Obamacare lowering your income financial management

I predict a cottage industry – Michelle Malkin | Financial advice in the Obamacare era: Better start thinking about ways to decrease your income «.

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Kicking the can down the road continues…

PARTY ON – Congress Clears Government Spending, Debt Hike.

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The shoe is on the other foot now…

Debt limit history

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Obamacare Might Well Be Imploding

Obamacare Might Well Be Imploding – Shikha Dalmia – Reason.com.

Shikha, with some justification, treats Obamacare and healthcare.gov as one and the same. Here argument is basically:

  • Healthcare.gov is broken and can’t be fixed in a timely fashion (I’m beginning to become a believer that this is the case)
  • A potential solution is to  run current individual insurance and Obamacare plans in parallel. (Alan Colmes is suggesting this strategy as well.)
  • Due to adverse selection, that is only sick people will sign up for Obamacare plans, the insurance companies will pull out as their plans are not priced correctly for such a situation

I believe there are solutions to running the plans in parallel but it would require the government to provide financial assistance to the insurance companies for the higher claims and less premiums from healthly members. In the current political environment, I consider that highly unlikely.

Shikha concludes…

So long as President Obama is in the Oval Office, Republicans can’t repeal the law outright, it is true. But its implosion will put them in a far stronger position to hold it up pending an overhaul. It could be their great opportunity to convert it into a free market system, as I have noted previously. (Richard Epstein has laid out his own three-part overhaul plan.)

It is never a good idea for a president to drag a country into war without broad-based support. That’s because he needs political cover to stick it through when things inevitably go wrong.

What’s true of war is even truer of a radical overhaul of one-sixth of the domestic economy. President Obama ignored that and pushed Obamacare without doing the hard work of putting together something that the other party could support. Now he can hope for no cooperation, only full-bore obstructionism.

Obamacare’s problems ultimately are not technical but political—and they might be just beginning.

As a politically incorrect Boulderite, I hope she’s right.

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It turns out there is at least one diehard who still thinks Ted Cruz was right.

Best of the Web Today: As Good as It Gets? – WSJ.com.

Bill Keller from the NYT…

Unless you’ve been bamboozled by the frantic fictions of the right wing, you know that the Affordable Care Act, familiarly known as Obamacare, has begun to accomplish its first goal: enrolling millions of uninsured Americans, many of whom have been living one medical emergency away from the poorhouse. You realize those computer failures that have hampered sign-ups in the early days–to the smug delight of the critics–confirm that there is enormous popular demand. You have probably figured out that the real mission of the Republican extortionists and their big-money backers was to scuttle the law before most Americans recognized it as a godsend and rendered it politically untouchable.

To translate, Bill Keller believes Obamacare is going to work, which of course was Ted Cruz’s fear and why he wants to stop it.

For the rest of the story, click here.

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‘Coolest’ Job Perk: Anybody in the World Will Answer My Call « CBS DC

Grow up – Obama on ‘Coolest’ Job Perk: Anybody in the World Will Answer My Call « CBS DC.

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Daily Kos Obamacare whining

It’s hard not to get a chuckle out of this – Premium increases | Obamacare | Daily Kos | Markos Moulitsas#more#more.

The problem…

My wife and I just got our updates from Kaiser telling us what our 2014 rates will be. Her monthly has been $168 this year, mine $150. We have a high deductible. We are generally healthy people who don’t go to the doctor often. I barely ever go. The insurance is in case of a major catastrophe.

Well, now, because of Obamacare, my wife’s rate is gong to $302 per month and mine is jumping to $284.

I am canceling insurance for us and I am not paying any fucking penalty. What the hell kind of reform is this?

Oh, ok, if we qualify, we can get some government assistance. Great. So now I have to jump through another hoop to just chisel some of this off. And we don’t qualify, anyway, so what’s the point?

WHINER. Perhaps you should visit a news site that’s not MSM or Progressive and you wouldn’t be surprised. Not surprised at all.

And if you don’t qualify for a subsidy, there is NO point. Do NOT use healthcare.gov if you don’t qualify for a subsidy.

Legal Insurrection brings the hammer down on the Kos kids…

While I sympathize with the Kos Diarist’s plight, he has no one to blame other than Democrats and some people in the progressive movement who put politics ahead of good policy and sold out for the sake of the Democratic Party and Obama.

