Posts Tagged ‘obamacare



06
Oct
14

The American Economy Is Growing? You Can Thank President Obama

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Bloomberg: Corporate U.S. Healthiest In Decades Under Obama With Lower Debt

Steve Wynn, founder of the Wynn Resorts Ltd. (WYNN) casino empire, once called President Barack Obama’s administration “the greatest wet blanket to business and progress and job creation in my lifetime.” Barry Sternlicht, chief executive officer of Starwood Property Trust Inc. (STWD), said Obamacare was driving down wage growth and “affecting spending and the desire to buy houses and everything else.” Corporate and economic statistics almost six years into his administration paint a different picture. Companies in the Standard & Poor’s 500 (SPX) Index are the healthiest in decades, with the lowest net debt to earnings ratio in at least 24 years, $3.59 trillion in cash and marketable securities, and record earnings per share. They are headed this year toward the fastest average monthly job creation since 1999, manufacturing is recovering and the U.S. has returned as an engine for global growth. The recovery, which stands in contrast to weak growth in Europe and Asia, has underpinned an almost threefold gain in the Standard & Poor’s 500 Index since March 2009.

“The U.S. is leading the way — we’re the only major economy with accelerating growth,” said Mark Zandi, chief economist in West Chester, Pennsylvania, for Moody’s Analytics Inc. and a registered Democrat who has advised both the Obama administration and Senator John McCain, a Republican. “Obama deserves some credit for that, but he probably won’t get it.” Barring any major disruptions, the economy is setting up for Obama to leave office on a high note, said Douglas Brinkley, a presidential historian and professor at Rice University in Houston. “History will eventually show that Obama inherited the Great Recession and resuscitated the economy,” Brinkley said in an interview. One example is General Motors Co. (GM), which last week regained its investment-grade debt rating from Standard & Poor’s only five years after the government-backed bankruptcy. Obama’s $49.5 billion bailout of the automaker in exchange for taxpayers owning 61 percent of the company kept it from being liquidated, an outcome that could have crippled parts suppliers and economies throughout most of 50 states, not just the Midwest. In the broader economy, consumers are buying again and homebuilding is increasing. The unemployment rate has declined to 6.1 percent, the lowest since 2008. The economy expanded at a 4.6 percent annualized rate in April through June. Obama’s 2010 health-care program will hold down consumer prices for years to come as millions of Americans obtain coverage, BNP Paribas SA and Credit Suisse Group AG said. The “Medicare cost miracle” resulted at least in part from Obama’s Patient Protection and Affordable Care Act, Nobel-Prize winning economist Paul Krugman wrote in a Sept. 1 New York times article.

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9.26.14

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Steve Benen: Economic Growth Improves To Eight-Year High

The preliminary figures on second-quarter GDP looked good; the revised tally looked better; and the final report looks even better still. The U.S. economy grew at a 4.6% annual pace in the second quarter, matching the best performance since the recession ended in mid-2009. The increase in real gross domestic product was revised up from 4.2%, mainly because of higher exports and business investment, the Commerce Department said Friday. Americans also spent more on health care, but the gain was offset by lower spending on other services. Economists polled by MarketWatch had predicted GDP would be revised up to a seasonally adjusted 4.7%. Consumer spending, the main source of economic activity, was unchanged at 2.5% growth. The biggest gains came in business investment, a good sign for the economy in the months ahead. To provide some additional context, 4.6% growth is tied for the best quarter since the start of the Great Recession.

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03
Oct
14

A Tweet Or Two

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More than 3,000 people have registered to vote in Ferguson, Mo., since the death of Michael Brown — a surge in interest that may mean the city of 21,000 people is ready for a change. Since a white police officer shot the unarmed black 18-year-old on Aug. 9, voter registration booths and cards have popped up alongside protests in the city and surrounding neighborhoods. The result: 4,839 people in St. Louis County have registered to vote since the shooting; 3,287 of them live in Ferguson.

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02
Oct
14

The President’s Day

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President Barack Obama speaks about the economy at the Kellogg School of Management at Northwestern University in Evanston, Ill.

