Tag Archives: political parties

Health Insurance and Regulation

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Faith-based organizations that share the costs of health care among their members are a tiny part of the health care coverage industry. They’re also not regulated by government.

[Faith-based] ministry officials say they aren’t offering insurance, don’t guarantee claims will be paid, and don’t need to be regulated.

Naturally, regulators object.

But now, some insurance commissioners are concerned that the ministries could put consumers at risk if bills aren’t paid.

This is the consumer’s choice to risk, though, not government’s authority to command not to. At least in a free society.

And more tellingly:

State regulators also say health ministries disrupt the insurance market because they tend to attract healthier consumers, siphoning them from commercial plans that can be left with sicker or older customers.

What these government regulators carefully omit to mention, though, is that the only “market” liable to disruption is their precious regulated “market.” In a free market economy, such competition is healthy, if disruptive, leading as it does to improving products and lowering costs.

Unfortunately, the number of faith-based health cost sharing entities that are exempt from Obamacare is carefully and deliberately circumscribed by Obamacare. That needs to change.

The Bernie Sanders Economy

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Lots of folks say Bernie Sanders, Democratic Presidential candidate and Socialist Senator from Vermont, wants the American economy to look like social democrat Europe.

Wrong. Look closer to home for the logical outcome of Sanders’ economic policies. Here’s Puerto Rico‘s “economy:”

Government debt has increased by two thirds since 2006…and exceeds 100% of gross national product. … The sales tax increased to 11.5% this year from 7% and next year will turn into a value-added tax. Since 2013 the tax on petroleum—the island’s primary fuel for generating electricity—has quintupled to $15.50 per barrel.

And

Employment laws, such as mandatory 15 days of paid vacation, and stringent job protections provide disincentives to hire. Generous welfare, housing, food stamp and health benefits discourage work. Nearly half of island residents are on Medicaid. A household can rake in 50% more in government assistance than the take-home monthly minimum wage.

The island’s 12.5% unemployment rate is misleading, coming as it does against a labor force participation rate of 40% [sic].

There’s more—lots more—but this is where President Bernie Sanders will take us, and it’s far enough.

Government’s Gotta Regulate What A Man’s Gotta Do

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It is taking home buyers longer to get a mortgage, which some in the real-estate industry say is the result of new federal rules meant to make mortgage terms easier to understand.

It wasn’t broke, and mortgages were moving as much apace as this Obama Recovery permitted, but it also wasn’t regulated. Government abhors a control vacuum.

Mortgages took an average of 49 days to close in November…the longest closing time since February 2013….

That’s only a three day increase over October, but it’s an entirely unnecessary and a completely government caused delay.

The rules…require lenders to give borrowers final terms of a loan at least three business days before closing to ensure they have time to understand the agreement.

Never mind that consumers already can walk away from any purchase contract, including mortgage contracts, within three days after signing—the “cooling off” period.

Advocates for the changes say they are a common-sense response to the housing crisis, during which it became apparent that many borrowers didn’t understand the ramifications of terms such as teaser rates or growing principal balances.

Of course a Liberal will say it’s common sense to regulate. It couldn’t possibly be common sense to educate instead.

The outcome of this demand to regulate anything and everything is more than just a delay in closing. Sales of existing homes have fallen sharply, 10.5% in November, the first month these wonderful new regulations have been in place, compared to October.

The Coercive Power of the State

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This is the Progressive Democratic Party of Hillary Clinton and Barack Obama, as articulated by California Governor Jerry Brown (D). At the just concluded Paris “Climate” Summit.

Tom, you used the phrase “policy.” Good policy. But I want to unpack that term a little bit. Inside the policy, you need a law. You need a rule. You need the coercive power of government to say, “Do this.” Now, you have to be wise and don’t say something stupid or order something stupid but the fact is, the regulations supported by the laws drive innovation.

And

You do have to have, at the end of the day, a regulation, a law. Progress comes from well-designed regulatory objectives that business then follows.

You can be sure California is going to keep innovating, keep regulating. And, shall I say, keep taxing.

All for the very best of causes. This complements the Left’s drive to take our weapons.  All for the very best of causes.  All for political power.  And, we mustn’t neglect Mao Tse-tung’s position:

Political power grows out of the barrel of a gun.