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Woman accusing Trump of misconduct subpoenas presidential campaign
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#Cuban military court sentences #US citizen to 13 years in prison for alleged espionage
Famed Chinese dissident: China and Russia are laughing at US under Trump
VERBATIM: ‘Other presidents did not call’ military families
Ara: Political prisoners.
#NewZealand Annual #Inflation at 1.9%
#NewZealand #Inflation Rate QoQ at 0.5%
China is building a mega-airport in Beijing that will open in 2019
Dozens die as wildfires ravage Portugal and Spain
Kyrgyzstan eyes peaceful transfer of power after poll
Lancaster California Is “Solar Power Capitol Of The Universe”
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Scientists discovered new genes that make humans intelligent
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There’s not much welfare left for Trump to reform ht @smencimer
France gave Weinstein its highest honor. @EmmanuelMacron says hes taking it back.
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This is from July. EPAs given me way more evidence since I first did this story
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This website will help you understand what its like to live below the poverty line:
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This is a surprising chart from Coca-Cola. $KO
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Heres what you need to know this Monday:
The African Dictators
Looking forward to tonights chat with @coasttocoastam
The Northeast will endure its coldest night since last spring on Monday night:
Trump on stalled agenda: Im not going to blame myself
Trump Just Unleashed a Nasty New Lie About Barack Obama
What are they hiding? #health #food
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How shipping containers are transforming housing for the homeless @melodyhahm
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Young American Socialists Ignore Venezuela
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Citigroup Revenue Growth, YoY: +2% Citigroup Stock Price, YoY: +50% $C
Americans are giddy with optimism — bad news for Democrats
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Former Dem governor considering run for Corkers Senate seat
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California governor vetoes bill that would have forced Trump to release tax returns:
Cassinis teaching us new things about Saturn from beyond the grave
Fearing an end to #NAFTA, #Mexico looks to Middle East for new trade partners
Tomorrows @guardian front page: assassination in Malta of leading Panama Papers journalist
How to Tell the Size of the Forming Top in U.S. Stocks
Trump repeats false claim that US is the highest taxed country in the world
.@JSchanzer explores the ramifications of ending Americas paralyzed Iran policy:
An overview of Africas main natural resources
What to know about hepatitis A as California outbreak triggers state of emergency
IBM is using blockchain tech to help businesses in countries with weak banking systems
Todays quote of the day honors @AlbertEinstein
Trump has a credibility problem on tax reform @rickjnewman
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Exclusive: The number that explains @Snap’s new strategy
Fox Friends covered up giveaways for the super rich in Trumps tax plan:
Florida governor declares state of emergency over Richard Spencer speech:
Is our galaxy worth its weight in gold?
#Gold Price in Euro vs Euro/USDollar today (Oct. 16, 2017)
NRA spokeswoman says she’s moving due to death threats from gun control advocates
AKEL supporters demonstrate against Grivas monument:
Artificial Intelligence on your mobile: Does it really deserve the hype?
Pound caught in another storm | Short View
#Gold/#Silver Ratio today (Oct. 16, 2017) - via
Surreal red sky in London as Ophelia whips up dust from the Sahara. (ht @iihtishamm)
#Gold vs US Dollar Index today (Oct. 16, 2017) - via
Why is Europe outsourcing control of its borders to Libyan militias?
#EuropeanUnion moves closer to issuing sanctions against #Venezuela’s @NicolasMaduro regime
Battle of Intelligence #ai vs #humans
Netflix Price to Sales ratio was below 1 in Aug 2012. Heading into earnings today it was 9x, an all-time high. $NFLX
#Gold and #Silver down 0.58% and 0.87% today (Oct. 16, 2017)
How China became an Artificial Intelligence leader via @SpirosMargaris #AI
Why low iPhone X supply is good news for Canadas wireless carriers
Trump’s sick ‘joke’ about how much Pence hates LGBTQ people
Countries Which Rule The Automotive World $
India: A Basket Case? Or A Buy? $
Firm that produced infamous Trump-Russia dossier wont comply with House Intel subpoena
Facebook just acquired TBH, the anonymous app popular with high school kids
Gold/Palladium looked familiar. $VIX
Black Monday was baptism by fire for these Wall Street pros
.@m_boding and @tayuso document efforts to rebuild hurricane devastated Dominica
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Shock and Revulsion Over Mogadishu Bombing: #Somalia
morons united
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GRLZ Take Over The Airwaves By: @M_Hellmann
How to liven up your #vegan entrées and desserts with tofu ricotta!
Should we encourage more mavericks in science? And if so, how?
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From @teleSURtv now we offer you our English broadcast, watch the news #LIVE in #FromTheSouth, on @telesurenglish.
How Stephen Miller single-handedly got the US to accept fewer refugees
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Trump claims U.S. missile defenses are 97.5 percent accurate. Thats not quite true.
Bulk carrier sinks near Philippines with 10 now missing #shipping @Splash_247 -
For the kids
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Gravity.
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Here is Trumps full answer on his calling and not calling of the families of dead soldiers. It is worth reading.
vulnerable HY sectors via @GuggenheimPtnrs
A “Vision of Hell” In Portugal
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Arup Chakraborty elected to National Academy of Medicine
These billboards have gone up today near oil company headquarters in Houston.
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BOOMING!
Just published: front page of the Financial Times UK edition for October 17
Blow off some steam with these handheld cannons
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NEXT...
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How did I do this entire thread without posting this old XKCD?
Totally legit.
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2017
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The newest Trump tax plan selling point is comically bad


