Friday, July 31, 2015

How Matt Bevin can shut down the Kentucky Health Cooperative by himself by the end of 2015

Matt Bevin can and should immediately pledge to take a simple step to eliminate the insolvent Kentucky Health Cooperative before its failed business model hurts any more Kentuckians.

Among many disastrous provisions of ObamaCare was creation of "public option" non-profit cooperatives funded by enormous federal loans to compete with existing health insurance companies on an uneven playing field.

Federal regulation 45 CFR 156.520(a)(2) made clear that the intent of the "Affordable Care Act" was to work around state laws to rig up ways to help cooperatives avoid solvency requirements and show these federal loans as assets rather than what they obviously are -- liabilities. Kentucky's Insurance Code, long a porous mess for big-government activist regulators, gives an Insurance Commissioner extremely wide latitude in deeming an insurance company's liabilities as assets, consumers be damned.

If elected Governor, Bevin gets to appoint an Insurance Commissioner. His appointee could then deem Kentucky Health Cooperative's loans as liabilities and order the insolvent insurer to shut down immediately to protect consumers. Continuing to prop up the law with illegitimate executive orders and regulations serves only to delay real reform.

This is a great election issue because it exposes another ObamaCare fraud and puts Jack Conway in the position of assisting his political pals in defrauding consumers or angering his left-wing base.

Thursday, July 30, 2015

Audit: Kentucky Health Co-op worst in America

The Kentucky Health Cooperative lost more money -- $50.4 million -- in 2014 than any other ObamaCare-created "public-option" non-profit health insurer in the nation, according to a new federal audit.

"Frankfort's corruption and incompetence is on full display in the Kentucky Health Cooperative and it should be shut down immediately," said leading ObamaCare opponent David Adams. "It's as simple as making them understand the taxpayer money flow they have run on the last two years is all gone for this experiment in socialized medicine."

Tuesday, July 21, 2015

Don't believe Beshear's budget baloney

Gov. Steve Beshear announced today an $82.5 million budget surplus for the fiscal year ended June 30, but don't expect our bankers or credit rating agencies to show any signs of believing him. They have been down this road before.

"This announcement is for the benefit of the rubes at the Associated Press and anyone else who needs to believe Obamanomics is doing something other than bankrupting us," said tea party activist David Adams. "Frankfort will put out required financial documents to the state's creditors at Christmas time and it will show our annual budget situation hundreds of millions of dollars worse than today's announcement without, they hope, getting found out before the elections."

Monday, July 20, 2015

Beshear silence on military gun ban reflects administration's -- and son's -- "brain-free zone"

Kentucky should have been one of the first states to end the heinous practice of protecting soldiers on American military bases with little printed signs forbidding anyone to carry a firearm. Governor Steve Beshear's failure to take any such action in the wake of last Thursday's deadly terrorist attack on military personnel in Chattanooga speaks volumes about his allegiance to national Anti-Second Amendment zealots.

And it speaks volumes about his son, Andy Beshear, who wants to ride his father's coattails into office as Kentucky's next Attorney General. So far six states with Republican governors have taken steps to eliminate military "gun-free zones" in their states and many more are sure to follow, keeping the issue alive through the November election.

As the rest of the nation wakes up to the stupidity of pretending to care about safety by banning guns, this will be a great issue for showing definitively that Andy Beshear isn't one of us. And the time for changing course on this with any shred of credibility has passed.

Friday, July 17, 2015

CN2 misleads on Kentucky ObamaCare

Time Warner cable's news program CN2 reported on Kentucky's ObamaCare debacle Wednesday of this week in a fashion that is not entirely accurate and may leave their viewers with a false view of the legal status of federal healthcare reform in the Commonwealth.

In reporting on an interim committee hearing of Gov. Steve Beshear's fourth executive order in as many years attempting to create the "Kynect" ObamaCare exchange in Kentucky, CN2 claimed incorrectly and without attributing their conclusion to anyone that a party line committee vote gave Beshear's action some legal status.

"The debate preceded an 11-11 party-line vote to approve this year’s version of Gov. Steve Beshear’s executive order establishing kynect," reporter Kevin Wheatley wrote. "The tie vote allows the order to remain in effect."

