Insider

Africa Studio/Shutterstock

Off The Cuff: Our Out-Of-Control Cost Of Living

Health insurance for Chris' family went up 61%(!) this year
Thursday, January 12, 2017, 10:14 PM
Enroll NowFor enrolled members only. Enroll or Sign in to read the full article.

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • The Runaway Cost Of Health Care
    • The premium for Chris' family went up 61%(!) this year
  • A Failure Of Intelligence
    • The lack of substance underlying the latest smear campaign
  • Fake News
    • When everyone is covered in mud, whom can you trust?
  • What To Expect As The Presidential Torch Gets Passed
    • How Trump's strategy is likely to depart from Obama's

Well, there's a lot of red meat tossed around in this latest podcast. There's something in it for nearly everyone to find righteous outrage with.

It begins with Chris railing about the year-over-year 61% increase just slapped onto his family's basic insurance plan. The ACA has quickly turned into a racketeering operation in many states like Massachusetts, where Chris lives. Mish joins in on the harsh criticism of the current system:

For some instances of some people, forty percent of their income going to health insurance.

And then look at the millennials. I mean, they've just decided to opt out. And who can blame them? They're not making enough money, but they just decided well, I’d rather keep it all. And they’ve decided that they will just rather pay the penalty if they get caught. But if they get sick, then they’ll join on the spot and get coverage. That’s the game everyone's being forced to play.

And nowhere along the line, as we’ve discussed many times, is there any impetus to control costs. And not only are there not any controls, there was nothing written into the legislation. And meanwhile, they call it the "Affordable" Care Act. As with any act of government, it has the exact opposite effect of its title. 

From there, Chris and Mish tackle the recent intelligence debacle where our government and media are trumpeting "findings" that are backed by zero evidence and unverifiable innuendo. When all sides look incompetent, where do you turn for trustworthy information?

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

 

Enroll Now
Or Sign In with your enrolled account.
Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »

 

Related content

9 Comments on Off The Cuff: Our Out-Of-Control Cost Of Living

Enroll now or Sign In to read all member comments.