Sunday, October 20, 2013

Does Obama Know? Does Obama Care?
...The heart may not bleed for insurance executives burdened with administrative costs, but this is actually a serious threat to the ability of Americans to get insurance. Under a provision of ObamaCare known as the "Medical Loss Ratio," insurers in the individual marketplace are required to spend at least 80% of all premium dollars on medical care. If the exchanges are "fixed" so that many more faulty applications get through, the new administrative costs will have to come out of the insurance companies' bottom line, making it harder for them to stay in business.

The Journal article notes that the largely nonfunctional exchanges may also worsen the "adverse selection" problem that comes with redefining insurance as a redistributive scheme:

As consumers struggle to navigate healthcare.gov, some health-plan executives worry that only the sickest--those who most expect to need insurance--will persist in seeking coverage. If younger consumers who are on the fence about buying coverage find the process too onerous, insurers may end up with too few healthier members to offset the costs of less-healthy enrollees....

...For me, and for other critics of Obamacare, the problem with the law was never about these technical matters. I didn't think the system wouldn't work because the government couldn't build a website, but because the basic health economics involved is deeply misguided and would take the (badly inadequate) American health-financing system in the wrong direction. So these problems only seem like a prelude to other, larger problems. But Obamacare was also always going to be a test of the sheer capacity of the administrative state to actually do what it claims the authority and ability to do. At this point, it looks as though we may be witnessing a failure of the administrative state on a level unimagined even by its staunchest critics. We may be. But we'll have to see....

She Could Just Marry Kanye West
There's a theory that feminism isn't really an ideology but a form of feminine contrivance--a set of rationalizations designed to conceal one's true nature. In support of that idea we present a piece from Jezebel.com by one Lindy West, titled "Men Who Insist You Change Your Name Make Terrible Husbands."...

...So wait a minute. She starts by denouncing men who insist, against the wishes of their prospective wives, that they change names, but it turns out she's with a man who insists, against her stated wishes, that she not change names. What logical conclusion is there other than that what she really wants is a dominant man?