Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Michael Cannon: “Here’s Where Things Get Scary”

November 27, 2013 By Richard C. Young

Cato Institute’s Michael Cannon is the #1 scholar on understanding the travesty that is Obamacare. Here Mr. Cannon lays bare perhaps O’Care’s most frightening mandate–the Independent Payment Advisory Board. You are not going to believe what you read here. Talk about undemocratic authoritarian control. Yikes.

Last week, I explained that the U.S. Senate’s deployment of the “nuclear option” — lowering the threshold for approval of non-Supreme Court presidential nominees from 60 votes to 51 votes — does not make it easier for President Obama to use ObamaCare’s Independent Payment Advisory Board. I need to add this caveat: during his tenure. The nuclear option does enhance the ability of the president and his party to control the health care sector well after he leaves office.

It’s true that the rules change will make it easier for the president to have his IPAB nominees approved by the Senate, particularly through January 2015, when the Democratic caucus holds 55 seats. But if the president and Senate fail to seat anyone on the IPAB, the board’s sweeping legislative powers fall to the Secretary of Health and Human Services. If President Obama wants to use IPAB’s powers during his term, therefore, he need only retain Kathleen Sebelius as his HHS secretary.

ObamaCare permits IPAB to exercise its powers, however, only if Medicare’s actuaries project the program’s outlays will grow faster than a specified rate. A number of readers note that Medicare’s actuaries reported earlier this year that their projections currently do not show Medicare spending exceeding that target rate, and that their projections likely will not do so during the remainder of President Obama’s term. Those projections and the resulting determination could change next year. If so, and if the president and Senate have not placed confirmed any IPAB members, Secretary Sebelius could use IPAB’s powers during President Obama’s term. Those powers include the ability to raise taxes, to ration care to Medicare enrollees, and to appropriate funds to her own department, without the consent of the people’s elected representatives. (Critics will object that IPAB has none of these powers. In this study, Diane Cohen and I explain why we think they are incorrect.) Sebelius’ “proposal” would take effect during 2016.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Cato Institute's Michael Cannon is 'THE Man' on Obamacare
  • Cato’s Cannon Leads Way in Obamacare Lawsuits
  • Cannon Fire!
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • Harvard Professor Calls Homeschooling a “Threat to Society” - May 24, 2022
  • Why Does Joe Biden Put Americans Last? - May 24, 2022
  • The Supreme Court Must Always Protect the Constitution - May 23, 2022

Dick Young’s Must Reads

  • Are You Prepared to Run Out of Water?
  • Work to Make Money/Invest to Save Money
  • Can Ginger Combat Heart Disease and Improve Circulation?
  • Rich Grandchild, Poor Grandchild
  • “I’ve Got Guys Buying Guns/Ammo for Me All Through the Night.”
  • The Four Most Important Words in Investing
  • Making America Great Again Is What America Wants
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians
  • Joel Salatin: Meet the Real Mr. America
  • Democracy & Diversity: Not In the Constitution

Disclosure

RSS Youngresearch.com

  • How to Avoid the Restrictions of a Target Date Fund
  • Now You Can Own Your Vacation and It Doesn’t Have to Be a Time Share
  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading
  • Job Market Survival Advice for Graduates and for Those YOU Love
  • BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors
  • BUY THE DIPS? Can You Catch a Ginsu Knife?
  • MARKET TURNING: Canada’s Housing Market Turmoil
  • “I’ve Been with Richard Young for Over 30 Years Now”
  • All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP

President Joe Biden’s Good Question

Georgia Proves All Politics Are Local

VIDEO: DeSantis: America “Cannot Have a Ministry of Truth”

Can America Cut It’s Spending in Half? YES! It’s Been Done Before

Joe Biden Stands for Shootings, Pension Wipeouts, and Millions of Illegals

Harvard Professor Calls Homeschooling a “Threat to Society”

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives