Thursday, April 29, 2010

Local - Tax the evil hospitals.

So where do the hospitals get the money?

Colorado can afford to add about 67,500 people to Medicaid and other government insurance next week, thanks to a new state law that requires hospitals to chip in toward the landmark initiative.

Hospitals made their initial payments — and in return, received more state and federal cash to take care of needy patients — this month. The amount each hospital paid was worked out through a complicated formula that left some hospitals in the hole and others millions of dollars ahead of where they were before the new law. ...

... The point of the Health Care Affordability Act, considered Gov. Bill Ritter’s most significant health care reform, is to create a pot of money through hospital fees that would draw matching federal money. The state is using the additional money — expected to reach $1.2 billion annually — to provide more Coloradans with health insurance, as well as pay back hospitals for treating patients who are either uninsured or on Medicaid.

In basic terms, the hospitals that treat the highest number of needy patients will benefit most from the 2009 law.

Denver Health Medical Center, for example, will pay $12.3 million in fees this year but come out $16.5 million ahead after collecting $28.8 million from the state pot and matching federal money, according to state data. The hospital, near downtown Denver, recorded more than 47,000 “Medicaid days” in 2007, a tally of Medicaid patients who stay 24 hours.

Those of you who pay money to hospital - even through you insurance - will pay for this.  (And for everything else government does.) But they’re not raising your taxes. They’re raising your costs to go to a hospital.

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When 49 of the 50 state are still underwater ...

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Headed to Galt’s Gulch so the blogging will be limited.

I have a little electrical work and more cleanup to do over a long weekend. I’m sure I’ll find the time to take a look at the new snow.  The beautiful Mrs. Kestrel will also be making the trip.

This post will remain at the top so be sure to check below for any new posts.

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Progress for Madagascar?

Well after first gaining and then losing the support of the military he better do something.

Madagascar’s strongman leader, Andry Rajoelina, said Wednesday he is willing to share his government with rival leaders as fresh talks began aimed at ending the country’s political crisis.

Leaders of Madagascar’s rival political factions met Wednesday in a new bid to forge a deal on a unity government to lead the island nation out of the crisis sparked when Rajoelina overthrew former President Marc Ravalomanana in March 2009.

The talks in the South African capital are the latest in a series of meetings between the Ravalomanana and Rajoelina factions and former presidents Didier Ratsiraka and Albert Zafy.

“I am ready to form a government with the other political forces, including the former president and even the other presidents, to head toward elections,” Rajoelina told AFP.

But the former mayor of Madagascar’s capital said he wants to keep his current prime minister until fresh elections can be held.

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Someone has to do it.

You would think that it would be those protected by ‘freedom of the press’.

Over the past several years, quite a few state-based free market think tanks have started doing investigative journalism. These organizations have decided that exposing government malfeasance is an important part of their mission of keeping big government in check. And in many cases, they’re also filling a void in local reporting created by the closure or downsizing of traditional media outlets.

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Wednesday, April 28, 2010

Is Spain next?

Standard & Poor’s Ratings Services on Wednesday lowered Spain’s long-term sovereign credit rating to AA from AA+. “We now believe that the Spanish economy’s shift away from credit-fuelled economic growth is likely to result in a more protracted period of sluggish activity than we previously assumed,” said Marko Mrsnik, an S&P credit analyst. “We now project that real GDP growth will average 0.7% annually in 2010-2016, versus our previous expectations of above 1% annually over this period,” he added. Private sector debt, which is at 178% of GDP, and an inflexible labor market as well as low export capacity are all burdening Spain’s economic growth, according to the ratings agency. The outlook is negative.

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At what point do you start to question honesty.

On Monday, The Prowler, a pseudonymous writer for The American Spectator, posted an item quoting an anonymous source at the Department of Health and Human Services saying the agency had delayed the release of a report by Medicare actuary Richard Foster noting that overall medical spending would rise under the health reform law.
The HHS has since denied that this is true, telling Post reporter (and Reason contributing editor) Dave Weigel that the article is “completely inaccurate.”

