The Second Bolshevik Revolution is happening in America with scarcely more publicity than the first one in Russia in 1917.
The goals of the Second Revolution are largely the same as the October Revolution of 1917: destroy capitalism, redistribute wealth from the haves to the have-nots, establish a classless society, establish an economy run almost totally by bureaucrats who try to provide free goods and services to everyone.
Now, as then, the Revolution is carried mostly by the young. In the original revolution, almost 75 percent of the revolutionaries were under 30 years of age. 22 percent were under 20, 37 percent were 20 to 24, and 16 percent were 25 to 29. Older people generally had little use for the revolution, then as now.
The original revolution, like the current one, was based on a collection of myths that were useful as long as the working class (have nots) could be persuaded to believe them. The philosophy was that the proletariat or working class would rise up and overthrow the bankers and capitalist class. They would seize popular control of wealth and the means of producing it. The larger goal was to replace private ownership of property (a profit based economy based on competition) with public ownership and communal control of at least the major means of production.
The current revolution likes to caution us that they are not Communists. They would never go that far. However, Karl Marx used the terms socialism and communism interchangeably. In his Critique of the Gotha Programme (1875), he identified two distinct phases which would follow the overthrow of Capitalism:
Phase One would be transitional and fairly moderate. The working class seize control of the government but would continue to be paid based on individual performance--how much, how long, or how well they worked. This might be what we today envision as "socialism" or unfulfilled communism. This seems to be what today's socialists want to speak of publicly, realizing that fulfilled socialism or communism is not yet something the American public would tolerate in principle. So today's revolutionaries will not speak of anything behond Marx's phase one.
Phase Two, according to Marx, would achieve a totally classless society, establishing a command economy in which bureaucrats control wages, prices and production of goods and services. Private ownership of properly would be completely eliminated and the government would own and control everything--from houses and apartments to factories, railroads, airports, shops and stores to the flowers that grow beside the roads. Lenin asserted that phase one corresponds to socialism and phase two corresponds to communism. The general principles of socialism and communism are the same--socialism being unfulfilled or incomplete and communism being fulfilled or fully realized socialism.
For much of the Twentieth Century, one-third of the world's population lived under Communism. The brutal inefficiencies of the system caused the collapse of Soviet Union in 1991. Thereafter, China and other countries were forced to allow more economic competition and some makeshift capitalism to salvage their economies. Only North Korea clings to the pure form of socialism without compromise and it remains among the poorest nations on earth.
Who supports the Second Bolshevik Revolution and why? Mostly it is the younger generation, under 30, which sees themselves as the have-nots, cheated by what they like to call "capitalism" which has denied them all that they want and deserve. They would like to destroy the banks, large industries and corporations, which they see has evil and corrupt--just as their original cousins did in 1917. They believe a just and utopian society can be created when they (the young revolutionaries) seize control of government and destroy the capitalist class. Then, government can distribute free healthcare, education, housing, cell phones, food and heaven knows how many other free goods and services to the masses. The have-nots will become haves and the wealth of the capitalists will be used to provide all of this.
Alas, they fail to study history. The failures of socialism are there for all to see, if only they would.
It didn't begin with Karl Marx in the 19th Century. Socialist thinking can be traced at least back to the 4th Century, B.C. and the writings of Plato (Republic). Plato, in fact, has been called "the first planner." He would have social justice delivered to the masses by those who govern. I'm fairly certain it would be free to everyone and paid for by a tax on the wealthiest one percent (the capitalists). https://mises.org/library/it-started-plato
Thursday, August 25, 2016
PREDICTED PROBLEMS - ALL COME TRUE
It's hard to believe, but it's been 6 years since Obama Care was introduced. There were many predictions of problems six years ago. And nearly all of them have come true: rising premiums, fewer choices, higher deductibles, policy cancellations, withdrawal of insurance carriers....on and on.
In 2016 there has been an exodus of many giant insurance companies, like Aetna, Humana, United Healthcare and, in some areas, Blue Cross and Blue Shield. The companies were losing billions of dollars and simply could not afford to stay in partnership with Obamacare.
In 2017, 36 percent of the exchange market rating regions will have only 1 participating insurance carrier. In some counties, there is no plan available.
The problem for the insurance companies was easily predicted. It's called adverse selection. There is no medical underwriting. Chronically and severely sick individuals pay the same price as healthy individuals. Severely ill and previously uninsurable persons buy Obamacare in droves, while healthy individuals avoid it whenever possible. Thus, Obamacare selects poor risks for the insurance companies, costing them billions. It's like inviting only homeowners whose houses will burn this year to buy insurance. Those whose houses will not burn don't need the insurance and avoid it. That's adverse selection and it's killing Obamacare.
