Not a single news broadcast passes without mention of the so-called “Tea Party” and its rise to political prominence or the imminent toppling of the Establishment that will be caused by that increasing power. Candidates from Delaware to Kentucky to Colorado to Alaska are banking on the spending power of the Tea Party’s newly minted political capital, and all of that makes for good copy.
When the book The $3 Trillion War debuted in 2008, it was roundly criticized by such notables as John Lott, Richard Zerbe and Edgar Browning, who held that estimates of the cost of the war in Iraq were overstated. But in a conference call earlier this week, authors Joseph Stiglitz (Nobel Prize winner) and Linda Bilmes (Harvard University professor), said they underestimated those costs by at least one third.
Anyone who was confused as to why big insurance companies would support such an obviously anti-market piece of legislation as ObamaCare — a law supposedly designed to protect consumers from greedy, heartless insurers — need look no further than a September 30 New York Times report. Reed Abelson writes that the Principal Financial Group, which offers employer-based health insurance to about 840,000 people, “announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect.”
Dr. Fredrick Pierce graduated from medical school in 1955 and spent stints in the military services at the Navy Aviation Medical School and as an Army flight surgeon before beginning a long career in industrial medicine in the environmental and occupational health fields. He served 27 years with General Motors and then at clinics in Michigan and Indiana before retiring. He is a longtime active member of the Association of American Physicians and Surgeons.
McDonald’s has just served up a not-so-happy meal to its employees, courtesy of ObamaCare: Because of the federal government’s new rules governing limited-benefit health insurance, also known as “mini-med” plans, the Golden Arches may be forced to stop insuring their nearly 30,000 restaurant workers in the very near future.