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Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

cj, Great post. The Colorado Senator Bennett recently wants to expand the unemployment and healthcare (i.e. Cobra) to December. I am not opposed to this but do you believe they will sneak something as obnoxious as yous stated in your post in this proposal? If so, will the Tea Party or some other organization try to inform the entire population as they place these (baby steps) into legislation? Any want to answer? Please let me know what you think. Thanks. http://community.k dvr.com/_Bailout-R etort-01-31-2009/b log/482599/96399.h tml Look at all tghe feathered comments ;>)  (Jan 24, 2010 | post #43)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

Will the healthcare issue go away now that the people of Massachusettes have spoken?  (Jan 22, 2010 | post #41)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

Raysmom thanks for your post. I agree with you. I only hope that the fillibuster can hold up. Unfortunately, everything that has been battered around on the ping pong table is bad for the super majority (greater than 2/3) of the U. S. Citizens. One can only HOPE that this effort fails and they take it step by step starting with a change in the litigation arena and slowing down the trial lawyers. I am thankful for the small shift in Senate Demographics because of Mass. but there is a long way to go before the California/Nevada economic ideals and the Illinois style politics become a thing of the past (if it doesn't continue). Unfortunately, a continuation of these economics and politics will be very destructive for the American ideal and the U. S. future.  (Jan 19, 2010 | post #40)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

Is this link http://www.politic o.com/news/stories /0110/31180.html a confirmation of my previous statement I guess the new "Pelosi Democrats" believe that they only have to tell the people they will represent them and then not represent them while they are in office, but rather create a program that allows them to control their constituents lives and supply their basic needs (so they never rise above these into Maslow's higher attainments)...? Also see http://news.yahoo. com/s/ynews/201001 07/ts_ynews/ynews_ ts1049 Nancy Pelosi does it over and over again. See the feather blogs at http://community.k dvr.com/_I-Believe -10-1-2008/blog/48 2597/96399.html  (Jan 11, 2010 | post #36)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

Simpleman, I have single coverage but it surely gets expensive quickly and if it multiplies by 4 for a family that is destructive to the middle and upper middle class (somehow reminds me of Olivia Newton John's song "Don't Cry for me Argentina" later repopularized by Madonna Ciccone. Today, I understand, Obama wants to tax the health insurance companies (what the HMO's?) to get into more middle class and even lower middle class pockets so that it is too expensive to have health insurance unless you have a governement plan - everything I have heard about a government plan that is being tauted by the Bolsheviks (majority party) seems to be destructive to everyone's natural rights and our liberty. So much like from each according to his ability (until he realizes it is better not to show his abilities) to each according to his need (and realizes it is better to be needy) I guess the new "Pelosi Democrats" believe that they only have to tell the people they will represent them and then not represent them while they are in office, but rather create a program that allows them to control their constituents lives and supply their basic needs (so they never rise above these into Maslow's higher attainments). This way the constituents will fear everything and everybody in office, and probably a lot of the people around them. Eventually, I believe the Pelosi democrats mentality goes, the Americans will vote for the one they have and know is dishonest with their constituents rather than the candidate they don't know and is PROBABLY dishonest with their constituents. It is called entrenchment based on giving entitlement to the disenfranchised and using base human nature to control the populace. It then becomes better for the constituent to be disenfranchised rather than engaged and we start rolling to the "Eastern European" philosophy and lifestyle rather quickly. hmmm....  (Jan 6, 2010 | post #35)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

Eleven dollars a day is 77 dollars a week if it includes weekends which is $4015 a year. If the calculation is only working days then it is $55 a week $2,860 a year. Goodness gracious that is a lot more than I am paying now to support those who either want free health insurance because they have decided they don't really need it and want to use their money for something else or because they think that the government teets provide milk and honey instead of $500 toilet seats. For more JTPaul Blogs go to http://community.k dvr.com/_I-Believe -10-1-2008/blog/48 2597/96399.html and look on the right hand side of the page with eagle feathers.  (Jan 5, 2010 | post #32)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

I find that as more and more information comes out it is about a Congress that has decided it needs to own or at least heavily contro; 7% of our economy on order to better control the US populace. It is fascinating how much Nancy Pelosi's policies mirror California's failed economics and it makes me think that perhaps Ayn Rand was prescient in her book Atlas Shrugged.  (Jan 3, 2010 | post #27)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

cJ Thanks for your post. George is one of the people who should probably be looked at more closely, but the ideology is far more widespread than this one man. Unfortunately, entire nations leadership have supported facism, communism, or some other form of government tyranny in the last century (and it goes back far longer than that - probably since man left what Hobbes/Locke/Rouss ea called the "State of Nature"). Unfortunately, the people who are "governed " oftentimes don't see the consequences of their governments actions until it is too late. Let us just hope that the U.S. citizens take their responsibility seriously enough to make this "200+ year old experiment" continue and halt our representatives when they decide to take our liberties, rights and responsibilities away from us and our represenatives become czars or directors and act like group of people who say "do what I say not what I do".  (Nov 15, 2009 | post #26)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

"tortminder " This "health care reform" comes as a surprise? The wheeling and dealing has been going on since the election, this is the 'centerpiece" of Obama's legislative agenda... and it passes by a skin-thin margin. Remember, this is just step number one...QUOTE What a great response. Thank you. I must agree in every aspect. The real problem comes as it did in England with the changes in the "direction " of our politicians and how they control all aspects of the market, how they can control population growth by determining what kind of people get care, how they can control the flow of money (they have already done it to the banks and Auto industry), it is strating to sound a lot like the 1950's and 1960's Russia that the U.S. at the time vowed never to become. Perhaps this philosophy comes from Hungary where the Dem's received a lot of their financial support the last few years?  (Nov 11, 2009 | post #24)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

Liftstaion thank you for your post. Unfortunately the House of Representatives passed a bill that is certainly a long way from representing their constituents, us citizens. It passed by five votes. This bill in line with the Californization (see their economy) of our U.S. economy, the same economic ideas that led to what some say is the biggest recession since the Great Depression. I only hope that eventually wisdom and foresight prevail. Lo, though, I fear that our nations interests don't matter as much as our Congress' agenda.  (Nov 7, 2009 | post #20)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

CJ,In response to your thoughts that these are unrelated I would say "follow the money". These securities make money when you shorten the lifespan of the people they represent. The bet here, I believe, is that the health care will pass and the life span of our population will decrease in such a proportion that the actuary tables are no longer accurate. Please note that one of the biggest "idea makers" here is the Swiss Bank that those in favor of the healthcare plan proport to be such a great plan. Heck, they must no the effect they live in a system that takes care of the "peoples needs". I would also suggest looking at the problems of government healthcare in England and Canada. Or perhaps we can look right here at home with Medicare and Medicaid. Thanks for your post. Thaks for your response. My response to the bottom being about securitization. I would say "follow the money". It seems that in order to make money on these securitizations is to shorten the life  (Nov 3, 2009 | post #17)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

I want to apologize here, for being misleading, after some comments I received I found the following comment not to be truthful: (A side note here Ed Perlmutter is a Congressman and probably won’t have to live in the same system he creates. Much like he doesn’t have to worry about getting paid if Social Security goes bankrupt.) Though Ed is a member of Congress. All Congress, puts their fair share into social security, so they do get this benefit. They also get a special benefit under the "governement pension plan" they (and all federal employees put into) called FERS (I believe). Congress and their aids, because no one knows how long they will be re-elected, get an expedited time within which to qualify for this benefit. The amount they get in return is determined by the amount they put in and the formula FERS uses. Most in Congress won't have to live under the Health care public option they create for a number of reasons, including their wealthand prestige. I dpersonally believe that Mr. Perlmutter's plug for the health care plan is NOT because of his child (his child should be cared for and and I am sure loved by his family - oh by the way I support the C. A. R. E. S. act) but because of other special interests that Ed has in getting control of OUR health care. Unfortunately, I believe Ed uses his child's plight as a way to promote his own special interest (Machiavellian v Tocquevillian). I believe his special interest at this time is contrary to the best interest of his constituents. I want to thank those who corrected me here.  (Nov 2, 2009 | post #13)

Fox 31 KDVR

Healthcare – Is it about the Money, the People, or Govern...

Standard & Poor's, which rated a similar deal called Dignity Partners in the 1990s, declined to comment on its plans. Moody's said it has been approached by financial firms interested in securitizing life settlements, but has not yet seen a portfolio of policies that meets its standards. Investor Appetite Despite the mortgage debacle, investors like Andrew Terrell are intrigued. Mr. Terrell was the co-head of Bear Stearns's longevity and mortality desk -- which traded unrated portfolios of life settlements -- and later worked at Goldman Sachs's Institutional Life Companies, a venture that was introducing a trading platform for life settlements. He thinks securitized life policies have big potential, explaining that investors who want to spread their risks are constantly looking for new investments that do not move in tandem with their other investments. ''It's an interesting asset class because it's less correlated to the rest of the market than other asset classes,'' Mr. Terrell said. Some academics who have studied life settlement securitization agree it is a good idea. One difference, they concur, is that death is not correlated to the rise and fall of stocks. ''These assets do not have risks that are difficult to estimate and they are not, for the most part, exposed to broader economic risks,'' said Joshua Coval, a professor of finance at the Harvard Business School. ''By pooling and tranching, you are not amplifying systemic risks in the underlying assets.'' The insurance industry is girding for a fight. ''Just as all mortgage providers have been tarred by subprime mortgages, so too is the concern that all life insurance companies would be tarred with the brush of subprime life insurance settlements,'' said Michael Lovendusky, vice president and associate general counsel of the American Council of Life Insurers, a trade group that represents life insurance companies. And the industry may find allies in government. Among those expressing concern about life settlements at the Senate committee hearing in April were insurance regulators from Florida and Illinois, who argued that regulation was inadequate. ''The securitization of life settlements adds another element of possible risk to an industry that is already in need of enhanced regulations, more transparency and consumer safeguards,'' said Senator Herb Kohl, the Democrat from Wisconsin who is chairman of the Special Committee on Aging. DBRS agrees on the need to be careful. ''We want this market to flourish in a safe way,'' Ms. Tillwitz said. PHOTOS: RATING THE NEW PRODUCTS: Jan Buckler and Kathleen Tillwitz of DBRS, which is reviewing proposals for lifeinsurance securitizations.(P HOTOGRAPH BY MICHAEL APPLETON FOR THE NEW YORK TIMES)(pg. A24) CHARTS: Looking to Profit From Life Insurance: Elderly and ill people with whole or universal life insurance policies can sometimes sell those policies back to insurance companies for cash, but tend not to get very much. Now Wall Street hopes to make big profits by buying those policies.; SECURITIZATION . . : A bank takes a large group of purchased policies and puts them together, a process called securitization, and sells them to investors. One of the ways the bank cuts risk is to combine policies from people with differing life expectancies and a variety of diseases.; Previous Boom and Bust: The market for mortgage securities has shrunk to less than a fifth of its peak size.(Source: Dealogic)(pg. A24)  (Nov 1, 2009 | post #9)