Earlier this morning President Trump previewed a speech he will deliver momentarily to a group of voters in Cincinnati on Obamacare reform and infrastructure with the following tweet:
"Getting ready to leave for Cincinnati, in the GREAT STATE of OHIO, to meet with ObamaCare victims and talk Healthcare & also Infrastructure!"
Authored by Gary Galles via The Mises Institute,
Americans have been fighting over health insurance reform for ages. For example, 25 years ago, in 1992, over 200 congressional health care bills were introduced.
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
In the rancorous to and fro over the repeal of ObamaCare and its possible replacement with the American Health Care Act, an elephant in the room has remained unnoticed. It’s that giant bundle of burdensome regulations that is crushing physicians, their staffs, and sending the costs of healthcare soaring.
Having weakened to unchanged for the last two months, April saw personal spending rise 0.4% MoM (as expected) and personal income rise 0.4% MoM (as expected). However, year-over-year growth in spending (+4.3%, weakest since Sept 2016) and income (+3.6%, weakest since Jan 2017) both signaled a rolling over of the post-Trump exuberance (just in time for another rate-hike by the The Fed).
Major (upward) revisions to spending data seems to have exaggerated April's demise...
But, this is not what The Fed (nor Trump) was hoping for.
Blue Cross Blue Shield of Kansas City (Blue KC) has just joined the growing ranks of insurers across the country that have decided they've lost just about enough money on Obamacare. According to a press release issued earlier today, Blue KC's CEO said the company has lost $100 million on the Obamacare exchanges since 2014, a fact that prompted their decision to exit their 32-county service area.