Matt Bevin should not let this one go another week.
"When the Kentucky Health Cooperative dissolves -- and no one seriously expects that to be an 'if' anymore -- real people are going to be hurt because of unpaid claims," said Kentucky Progress publisher David Adams. "Jack Conway and Steve Beshear want to keep the truth hidden from their victims until after the election. The perpetrators of this sham rest easy at night expecting Matt Bevin to quietly let it go."
The data comes from a national survey of 68,000 households, performed by an agency of the federal government asking people if they are breaking the law or not by failing to keep health insurance during 2014. The decrease in the uninsured rate for 2014 is reported as 2.9% nationally and 5.8% for Kentucky.
"In America now you get hit with huge fines if you don't buy a larded up version of what used to be health insurance or take your chances with Medicaid," said Kentucky Progress publisher David Adams. "You can't expect meaningful data collection from a government entity asking people if they are doing something illegal or not. Besides, the number that matters isn't some statistically massaged estimate of how many people bought this coverage; it's the costs that matter and they are skyrocketing."
There are no discounts in ObamaCare. The federal law mandating a slew of unnecessary health coverages funded with tax increases and made worse with multiplying regulations necessitates widespread subsidization to cover over even a part of the massive cost hikes wrought by ObamaCare. And the idea ObamaCare has anything to do with better coverage would be hilarious, but it just isn't anymore.
"Jack Conway's complicity in the ObamaCare debacle when his job requires him to protect consumers disqualifies him from public office of any kind," said Kentucky Progress publisher David Adams. "Consumers have much better coverage options at truly discounted prices from available health sharing ministries. For more than that, we need to elect politicians who understand ObamaCare must go. Jack Conway cannot be relied upon to make that connection."
State Rep. Diane St. Onge pre-filed HB 35 yesterday, which would nullify federal attempts to violate gun rights of Kentuckians, which sounds good. The bill also seeks, though, to prohibit illegal aliens and dishonorably discharged members of the military from arming themselves, which violates Second Amendment rights.
The ability of government to attempt to disarm anyone based on immigration status may be an issue in front of the U.S. Supreme Court soon, but think about it: The Second Amendment protects the rights of "the people" and the Kentucky Constitution protects the rights of "all men" to bear arms. St. Onge's bill may not be intended this way, but it looks like and could serve as a back door attempt to ban guns and harass people.
Are we going to force everyone with a gun to produce immigration papers on the spot? If we can ban guns for illegal aliens, why not ban guns for high school drop outs and then roll on to other out-of-favor groups?
The legislature simply doesn't have the right to do this. Amend the bill, Rep. St. Onge.
Debby Yetter's "More Kentuckians getting insurance under ACA" uses numbers that contradict her paper's headline and underscore the value of seeking alternative viewpoints to balance journalistic writing.
Yetter claims 9.8% of Kentuckians remain uninsured and "nearly 400,000" were added to Medicaid under its expansion. According to U.S. Census Bureau statistics, that means 432,518 Kentuckians remain uninsured, even though doing so is against the law. Before ObamaCare, Gov. Beshear claimed repeatedly there were 640,000 uninsured Kentuckians and his own Department of Insurance confirmed 280,000 Kentuckians were forced out of their insurance policies and "transitioned" to new plans at double the cost.
So even if you assume all 280,000 "if you like it, you can keep it" victims got insurance for what it would have previously cost to insure 560,000 of us -- they didn't -- then by their own numbers we have gone through this whole mess of higher taxes, much higher insurance premiums and substantial illegal activity by elected officials just to force 207,482 more Kentuckians into absurdly expensive "health insurance" for which we could have insured 400,000 without ObamaCare.
The numbers simply don't add up to a success for anyone other than politicians hoping no one looks beyond the spin.
"These numbers make clear the biggest unanswered question in ObamaCare is shouldn't we remove ObamaCare from insurance and just buy policies for the poorest people since we know we could do that much cheaper," said Kentucky Progress publisher David Adams. "Every day with these people makes the case for getting government out of healthcare that much stronger."
"The Kentucky plan lost $50 million last year, more than any other insurance co-op," the article states, "as it paid out $1.25 in claims for every dollar it collected in premiums."
