Trump Lies And Buttrapes Americans On Health Care
The Market Ticker - Commentary on The Capital Markets
2017-10-12 11:44 by Karl Denninger
in Health Reform , 803 references Ignore this thread
Trump Lies And Buttrapes Americans On Health Care
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**** you Mr. President and your "Executive Order."

Double-**** you Rand Paul.

There is no "reform" in your Executive Order; selling insurance across state lines and allowing "skinny" plans does nothing to address cost.

You could, via Executive Order, direct the FTC to go after medical providers of all stripes for refusing to publish prices, declaring such an action to be a deceptive practice and thus in violation of Federal Law and Regulation.  Every single business we deal with daily, with the exception of health care, posts prices and thus allows us to shop before we buy.  It is only health care that lacks this essential element of a market and in any other line of work such would have long-ago led to enforcement actions and even indictments.

You could, via Executive Order, direct Jeff Sessions to enforce 15 USC Chapter 1 against all medical firms as regard disparate pricing based on one's insurance status, a clearly-extortionate and illegal act under 100+ year old law which forbids any collusive act intended to limit competition and/or fix prices.  Said law has been challenged twice by the insurance industry all the way up to the United States Supreme Court with the first such challenge in 1979 (Group Life & Health .v. Royal Drug, 440 US 205) claiming an exemption for health insurance providers under McCarran-Ferguson.  THEY LOST.  I have repeatedly heard from myriad "lawmakers" that health insurance and medical providers are exempt from anti-trust; this is a bald lie given that there are two cases which went to the United States Supreme Court and were lost after attempting to assert exactly this claim.  What's even more outrageous is that after the second loss the State of California wrote a section into their BPR code (similar to the federal CFRs) that explicitly exempts health providers from the effects of that US Supreme Court decision yet it is a fact that no state regulator or legislature can exempt someone from a federal law.  That such a claim continues to be made by lawmakers, including Matt Gaetz just recently here in a Town Hall meeting in Florida, is an outrage and a deliberate fraud upon the public in which you are not only complicit you are the chief fraud enabler and promoter.

You, Mr. President, had not one but two items in your platform when running for President that addressed these issues, with one of them requiring the publication of prices.  As soon as you were elected that provision disappeared and has never been seen or heard since.

You're a damned liar Mr. President, and watching you at the dias this morning I want to ****ing puke at the crap you are running on the American people with the full support of Rand Paul, who likewise wants to screw Americans by extending anti-trust protection to all medical providers.  He has in fact repeatedly tried to pass such a provision which would make legal that which currently is not, and which has been ruled illegal twice at the US Supreme Court but which your Administration, just like the previous ones, refuse to enforce.

The actions of this industry are illegal and between them medical firms steal over $3 trillion a year from Americans, enough for each and every American family to afford the payment on a middle-class house.

**** you Mr. President, **** you Rand Paul, and **** you Congress.  

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User Info Trump Lies And Buttrapes Americans On Health Care in forum [Market-Ticker]
Themortgagedude
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saint louis
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So - You're not impressed. smiley

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I think its time we ask ourselves if we still know the freedoms that our founding fathers intended for us. Ronald Reagan 1964
Jack_crabb
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Peoples' Republik of Maryland
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Sad. Very sad.

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Molon Labe
Where is Henry Bowman when you need him?
How many are willing to pledge this? We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor
Spazzoidal
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I agree that price transparency is key. I just wonder what or who he is afraid of. Lobbyists? or is there an impact economically that he is unwilling to instigate?
Tickerguy
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A True American Patriot!
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Both.

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Winding it down.
Quik49
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why should he, hell the American people think it's all about insurance and not the cost of the **** that is being insured.... what a joke

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Long Vaseline....

Themortgagedude
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saint louis
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Honestly if he let them bitch about this action and then came out with what you recommend this would look like the greatest Chess game ever played by a President. Sadly the chances of him doing anything are nil.

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I think its time we ask ourselves if we still know the freedoms that our founding fathers intended for us. Ronald Reagan 1964
Drifter
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Pacific Northwest
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The 'bezzle continues apace. Insurance companies have become a white collar jobs program that we are forced to subsidize.
Oldno7
Posts: 2628
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RECALL STATE USA
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I get these emails from Trump/GOP and I answer their poll questions and there is always a comment box and every time I address his (Trump) failure to properly address the health care crisis that will bankrupt this country. I take a pill for stress related problems and have always been paying about a $3 copay for a months supply except they claim the cost has gone up from their supplier so the last two months the copay has been $12. Yea it is too bad I can't look up the price for all suppliers for this RX. This monopoly must be broken under the rule of law which already exists.

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IT'S THE SPENDING STUPID The US must become less a government of men, and more a government of LAW.When people lose everything and have nothing left to lose they lose it -Gerald Celente
Aztrader
Posts: 7834
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Scottsdale, AZ
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When you are that rich, the price doesn't matter. These people are living in a glass house with fogged windows
Whitehat
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New York City
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@Spazzoidal @Tickerguy

Why would he be afraid of lobbyists? He obviously has more than enough money for himself and his descendants. Was this not a major point when he was selling his candidacy? Even if the economy has to take a **** to resolve this issue the way that we describe here, what does he have to be concerned about personally?

I am just trying to figure out why this is such a sacred cow to a man in his position who has **** you money.

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There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
Tickerguy
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Because fixing this will cause an instant recession deeper than any since the 1930s and he will get blamed for it.

It'll be over in 12-18 months, but he doesn't care about that. All he cares about is what the optics.