Insurance companies have been forced to make drastic increases in premiums for individual policies in 2017, as they did in 2016. The average monthly premium in 2016 increased by $408 per month or $4,896 for the year. That's just the increase. There will be much larger premium increases for 2017.
A good example is Tennessee, where the state insurance commission has approved huge premium increases for the 3 participating insurers in 2017:
Blue Cross and Blue Shield will increase rates by 62 percent. That's in addition to the 36 percent increase in 2016--a whopping 98 percent increase in the last 2 years.
Cigna will increase rates 43.6 percent for 2017.
Humana will increase premiums by 44.3 percent in 2017.
Huge premium increases only tell part of the story. Insurance carriers are also attempting to cut losses by shifting much larger burdens onto their policyholders in the form of annual deductibles (the amount the policyholder must pay each year before the insurance company has to pay any benefit). The average Obamacare deductible for a silver plan in 2016 is more than $3,000. The average annual deductible for a bronze plan in 2016 is almost $6,000.
So, the cost of Obamacare is spiriling out of control. The total cost of the ill fated program for the period 2016 - 2025 is expected to be about $1.205 trillion. That is, by the way, more money than has ever existed on planet Earth. All the combined economies in the world have never printed that much money!
There are fewer and fewer choices in healthcare. We were told (remember?) that if we already had a great insurance plan that we liked, we could keep it. Turned out that was not true. The government called good health insurance plans "Cadillac plans" and taxed them out of existence. Why did they do that?
Because Obamacare needs universal participation. They need for younger, healthy Americans to pay into Obamacare without using its benefits. This helps pay the tremendous cost of the program. If Americans continue to have an option to keep good health insurance at a reasonable price, they would avoid Obamacare like the plague. Therefore, the administration had to force people out of their old plans and into Obamacare. Critics of Obamacare predicted that and were called liars. After it happened, we heard little about it.
What lies ahead for Obamacare? You don't need to be a prophet to make some surefire predictions: skyrocketing premiums each year, fewer insurance carriers, fewer choices in plans, higher and higher annual deductibles--and the collapse of Obamacare will be avoided only with massive federal spending and federal debt, which will hurt the entire national economy.
New Prediction for 2017. We have been almost 100 percent in our past predictions about Obama Care. Just go back and read our older posts. So, here is a prediction for 2017.....
Hillary Clinton will win the White House in a landslide. Remember that nationalized (socialized) healthcare was originally her brainchild when her husband was president. She will seize the massive failure of Obamacare as an opportunity. Since Obamacare will be financially failing and unpopular, even among Democrats, Hillary will take drastic action to reform it. She will do what she wanted to do in 1995. She will implement a single payer system. This will be easy to do for two reasons: the insurance companies are losing billions of dollars and want out, so they will not object to being rescued from the sinking ship. Second, there will no other choice. There will be so few insurance carriers left that the only way to offer health insurance is through a government sponsored single payer system. Thus, Hillary's goal that could not be achieved back in 1995 will be handed to her on a silver platter in 2017. Mark my words. I write this on 8/25/16, well before the November election. When it happens I will not claim any prophetic prowess because this is so predictable that even a child can see it coming.
Not that Hillary Clinton needs any encouragement, but Bernie Sanders, author of the Second Bolshevik Revolution, is pushing from behind the curtain. Sanders' Socialist give-me-something-for-nothing Revolution has been so popular during the 2016 campaign that Clinton will adopt his policies to galvinize support of his followers to win the White House. Welcome single payer socialized healthcare. Welcome to the Second Bolshevik Revolution.
In 2016 there has been an exodus of many giant insurance companies, like Aetna, Humana, United Healthcare and, in some areas, Blue Cross and Blue Shield. The companies were losing billions of dollars and simply could not afford to stay in partnership with Obamacare.
In 2017, 36 percent of the exchange market rating regions will have only 1 participating insurance carrier. In some counties, there is no plan available.
The problem for the insurance companies was easily predicted. It's called adverse selection. There is no medical underwriting. Chronically and severely sick individuals pay the same price as healthy individuals. Severely ill and previously uninsurable persons buy Obamacare in droves, while healthy individuals avoid it whenever possible. Thus, Obamacare selects poor risks for the insurance companies, costing them billions. It's like inviting only homeowners whose houses will burn this year to buy insurance. Those whose houses will not burn don't need the insurance and avoid it. That's adverse selection and it's killing Obamacare.
Insurance companies have been forced to make drastic increases in premiums for individual policies in 2017, as they did in 2016. The average monthly premium in 2016 increased by $408 per month or $4,896 for the year. That's just the increase. There will be much larger premium increases for 2017.
A good example is Tennessee, where the state insurance commission has approved huge premium increases for the 3 participating insurers in 2017:
Blue Cross and Blue Shield will increase rates by 62 percent. That's in addition to the 36 percent increase in 2016--a whopping 98 percent increase in the last 2 years.