Mike Shedlock

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. He operates the blog MISH'S Global Economic Trend Analysis and believes in the Austrian School of economics.


No Obamacare in Most of Iowa and Major Portions of Tennessee? What Happens? Fallback Plans?

6 months ago




Nearly the entire state of Tennessee has a single Obamacare provider. In sixteen counties, none of this year’s providers want to do business.

Mississippi, Alabama, South Carolina, Oklahoma, Alaska, and Wyoming are states where there is only a single provider for the entire state. Iowa is likely to be covered by a single provider next year. Most of North Carolina, Florida, Missouri, and Arizona are also in a single-provider situation.

Enrollment for 2018 starts in November. Will the problem be fixed by then? If not, What Happens if Places Have No Obamacare Insurers?

The markets created by the Affordable Care Act have always relied on the voluntary participation of private companies. If the government set up the right conditions for the market, the thinking went, insurers would want to jump in. But, as Sarah Kliff at Vox.com has reported, the law contained no real backup plan if that vision didn’t work out.

So far, there are parts of Tennessee where none of this year’s insurers want to sell insurance next year. Other counties have only one carrier, and in some of them, that carrier is looking shaky.

If insurers do all decide to exit a market, no one is exactly sure what will happen next. Some experts have brainstormed about possible workarounds, but all would entail uncharted legal territory.

Senator Lamar Alexander of Tennessee, the state currently at greatest risk of bare counties, has introduced a bill that would create options for customers shut out of their Obamacare market. But even if Congress passed such a law, regulators would have to work very fast to make anything happen before next year’s enrollment period, which begins in November.

No Backup Plan

Vox asks What if Obamacare Insurers Falls to Zero?

Multiple sources tell me that White House staff held a meeting today to discuss cost-sharing reduction subsidies — that $8 billion Obamacare program whose fate still hangs in limbo. Ending these payments could “blow up” the health law’s marketplaces, but President Trump has so far waffled on what he’ll do about the issue. The meeting didn’t include any outside advisers or industry officials, only administration staff.

Right now there are 16 counties in Tennessee where no health insurer wants to sell Obamacare coverage. Iowa could be next: Half its Obamacare insurers announced this month that they would no longer participate in the marketplace. That leaves 94 of the state’s 99 counties with just one insurer — and regulators there aren’t totally sure that plan, Medica, will stick around.

“We don’t have any commitment from the two carriers that remain that they will be there,” says Doug Ommen, Iowa’s insurance commissioner. “They’re not required to file with us until June. Certainly we’re hopeful, but unless Congress acts, our market will continue to be very unstable.”

What happens if no one wants to sell coverage? Does the law have any fallback plan? The short answer is no. There is no backup plan for places where no insurer wants to sell Obamacare coverage.

Even before the election, some big insurers had decided that the Obamacare marketplaces were not good for their bottom lines. Aetna and UnitedHealth mostly withdrew in 2016, leaving lots of places with just one insurer.

Since the election, health insurers have only gotten more skittish. Humana announced in February that it would no longer participate. That left those 16 Tennessee counties without any plans, and many more counties with just one option.

Ryan’s Folly

The articles mentioned that Trump could call up providers and bully them into offering coverage. But does that make any sense from a party that wants to Kill Obamacare?

The system is set up to implode and there is no point to doing anything until it does. After an implosion, there will be bipartisan support to do something. Right now there is no bipartisan support to do anything.

The folly of House Speaker Paul Ryan’s ill-fated attempt to fix the problem is readily apparent.

His poor decision to attempt to fix the unfixable accomplished nothing useful, but it did move partial ownership of the problem to Republicans.

Mike “Mish” Shedlock