In fact, the vote has no impact on the status of the order, which will certainly fail in the 2016 General Assembly just as the three prior orders have. According to KRS 12.028(4), an interim committee "shall review and report" on a temporary reorganization executive order but its power ends there. Indeed, the statute specifies "(i)f the committee does not report on a proposed plan within the time specified in this subsection, the plan shall be considered reviewed." That means Beshear's executive order would hold the exact same position in state law if no vote had been held at all.

The vote that matters comes before April 15 of next year, if at all. CN2 owes its readers and/or viewers an apology for its sloppy reporting. The legal effort bring a decisive halt to the illegitimate Beshear effort to usurp legislative authority in this way continues.

Thursday, July 16, 2015

Associated Press fakes KY budget "surplus"

One week ago, when the Gov. Steve Beshear administration announced record state government tax and fee income "revenues," Budget Director Jane Driskell made clear that only half of the ledger had been revealed: "We have now closed the books on revenues and will close the books on the expenditure side later this month. The determination of the budget surplus will be made at that time."

But that didn't stop the overeager cheerleaders at the Associated Press from immediately gushing about a "surplus."

"Kentucky taxpayers got good news and bad news on Friday on the state's budget," the AP reported.

"The good news is the state finished the fiscal year with a $165.4 million surplus in the general fund. But the bad news is the state's road fund has a $20 million shortfall."

The Associated Press has gotten so comfortable carrying water for a failed Beshear administration they've even tossed aside the most basic accounting calculation without prompting. A surplus or deficit is determined by subtracting expenditures from revenues, not revenues from expected revenues. We should have a little more accurate picture of Frankfort's finances when the expenditure total is made public any day now and then far more accuracy in late December when the Comprehensive Annual Financial Report is published.

Monday, July 13, 2015

Merge this: Kentucky Humana ObamaCare plans' 25.8% increase coming in January

Frankfort Obamacrats have approved another enormous health insurance rate increase for 2016, with Humana's rate hike topping out at 25.8%. That's on top of previous increases from Anthem (29.4%) and Kentucky Health Cooperative (30.9%), according to the federal Centers for Medicare and Medicaid Services.

"Socialism and Fascism got us into this mess and only Capitalism will get us out," said ObamaCare opponent David Adams. "I'd gladly challenge any elected or appointed state official or newspaper columnist with a paid subscriber base of at least 20,000 to publicly debate this point, but we all know they are too afraid to do it."

Thursday, July 09, 2015

More Kentucky ObamaCare failure confirmed

The Kentucky Health Cooperative's individual ObamaCare health plans have been approved this week for all the massive rate increases they requested earlier this year, according to the Kentucky Department of Insurance.

"This has been a bad week for victims of Kentucky ObamaCare hoping they wouldn't really get up to a 30 percent rate hike on their health insurance," said ObamaCare opponent David Adams. "Governor Beshear owes us all an apology for feeding us this garbage."

Tuesday, July 07, 2015

Frankfort Obamacrats quietly grant Anthem 29.4% rate increase for 2016 in Kentucky

The hits keep coming against Kentucky consumers with approval of Anthem ObamaCare health insurance 2016 premiums in the state topping out at 29.4% more than in 2015. The Kentucky Department of Insurance reported Anthem's rate increases were approved as requested late yesterday.

"This is the death spiral everyone has seen coming; it's Economics 101," said ObamaCare opponent David Adams. "The U.S. Supreme Court's mental backflips on the 'Affordable Care Act' have given aid and comfort only to people who make their living raping American consumers. They are making a pretty strong case for bringing back public flogging."

Monday, July 06, 2015

Obamacrat rubber-stamping yields a surprise

Kentucky's 2016 ObamaCare premiums are starting to get federal approval this week and while the big talk about regulators negotiating rates down for consumers has proven again and again to be hot air, the winds of change appear to have blown in something else: actual stealth tax increases.

An entry on Obama's "Healthcare.gov" site this morning approving a Kentucky Health Cooperative Platinum plan rate increase request of 19.99% includes the following shocking sentence under the heading "Insurer's Rate Increase Justification": "The increase in overall rates is based on higher than expected enrollment in plans, unexpectedly high claims experience, and an increase in administrative costs including increased federal and state taxes, GAP assessments and reinsurance." (emphasis added)

When, exactly, did we approve these increased taxes in 2015 to impact 2016 ObamaCare?