What’s news today?
First we go to Oklahoma, for a good display of patient centered healthcare.
And no, it ain’t nothing like ObamaCare. This will actually work.
“What Free-Market Healthcare Looks Like”
From Reason.com
But we get this nonsense instead.
From HotAir
“Embedded within the shadowy depths of the Patient Protection and Affordable Care Act (sometimes, I like to use its official name just to re-appreciate the irony of “patient protection” and “affordable”) is a 2.3 percent excise tax on the sale of taxable medical devices by the manufacturer/importer — and it’s no small thing. Happening now:
Medical device executives will descend on Capitol Hill today to press members of Congress to address the 2.3% medical device tax before it takes effect in January. …
“Without action from Congress, implementation of the medical device tax will cost our economy thousands of high paying jobs,” MITA executive director Gail Rodriguez said in prepared remarks. “These job losses will directly impact patient access to the most advanced, life-saving medical technologies available.” …
The letter includes support from physician groups, venture capital firms and other organizations asking the Senate to repeal the 2.3% levy on medical device sales, which device makers will start paying in at the start of next year.”
More here from Politico
“Every day, America’s medical technology community gets up and goes to work, focused on improving the lives of patients throughout the world. Whether manufacturing pacemakers, CT scanners or catheters, our passion for innovation and ingenuity is why this proud American industry continues to lead the world in these challenging times.
Unfortunately, in fewer than 60 days, a new medical device tax will hit this innovative industry, and it threatens patient care and U.S. jobs.”
“This onerous policy — which is expected to cost more than $30 billion — is already having a real-world, everyday impact on our health care system and our economy. Even though it doesn’t take effect until Jan. 1, medical technology companies are already announcing job cuts and canceling plans to build plants to pay for the tax. Others are trimming budgets in important areas like research and development.
Put simply, this is a tax on innovation, and it is going to hurt American workers and patients most. Congress can and should repeal it immediately.”
Throw in a Primary Care Doctor shortage as well?
From Yahoo
“The United States will require at least 52,000 more family doctors in the year 2025 to keep up with the growing and increasingly older U.S. population, a new study found.
The predictions also reflect the passage of the Affordable Care Act — a change that will expand health insurance coverage to an additional 38 million Americans.
“The health care consumer that values the relationship with a personal physician, particularly in areas already struggling with access to primary care physicians should be aware of potential access challenges that they may face in the future if the production of primary care physicians does not increase,” said Dr. Andrew Bazemore, director of the Robert Graham Center for Policy Studies in Primary Care and co-author of the study published Monday in the Annals of Family Medicine.
Stephen Petterson, senior health policy researcher at the Robert Graham Center, said the government should take steps — and quickly — to address the problem before it gets out of hand.”
Even Obama supporters are forced to deal with this monstrosity, and yet they still supported him.
From Breitbart
“Stryker Corporation has announced that it will close its facility in Orchard Park, New York, eliminating 96 jobs next month. It will also counter the medical device tax in Obamacare by eliminating 5% of their global workforce, an estimated 1,170 positions.
Jon Stryker is heir to the Stryker Corporation, one of the largest medical device and equipment manufacturers in the world. Stryker’s grandfather was the surgeon who invented the mobile hospital bed. The company now sells $8.3 billion worth of hospital beds, artificial joints, medical cameras, and medical software every year.
Stryker, a member of the Forbes 400 list, was one of the top five donors to the Obama campaign. Having donated $2 million to the Priorities USA Action super PAC, Stryker also gave $66,000 in contributions to Obama and the Democrat Party.”
More layoffs at Stimulus-backed solar companies. Shocking huh?
From Heritage.org
“A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees.
One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed those tariffs for its own layoffs.”
“SolarWorld received a credit worth $82 million, while SunTech’s was worth $2.1 million.”
A reason for Patraeus to resign that I hadn’t heard before.
From TheWeek
“When he admitted having an extramarital affair with Paula Broadwell, CIA Director David Petraeus, as a senior civilian in the presidential chain of command should something go catastrophically wrong in Washington, violated special behavior codes for officials who might one day be forced to execute nuclear strikes.
In classified presidential emergency action documents, the CIA director is among the dozens, if not hundreds, of officials who are listed as National Command Authority successors in the event that higher-ranking officials are no longer able to do their jobs.
Because under certain circumstances he’d have ready access to the nuclear satchel, Petraeus was indoctrinated into the Personnel Reliability Program, which evaluates and monitors the lifestyle and behavior of Americans with access to nuclear command and control mechanisms. Adultery is not a minor sin under the PRP rules.”
The Campaign continues. Now you know what the meeting with Obama was about.
From CNN
“Several major labor unions are banding together to launch an ad campaign next week urging members of Congress to raise tax rates on the wealthiest Americans and to protect entitlement programs from major cuts as a solution to the looming fiscal cliff, a source with knowledge of the effort told CNN Friday.
The American Federation of State, County and Municipal Employees, the Service Employees International Union and the National Education Association are banding together for this campaign, which will be launched next week.”
“The effort will include a “six figure” buy of television ads, as well as ads online, the source told CNN.”
I love the smell of bailouts in the morning.
I told you about this one at the FHA already.
From TheLATimes
“The Federal Housing Administration, which has played a crucial role in stabilizing the housing market, said it ended September with $16.3 billion in projected losses — a possible prelude to a taxpayer bailout.
The precarious financial situation could force the FHA, which has been self-funded through mortgage insurance premiums since it was created during the Great Depression, to tap the U.S. Treasury to stay afloat.”
And now it looks like we may have another.
From the AP
“The federal agency that insures pensions for more than 40 million Americans last year ran the widest deficit in its 38-year history.
The Pension Benefit Guaranty Corp. said Friday that its deficit grew to $34 billion for the budget year that ended Sept. 30. That compares with a $26 billion shortfall in the previous year.
Pension obligations grew by $12 billion to $119 billion last year. Assets used to cover those obligations increased by only $4 billion to $85 billion.
The agency has now run deficits for 10 straight years. The gap has grown wider in recent years because the weak economy has triggered more corporate bankruptcies and failed pension plans.
If the trend continues, the agency could struggle to pay benefits without an infusion of taxpayer funds.”
🙄