Blogs

Everything You Ever Wanted to Know about National Health Plans ….and maybe more - Canada

I'll try again because the first Canada blog got really messed up. Sorry Robert.

Canada
Spending on health care to reach $5,170 per Canadian in 2008

November 13, 2008—Canada’s health care spending is expected to reach $171.9 billion in 2008, or $5,170 per person, according to new figures released today by the Canadian Institute for Health Information (CIHI). This represents an increase of $10.3 billion over estimated expenditures for 2007, or a growth of 6.4%. These figures are featured in National Health Expenditure Trends, 1975 to 2008, Canada’s most comprehensive source of information tracking how dollars are spent on health care in this country.

NAPM's Manufacturing Index suggests Recession bottom near

Last Friday the ISM Manufacturing Index for April was released. It was all but ignored in the economic blogosphere. It shouldn't have been.

Along with auto sales, it is one of the very first economic releases for the month of April. Also crucially, it is a leading economic indicator. The ISM Manufacturing index has typically bottomed a median 2.5 months (a mean of 4) before the end of post WW2 recessions. The latest it bottomed was the month of the end of the recession, the earliest 9 months.

In other words, this is an early indicator with a long and successful track record.

So, why does the NAPM's Manufacturing Index suggest the bottom of the recession is near ...?

Saving the American economy by looting it

Paul Krugman recently pointed out that wages are falling across America. A week earlier the Treasury Department reported that tax revenue was collapsing at a 14% rate.

It's easy to see the correlation between these two trends. But what do they have to do with this statement? Everything.

Sen. Dick Durbin (D-Ill.) has been battling the banks the last few weeks in an effort to get 60 votes lined up for bankruptcy reform. He's losing.

Confessions of an Economic Populist

I am an economic populist. What does that mean? According to Wiki that means

a member of a United States political party formed in 1891 primarily to represent agrarian interests and to advocate the free coinage of silver and government control of monopolies.

a believer in the rights, wisdom, or virtues of the common people

The year 1891 was a long time ago are there really any Populist party members still around? Most likely no, and any politician who espouses populist rhetoric is instantly shouted down in the media by the opposition and even their own political party.

So who is the economic populist today?

Everything You Ever Wanted to Know about National Health Plans ….and maybe more.

As I mentioned in the pub, I was going to start posting some information about National Health plans of other countries.

As we hear more and more about the credit a National Plan will bring to the US economy, I eventually plan to find the debit side of the ledger.  One example of a debit to the States is the Premium Tax.  I believe every State in the Nation has a 1 to 2 percent tax on Gross Premiums collected.  National Health will bring the loss of the premium tax that should be used in the balance sheet.  There is more but that is not what will be part of this diary.

My information is in MS WORD format, footnoted and I've edited it down to about 34 pages. I'll be copying and pasting my info (footnotes included).  I'll post anywhere from one to several countries each day; countries are presented in alphabetical order..  Finally when I reach the last day, I will post a bit of information on the US Medicare plan.

The Populist Pub is now open.

 

Petit Julien welcomes you back to the Populist Pub.  

Earlier this week, we passed a milestone of sorts. The Obama administration marked its first 100 days in office. In 1933, FDR, facing a full blown depression, made numerous and transformative changes in his first 100 days. Since then, the accomplishments of the first 100 days of every new administration have been symbolically compared. That is, until this year.

On Thursday, Day #101 of the Obama administration, Steve Lendman, author, blogger, radio co-host and activist, who lives in Chicago, wrote an excellent article contrasting the first 100 days of FDR to BHO. This was effectively a follow up to a scathing article he wrote two weeks earlier. In that article, published on April 18th, Steve Lendman was highly critical of the Obama economic team especially. It was provocatively titled Barack Obama: Crime Boss.

Friday Movie Night - Bill Moyers Does Econ Edition

 It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

Journalist Bill Moyers had done a series of interviews with economists, experts on the financial crisis and they are bombshells. Below are some of the must see interviews.

 

Simon Johnson & Michael Perino, Part I

Johnson, Perino

 

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