While the Kos Diarist wasn’t expecting the price hike, Markos was. And Markos along with other “progressives” helped Democrats shove what Markos previously called an “unconscionable” mandate down everyone’s throat.

So if the Kos Diarist is upset, let me make a suggestion.

Send your inflated health care premium bill to Daily Kos.

Idealistic idiots.

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“If this is true, it simply will not work in time. No way, no how.”

I stated a few posts ago regarding this paragraph discussing the healthcare.gov website…

– One person familiar with the project says it’s only about 70 percent of the way there, and has heard estimates of somewhere between two weeks to two months to fix it. As a programmer I know points out, “two weeks to two months” is the programming equivalent of “40 days and 40 nights”: “A long time, but I have no way of knowing how long.” When I used to hear estimates like that, I used to assume it would be coming in on the late end of that range, earliest.

Well, it turns out I AM not alone with this line of thinking. Lane Core Jr. commenting on the Facebook “Best of the Web” page states…

As an old IT guy myself (I was a coder for 20 years), this paragraph jumped out at me:

“One person familiar with the system’s development said that the project was now roughly 70 percent of the way toward operating properly, but that predictions varied on when the remaining 30 percent would be done. ‘I’ve heard as little as two weeks or as much as a couple of months,’ that person said. Others warned that the fixes themselves were creating new problems, and said that the full extent of the problems might not be known because so many consumers had been stymied at the first step in the application process.

Here is my interpretation: 70 percent is a number somebody pulled out of his butt. There is no realistic way to quantify percentage complete in a situation like this: multiple projects …spread across multiple contractors, especially when the systems are already in production and horrifically buggy. It is difficult to do such estimates with an in-house project. Frederick Brooks, in his book “The Mythical Man-Month”, observed that coding is 90% finished for half of the total coding time: anybody relying on such like estimates to

An estimate of anywhere from 2 weeks to 2 months means they actually have no idea how long it will take. Because they have no idea how much needs to be done and how much needs to be fixed.

And fixes do tend to introduce more problems. Brooks estimated that fixing a defect has a 20-50 percent chance of introducing another defect.

That’s my $0.02.

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WH: Sebelius Has Obama’s ‘Full Confidence’

LOL – WH: Sebelius Has Obama’s ‘Full Confidence’.

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Obamacare Needs a Drop-Dead Date

70% complete? Haven’t these guys heard about the last 10%? Obamacare Needs a Drop-Dead Date – Megan McArdle – Bloomberg.

— One person familiar with the project says it’s only about 70 percent of the way there, and has heard estimates of somewhere between two weeks to two months to fix it. As a programmer I know points out, “two weeks to two months” is the programming equivalent of “40 days and 40 nights”: “A long time, but I have no way of knowing how long.” When I used to hear estimates like that, I used to assume it would be coming in on the late end of that range, earliest.

If this is true, it simply will not work in time. No way, no how.

Megan presents damning evidence of systemic failure and misleading the public, key figures in HHS and politicians. She goes on to conclude…

In the private sector, this system would already have been rolled back, probably less than 48 hours after it was rolled out. The government has more time, but not that much more, because every day they wait adds to the chaos that will occur if they have to pull the plug in December. If the system cannot reliably process 50 percent of its users on Nov. 1 — and I mean from end to end, including sending a valid enrollment file to the insurer — then the administration should ask for a one-year delay of Obamacare’s various regulations, including the individual mandate. Congress, including Republicans, should be ready to give it to them, with no strings attached.

Perhaps Nov. 1 seems too aggressive to you. I chose that date because it’s when Jon Kingsdale, who ran the Massachusetts exchange for its first five years, said we would be “really in deep doo-doo.” Well, let’s say Nov. 15 — the date when almost all the experts I’ve heard say we really need to be running at full speed, to handle the crush of applications sure to come between Thanksgiving and the mid-December deadline for buying insurance that starts in January.

Whatever it is, that date needs to be set now. Otherwise the political temptation will be — as it clearly has been all along — to declare that everything’s fine and we should keep going just in case it all works out in the end. The administration’s desire to avoid a giant political embarrassment is entirely understandable. But the rest of us have an even deeper and more important interest in a functioning market for health insurance.

