Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Medicare

ObamaCare Replacement Plan Introduced in Congress

This article appeared online at TheNewAmerican.com on Thursday, February 16, 2017: 

Official portrait of United States Senator (R-KY).

Senator Rand Paul

Senator Rand Paul (R-Ky.) and Representative Mark Sanford (R-S.C.) introduced their ObamaCare Replacement Act (ORA) on Wednesday. It would simultaneously repeal nearly all of ObamaCare’s most onerous demands and mandates while opening up the health-insurance market to individuals to purchase, or not to purchase, coverage. The bill, S.222, might more appropriately be named the “Health Insurance Freedom to Purchase Act,” putting the decision to buy, or not to buy, coverage back in the hands of individual citizens and taking it out of the hands of the federal government.

Senator Paul said,

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Bill to Repeal Obamacare Represents Major Paradigm Shift

This article was published by The McAlvany Intelligence Advisor on Friday, February 17, 2017:

English: A Portrait of Thomas Jefferson as Sec...

Thomas Jefferson

Thomas Jefferson said many things on which classical liberals and libertarians agree. The one most apropos to Obamacare is this: “The natural progress of things is for liberty to yield and government to gain ground.”

Anything that requires government force (or threat of) to gain compliance is, on its face, immoral. But Obamacare did something else: it was a deliberate forced attempt to shift personal responsibility for one’s health care from a citizen to his government. Jefferson had this to say about that:

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Trump’s Regulatory Executive Order: One In, Two Out

This article appeared online at TheNewAmerican.com on Monday, January 30, 2017:

Official Portrait of President Ronald Reagan

White House officials described President Donald Trump’s Executive Order for “Reducing Government Regulations and Controlling Regulatory Cost” as Trump’s “one in, two out” plan: For every regulation promulgated by a federal agency, that agency must “identify” two existing regulations to be targeted for extinction.

The order also sets a cap of $0 for the cost of new regulations, with the only exceptions being military and national security regulations. The president said when signing the order,

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Trump Pick for Management & Budget Talks Raising Retirement Age

This article appeared online at TheNewAmerican.com on Wednesday, January 25, 2017:

Representative Mick Mulvaney (R-S.C., shown), President Donald Trump’s pick to head up the Office of Management and Budget (OMB), touched the famous “third rail” of American politics during his confirmation hearing on Tuesday. Testifying before the Senate Budget Committee, Mulvaney was pressed hard for his views on Social Security by Senator Lindsay Graham (R-S.C.): “Do you think we need to look at adjusting the [retirement] age yet again because we live longer?”

Replied Mulvaney, “I do, yes sir.”

His response was unsettling to Senator Debbie Stabenow (D-Mich.), who declared,

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Boomers Are Retiring, Draining Pension Plans

This article appeared online at TheNewAmerican.com on Monday, December 12, 2016:

Roosevelt Signs The : President Roosevelt sign...

President Roosevelt signs Social Security Act, at approximately 3:30 pm EST on 14 August 1935.

In a moment of surprising candor, Danielle DiMartino Booth, a former advisor to the Federal Reserve, said in a Real Vision TV interview on Saturday that “the Baby Boomers are no longer an actuarial theory. They’re a reality. The checks [from their retirement plans] are being written.”

For years commentators have repeatedly asserted that “when” the Baby Boomers (that generation born between 1946 and 1964) start to retire, they will start using up funds set aside in pension plans, putting those plans into crisis. According to Booth, that day has arrived.

She pointed to the crisis in Dallas that threatens to put the city into bankruptcy, and the report from Calpers (the California Public Employees Retirement System),

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Chuck Schumer Seeks “Common Ground” With Trump

This article appeared online at TheNewAmerican.com on Monday, November 21, 2016:  

Senator Charles Schumer

Senator Charles Schumer

During a press interview at his office on Friday, New York Democratic Senator Charles Schumer said that he had spoken two or three times with President-elect Donald Trump: “He’s called. He’s friendly. The word is that he thinks he can work with me, but we’ll see. The jury’s [still] out.”

Schumer, just reelected for his fourth term as senator, will become the Senate minority leader in the 115th Congress as Harry Reid, the present Senate minority leader, is retiring. The Wall Street Journal characterized the interview as an effort by Schumer to seek “common ground” with Trump. Other members of the press weren’t so charitable.

Schumer was feisty,

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The Tax Foundation’s Big Surprise: Trump’s Tax Plan is Better Than Hillary’s!

This article was published by The McAlvany Intelligence Advisor on Friday, October 21, 2016:  

English: The standard Laffer Curve

The standard Laffer Curve

The Tax Foundation, founded nearly 80 years ago, considers itself non-partisan, guided by what it calls “the principles of sound tax policy, simplicity, transparency, neutrality, stability, no retroactivity, broad [tax] bases and low [tax] rates.” It has steadfastly opposed tax increases of any kind: income, corporate, or excise. Especially annoying are tax “preferences” (i.e., subsidies) for the housing industry and tax credits for certain constituencies (which the Foundation calls “picking winners and losers”).

