J.J. Goldberg

Obamacare Adds 9 Million Newly Insured: Study

By J.J. Goldberg

Last minute Obamacare signup, Miami, March 31 / Getty Images

About 9.3 million more Americans had health insurance in late March 2014 than in September 2013, according to a survey released Tuesday by the RAND Corporation, the respected centrist think tank. Nearly all the new enrollments are a direct result of Obamacare. As a result, the percentage of Americans without coverage dropped from 20.5% to 15.8%.

The survey was first reported April 1 by the L.A. Times’ Noam Levey, who got an advance peek. Ezra Klein’s new Vox.com news site has what looks like the clearest overall summary of the study.

The figure of 9.3 million is a net total, after subtracting the 5.2 million people who lost coverage during that period. (That is, 14.5 million people gained coverage, but 5.2 million lost it, for a net gain of 9.3 million.) Less than 1 million people who had individual policies before September are now uninsured.

At the same time, the total doesn’t include the last-minute surge of 3.2 million signups through government marketplaces at the end of March and beginning of April, since the survey was completed on March 28, before the surge began. The net total of surge signups that resulted in completed enrollment is still unknown.

The most surprising finding in the study is that most of the new coverage doesn’t come from Obamacare’s signature marketplaces, but from people gaining coverage at their workplace. Of the 14.5 million who gained coverage, some 7.2 million people gained it through employer-sponsored insurance; 3.6 million through Medicaid expansion; 1.4 million through Obamacare marketplaces, and 1.8 million through unspecified “other” sources.

Read more


Permalink | | Share | Email | Print | Filed under: Weekly Standard, Wall Street journal, Vox.com, RAND Corporation, Michael Hiltzik, Medicaid, John McCormack, James Taranto, Ezra Klein

Why Social Security Isn't Broke, Why We Think It Is and Where the Money Went

By J.J. Goldberg

Los Angeles Times business columnist Michael Hiltzik has an essential piece today debunking what he calls “The Myth of the Social Security system’s financial shortfall.” It’s based on the newly-released 2010 report of the Social Security Trustees.

In fact, he argues, Social Security is doing fine, sort of. If there’s a problem, it’s the fact that it has been lending money to the general fund of the federal government for years to cover expenses that used to be covered by income taxes. The payroll tax has been steadily raised to keep Social Security solvent. The income taxes of the wealthiest Americans have been repeatedly, drastically lowered under Ronald Reagan and George W. Bush (Hiltzik leaves out Reagan, as I’ll show), leaving big holes in the general fund, which covers defense, national parks, highways, welfare and all the rest. The impoverished general fund has been borrowing from the flush Social Security trust fund to help cover the deficits.

Here’s the catch: The payroll tax is a regressive tax: the poorest Americans pay the same 7.65% as the richest Americans, and the rich don’t even pay a penny on earnings above $107,000 per year. Lowering income taxes on the rich, and then covering the shortfall by borrowing from a pot that’s mainly funded by the common folk (and mainly relied on by them) amounts to a massive redistribution of income from the poor to the rich. And that’s why the Social Security trust fund looks insolvent: It has been raided to cover money that used to be in the federal budget but is now in the pockets of the rich.

I know, I know: Letting the affluent keep their money (they’re basically the only ones who get to do that under these tax cuts) encourages investment and creates jobs. If anybody here still believes that, I’ve got a lovely oil well to sell you, conveniently located just south of historic New Orleans.

Here’s Hiltzik:

In recent years, during which conservatives have intensified their efforts to destroy one of the few U.S. government programs that actually works as intended, the report’s publication has become an occasion for hand-wringing and crocodile tears over the (supposedly) parlous state of the system’s finances.

This year’s report, which came out Thursday, is no exception. Within minutes of its release, some analysts were claiming that it projected a “shortfall” for Social Security this year of $41 billion.

Read more


Permalink | | Share | Email | Print | Filed under: Social Security, national debt, Ronald Reagan, Michael Hiltzik, George W. Bush, Los Angeles Times




Find us on Facebook!
  • Jon Stewart responds to his critics: “Look, obviously there are many strong opinions on this. But just merely mentioning Israel or questioning in any way the effectiveness or humanity of Israel’s policies is not the same thing as being pro-Hamas.”
  • "My bat mitzvah party took place in our living room. There were only a few Jewish kids there, and only one from my Sunday school class. She sat in the corner, wearing the right clothes, asking her mom when they could go." The latest in our Promised Lands series — what state should we visit next?
  • Former Israeli National Security Advisor Yaakov Amidror: “A cease-fire will mean that anytime Hamas wants to fight it can. Occupation of Gaza will bring longer-term quiet, but the price will be very high.” What do you think?
  • Should couples sign a pre-pregnancy contract, outlining how caring for the infant will be equally divided between the two parties involved? Just think of it as a ketubah for expectant parents:
  • Many #Israelis can't make it to bomb shelters in time. One of them is Amos Oz.
  • According to Israeli professor Mordechai Kedar, “the only thing that can deter terrorists, like those who kidnapped the children and killed them, is the knowledge that their sister or their mother will be raped."
  • Why does ultra-Orthodox group Agudath Israel of America receive its largest donation from the majority owners of Walmart? Find out here: http://jd.fo/q4XfI
  • Woody Allen on the situation in #Gaza: It's “a terrible, tragic thing. Innocent lives are lost left and right, and it’s a horrible situation that eventually has to right itself.”
  • "Mark your calendars: It was on Sunday, July 20, that the momentum turned against Israel." J.J. Goldberg's latest analysis on Israel's ground operation in Gaza:
  • What do you think?
  • "To everyone who is reading this article and saying, “Yes, but… Hamas,” I would ask you to just stop with the “buts.” Take a single moment and allow yourself to feel this tremendous loss. Lay down your arms and grieve for the children of Gaza."
  • Professor Dan Markel, 41 years old, was found shot and killed in his Tallahassee home on Friday. Jay Michaelson can't explain the death, just grieve for it.
  • Employees complained that the food they received to end the daily fast during the holy month of Ramadan was not enough (no non-kosher food is allowed in the plant). The next day, they were dismissed.
  • Why are peace activists getting beat up in Tel Aviv? http://jd.fo/s4YsG
  • Backstreet's...not back.
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.