Cigna will increase rates 43.6 percent for 2017.
Humana will increase premiums by 44.3 percent in 2017.
Huge premium increases only tell part of the story. Insurance carriers are also attempting to cut losses by shifting much larger burdens onto their policyholders in the form of annual deductibles (the amount the policyholder must pay each year before the insurance company has to pay any benefit). The average Obamacare deductible for a silver plan in 2016 is more than $3,000. The average annual deductible for a bronze plan in 2016 is almost $6,000.
So, the cost of Obamacare is spiriling out of control. The total cost of the ill fated program for the period 2016 - 2025 is expected to be about $1.205 trillion. That is, by the way, more money than has ever existed on planet Earth. All the combined economies in the world have never printed that much money!
There are fewer and fewer choices in healthcare. We were told (remember?) that if we already had a great insurance plan that we liked, we could keep it. Turned out that was not true. The government called good health insurance plans "Cadillac plans" and taxed them out of existence. Why did they do that?
Because Obamacare needs universal participation. They need for younger, healthy Americans to pay into Obamacare without using its benefits. This helps pay the tremendous cost of the program. If Americans continue to have an option to keep good health insurance at a reasonable price, they would avoid Obamacare like the plague. Therefore, the administration had to force people out of their old plans and into Obamacare. Critics of Obamacare predicted that and were called liars. After it happened, we heard little about it.
What lies ahead for Obamacare? You don't need to be a prophet to make some surefire predictions: skyrocketing premiums each year, fewer insurance carriers, fewer choices in plans, higher and higher annual deductibles--and the collapse of Obamacare will be avoided only with massive federal spending and federal debt, which will hurt the entire national economy.
New Prediction for 2017. We have been almost 100 percent in our past predictions about Obama Care. Just go back and read our older posts. So, here is a prediction for 2017.....
Hillary Clinton will win the White House in a landslide. Remember that nationalized (socialized) healthcare was originally her brainchild when her husband was president. She will seize the massive failure of Obamacare as an opportunity. Since Obamacare will be financially failing and unpopular, even among Democrats, Hillary will take drastic action to reform it. She will do what she wanted to do in 1995. She will implement a single payer system. This will be easy to do for two reasons: the insurance companies are losing billions of dollars and want out, so they will not object to being rescued from the sinking ship. Second, there will no other choice. There will be so few insurance carriers left that the only way to offer health insurance is through a government sponsored single payer system. Thus, Hillary's goal that could not be achieved back in 1995 will be handed to her on a silver platter in 2017. Mark my words. I write this on 8/25/16, well before the November election. When it happens I will not claim any prophetic prowess because this is so predictable that even a child can see it coming.
Not that Hillary Clinton needs any encouragement, but Bernie Sanders, author of the Second Bolshevik Revolution, is pushing from behind the curtain. Sanders' Socialist give-me-something-for-nothing Revolution has been so popular during the 2016 campaign that Clinton will adopt his policies to galvinize support of his followers to win the White House. Welcome single payer socialized healthcare. Welcome to the Second Bolshevik Revolution.
Sunday, February 21, 2016
OBAMA CARE - IN DANGER OF COLLAPSE
The "Affordable Care Act" or "Obama Care" is in danger of collapse.
America's largest health insurer, United Health Care, has recently announced heavy losses because of selling policies in the Obama Care exchanges. The insurance company said it may have to pull out of Obama Care altogether.
Three of United Health Care's largest competitors, Cigna, Aetna and Anthem, have similar problems. In fact they have already announced that they are pulling out of some Obama Care exchanges in certain parts of the country.
This comes in spite of insurance companies raising premiums significantly and hiking their deductibles as high as they can to save money. They can't break even. So the insurance companies are being forced out.
Rising deductibles, co-pays and premiums mean unhappy policyholders, who are seeing the cost of their insurance skyrocket and their policies paying less and less on their rising medical bills.
In this type of situation, what would be the logical solution? Either a complete overhaul of the failed system or a repeal of Obama Care altogether. But that will not happen, at least not before a new president takes office on January 20, 2017. Obama will certainly veto any serious change to the Affordable Care Act while he remains in office.
While there are plenty of people in Congress who understand the failure of Obama Care (even many Democrats), and who would vote for serious overhaul, they know any such legislation would be vetoed by Obama. In the meantime, those who suffer are the policyholders--and the uninsured who can't afford to buy "Affordable Healthcare" from Obama.
If Obama Care remains in place, the only two things that can possibly happen are: premiums will continue to skyrocket, making Obama Care even more unaffordable; and co-payments and deductibles will continue to increase, leaving policyholders paying a larger and larger portion of their medical bills out of pocket. And as more and more insurance companies are forced to bail out, it will become harder and harder to find coverage in many parts of the country.