So it’s no surprise that in its study of Trump’s and Clinton’s so-called “tax plans” the Foundation concluded that Trump’s was vastly superior to Hillary’s:

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Tax Foundation Rates Tax Plans of Trump and Clinton: Trump’s Plan Wins

This article appeared online at TheNewAmerican.com on Thursday, October 20, 2016:

Tax Foundation

Tax Foundation (Photo credit: Wikipedia)

Analysis by the Tax Foundation of all that is currently known about the tax plans proposed by presidential candidates Donald Trump and Hillary Clinton concludes that, if enacted, Clinton’s plan would expand government at the expense of a shrinking economy. On the other hand, Trump’s plan would grow the economy, shrink government’s revenues, raise wages, and expand employment.

But it’s not tax “reform,” claims the study’s author, Kyle Pomerleau,

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Social Security to Announce Tiny Increase in Benefits for Next Year

This article appeared online at TheNewAmerican.com on Tuesday, October 11, 2016:  

Seal of the United States Social Security Admi...

Next Tuesday the Bureau of Labor Statistics (BLS) will announce Social Security’s COLA (Cost of Living Adjustment) for 2017. It is widely anticipated to be between nothing and $3 a month for the average beneficiary.

But Medicare premiums (retirees are often expected to pay a monthly fee for coverage) for seniors receiving Social Security retirement benefits are expected to jump nearly $30 a month. That premium increase would reduce the average retirement benefit by about $25 a month, except that Congress had inserted a “hold harmless” provision into Medicare law. Instead, the premium increase will be funded by Medicare, thereby hastening the day when that part of Social Security runs out of money.

The statistics reflective of the current gradual liquidation of Social Security’s so-called Trust Fund are familiar to most recipients:

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CEO Resigns From Obama’s Entrepreneur Board

This article appeared online at TheNewAmerican.com on Monday, August 8, 2016:  

When Elizabeth Holmes (above), the 32-year-old CEO of medical technology startup Theranos, was named as one of President Obama’s presidential ambassadors for global entrepreneurship (PAGE) last year, she sounded like the winner of a beauty contest, telling her audience how she was going to save the world:

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Violating Rule Number One Costs Careless Silicon Valley Investors Millions

This article was published by The McAlvany Intelligence Advisor on Monday, August 8, 2016:  

Every investor has, or at least should have, rules. A few good ones are: If your barber starts giving you investment advice, find another barber. Tips are for waiters. Never get into something that you can’t get out of. Always set a stop loss. If you miss one opportunity, don’t worry: there’s another one right behind it.  Wherever possible, hedge. And so on.

Above all these is Rule Number One, a rule so hackneyed it’s almost embarrassing to put it down on paper:

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Three Charged in $1 Billion Medicare/Medicaid Fraud Scheme

This article appeared online at TheNewAmerican.com on Monday, July 25, 2016:  

Seal of the United States Department of Justice

Last Friday the Justice Department charged a Miami-area healthcare operator, a hospital administrator, and a physician’s assistant with conspiracy involving submitting fraudulent bills to Medicare and Medicaid exceeding, for the first time, $1 billion.

The three included Philip Esformes, the owner of more than 30 Miami-area nursing and assisted-living facilities, hospital administrator Odette Barcha, and physician assistant Arnald Carmouze. They were charged with money laundering, conspiracy to defraud the U.S. government, and receiving kickbacks, along with other charges.

The conspiracy had been going on for 14 years, and came to a end with the help of the Medicare Fraud Strike Force (MFSF), which began investigating healthcare fraud in March 2007. Since that time, nearly 3,000 defendants,

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How Does the “Honor System” Work When There Is No Honor?

This article was published by The McAlvany Intelligence Advisor on Monday, July 25, 2016:  

English: Photograph of President signing the M...

President Lyndon B. Johnson signing the Medicare Bill

Robbins Geller Rudman & Dowd LLP uses www.whistleblower-lawfirm.com as its URL where it advertises its legal services: Government Procurement Fraud, Pharmaceutical Fraud, Medicare and Medicaid Fraud, Defense Contractor Fraud, Education Fraud, Banking and Mortgage Fraud, Securities Fraud, and Tax Fraud.

Business is booming, especially with Medicare and Medicaid fraud growing, it seems, almost by the day. The firm explains why:

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Latest CBO Report “Grim”; Offers No Solutions to National Debt

This article appeared online at TheNewAmerican.com on Friday, July 15, 2016:  

Ida May Fuller, the first recipient

Ida May Fuller, holding the first check from the Social Security Administration

On Tuesday, the Congressional Budget Office (CBO) published its annual report on the country’s long-term budgetary and financial outlook. One need only to see the chart on Page One of the report to see why CBO’s Justin Bogle said the outlook was “grim”: It shows government spending growing so much more quickly than anticipated revenues that annual deficits will likely triple in the next 30 years, if not sooner. Bogle called this scenario unsustainable.

