Tag Archives: Affordable Care Act

  • Blog
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    Are You Infuriated Yet?

    You should be. I certainly am...
    by Chris Martenson

    Saturday, October 21, 2017, 12:27 AM


    Both the pension and health care crises are infuriating and self-inflicted wounds.

    We could have avoided them by making wiser choices in the past. We didn’t. We could limit their damage by making better choices today. We almost assuredly won’t.

    Anybody who studies the system and its math comes to the same conclusion: the corporations have all the power and they are misusing it for private gain.

    An easy prediction to make is that this simmering anger of the populace is going to start boiling over more violently in the coming years. Welcome to the Age of Fury.

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

    Health insurance for Chris' family went up 61%(!) this year
    by Adam Taggart

    Friday, January 13, 2017, 2:14 AM


    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.

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  • Blog

    The Disenchantment of American Politics

    And the coming uproar
    by JHK

    Wednesday, January 8, 2014, 4:34 PM


    Considering the problems we face as a nation, the torpor and lassitude of current politics in America seems like a kind of offense against history. What other people have allowed circumstances to run over them like so many ‘possums sleeping on the highway?

    And, since human affairs don’t remain static indefinitely, in what direction might things go when the political mood finally heaves and shifts? The possibilities are unsettling.

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  • Blog

    2013 Year in Review

    Austerity is not a policy
    by David Collum

    Friday, December 20, 2013, 5:36 PM


    Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. Moreover, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full.

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  • Insider
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    Off the Cuff: Red Sky at Morning

    Investors take warning
    by Adam Taggart

    Thursday, February 28, 2013, 10:28 PM


    In this week's Off the Cuff podcast, Chris and Adam discuss:

    • Rough Seas Ahead
      • Chris issues a rare warning for a 40%+ correction in the stock market
    • Happy Sequester!
      • What will its impact be?
    • The Japan Mess
      • Looking more & more like it will be the first major country/currency to fail
    • The "Affordable" Care Act
      • A misnomer if there ever was one
    • The Barnburner at Rowe
      • This year's seminar is shaping up to be one for the ages
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