The Prowler says his sources are standing by the following facts:

Prior to final passage of the health care reform bill on Sunday, March 21, the Office of the Actuary had provided senior leaders inside HHS with data that indicated the then-bill would increase the cost of health care and impose higher costs on Americans. And that data was not provided to anyone publicly until after the legislation was passed.

Maybe this will get ugly enough that we will discover who’s correct.

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The Arizona law.

I’m pretty libertarian but I don’t have a problem with it. Of course I’m not an illegal alien.

It may finally require a real ‘guest worker’ policy and it sends the message that the federal government is not doing it’s most fundamental job.

Since the 1800s, the federal government has been in charge of controlling immigration and enforcing those laws, Professor Chemerinsky noted. And that is why, he argued, Arizona’s effort to enforce its own laws is destined to fail.

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Others unhappy with Financial reform.

Hey ... we’re talking chocolate here.

Mars, the maker of M&M’s and Snickers, wants to make sure it can continue dabbling in the derivatives market to protect the price of sugar and chocolate for its candies.

Harley-Davidson is worried that its dealer-financed loans to bikers will fall victim to new federal financing regulations. And eBay is concerned about possible restrictions on PayPal, a subsidiary, in moving money in the Internet marketplace.

Far afield from Wall Street, the intense debate over the overhaul of financial regulations by Congress is attracting some unlikely but powerful players. More than 130 companies from the manufacturing, retail and service sectors have retained high-powered lobbyists to weigh in on, and often oppose, the regulatory system being debated this week in Washington, according to an analysis of lobbying records by The New York Times.

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Maybe term limits are in order.

The healthiest thing to do.

A third of registered voters are inclined to reelect their representatives in Congress, the fewest since the Republican Party rode voter discontent to control of the House and Senate 16 years ago, according to a new ABC News-Washington Post poll.

Voters split over president’s handling of the economy.

Nearly six in 10 said they’ll instead look for someone new come the fall elections.

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Who voted against the congressional pay raise?

Interesting that these voted ‘against’ blocking the raise.

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The Kennedys are very serious about Cape Cod.

Looks like Salazar is going after them.

Interior Secretary Ken Salazar is headed to Boston Wednesday to make an announcement about a controversial wind farm project on Cape Cod that could put the Obama administration at odds with one of the president’s biggest supporters: the Kennedy family.

Salazar will announce whether the wind farm project off the coast of Cape Cod will see the light of day—or be gone with the wind. His decision will affect thousands of residents, local businesses and tourists who flock to the seashore paradise each summer—and likely determine the fate of other such offshore wind farms in states from New York to Michigan.

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An interesting turn of events that may give the Pakistanis a way out.

The Interpol has issued arrest warrants for five Americans detained by Pakistani police over having alleged connections with al-Qaeda militants.

The Interpol urged Islamabad to hand over the US detainees who are currently under trial in an anti terror court in Pakistan’s eastern city of Sargodha, a government official told Press TV on the condition of anonymity late Tuesday.

“The Interior Ministry has received the arrest warrants of five American nationals….and a summary has been sent to the Interior Minister Rehman Malik for further processes,” the official said.

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Tuesday, April 27, 2010

Another ‘old college try’.

Four months after Madagascar’s de facto leader Andry Rajoelina repudiated internationally-brokered mechanisms aimed at restoring constitutional rule, African leaders will make a new attempt this week to resolve the country’s political deadlock.

The South African government announced Tuesday that President Jacob Zuma would facilitate “a face-to-face meeting” in Pretoria on Wednesday between Rajoelina and Marc Ravalomanana, the president whom he ejected from power a year ago, as well as former presidents Didier Ratsiraka and Albert Zafy.

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Where does the money come from?

A new blog for Open Secrets.

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