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Text of remarks here

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President Obama addresses the Congressional Hispanic Caucus Institute Awards Gala at the Washington Convention Center

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Text of the President’s remarks here

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29
Sep
14

McAllen, Texas Saved $20M On Healthcare?! Thanks ObamaCare

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NYT: A Health Care Success Story

IT may have been the most influential magazine article of the past decade. In June of 2009, the doctor and writer Atul Gawande published a piece in The New Yorker called “The Cost Conundrum,” which examined why the small border city of McAllen, Tex., was the most expensive place for health care in the United States. The article became mandatory reading in the White House. President Obama convened an Oval Office meeting to discuss its key finding that the high cost of health care in the country was directly tied to a system that rewarded the overuse of care. Five years later, the situation has changed. Where McAllen once illustrated the problem of American health care, the city is now showing us how the problem can be solved, largely because of the Affordable Care Act that Mr. Obama signed into law in 2010.

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The problem was that doctors in McAllen were responding to reimbursement incentives in the American health care system that rewarded activity rather than value. The more procedures and visits a doctor billed, the more he got paid. The Affordable Care Act was designed to change that. One of its provisions created the Medicare Shared Savings Program, which rewards doctors for keeping their patients healthy. Participation in the program requires primary care doctors to create networks, called accountable care organizations, or A.C.O.s, to better coordinate patient care. These networks are reimbursed for delivering high-quality care below a baseline of historical Medicare costs. In 2012, doctors in McAllen formed the Rio Grande Valley Accountable Care Organization Health Providers, and signed up for this experiment. The early results are in, and they are stunning: From April 2012 to the end of 2013, the Rio Grande Valley A.C.O. saved more than $20 million from its Medicare baseline. These changes didn’t just save money; they also improved patients’ health. From 2012 to 2013, the number of patients achieving control of their diabetes rose 11.8 percentage points. The number receiving vaccinations rose 12.2 percentage points.

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27
Sep
14

President Obama And George Clooney: Men Of Character

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Donna

Good Morning TOD

Chips/NW in honor of Mr. Clooney’s wedding today (sigh) I think a thread honoring this beautiful, handsome, charming, intelligent, big time President Obama supporter would be appropriate….

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As you wish, Donna. :)

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NY Mag

George Clooney has never been shy about sharing his thoughts on politics and current events. So yesterday, when we ran into him at a Peggy Siegal lunch for his new space flick Gravity, we asked the liberal-leaning actor for his thoughts about the ongoing government shutdown. He had many — on John Boehner’s grand strategy, on the “idiots” who think we don’t need government, and on Ted Cruz’s reading of Green Eggs and Ham. “People keep talking about how this has to be a great negotiation, but there isn’t any negotiating a law.

We negotiate on all these other topics, but this was put into law, and [Obama] was reelected on it. It was reaffirmed, it was passed through the Supreme Court — it’s a law. You don’t like it? Win an election. That’s how it works. That’s how the country works. But you don’t get to shut down the government because of it. That’s not how it works.” “Shutting down the government is not how you make government work. And anybody who thinks we don’t need it is an idiot.”

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May 11, 2012 – Pete Souza: “After some early morning basketball in Los Angeles, the President talks with the players who included actors Don Cheadle, Tobey Maguire, and George Clooney, along with two of Clooney’s long-time friends. Stacy Keibler is also at right.”

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Vanity Fair

What happens in Vegas . . . doesn’t stay in Vegas when you are George Clooney and get in an argument with a hotel tycoon over President Obama. “There were 9 people at that table. . .So you can ask them. . .Steve likes to go on rants. . .HE called the president an asshole. . . that is a fact. . .I said the President was my longtime friend and then he said ‘your friend is an asshole.’ . . .At that point I told Steve that HE was an asshole and I wasn’t going to sit at his table while he was being such a jackass. And I walked out. There were obviously quite a few more adjectives and adverbs used by both of us. Those are all the facts. It had nothing to do with politics and everything to do with character.”

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Vanity Fair

Steve Wynn and I have met three times, two times for dinner. That is the extent of our knowledge of one another, so I will refrain from trying to categorize him based on the little time we’ve spent together, but I will not let his version of the truth go unchallenged. He now says he didn’t call the president an ‘a——.’ That is false. He bellowed ‘I voted for the a——,’ and then called him the same thing several more times as the dinner came to an abrupt end. Again there were eight people at the table, eight witnesses. I did in turn, call him the same body part, and walked out. Again he can make up whatever story he wants, but these are the facts. He said I drank 16 shots of tequila. I didn’t drink one shot of tequila, not one. We were drinking but it was early and we still had two events to attend.