As predicted, Obama Care has created more problems than it has solved.
America's largest health insurer, United Health Care, has recently announced heavy losses because of selling policies in the Obama Care exchanges. The insurance company said it may have to pull out of Obama Care altogether.
Three of United Health Care's largest competitors, Cigna, Aetna and Anthem, have similar problems. In fact they have already announced that they are pulling out of some Obama Care exchanges in certain parts of the country.
This comes in spite of insurance companies raising premiums significantly and hiking their deductibles as high as they can to save money. They can't break even. So the insurance companies are being forced out.
Rising deductibles, co-pays and premiums mean unhappy policyholders, who are seeing the cost of their insurance skyrocket and their policies paying less and less on their rising medical bills.
In this type of situation, what would be the logical solution? Either a complete overhaul of the failed system or a repeal of Obama Care altogether. But that will not happen, at least not before a new president takes office on January 20, 2017. Obama will certainly veto any serious change to the Affordable Care Act while he remains in office.
While there are plenty of people in Congress who understand the failure of Obama Care (even many Democrats), and who would vote for serious overhaul, they know any such legislation would be vetoed by Obama. In the meantime, those who suffer are the policyholders--and the uninsured who can't afford to buy "Affordable Healthcare" from Obama.
If Obama Care remains in place, the only two things that can possibly happen are: premiums will continue to skyrocket, making Obama Care even more unaffordable; and co-payments and deductibles will continue to increase, leaving policyholders paying a larger and larger portion of their medical bills out of pocket. And as more and more insurance companies are forced to bail out, it will become harder and harder to find coverage in many parts of the country.
As predicted, Obama Care has created more problems than it has solved.
Wednesday, January 6, 2016
WHY OBAMA CARE DOES NOT HELP POOR FAMILIES
Obama Care was made to sound good. It had good packaging, good marketing, lots of artificial wind in the sails....until people began trying to use it.
Here are a few obvious reasons Obama Care is a dismal, almost total failure for poor or even low middle income families.
1. Obama Care has high annual deductibles. To get a plan with an affordable premium, you will be saddled with an annual deductible up to $5,000 or more. You must pay the first $5,000 in medical bills yourself before Obama Care pays one penny. If you can't afford the first $5,000, you might as well not have insurance.
2. Premiums are much higher than they were. There is nothing affordable about Obama Care. Most people do not qualify for subsidies (free government help). If you don't, expect to pay at least $280 a month for an individual plan and up to $900 a month for a family plan.
3. An Obama policy will still leave you stuck with a substantial portion of your medical bill. Most plans have at least a 20 percent copay. For every $1,000 paid by Obama Care, you have to pay $200 yourself. Some plans have even higher co-pays. The co-pays are in addition to the annual deductible.
Therefore, the whole concept is based on slick marketing, lies and myths. Obama Care has helped a relatively few people who qualify for government handouts (subsidies) and a small group of people who were uninsurable. But the average American was much better off before Obama Care.
As this post has stated frequently, the "Affordable Care Act" has nothing to do with helping Americans get or pay for medical care. It is about shifting medical care and medical choices over to the federal government.
The federal health insurance laws need to be seriously overhauled to fix the serious problems. We don't know if a better law can be drafted but we do know that nothing could be as bad as the one we now have.
Here are a few obvious reasons Obama Care is a dismal, almost total failure for poor or even low middle income families.
1. Obama Care has high annual deductibles. To get a plan with an affordable premium, you will be saddled with an annual deductible up to $5,000 or more. You must pay the first $5,000 in medical bills yourself before Obama Care pays one penny. If you can't afford the first $5,000, you might as well not have insurance.
2. Premiums are much higher than they were. There is nothing affordable about Obama Care. Most people do not qualify for subsidies (free government help). If you don't, expect to pay at least $280 a month for an individual plan and up to $900 a month for a family plan.
3. An Obama policy will still leave you stuck with a substantial portion of your medical bill. Most plans have at least a 20 percent copay. For every $1,000 paid by Obama Care, you have to pay $200 yourself. Some plans have even higher co-pays. The co-pays are in addition to the annual deductible.
Therefore, the whole concept is based on slick marketing, lies and myths. Obama Care has helped a relatively few people who qualify for government handouts (subsidies) and a small group of people who were uninsurable. But the average American was much better off before Obama Care.
As this post has stated frequently, the "Affordable Care Act" has nothing to do with helping Americans get or pay for medical care. It is about shifting medical care and medical choices over to the federal government.
The federal health insurance laws need to be seriously overhauled to fix the serious problems. We don't know if a better law can be drafted but we do know that nothing could be as bad as the one we now have.
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