Captbill -

If they do, they will further delegitimize themselves.
2banana
Posts: 337
Incept: 2008-02-25

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You wrote an article on Tuesday's Senate Massachusetts election without mentioning:

1. The republican candidate by name or reference (Scott Brown)

2. To "vote republican" for any reason

Very strange.
Widgeon
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Capt ... you mean like the Repubs descended on FL in 2000 or MN in 2008.

Just saying because it appears to require re-repeating ... both parties have got to go. Support of the R candidate in MA ought to be considered a matter of an Emergency Choice.

JMO.
Micronin127
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How long the process takes depends on the initial count... if it is REALLY close, then there will be hand recounts, challenges, disputed ballots, judges determining if you can discern 'voter intent'.... in other words it could stretch on a long time a la Al Franken vs. Norm Coleman.

If it is not that close and really even a 2% margin is not that close, then the process will move a lot faster.

Anything over 2% and I would have to expect the loser to concede avoiding a recount entirely.
Ruffcut
Posts: 2903
Incept: 2007-07-07

Mushagain
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"the best health care in the world"

Problem is, the country, collectively, can not afford the best, anymore. Corporations, both big and small, government, federal, state and local, can no longer afford it. The government ignored it for way too long. Just another cog in our system, that has made us uncompetitive in the global economy and has sucked us dry.
A great example, of a "no win" situation.

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Support locally, and **** off globally!
Jszoke
Posts: 100
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Great video - I love the fight for the underdog.

This is going to be a VERY interesting November.

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No More Bull****.
Get_a_grip
Posts: 556
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Green
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I would like to see more focus on what I think is the "real" reason for the healthcare bill. IMO it has nothing to do with healthcare and covering more people and giving them better care.

The main reason is that the Gov is broke and they know it. This is just another ponzi scheme to extract a huge new source of tax money that will not be "saved in a lockbox", just like Social Security. The Gov will spend all of the money to fund the Gov and of course limit or ration care to assure at least at the beginning that more money is coming in than is going out.

I'm surprised that at least some Dem's haven't leaked out the true reason for why this MUST be passed very soon.

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"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it" -- Frederic Bastait
Kwl88
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KC, MO
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DocJ,

CAN Brown REALLY Win in Massachusetts?!

I guess Massacusetts has elected Republican Governors in the past - Why not a Republican Senator?!

Is Brown a Republican or a RINO?

How stupid is Coakley?
Aja
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Again with dropping the "ic" from "Democrat". Stupid semantic trick dating back to Joe McCarthy. Annoying to find this kind of thing in an otherwise well reasoned piece. At least be consistent and write, "Vote Republic"
Fidgit
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Haha, Glenn Beck urging voters to bring their video cameras to the polls with them...good idea! ;)
Micronin127
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Brown can win, but it will be very close. 9" of heavy wet snow in the Worcester area isn't going to help Brown any.

Boston is going to vote heavily for Coakley.

Worcester, Springfield and the less populated western cities and town will vote heavily for Brown.

Brown should be mobilizing armies of snow shovelers to make sure every little old lady that wants to can get out her front door and vote on Tuesday.

http://www1.whdh.com/weather/
Budxr7
Posts: 51
Incept: 2009-07-08

Mass
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Ironic that the main ad on the ticker article is anti-Brown. I've never seen/heard so many campaign ads before via tv/radio. One noticeable difference is the road-side supporters are definitely in Browns favor. Also Brown's suggestion that people make home made bumper stickers and window messages are out in full force. The vibe in MA favors Brown.

I live in a defunct mill town which has become a social engineering cess pool. I was harrased during the presidential election at the polls. Funny, there were police right inside the door doing nothing about the punks outside. I will certainly report if this type of behavior repeats.

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Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
-Polonius
Docj
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Kwl88 - Yes, he can win.

Brown would probably be a center-of-mass Republican on fiscal issues and a moderate to conservative on social issues. He's pro-choice, but favors the "conscience objection" on abortion for healthcare providers and is opposed to legalizing homosexual marriage. Mixed bag, but far, far, far to the right of Coakley, who has demonstrated how unused to actual competitive campaign are MA Democrats.

Micronin - not at all sure about your comments regarding Western MA, which is among the most reliably Democrat areas in the Commonwealth (they even went for O'Brien over Romney in 2002 by wide margins). Middlesex county, which is Coakley's home area, will get hit pretty hard with snow as well. Brown needs the suburbs between 128 and 495 to go huge for him, and if they do it's a 6-7 point win.

BTW - how's things on the North Shore? I would imagine that's Coakley country but I'm hearing it's not going that way this time.

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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams

Reason: Added question for Micro at the end - and fixed the spelling
Joe
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Boston, MA
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Strategic Middlesex county vote against Coakley locked and loaded.
Mezzmor
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Just one small example of why health care is broken here in the US.

My employer, who employs over 1000 workers, has the standard HMO plans from United Healthcare.

In this example, my wife, who has problems with her ankles, goes to an orthopedic doctor. This doctor prescribes braces for her ankles, puts them on her at the office, then sends her on her way.

Then we get billed from the doctors office because the health insurance doesn't cover the cost of the braces (400 dollars each from the doctor, even though we could buy them online for 89.00 each) and the health insurance doesn't cover the bill from the doctor for putting them on.

So here are the problems:

1) Doctor does not provide any information whatsoever regarding cost to the patient prior to prescribing a device or treatment.
2) Doctor goes ahead and applies a treatment without any cost disclosure whatsoever.
3) I can't shop for the braces in a competitive marketplace before accepting treatment.
4) Doctor overbills everything else to compensate for what they are not paid for the actual visit by the insurance company, which I believe uses the standard medicare schedules for billing.

Why can't we fix this? This is what is killing me...I budget for medical insurance (500/mo) and have a deductible every year other than physicals / visits to pediatrician or family doctor. The amount that insurer pays is less and less every year, and the cost for my insurance goes up 20% a year. Then the doctors turn around and screw us in other ways, some noticeable like the above, some not.

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Once the "Progressive" and the "educated" have completely destroyed the country, the logical, the wise, and the experienced will rebuild it.
Swooch
Posts: 243
Incept: 2008-02-02

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Why would MA. voters give two hoots about health insurance. MA has their own insurance program and it must be pretty good because I haven't heard any complaining.

Anyone from MA. care to expound on your state's health care program and how you like it?
Stoverny
Posts: 391
Incept: 2009-02-25


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As a liberal democrat who wanted REAL health care reform, I agree this bill needs to be defeated.

Why are they so intent on passing it? Conservatives hate the bill. Liberals hate the bill. Scrap it and start over! They are more worried about being able to claim "victory" prior to the mid-term elections, than they are about actually reforming a broken system.
Zeddicus
Posts: 71
Incept: 2009-07-06

Galt's Gulch
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I'm a life-long MA resident but I can't comment on the state's program because I've always had private employer-based coverage like everyone else. That may change though since I'm currently unemployed and not having any luck finding work, so once my COBRA runs out I may get to find out what the state plan is like.

Anyway, yes, Scott CAN win here, possibly in a landslide, judging by the public sentiment I see.

And yes, Martha is a idiot of truly epic proportions. Who in their right mind expresses the sentiment that Catholics should not work in Emergency Rooms, IN BOSTON?!?! My God, how can ANYONE possibly be this clueless?

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