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Sebelius Touts 2 Million Obamacare Enrollees

Health and Human Services Secretary Kathleen Sebelius, who has spent months fending off critics of the Affordable Care Act rollout, is touting the more than 2 million people who have signed up for coverage despite the troubled HealthCare.gov website.

In a blog post on Tuesday, Sebelius said that Jan. 1 marks "an exciting new day in health care as millions of Americans will now be able to access care, thanks to the coverage they found at the Health Insurance Marketplace."

While the number who have signed up under the law thus far falls short of the administration's goal of 3.3 million by year's end, it is far better than the paltry numbers cited in the first weeks of the rollout.

Sebelius said her department was working "to ensure that every American who wants to enroll in Marketplace coverage by the end of the open enrollment period on March 31st, 2014, is able to do so."

Reuters reports:

"Sign-ups for what has become known as 'Obamacare' gained pace during December as the website's performance improved, and as more Americans focused on getting coverage by the new year.

"Many of the newly insured under the 'Patient Protection and Affordable Care Act' enrolled just ahead of a Dec. 24 deadline to receive benefits on Jan. 1, giving health insurers a tight framework to create accounts that can be accessed by doctors."

2013: The Year In Political Screw-Ups

If anything defined 2013, it was the political misstep. There were so many gaffes, flaps, scandals and ill-advised moves that voters were often left scratching their heads at the political class's uncanny knack for diminishing its profession.

Here are eight of the more memorable screw-ups:

The federal government shutdown — It seemed like a good idea at the time — or at least to the congressional Tea Party-aligned Republicans who didn't experience the political damage from the 1990s shutdowns. The goal of this year's 16-day partial government closure was defunding the Affordable Care Act; as the shutdown wore on, so did the confusion over the GOP aims.

Rep. Marlin Stutzman, R-Ind., inadvertently captured the moment with this remark: "We have to get something out of this. And I'm not even sure what it is." In the end, Standard & Poor's Ratings Services estimated that the shutdown cost the U.S. economy $24 billion, more or less — probably not what Stutzman had in mind.

Sen. Ted Cruz — The Texas Republican may have set a new record for how quickly a congressional newcomer can antagonize colleagues — and not just in the opposing party. Both in the Senate and the House, some fellow Republicans faulted him for goading House conservatives into a political dead end with the government shutdown.

But the greater sin, as far as many GOP lawmakers were concerned, was Cruz's acknowledgment — even before the shutdown began — that the tactic probably wouldn't work to defund Obamacare anyway. House Republicans weren't amused. Ditto for some GOP senators. The upshot, of course, is that Cruz burnished his Tea Party credentials and established himself as a potential force in 2016. But by burning so many bridges, it's questionable whether he can grow his base of support.

Red line — It's likely to be a long time before another president so publicly warns a rogue nation not to cross an imaginary boundary, as President Obama did with Syria. By putting the Syrian government on notice against using chemical weapons on its civilians only to have that government essentially ignore him, Obama painted himself into a corner: Make good on the implied threat or squander American prestige. In the end, divided opinion in the U.S. caused the president to punt the decision to Congress, where he was ultimately unable to win support for military action.

You can keep it — Obama first made his infamous promise regarding health care plans under the ACA during the 2008 campaign. But he repeated the vow into 2013, even after a growing number of critics pointed out its inaccuracy. Much of the steep drop in voter approval ratings for him can be attributed to the variance between the president's words and reality: PolitiFact dubbed the claim the "Lie of the Year." It's worth noting that in 2008 the same PolitiFact reported that the claim was true of his plan as he then described it during a presidential debate. But the eventual law wound up diverging significantly from his plan.

HealthCare.gov — The federal website is a case study in how not to roll out a big government technology initiative. Considering how important ACA is to Obama's domestic policy legacy, it's still hard to understand how the administration let it run off the rails so thoroughly. This is a president committed to the idea that government can do big things, yet his administration's signature domestic project has only raised public doubts about government competence.

IRS scandal — The Internal Revenue Service and politics don't mix. Or at least they shouldn't because of the potential for abuse. (Think Richard Nixon.) Unfortunately, the federal law gave the IRS the authority to decide which political groups can legally claim tax-exempt status. Which led to IRS workers asking probing questions of Tea Party groups, among others. That raised suspicions that the agency was targeting some conservative groups for special scrutiny, causing more partisan hell to break loose.

Weiner, Filner, Radel & Ford — That might've made a good name for a law firm. Instead, these are the names of four politicians — Anthony Weiner, Bob Filner, Trey Radel and Rob Ford — whose antics have served to further taint the image of their chosen profession.

Weiner, the disgraced former congressman from New York, somehow thought that a run for New York City mayor was the path to redemption from a sexting scandal. His plan went wrong when it turned out that the behavior that forced his departure from Congress wasn't as far in his past as he had indicated. Filner, the former mayor of San Diego and an ex-congressman himself, turned out to be prolific sexual harasser. Radel is the Florida Republican congressman who was arrested in Washington for buying cocaine from an undercover officer. And Ford, Toronto's admitted crack-smoking, partying mayor, is still hanging on and dancing at City Council meetings though he's been stripped of much of his power. What all four men have in common, aside from embarrassing their constituents, is a reluctance to leave the public stage to deal with their inner demons.

Bridge-gate — If you close access lanes to the nation's busiest span, the George Washington Bridge between New York and New Jersey, you'd better have a compelling reason. So far, GOP Gov. Chris Christie's now former appointees to the agency that controls the bridge have failed to provide one. That has fueled suspicions the lane closings were political retribution against the Fort Lee, N.J., mayor, who failed to endorse the governor's re-election. Christie has denied the charge of political motivation. But unless a solid reason for the closings emerges, this controversy will dog him as the 2016 presidential election cycle approaches.

Can Robots Manage Your Money Better Than You? Startups Say Yes

Millions of people are turning their thoughts to self-improvement and New Year's resolutions this week. And one of the most common resolutions, after promises to lose weight or get in better shape, is to be better about money.

A handful of entrepreneurs in the Bay Area have taken note — and they believe the time has come for you to try a different way of managing your money.

Mike Sha's dream is that one day, you will turn your investments over to a robot. "A smart robot," stresses Sha, who's behind the San Francisco-based startup SigFig.

“ If you could replace that human with a machine ... you really can build a better, more scalable, lower-cost solution.

Most Economists Say Happy New Year — Really

As the new year begins, most economists' annual forecasts are brimming with good cheer.

"The economic news remains broadly encouraging," the Goldman Sachs forecasters write in their 2014 outlook.

And the brighter prospects are not limited to this country. "The global economy is likely to emerge in 2014 with modest growth of 3.3 percent compared with 2.5 percent this year," according to Nariman Behravesh, chief economist at the forecasting firm IHS Global Insight.

Most stock analysts also see more gains coming on Wall Street. JPMorgan chief U.S. equity strategist Tom Lee, who accurately predicted stock advances for 2013, says Americans are now in the midst of "a classic bull market," driven by good earnings.

So, why all the upbeat forecasts? What has changed? These are among the most commonly cited factors:

Congress may be less of an economic nuisance. In October, Congress' failure to pass a budget led to a partial government shutdown, creating uncertainty for federal workers and contractors. But a budget compromise approved in December has reduced chances for another disruption. "The drag from fiscal policy will be less, allowing underlying strengths in the economy ... to become more visible," Behravesh says.

Energy is becoming more abundant. As domestic companies produce more oil and gas, Americans are becoming less dependent on foreign suppliers. That's lowering energy prices and leaving more money in consumers' wallets. "Energy prices are now tilted to the downside, which implies a potential boost to real income growth," the Goldman Sachs assessment says.

Consumers are spending again. "The consumer picture is improving, judging from the latest auto sales and consumer sentiment figures," Goldman Sachs says.

Stock prices keep heading higher. JPMorgan's stock strategy team predicts that investors will see more gains as pent-up demand drives home and auto sales. Also, corporations will continue to have strong balance sheets, and central banks around the world will keep interest rates low in the new year. All of that will bolster profits. "The fundamental cornerstone of a bull market is continued profit growth," the team writes.

Jobs are coming back. In the U.S., the unemployment rate is forecast to decline from an average of 7.4 percent in 2013 to an average of 6.6 percent in 2014, "as much from weakness in labor-force growth as from genuine employment growth," Behravesh says.

Inflation isn't pinching consumers. Federal Reserve policymakers forecast that inflation will rise between 1.4 percent and 1.6 percent in 2014.

Interest rates are still low. The Federal Reserve will take steps to nudge rates a bit higher, but the change will be gradual. "We believe that a more normalized environment, where rates move toward 5 percent, may be several years away," according to Vanguard's 2014 outlook.

Because of those positive factors, the gross domestic product, a broad measure of growth, is widely expected to rise. The Fed set its growth prediction for 2.8 percent to 3.2 percent next year. Such a pace would feel good, given that the economy mostly has been chugging along at a much slower 2 percent throughout the recovery.

The Two-Way

Out Like A Bull: 2013 Was A Banner Year For Wall Street

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