It's official: years of warnings that Obamacare will lead to dramatic increases in healthcare premiums are about to be validated.
As the WSJ writes, big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Privilege serves the same purpose--benefiting the few at the expense of the many--regardless of the system's ideological labels.
Pew released a survey earlier this month on American attitudes on foreign policy and America’s role in the world. Notably, only 27% said that they thought the U.S. does too little in trying to solve world problems:
One Place to Follow All Your Favourite Financial Sites Including ZeroHedge
In what has been another quiet overnight session, which unlike the past two days has not seen steep, illiquid gaps higher in US equity futures (the E-mini was up 3 points and accelerating to the upside as of this writing so there is still ample time for the momentum algos to go berserk), the main event was the price of Brent rising above $50 for the first time since November with WTI rising as high as $49.97.
As shown in the chart below, Brent crude surpassed $50 a barrel for the first time since November, lifting commodity companies and buoying currencies where oil is produced.