The problem with NOT FIXING IT is that he's going to get the market crash ANYWAY if he doesn't, it'll almost-certainly be BEFORE his first term expires and then he'll truly be ****ed as he won't have anything he do to address or blunt the impact of it.

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Winding it down.
Nadavegan
Posts: 47
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The South
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Absolutely right. PDT is teflon as long as the bubble continues to inflate.....
Unknowable
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"Because fixing this will cause an instant recession deeper than any since the 1930s and he will get blamed for it."

The debt bubble spent 36 years teaching people to plow their lives into everything Uncle Sammy put on the National Mastercard. Now there's who-knows-how-many million people who work in industries (like everything medical or higher ed) where the jobs simply don't exist without exponentially rising debt.

The damage of the credit bubble wasn't limited to ramping asset prices to the ionosphere; it caused such misallocation of resources (including people getting expensive degrees, etc.) that unwinding it is impossible. It will be like fixing the rent hull of a ship by removing it at sea.

I sincerely believe you're underestimating the Cat-20 hurricane that will sit on North America for half a generation when (when) this collective insanity can no longer be sustained. We've long since left the point where cataclysm can be avoided. I figure 80% of the jobs in everything medical simply shouldn't exist. And they won't.

The key (IMHO) is who gets blamed, because you know darn well that no one will look in the mirror and ask that person WTF they were thinking....
Whitehat
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Yes, he probably thinks that way and knows that the recession will probably come during his presidency. Hopefully he is not such a maniac that he does something excessive such as war to attenuate the financial issues. It has been the technique of his opposition to play him as reckless and egomaniacal. Hopefully he is more sane than they give him credit.

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There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
Unknowable
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I'm a fan of Prechter's Socionomic Hypothesis. Part of its message is that whoever is "in charge" when the Poseidon Adventure happens is the one who is blamed (see Hoover Admin.) Reality really doesn't matter either way. Trump may know this and be trying to be the exception to the rule. (shrug.)

Worst case scenario to me: The spasmodic reflex will be to jump Extreme Left. Given the collectively insane portents, plus the perfect record of government intervention (see Robert Higgs on FDR's Admin) making things far worse, I see no chance whatsoever that stupid human tricks will avoid turning this conflagration into something much larger.

We sure know that the Pundit, Press and Lobbyist Classes will cheer for today's already-record insanity to be raised by a very large exponent. Transgender surgeries for every family's five-year-old because no child must be left unmaimed.
Uwe
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KD wrote..
Because fixing this will cause an instant recession deeper than any since the 1930s and he will get blamed for it.

Right.

But that doesn't just apply to Trump or the "health care". It applies to whomever is in the Oval office, as well as to Congress as a whole, and to deficit spending and credit expansion in general.

So I expect them to keep the music playing for as long as they possibly can. It's gonna suck badly when it stops and people realize there are no chairs left in the room at all.

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"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do." -- Robert Heinlein
Clock
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Medical Doctors and all of the medical business community should be required to post their prices, for their services.

A few weeks ago I went to a doctor with some kind of rash on my face. He checked my pulse and looked at my face. Wrote me an RX for a skin cream. Total time with him in office....less than 20min.

Got that doctors bill in the mail about 3 weeks later for $415.00.... Four hundred-fifteen dollars for less than 20 min. of his time. I couldn't believe it.

Rand Paul; I get that, he's a doctor and so is his father, so he is looking out for himself.

Trump, I don't get, he is President and he should be trying to make things right for the American people. He's a 71 year old billionaire and most likely won't live more than 10 or 15 more years. Trump must know, that many of the doctor/medical bills presented to people are outrageous.

My guess; Trump is afraid of the doctors, the medical industry, and the insurance companies.

I voted for Trump; but this is getting ridiculous.



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~ Would anybody else like to see what Hillary's 'Get out of Jail' ticket looks like? ~

Orionrising
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hmm from leaks and a house statement it appears they are ending illegal subsidies directly to the insurance companies.... that should bankrupt a few, but not exactly a solution to anything.
Goforbroke
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Drain the Swamp!
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The subsidies are key to the sheeple sitting on their asses about this. Once they have to pay full fare, perhaps that's when the fireworks start.

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Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our Light, and not our Darkness, that most frightens us. -- Marianne Williamson
Danny
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Mr. Market Ticker -

The "TIDAL FORCES OF NATURE" (Arthur Jensen - Network) are at work here.

And YOU are attempting to MEDDLE with them.

And YOU WILL ATONE !

Am I getting thru to you Mr. Beale, (I mean Mr. Denninger) ?
Tickerguy
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smiley

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Winding it down.
Aztrader
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Scottsdale, AZ
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Interesting to see the insurance company extortion payments get cut. Should be fun to see this unwind................
Tickerguy
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Realize one thing: Those are the cost sharing reduction payments -- not the APT (tax credit payment that reduces premiums.)

The payment in question was never legal as Congress never appropriated it. It was written into Obamacare to reduce out-of-pocket coinsurance and copays on "Silver" plans, but never funded -- intentionally so. Obama cut the checks anyway, which amounted to stealing from the Treasury, an act that would get you or I prosecuted.

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Winding it down.
Max_planck
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Southern Arizona
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Hmm. Likely congress will do something, it is reported that there are almost 7 million of us with ACA plans that are benefiting. As mentioned elsewhere Mrs Planck and I have Silver plan annual deductibles of $5 individual and $10 family due to these CSRs.

Next year, it will only be Mrs Planck as I have started Medicare. I found a Medicare Advantage plan that credits back $50 per month of the $134 Medicare premium. You get more free preventive stuff than plain Medicare if you go to one of their "Caremore Care Centers", other than that the deductibles and copays aren't anything special.

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