Showing posts with label death spiral. Show all posts
Showing posts with label death spiral. Show all posts

Tuesday, March 30, 2010

CNN Continues Ratings Death Spiral


CNN's main hosts have lost half their audience in the last year.

CNN continued what has become a precipitous decline in ratings for its prime-time programs in the first quarter of 2010, with its main hosts losing almost half their viewers in a year.
CNN hasn't lost it's sense of humor.
CNN executives have steadfastly said that they will not change their approach to prime-time programs, which are led by hosts not aligned with any partisan point of view.

They must be referring to that huge nonpartisan Larry King.

Have Democrats Intentionally Created a Private Insurance Death Spiral?



Have Democrats intentionally created a private insurance death spiral? The answer appears to be yes. Although there are penalties in Obamacare for failing to purchase insurance, the enforcement has no teeth. The IRS will collect taxes fines from Americans who fail to purchase insurance. Normally, the IRS is much feared for their ability to collect money from delinquent taxpayers by assessments, liens or seizures. These enforcement provisions are prohibited for collection of fines for lack of coverage. The IRS can't even charge interest on the past due amount. These collection prohibitions were deliberately written into law. If you fail to pay the lack of coverage fine, the IRS can only deduct it from your refund, if you get a refund. Of course, many people can adjust their withholding to eliminate the possibility of a refund. What does this mean? Insurance companies can't penalize people for pre-existing conditions starting in 2014. If everyone isn't forced to buy insurance, people can wait until they face huge medical bills and then enter the system for coverage. This will be like being able to purchase car insurance after a wreck and have the damages payed for. There is a strong disincentive to pay into the system during healthy periods. Without healthy people and young people being forced into the system, private health insurance costs will skyrocket. Then, Democrats will clamor for the public option.

Reason reported:
When states tried to fix their individual health insurance markets—the marketplace for those who don't get insurance through their employers—the initial idea was to simply prohibit insurers from discriminating against individuals with preexisting conditions. But that caused what insurers called a "death spiral"—ever higher premiums as relatively healthy people decided to wait until they were sick to buy insurance, leaving smaller and smaller pools of more and more expensive individuals.

The solution to this problem, both in Massachusetts and in ObamaCare, was the individual mandate...
The penalty [for not purchasing insurance] applies to any period the individual does not maintain minimum essential coverage and is determined monthly...

Tuesday, February 2, 2010

New PPP Survey: Blanche Lincoln Losing 56-33 to Likely Republican Opponent


Senator Blanche Lincoln has seen her popularity with voters go into a death spiral.

from Public Policy Polling:
John Boozman will enter the Arkansas Senate race this weekend as the frontrunner. He leads incumbent Blanche Lincoln by an amazing 56-33 margin in our first poll of the race.

What has caused this drastic decline in Senator Lincoln's support? The democrat's health care reform is responsible.
... 61% of voters in the state oppose the President's plan, and among those folks Lincoln's approval rating is just 8% with 79% of them expressing the belief that she's too liberal...