Relevant and even prescient commentary on news, politics and the economy.

Getting the Truth on Medicare Advantage Plans v Traditional Medicare

I think MA growth should be slowed or stopped, at least until we end the extraordinarily high subsidies for MA plans, which are unfair to traditional Medicare and burdensome to the public treasury and many beneficiaries. Many beneficiaries can get better care for themselves and greater choice through traditional Medicare,

The economics of lighting

I grew up with the admonition that you always turn off the lights if you’re the last to leave the room. Or “close the lights,” as my grandma used to say. But home lighting technology has evolved considerably over the past couple of decades. 1. Does it save money to turn out the lights when […]

New Deal democrats Weekly Indicators March 4 – 8 2024

Weekly Indicators for March 4 – 8 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Generally speaking, there is a demarcation between consumer-oriented data, which is in the main positive, and manufacturing-oriented data, which is mainly weak or negative. As usual, clicking over and reading will bring […]

Consumer Financial Protection Bureau, is going after debt resulting from healthcare

KFF Health News: In 2010 President Barack Obama signed legislation to create the Consumer Financial Protection Bureau. Its purpose he said “the new agency had one priority . . . looking out for people, not big banks, not lenders, not investment houses.” But people . . . Since then, the CFPB has done its share […]

How health insurers profit by hoarding your data

A comprehensive All-Payer Claims Databases would help the health care system become more effective and efficient. The Department of Labor could do something about that, but hasn’t. Merrill at GoozNews is depicting why providers and software vendors closely guard patient information, maintaining exclusivity so as patients have to rely on them. Insurance companies follow suit […]

Biden Says Billionaires Pay an 8.2% Tax Rate. What Do Other Households Pay?

Let’s compare apples to apples here. Originally Published at Wealth Economics Uncle Joe has thrown out this 8.2% figure a couple of times, including in last night’s SOTU. Multiple folks have unpacked it; it’s not the standard “tax rate” measure. The usual “tax rate” is taxes divided by personal income, which doesn’t include accrued holding gains. The alternative […]

February jobs report: Household Survey is downright recessionary and the Establishment Survey is decidedly mixed

February jobs report: the Household Survey is downright recessionary, while the Establishment Survey is decidedly mixed  – by New Deal democrat In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically:  Here’s my in […]

Labour power as a common-pool resource

Labour power as a common-pool resource: in memory of Paul Burkett Human mental and physical capacities to work have elastic but definite natural limits. Those capacities must be continuously restored and enhanced through nourishment, rest, and social interaction. Over the longer term that capacity for labour also has to be replenished by a new generation […]