Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Best of the Blogs: How Much Does Obamacare Really Cost?

By

Minyanville's daily roundup of some of the best financial commentary from around the Web.

PrintPRINT
This column highlights the most interesting and useful business and financial commentary from around the Web each day. Feel free to send along your own suggestions for blog content that you've read or written.

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)

Zero Hedge
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."

Naked Capitalism
Link: Not-So-Dumb Consumers Shun OCC's Bogus Foreclosure Reviews

"John Walsh, the acting director of the Office of the Comptroller of the Currency, gave a speech today at the National Interagency Community Reinvestment Conference that had so many whoppers in it that it was hard to keep track of them all. But it also contained an important bit of information that suggested that homeowners aren't buying the bank-friendly OCC's pretense to be on their side."

Credit Writedowns
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."


Twitter: @Minyanville

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE