Best of the Blogs: How Much Does Obamacare Really Cost?
Minyanville's daily roundup of some of the best financial commentary from around the Web.
The Fact Checker
Link: 'Obamacare:' Twice as much as estimated?
"When the same years are put side by side, you will see there are only slight differences in the estimates, mainly for technical reasons. For instance, in 2016, the original estimate showed gross costs of $161 billion; now it's $175 billion. That's a virtually rounding error in the federal government. The CBO even suggests that the "net cost" estimates (adding in items such as mandate fines) have declined slightly; its original estimate was $788 billion." (Also read Insurers Aren't Scared of Obamacare Slowing Medicare Profits)
Link: Case Shiller Finds Home Prices Declined For 9th Consecutive Month In January
"Despite January being the first of 3 record warm winter months, which saw virtually all other economic indicators boosted on the heels of 'April in February', today's incomplete Case Shiller data (Charlotte, NA was missing), indicated that in the first month of the year, prices across the top 20 MSAs dropped once again, posting a 9th consecutive decline, declining by 0.04% to 136.60. The Seasonally Adjusted print brings the average home price to December 2002 levels. And just to avoid Seasonal Adjustment confusion which courtesy of a record warm winter is all the rage, the NSA data showed a -0.84% drop in January." (Also read The Trouble with Case Shiller)
All Things D
Link: HuffPo Co-Founder Ken Lerer's Stealthy Start-Up Aims at CNN, Fox
"The Huffington Post co-founder, who sold his site to AOL a year ago, is working on another Web news start-up. But Lerer isn't trying to replicate his old site. Instead, he's trying to create a digital video news operation built to attract a generation of Web natives who watch Jon Stewart but not CNN or Fox News."
Link: Not-So-Dumb Consumers Shun OCC's Bogus Foreclosure Reviews
"John Walsh, the acting director of the
Link: Bill Gross on Risk Seeking Return and Safe Carry
"Commodities and real assets become ascendant, certainly in relative terms, as we by necessity delever or lever less. As well, financial assets cannot be elevated by zero based interest rate or other tried but now tired policy maneuvers that bring future wealth forward. Current prices in other words have squeezed all of the risk and interest rate premiums from future cash flows, and now financial markets are left with real growth, which itself experiences a slower new normal because of less financial leverage."
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