For the first time, the CBO built into its assumptions the projected impact of ObamaCare, the country’s declining birth rate, the explosion of Baby Boomers demanding benefits from Social Security and Medicare over that period, plus Boomers’ increasing life expectancies and the increasing costs of providing them healthcare along the way.

It also assumed that government debt will

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About That New, Dreadfully Misnamed Puerto Rico Bailout law

This article was published by The McAlvany Intelligence Advisor on Friday, July 1, 2016:  

English: Map of Peuto Rico, with inset showing...

Investors saw the market values of their Puerto Rican bonds soar with news that Congress passed the “Puerto Rico Oversight, Management and Economic Stability Act” (PROMESA). They had a right to be happy: prior to the news their long bonds were trading at about 62 cents on the dollar. Afterwards they jumped to 66 cents. Still a paper loss of a third of their initial investment, but better than anticipated.

What’s anticipated is that the new oversight board, populated with politicians (but none from Puerto Rico), will solve all of the island’s problems,

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Puerto Rico Bailout Deceptively Called “Restructuring”

This article appeared online at TheNewAmerican.com on Friday, May 20, 2016:  

Corcho Beach in Vieques island, Puerto Rico.

Corcho Beach in Vieques island, Puerto Rico.

Hidden behind the tentative agreement announced by House Speaker Paul Ryan on Thursday that would allow Puerto Rico some breathing room over its massive $73-billion national debt are the bailouts that are already in place.

The agreement is based on the bill by Rep. Rob Bishop (R-Utah) that creates another government bureaucracy to oversee the orderly “restructuring” (read: massive haircut for PR’s bondholders). When he presented his bill, Bishop said it would “give Puerto Rico access to a court-enforced debt restructuring in exchange for the imposition of a federal fiscal oversight board.”

Ryan said the agreement would allow the island territory to

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Opposition Gearing Up to Colo. Single-payer Healthcare Proposal

This article appeared online at TheNewAmerican.com on Friday, April 15, 2016: 

Mark Twain is alleged to have said that “a lie can travel halfway around the world before truth can get its boots on.” In Colorado Initiative 20 is already on the ballot in November and opposition to it is just getting its boots on.

If passed, it would be the 69th amendment to Colorado’s state constitution and would collect all the state’s healthcare programs — Medicaid, children’s healthcare, and all the other state and federal healthcare programs — under one roof. It would replace ObamaCare with what supporters are calling ColoradoCare. And it would double the state’s budget in its first year.

The language of the ballot initiative question may be enough to kill it:

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Fourth Republican Debate: Feisty, Hilarious, Little Change in Polls

This article appeared online at TheNewAmerican.com on Wednesday, November 11, 2015:  

A more orderly and respectful atmosphere surrounded the fourth Republican debate on Tuesday night, a sharp contrast to last month’s debate where the moderators became the issue. That didn’t mean there were no fireworks, or disagreements, just that the tone was more serious, as the candidates tried to shore up their positions and their poll numbers as they approached the final debate in December.

The topics included questions on

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Social Security’s Chief Actuary Meets Charles Ponzi

This article was published by the McAlvany Intelligence Advisor on Monday, October 19, 2015:  

English: Mug shot of Charles Ponzi (March 3, 1...

Mug shot of Charles Ponzi

In its apologetic over Social Security, the New York Times saw the most significant problem facing the scheme, according to the program’s chief actuary, Stephen Goss, is “that fewer workers are paying taxes into the program … while more retirees are collecting their checks.”

And thus it has always been: every Ponzi scheme fails when “new” investors cannot be recruited into it in sufficient numbers to pay off the “older” ones. The only reason Social Security has survived for so long – it just turned 80 this year – is because of guns and badges and threats.

Charles Ponzi had no such power. He had to rely on ignorance and greed. His scheme ran for more than a year before the fraud was discovered and he was jailed. His shtick?

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Social Security Defaults Again on Its Promises: No COLA for 2016

This article appeared online at TheNewAmerican.com on Monday, October 19, 2015:  

Social Security Poster: old man

On Thursday the Social Security Administration announced that for the third time in six years there will be no COLA (Cost Of Living Adjustment) to beneficiaries’ checks next year. There was no COLA in 2010 or 2011, thanks to the government index used to determine whether an “adjustment” (increase) was justified, to offset inflation. This year’s culprit was the price of gasoline, which fell 23 percent, wiping out any chance for an increase in the checks going to more than 60 million recipients.

Heroic and often invisible measures have been undertaken in recent years to cover up the program’s insolvency:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.