He said I live in a bubble. More of a bubble than Las Vegas? Honestly? He says I’m ‘molly coddled,’ that I’m surrounded by people who coddle me. I would suggest that Mr. Wynn look to his left and right and find anyone in his sphere that says anything but ‘yes’ to him. Emphatically. I did not attend a private boys’ school, I worked in tobacco fields and in stock rooms, and construction sites. I’ve been broke more of my life than I have been successful, and I understand the meaning of being an employee and how difficult it is to make ends meet. Steve is one of the richest men in the world and he should be congratulated for it, but he needs to take off his red sparkly dinner jacket and roll up his sleeves every once in a while and understand what most of the country is actually dealing with … or at least start with the fact that you can’t make up stories when eight people who are not on your payroll are sitting around you as witnesses.

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Washington Post

Walking through Clooney’s house, Obama glimpsed at the “HOPE” poster from the 2008 campaign by Shepard Fairey and told donors: “People don’t realize that the photograph of me is actually me sitting next to George” at an event when Clooney was advocating on behalf of Darfur. “We struck up a friendship,” Obama said, and then joked, to much laughter: “This is the first time that George Clooney has actually been photo-shopped out of a picture. Never happened before, will never happen again.” Obama said Fairey did a poster for Clooney with both men on the same picture. “Why he said at the bottom ‘Dope and Hope,’ I don’t know.” More laughter. “We raised a lot of money because everybody loves George.

They like me, they love him. And rightfully so. Not only is he an unbelievable actor, but he is one of those rare individuals who is at ease with everybody. He seems to occupy a constant state of grace, and uses his extraordinary talents on behalf of something truly important.” Clooney listened intently to the president throughout, his hands folded as if in prayer and his chin resting on them. And I want to thank Clooney for letting us use his basketball court. This man has been talking smack about his basketball game ever since I’ve known him.”

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At the National Press Club for ‘SAVE DARFUR: Rally to Stop Genocide’, 2006

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Interesting interview. He talks about President Obama at 35:42.

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President Barack Obama jokes with cast members of the movie “The Monuments Men” in the Diplomatic Reception Room, prior to a movie screening in the Family Theater of the White House, Feb. 18, 2014. Standing from left are: Matt Damon and his wife Luciana Damon, Grant Heslov, and George Clooney (Photo by Pete Souza)

26
Sep
14

63% Drop In Uninsured Oregonians?! Thanks ObamaCare

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OHSU: OHSU Study Shows 63 Percent Drop In Uninsured Oregonians

A study released today shows that the number of uninsured Oregonians fell by 63 percent from June 30, 2013 to June 30, 2014. “This first glance at Oregon’s uninsured rates shows that a significant number of Oregonians have benefited from expansions in access to health insurance,” said Peter Graven, Ph.D., health economist with the Center for Health Systems Effectiveness at OHSU and lead author on the study. “Our study found that 95 percent of Oregonians now have health insurance coverage”  the study’s key objective was to estimate the number of uninsured individuals in Oregon as a result of policy changes associated with the Affordable Care Act. The number of uninsured Oregonians in June 2013 was estimated to be approximately 550,000, or 14 percent of the total population. The study found that the number of uninsured individuals in Oregon declined to roughly 202,000 in June 2014, or 5.1 percent of the population.

“Since the beginning of the year, nearly all of the previously uninsured patients we care for at Richmond Clinic have gained health insurance coverage,” said Christina Milano, M.D., assistant professor of family medicine in the OHSU School of Medicine and family medicine physician at the OHSU Richmond Clinic in Southeast Portland. “This makes a huge difference for these patients who previously had to pay out of pocket or work out other payment agreements; it’s a big weight off their shoulders. There’s also a peace of mind that comes with knowing you’re covered if you have a critical illness in the future.” Medicaid eligibility extensions and expanded access to individual health plans through Cover Oregon, Oregon’s health insurance marketplace, drove the substantial increase in the number of insured Oregonians. Most of the newly insured are enrolled in the Oregon Health Plan, Oregon’s Medicaid program, which saw an increase of more than 360,000, or 59 percent. Participation in private non-group health plans saw a 20 percent increase in participation, primarily through Cover Oregon.

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OPB: Number Of Uninsured Oregonians Falls By 63 Percent

The number of Oregonians without health insurance dropped 63 percent in a year, according to a new study by Oregon Health and Science University. In the summer of 2013, more than half a million Oregonians didn’t have health insurance. By this summer — after the state expanded Medicaid and after people were allowed to enroll under the Affordable Care Act — that number dropped to just over 200,000. So in effect, the number of uninsured Oregonians went from 14 percent of the population to five percent.

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