November 27, 2013

Wednesday Off-Topic (Moderated) Open Thread (112713)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread will stay at or near the top today. Rules are here. Possible comment fodder may follow. Other topics are also fair game.

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At FT.com: “US banks warn Fed interest cut could force them to charge depositors.”

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At the Daily Caller: “Former Secret Service agent Bongino: Holder’s Justice Dept. is a ‘travesty’”

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Globaloney Update:

NOAA: Slow Atlantic hurricane season coming to a close
No major hurricanes formed in the Atlantic basin – first time since 1994

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Cultural decay indicator of the day ABC Begins the Effort to Mainstream Polyamory (“Open Marriages: When Husband and Wife Have Lovers and Date Other People”). Note the “It takes a village to raise a child” quote at the link.

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At Newsmax: “Wife of American Jailed in Iran ‘Devastated’ US Didn’t Demand Release” (related links here and here). Getting a crappy, dangerous, Neville Chamberlain-like deal with Iran out of sheer domestic desperation was obviously so important that the plight of Christian pastor Saeed Abedini wasn’t allowed to get in the way.

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Another reason why Obama’s “you can keep your plan” lie is a lie:

Large employers cite Obamacare ‘Cadillac’ tax in reducing benefits

Aaron Baker, 36, his wife Billie and their two young children are covered under a generous health insurance plan offered by the private Midwestern university where he’s worked for 10 years. When they opened their benefits notice this year, they were pleased to see their $385 premium is only up by four dollars next year. However, they were shocked to discover that instead of covering the first dollar they spend with no deductible, the Baker’s plan now includes a $1,000 deductible and a $2,500 out of pocket maximum. They also will still have small co-pays for services.

According to the enrollment notice, the changes are “to relieve future health plan trend pressure and to put the university in a position to avoid the excise tax that becomes effective in 2018.” The 40 percent excise tax—often called the “Cadillac tax”— is part of Obamacare and is levied on the most generous health plans. It’s designed to bring down overall health costs by making companies and workers more cost-conscious.

Logic dictates that the university’s move will lead to cost consciousness. But trying to claim that going from a first-dollar plan to a high-deductible one means that you still “kept your plan” is hogwash.

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At the Daily Beast (of all places):

Amtrak Is a Tax-Sucking Behemoth That Deserves to Die
The passenger-rail behemoth sucks up more taxpayer dollars than ever, and its ridership gains are merely a blip. Kill it once and for all.

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At the New York Times: “Don’t Dare Call the Health Law ‘Redistribution.’” Even though it is.

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at the Politico Magazine: “The Obamacare ‘Fix’ Is Illegal.” And that matters exactly why? (/sarc)

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1 Comment

  1. The jobless claims were all jacked up this week – an unseasoned 363K turned into a seasoned 316K, while the prior year’s 359K was turned into a seasoned 390K. The books will be cooked the other direction next week as the seasoning flips.

    Prayers to you and yours as your mom was called home by Jesus.

    Comment by steveegg — November 27, 2013 @ 8:39 am

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