Getting back to the last 10%. That’s what makes a project a success and it takes 50% of the time. Heck, according to Wikipedia (above link), it’s worse than that….

“The first 90 percent of the code accounts for the first 90 percent of the development time. The remaining 10 percent of the code accounts for the other 90 percent of the development time.”

—Tom Cargill, Bell Labs

So lets take a look at the anatomy of healthcare.gov, the Federal Obamacare exchange…

Obamacare anatomy flowchart

So far we know it gets a failing grade regarding the web interface to the public. It is also widely documented that for the few who have signed up, the information delivered to the health insurance companies is only partially complete at best. What about all the other functions shown in the graph above? Are they working at 70%, 90% or 100%?

If they aren’t above 90%, there’s no way in hell the exchange will be functional by either  November 1st or November 15th.

h/t to Scott Johnson at Powerline who also has a good analysis of Megan’s article.

From the comments section…

Megan, great article.  Every American should read it.

I managed three major multi million dollar government software development programs – one in the government and two as a contractor.   If the government delayed issuing their requirements until 7 months before required launch, it’s already dead.

You can’t throw money  at it and hire more programmers because increasing the number of programmers increases the necessary communications between them. (Too many cooks.)  When the coding is done, you should have half your budget and half your schedule still remaining.  There are unknown unknowns lurking inside the code.

Next October is probably an optimistic get well date.

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“It’s all been on the fly,”

Obamacare insurance market deeply flawed: Aetna CEO. (video at link)

“It’s all been on the fly,” Bertolini said of the construction of the marketplace and the integration of insurers such as Aetna, whose plans are being offered to up 40 million customers.

“We didn’t get code drops until the last month before the system went live,” he said.

How to run a successful IT project.

Amateur hour.

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How healthcare.gov was botched

How federal cronies built — and botchedHealthcare.gov | E government – InfoWorld.

Here’s all you need to know…

The biggest problem with Healthcare.gov seems simple enough: It was built by people who are apparently far more familiar with government cronyism than they are with IT.

And if you need to know more, try this on for size…

“All but one of of the 47 contractors who won contracts to carry out work on the Affordable Care Act worked for the government prior to its passage,” the report reads. Some of the names ought to be familiar: Northrop Grumman, General Dynamics, Deloitte, and Booz Allen Hamilton, all of whom assumed different roles and worked on different aspects of the project.

As familiar as those names might be, especially to those who follow Beltway lobbying practices, few of them would be as commonly associated with large-scale IT projects as, say, Google, Amazon.com, or Dell would be — especially when it came to building the public-facing components of the system.

You can’t make this stuff up.

The problem is the government knows everything and the last place they wanted to go for help with healthcare.gov was the actual industry that was involved with selling individual health policies. One, because the old policies were inferior contaminated product and two, they wanted to reinvent how the product was sold. Well, they sure reinvented how they are being sold, I’ll give them that.

The idiots first stop should have been ehealthinsurance.com. Goodness gracious alive, they know the industry,  have built a website that interfaces with the public and has high volumes of traffic.

All the government needs is more time and more money and the world will be perfect. Pony up your $$’s Boulderites.

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Obamacare: Dave Ramsey does the math

Math still matters – Dave Ramsey Destroys Obamacare » Eagle Rising#sue9A3ydMDsIeDYs.01.

Apparently Dave Ramsey hasn’t heard about Common Core math.

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Baghdad Bobs of Obamacare

Great visual metaphor – Baghdad Bobs of Obamacare | Power Line.

Characterizing Sebelius as the Baghdad Bob of Obamacare is unfair. She is only one among many, including President Obama and Obama flack Jay Carney. They repeatedly assure us, for example, that Obamacare is doing no damage to employment, though the evidence to the contrary is deep and persistent. It’s another “who ya gonna believe” situation.

Nothing to see here, move along.

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No I don’t want that raise!

It costs too much money. Lower 2014 income can net huge health care subsidy – SFGate.

Bottom line, their new Kaiser policy will more than double their annual health insurance premiums from $7200 to over $15,000 per year.

However, by reducing their annual income by $2000 from $64,000 to $62,000 year year they become eligible for a $1200 per month subsidy, which translates into $14,400 per year.

So by switching to an Obamcare plan that costs twice as much, lowering their income by $2000 per year the Proctor’s pay $508/mo less for coverage than with the plan they currently have!

Talk about perverse incentives. Oh hey…. who the heck is paying for that?

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The Great EBT Crash Of ’13 And The Culture Of Ingratitude

The Great EBT Crash Of ’13 And The Culture Of Ingratitude | The Natural Truth.

But what jumped out at me druing the Great EBT Shutdown Crisis of 2013 wasn’t the sense of dependency, but rather the expectation of entitlement.

Video at link is a must watch.

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A word to the moochers turned looters

as Instapundit refers to the Louisiania Walmart debacle. Follow the link for the comments.

Things that can’t go on forever, won’t. Debt that can’t be repaid, won’t be. Promises that can’t be kept, won’t be. – Glenn Harlan Reynolds/Instapundit

I guess your Walmart theft could go on for about 2 hours!

Oh and this is a great warning for the rest of us in regards to both entitlement and debtor nation. Good luck with that.

Obviously a big h/t to Instapundit.

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Government cheese gone wild part 2

Louisiania Walmart EBT debacle makes Drudge….

Government Cheese: Entitlement Nation

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Entitlement nation: Government cheese gone wild

Government cheese, entitlement tationWalmart shelves in Springhill, Mansfield, cleared in EBT glitch – KSLA News 12 Shreveport, Louisiana. (video report at link)

Entitlement nation and the dangers of government cheese…

Shelves in Walmart stores in Springhill and Mansfield, LA were reportedly cleared Saturday night, when the stores allowed purchases on EBT cards even though they were not showing limits.

The chaos that followed ultimately required intervention from local police, and left behind numerous carts filled to overflowing, apparently abandoned when the glitch-spurred shopping frenzy ended.

Springhill Police Chief Will Lynd confirms they were called in to help the employees at Walmart because there were so many people clearing off the shelves. He says Walmart was so packed, “It was worse than any black Friday” that he’s ever seen.

The poison of government cheese on display. Liberals and Progressives turn their back on these displays of entitlement.

I’ve seen this on a very small scale in a very safe environment at a local restaurant where on specific occassions they have “free food” for “members”. I participated once and people taking more food than they should with no thought for the people waiting behind them was troubling. I’ve never participated in the “free food” giveaway since that time. I’ve decided I’d rather pay for my food, support the wait staff and not deal with people with such a selfish mentality.

OK, let’s let’s get back to the EBT mentality with this video: Welfare Card Cheats

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Continue the Fight on Obamacare

Continue the Fight on Obamacare.

Do words mean things? Apparently the meaning of bully can still be agreed upon…

Government bureaucrats aren’t good at much, but they are efficient at making words lose their meaning. For example, the affordable part of the Affordable Care Act, also known as Obamacare, really means forcing healthy millennials to buy insurance they cannot afford. We have also learned that a government shutdown actually means 87 percent of the government remains open, with about 80 percent of all federal employees working while the rest are scheduled to receive back pay from taxpayers.

Further, President Obama – known for world-class linguistic gymnastics – held a press conference this week to announce that he will compromise but not negotiate with congressional Republicans. Even the most astute political observers couldn’t honestly explain what that means.

Which brings us to a Thomas Jefferson’s famous quote, or at least it should be famous and it’s so very timely today…

“A government big enough to give you everything you want, is a government big enough to take away everything that you have.”

Which brings us to Obamacare….

Now with the launch of the Obamacare exchanges, we’re also getting a taste of what government-run healthcare looks like. With a three-year notice, the government couldn’t build a website capable of managing even a light load of account registrants. Obamacare websites are dysfunctional, premiums offered are outrageous, and the media is having a difficult time locating anyone who actually completed the application process.

Unfortunately, the government will adapt. The law is already working as designed, creating just enough of a mess to push us down the road toward a single-payer system. At every step of the way, low-level government employees will have access to the most intimate details of your medical records – and there is no doubt that the government will not hesitate to use this newfound authority to bully you to get what it wants.

Conservatives must not give in to the government bully. We must continue to fight Obamacare at every turn.

Indeed.

Also, I don’t agree that at every step low level government employees will have access to your medical records. Financial records, well that’s another matter.

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