So because your premiums went up, ACA isn't working? Do you not realize your premiums were going up pre-ACA? As I showed you with actual data, costs are going up slower for the past 15 years than they were before. ACA was never meant to fix the entire healthcare system - it was meant to bend the cost curve and improve it. And it did. Tens of millions of extra Americans have health insurance. Overall, everyone is paying less than they would have otherise. People are getting way more free preventive care today which will pay huge dividends down the line. The fact that there's still more to be done doesn't mean ACA doesn't work. And your anecdotal nonsesnse is irrelevant when we have 15 years' worth of comprehensive data to rely on. The fact that you'd think your one data point overrides millions of others is a disturbing insight into how your mind processes information.
You went all-in as this was the best deal on the table. The cost curve is at the sacrifice of quality health care Free preventative care equals one free visit to primary care. BFD. Saved me $75.00 OOP. Complete game changer. Earth shattering! Millions have free or very low cost health care at the expense of the middle class. What you completely fail to understand is that this makes it much more difficult for low income earners to start cracking into middle class. Keep them poor by giving them everything for free. You will own nothing and be happy. As I said to you a decade ago, ACA ensured we will not see any meaningful changes in the healthcare system for a 2 to 3 decades. The bloated bureaucracy that you supported has zero incentive to be more efficient.
Oh.... so the GOP actually tried to make ACA work? Why would the GOP not fund high risk pools? Expand Medicaid? Stuff.... that was part of ACA? It's almost like conservatives sabotaged it so they can say "see".
Majority of ACA plans are actually profitable for the major insurers after the expanded ACA subsidies from biden....im not sure how 40 million people having affordable insurance is somehow a burden to the middle class when the insurance companies are making a profit on the plans? Before they were in the red but now that biden has expanded the scope of subsidies and capped premiums alot more people have signed up which has helped with costs... Where I am in Northern Indiana ACA is saving lives every day from the expanded subsidies. Alot of boomers 55-60 year olds can get free health insurance before they hit medicare which allows them to retire early.
don't think you understnd what infinite means. just the facts, since the financial crisis in 08/09, the Fed has implement QE 4 times. the last time it had QE was 2020, at the beginning of the Pandemic but since late 2021, the Fed has either QT or pause,
Adoo needs to learn to take joyrides with his new car to burn off some steam. Maybe drag race it on the strip against folks who make good TSLA calls.
34T includes important things, waste, inefficiencies, and absolute boondoggles (war on terror). Eisman knows interest rates are fluid and the indicators are pointing toward lower interest rates in the future. Not to mention there are some tailwinds like good demographics for a developed country, regionalization/onshoring, and energy (both petro based and green). Of course, but lets not be unreasonable and think "every cent" will ever be accountable for..... that's just absurd. I certainly won't argue that we spent too much money on Covid stimulus through 2 different administrations, but I absolutely think that the response needed a very large fiscal response and not repeat the austerity mistake of post 2008. I also like our new industrial policy, which will certainly have it's waste, fraud, and inefficiencies problem but is important for US strategic interest. I think it's safe to say the War on Terror/ Iraq was a colossal waste and China, Russia, Iran, and NK are worth spending defense money on. I think it's reasonable to ask if we need such a large army of trigger pullers when we have soldiers in both the army and the marine. I'm just stating there's a very effective lever to pull which we haven't. I don't think it's a structural issue so much just an issue with leadership.... but perhaps they are the same.
Not surprised you would be rooting against good news on the jobs front, but seems you are making a good argument for an increase in the minimum wage?
Those workers do not make minimum wage and you know this. Only partisans would think an increase in low earning jobs and a decrease in high income jobs is 'good news'. Socialist only want to make everyone around them just as miserable as they are.
Which party is fighting against raising the minimum wage? And perhaps you missed the improvement in average salary also reported in the same jobs report. But yea... I am the partisan wanting people to have low wages and to "be miserable as they are." Just admit it... your only reason for posting is to downplay the job news, strictly partisan reason.
Where is this data, and for what period? Is it from that ZeroHedge tweet you shared? You should know ZeroHedge media bias rating: Overall, we rate ZeroHedge an extreme right-biased conspiracy website based on the promotion of false/misleading/debunked information that routinely denigrates the left. The overall dec job report indicates ongoing job growth, slightly stronger than expected, in a few sectors and notable wage growth (the Fed might consider pausing rate cuts due to the fear of inflationary pressure stemming from higher than expected wages). It's almost all good news except, if you are in the market, the possibility of a delay in rate cut. https://www.bls.gov/ The number of persons employed part time for economic reasons, at 4.2 million, changed little in December. Total nonfarm payroll employment increased by 216,000 in December. Employment continued to trend up in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. Payroll employment rose by 2.7 million in 2023 (an average monthly gain of 225,000) Government employment increased by 52,000 in December. Employment continued to trend up in local government (+37,000) and federal government (+7,000). Government added an average of 56,000 jobs per month in 2023, more than double the average monthly gain of 23,000 in 2022. In December, health care added 38,000 jobs. Employment continued to trend up in ambulatory health care services (+19,000) and hospitals (+15,000). Job growth in health care averaged 55,000 per month in 2023, compared with the 2022 average monthly gain of 46,000. Employment in social assistance rose by 21,000 in December, mostly in individual and family services (+17,000). Social assistance employment rose by an average of 22,000 per month in 2023, little different than the average increase of 19,000 per month in 2022. In December, construction employment continued to trend up (+17,000). Employment in nonresidential building construction increased by 8,000. Construction added an average of 16,000 jobs per month in 2023, little different than the 2022 average monthly gain of 22,000. Employment in transportation and warehousing declined by 23,000 in December. Couriers and messengers lost 32,000 jobs, while air transportation added 4,000 jobs. Since reaching a peak in October 2022, employment in transportation and warehousing has decreased by 100,000. Employment in leisure and hospitality changed little in December (+40,000). The industry added an average of 39,000 jobs per month in 2023, less than half the average gain of 88,000 jobs per month in 2022. Employment in the industry is below its pre-pandemic February 2020 level by 163,000, or 1.0 percent. Retail trade employment changed little in December (+17,000). Over the month, employment increased in warehouse clubs, supercenters, and other general merchandise retailers (+14,000); building material and garden equipment and supplies dealers (+8,000); and automotive parts, accessories, and tire retailers (+4,000). These job gains were partially offset by a job loss in department stores (-13,000). Retail trade employment has shown little change, on net, since recovering in early 2022 from pandemic-related losses. In December, employment in professional and business services changed little (+13,000). Employment in professional, scientific, and technical services continued to trend up (+25,000); this industry added an average of 22,000 jobs per month in 2023, about half the average monthly gain of 41,000 in 2022. In December, employment in temporary help services continued its downward trend (-33,000) and has fallen by 346,000 since reaching a peak in March 2022. Overall, employment in professional and business services changed little in 2023. Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; information; financial activities; and other services. In December, average hourly earnings for all employees on private nonfarm payrolls rose by 15 cents, or 0.4 percent, to $34.27. Over the past 12 months, average hourly earnings have increased by 4.1 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents, or 0.3 percent, to $29.42. (See tables B-3 and B-8.)
What, zerohedge is extreme right wing conspiracy web site that is helping spread russian disinformation? Say it ain't so, Joe! I am sure glad I am not posting stuff from that bad place. Heck, they would think I am a maga supporter...
