Thursday, February 17, 2011

personal finance budgets





ETFs you do (and don't) want to own [CNN Money] "With over 1,000 to choose from, investing in ETFs can be tricky. Experts break it down with their recommendations."

Cook More, Eat Out Less: 7 Highly Effective Habits [Money Watch] "The habits that have helped me stay committed [to saving on eating out] thus far."

Frugal Lessons from People Who Survived the Great Depression [Frugal Confessions] "The Great Depression left a great impression on their thoughts, their styles, and their habits."

Five Best New Cheap Cars (Under $20K) To Consider [Wallet Pop] "An iffy economy and high unemployment rate make a flock of new vehicles priced below $20,000 well timed for their 2011 debuts."

35 Things NOT to do When Ordering Delivery [Budgets are Sexy] "The following is a list of things to consider the next time you decide to order delivery from a local restaurant."

— FREE MONEY FINANCE








Last night in the State of the Union address, President Obama stated that “the only way to tackle our deficit is to cut excessive spending wherever we find it—in domestic spending, defense spending, health care spending, and spending through tax breaks and loopholes. This means further reducing health care costs, including programs like Medicare and Medicaid, which are the single biggest contributor to our long-term deficit. Health insurance reform will slow these rising costs.”


Is it possible that the President has already forgotten that the health care law included a massive expansion of the broken Medicaid entitlement? According to projected national health expenditures from the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS), Medicaid spending in 2019 will be $896.2 billion. Without the health care law, CMS projects that the amount would have been $802.4 billion.


This means that the President’s health care law will increase Medicaid spending by 12 percent or about $100 billion annually. The extra spending comes from the additional 18 million or so individuals—mostly non-disabled and non-elderly adults without children—who will now have taxpayers paying their health care bills through the Medicaid program.


Two central components of the law expand eligibility to the government-run Medicaid program and offer costly subsidies to an estimated 20 million individuals to purchase health insurance. With an increasing amount of health care subsidization, taxes will increase, but so will the demand for health care services. This problem is exacerbated because there is very limited out-of-pocket payment for Medicaid. The subsidies and the increased third-party payment will cause health spending to grow, not slow.


Medicaid is a broken program for many reasons. First, national spending on Medicaid has more than quintupled over the past two decades, and about 16 percent of the population is currently enrolled. A primary reason state budgets are out of whack is this explosive Medicaid growth and states’ responsibility to finance a portion of its programs costs.


Despite the massive increase in spending, many physicians fail to participate in the program because of low payment rates and a frustrating amount of paperwork. This causes many Medicaid beneficiaries to receive basic care services in the emergency room.


There is evidence that Medicaid provides beneficiaries with a low quality of care. A recent study from the University of Virginia found that Medicaid patients have worse surgical outcomes than individuals without insurance, even controlling for a multitude of personal characteristics.


Instead of doubling down on Medicaid and its existing structure, Washington should consider major structural reform for this troubled program. To start, the open-ended federal reimbursement of state Medicaid spending, which creates perverse incentives for states to grow their programs unsustainably, must be reformed. Then, taxpayer-financed assistance should be targeted to truly deserving individuals using market-based principles that better align incentives of providers, recipients, states, and taxpayers. This is the path to put Medicaid spending on a more sustainable course.


The President should re-read his law if he believes its passage either improved Medicaid for those on it or reduced Medicaid spending growth.




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What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


bench craft company scam

What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


bench craft company scam

What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


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What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


bench craft company scam

What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


benchcraft company scam

What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


benchcraft company scam

What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


benchcraft company scam

What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...


benchcraft company scam

What Will Kill a Bull Market? Good <b>News</b> - CNBC

The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.

Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.

24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.

NYT&#39;s Fed reporter to become deputy op-ed editor « Talking Biz <b>News</b>

Information about business journalism, from the Carolina Business News Initiative. « Why the FT and the Economist have been successful in America � No Comments. NYT's Fed reporter to become deputy op-ed editor. 2011 02.17 ...















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