As sloppy journalism seems to be the order of the day with regard to mainstream coverage of ObamaCare, no source for these data points is provided. While the $50.4 million loss of 2014 has been well-documented, the $1.25 claims/premiums ratio contradicts the co-op's own actuarial filing placed with federal authorities.
"The rate increase will positively impact the plan’s experience with the historical experience reflecting a ratio of earned premium of $173.2 million to total paid and incurred claims of $349.4 million for 2014," the co-op reported quietly to authorities in June.
Frankfort Obamacrats' may think nothing of underreporting a favorite spending entity's annual losses by more than $130 million and using the "newspaper of record" in their attempt to keep up appearances, but this is precisely the kind of behavior Kentuckians need to eradicate before it is too late.
If all Frankfort has to do to claim to have balanced budgets is to take more "revenue" from us, politicians become even less accountable to the people.
"The truth is Governor Beshear has piled two and half billion dollars more in revenue-supported debt on our heads since he took office in 2007, ran through $3.6 billion in federal 'stimulus' funds and increased public employee benefits' unfunded status by billions more while employing cynical tricks like this one to pretend to be fiscally responsible," said Kentucky Progress publisher David Adams.
"The ObamaCare mess is raising our fiscal debacle to a whole new level with its accounting smoke and mirrors and propaganda word games, so someone needs to document these activities to show where we went off the rails."
On November 3, Ohio voters will decide if marijuana will be legalized for medical and recreational use. Polling suggests passage is likely. As a bordering state, Kentucky would then be faced with needing to either further expand our own failed drug war activity or not.
"Jack Conway is a lost cause -- a big government drug warrior -- who doesn't count costs of bad government schemes, but Matt Bevin has shown signs of being teachable on this," said Kentucky Progress publisher David Adams. "Kentucky farmers should lead the nation in marijuana production and Matt Bevin just needs to recognize the opportunity and pick it up and run with it."
Former Courier Journal reporter Al Cross runs a site called Kentucky Health News which has picked up on the Kentucky Health Cooperative's dismal results. In a post published yesterday, Kentucky Health Cooperative Chairman Joseph E. Smith was asked why his organization is losing money faster than any other health co-op in the nation. His answers were revealing and should lead to more questions.
Smith cited three excuses, none of which hold water. Asked to explain KYHC's massive 2014 losses, Smith blamed reserve requirements, medical claims and grandfathered health plans. We already know health co-op reserve requirements have been grossly manipulated to benefit co-ops. And everyone should know that reserve requirements don't impact a profit-and-loss statement. Kudos to Al Cross and Kentucky Health News for exposing the fact the Kentucky Health Cooperative cannot withstand the slightest scrutiny.
And it gets worse.
Smith said Kentucky Health Cooperative got nearly all the sickest Kentuckians who had been kicked off their pre-ObamaCare coverage. This should come as no surprise to anyone, because KYHC underbid Anthem and Humana significantly on premiums. They did this intentionally to justify their paychecks and in hopes of attracting more federal funds. Whining about that now just because the congressional gravy train has stopped running for co-ops also does not explain why Kentucky's is the worst one.
And then Smith blames the existence of grandfathered health plans, which also has no bearing on annual earnings. Smith should be dragged around the circuit and forced to clarify his answers so all can see Frankfort Obamacrats have no real answers. Cross should let his nose for news overrule his heart for ObamaCare and stay on this story.
Please, Matt Bevin, take the lead on this.
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.
"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."
"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."
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.
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.
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.
"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."
"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."
"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."
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?
Healthcare consumers are literally being rounded up into smaller pens by giant federally-shielded insurers, given fewer and fewer avenues for redress of grievances and nothing but lip service from state regulators. As if on cue, the ridiculous Kentucky Department of Insurance issued a statement promising "a thorough evaluation of the (merger) proposal" with "particular attention paid to the ... impact on policyholders."
"A henhouse guarded by foxes has better odds than insurance consumers hoping for protection from these government regulators," said ObamaCare opponent David Adams. "Matt Bevin's consumer-friendly proposal to end Kentucky's ruinous certificate of need racket stands even more in stark contrast with the Frankfort status quo perpetuated by these mindless bureaucrats."