econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



>> Click Here for Historical Wall Post Listing <<

What We Read Today 03 December 2014

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

  • Ashton Carter To Replace Defense Secretary Hagel (Ginger Gibson, International Business Times) The proposed nominee appears to be "safe" as this article says he will likely have an easier time facing Republican questions than some other possible candidates. Carter might be considered a career DoD (Department of Defense) appointee, having served in three previous appointments under both Presidents Obama and Clinton. The IBT article says that, although he is considered likely to get approval, his confirmation hearings will offer an occassion for the Obama middle east policy to be discussed. Carter will have to answer questions about how he sees that policy developing going forward.
  • Articles about events, conflicts and disease around the world

Ferguson

Ferguson Grand Jury Witness Testimony Disagrees On Events Leading Up To Michael Brown's Death (International Business Times)

Pack of teens beats man to death near Ferguson, but protests sparse (Fox News)

Four Denver cops hit by car amid Ferguson protest; one in critical condition (The Denver Post)

Ebola

Belgian expert: WHO messed up Ebola response (Al Jazeera)

Islamic State

What the US doesn’t understand about ISIS, & must learn soon (Fabius Maximus) FM has contributed to GEI.

Turkey

‘Turkey and Russia split politics from economics’ (RT)

Syria

Inside Kobani, scenes of devastation on every side (CNN)

Syria Goes Dark (Zero Hedge)

Sydney student Taha ElBaf and three brothers in Syria 'fighting for Islamic State' (The Sydney Morning Herald

Iraq

ISIS Takeover In Iraq: Mosul University Students, Faculty Uncertain About The Future Of Higher Education (International Business Times)

Ukraine

Ukrainian PM reports accident at nuclear power plant (Reuters)

NATO announces new support for Ukraine Alliance to activate four trust funds for Ukraine army as it condemns Russia's "deliberate destabilisation" of Kiev. (Al Jazeera)

Russia

With Russia on Brink of Recession, Putin Faces ‘New Reality’ (The New York Times)

Rouble sinks to new lows as Russia's problems mount (BBC News)

Hong Kong

Hong Kong’s stand-off is heading for a showdown – and Xi’s future is at stake (Minxin Pei, Financial Times)

Mexico

Mexican Missing Students Update: National Mobilization for Peace in Mexico Marches Held To Protest Drug War (International Business Times)



There are 8 articles discussed today 'behind the wall', all dealing with the latest news about Obamacare.

Do not miss "Other Economics and Business Items of Note", the final section every day.

Please support all that we do at Global Economic Intersection with a subscription to our premium content 'behind the wall'.

There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.

You get a full year for only $25.


  • A look at 2015 individual market health insurance rate filings (PCW, Health Research Institute) This data can supply a headline for everyone, just not the same headline. For Obamacare opponents the headline could be : ACA Premiums for 2015 Surge by up to 51%. For Obamacare supporters: ACA Premiums for 2015 Slashed by as Much as 25%. And for those trying to be objective: Incomplete Data Indicates Average ACA Premiums for 2015 May Increase by 3.7% to 5.4%. All three headlines are factually correct but none reflects with accuracy what is going on. For example, most states and the federal website Healthcare.gov have additional plans added to exchange menus. Thus an increase or decrease in average premiums does not indicate how premiums have changed for carry-over plans because the new plans are included. Examples of data from three states illustrates the variation in the data from state to state:

Minnesota: Premium Increase Range = -14.4% to +51.1%; Average Premium Increase = 12.4% (largest increase in country); Median Premium Increase = 9.2% (fifth largest); 2015 Average Rate = $319 (7th lowest); Number of New Plan Bids = 1. States with average 2015 premiums closest to Minnesota are Texas ($316) and Arizona ($313).

Mississippi: Premium Increase Range = -25.0% to +6.5%; Average Premium Increase = -9.3%% (largest decrease in country); Median Premium Increase = -9.3%% (fifth largest); 2015 Average Rate = NA ; Number of New Plan Bids = 1.

Arizona: Premium Increase Range = -25.0% to +23.5%; Average Premium Increase = 4.5%; Median Premium Increase = 9.7% (fourth largest); 2015 Average Rate = $313 (5th lowest); Number of New Plan Bids = 6.

See also next article. Click on map for interactive display of data state-by-state:

aca-2015-rates-HIX-2014-nov-25

  • Early Exchange Outlook 2015 (Ceci Connolly and Caitlin Sweany, The Health Care Blog) The early indications for 2015 is that there will be major expansion of plan offerings under ACA (Affordable Care Act). At least 15 of the first 28 rate filings will offer additional plans this year. Of the 176 plans filed for ACA coverage in 2015, 36 (20%) are new. In Arizona, 6 new plans have been submitted to the state and five in Virginia; Washington, Arkansas and Tennessee show three new plans each. According to this article, insurance giant United Health Group is planning a major expansion of offerings for 2015. There are also indications that healthcare co-ops will be expanding significantly. These member owned and operated healthcare insurance arrangements covered 400,000 in 2014. There will likely be fallout from the current number of co-op plans over the next several years as smaller entities may have difficulty in paying back federal start-up loans totaling about $2 billion. Note: This article is four months old and the specific numbers contained are different from the up-to-date data in the preceding article.
  • Risk Of IT Security Breach On Exchanges ‘Very Real’ (Ryan Baldwin, HIX, Health Insurance Exchange) The ACA exchanges (and private exchanges as well) do not collect credit card information (billing is handled offline) but there is a lot of personal information that is collected (names, addresses, phone numbers, birth dates, and Social Security numbers) which makes the millions of user files prime targets for identity theft hackers. Any system that can be logged into can be broken into and it is only a matter of time until some data security event occurs.
  • Public Approval of Health Care Law (Real Clear Politics) Obamacare remains highly unpopular. But current polling is slightly less unfavorable that a year ago. The average spread for the results shown below is 14.6%. For November 2013 the negative spread was 17.7. In previous years (October-November polling) there were less negative spreads at 11.4 in 2012 and 13.3 in 2011. See also Kaiser Family Foundation article, third below.

Click for polling data back to 2009 at Real Clear Politics.
aca-approval-rcpolitics-2014-nov

  • Small businesses slow to adapt to ACA tracking technology (Michael Giardina, Employee Benefit News) Only 4% of small businesses are looking at software that helps companies meet qualifications and reporting standards associated with the Affordable Care Act. Of course those with less than 50 employees are not affected. But for those larger, more than 90% already offered health care benefits and those are "not even thinking about this change". The existing manual methods work just fine for these smaller companies. But if the grow into the few hundred employee range the use of spread sheets and manual operations will no longer be feasible. What works well for 60 employees may be unworkable for 260. The inference of this article is that company growth will select those that can no longer be slow to adapt.
  • 5 ways a Republican Congress could change health policy (Allison Bell, Life Health Pro) There are not a lot of changes that can be made, and only those backed by some Democrats will even come up for a vote in the Senate. And don't forget that it would take 67 votes in the Senate to overcome a President Obama veto. See also 5 more ways a Republican Congress could change PPACA (Allison Bell, Life Health Pro). One factor that is weighing against changes is that hospitals are largely very pleased with ACA, as are large insurance companies. These two sources have a lot of influence with both parties because they are major political contributors.
  • Kaiser Health Tracking Poll: April 2014 (Liz Hamel, Jamie Firth and Mollyann Brodie, The Henry J. Kaiser Family Foundation) One conclusion about Obamacare opinions is that for many who belong to a political party the opinion may be determined largely by what one has been told, more than by what they have experienced. How else can the dramatic differences between political party affiliation be explained? See graph below.

aca-approval-political-party-kaiser-2014-april

  • Other Economics and Business Items of Note and Miscellanea

Fewer Hospital Mistakes Saved 50k Lives (The Daily Beast) Also saved about $12 billion.

Why Economists Are Paid So Much (Bloomberg View)

What We Remember About Home Economics -- The Good, The Bad And The Ugly (Huffington Post)

Australia’s Cooling Home Prices Challenge Regulators’ Stance (The Wall Street Journal)

The Tooth-Fairy Economics of Jeff Madrick (Value Walk)

Behavioral Economics Summit, March 4, 2015, Yale Club, NYC (Yale School of Management)

Professor Gordon Tullock: A Personal Remembrance (Library of Economics and Liberty)


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.






Econintersect Behind the Wall



search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Men Without Work
Slow Economic Growth Will Be Around For A Long Time
News Blog
The Best Hilarious Prank Ideas For April Fools' Day
February 2017 Pending Home Sales Index Improves?
The Need For Very Low Interest Rates In An Era Of Subdued Investment Spending
America's Missing Workers Are Primarily Middle Educated
The Share Of American Women In The Labor Force Is Slipping Even As It Rises In The Rest Of The Developed World
Infographic Of The Day: Which Countries Are Going In The Right Direction
Early Headlines: Asia Stocks Mixed, Dollar, Oil Up, Gold Down, Article 50 Day, Westinghouse Files Ch. 11, Trump Wants $1B To Start Wall, Russian Protests, China's $8T Shaky Debt, And More
Thirty Plus Terror Suspects And Convicts Not A Rare Occurrence In UK
The Winners And Losers In Trump's Proposed Budget
God and America (Version 3)
Corning's Glass Brimming With Taxpayer Subsidies
Who Americans Consider Their Greatest Enemies
Has The IPad Become A Sideshow Act?
Investing Blog
Investing.com Technical Summary 28 March 2017
The Dollar's Coming Impact On Markets
Opinion Blog
Free Immigration Is The Moderate, Common-Sense Position
Macron May Lead But Le Pen Remains The Big Story
Precious Metals Blog
These Gold Stocks Will Produce Much Bigger Gains Than Gold Itself
Live Markets
29Mar2017 Market Update: Wall Street Trades Mostly Sideways, $DJI Down, SP 500 Flat, Crude Prices Higher, But Quiet, Earlier Prospects Of A Red Session Haven't Materialized In Early Afternoon Trading
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved