44 karma · joined November 3, 2010
Of course not, the punishment is actually what happens because you disregarded and didn’t follow the law.
For one, it has large borrowing costs. You already admit that short sellers haven’t fared well, and shorting over a long time period can be very costly. Concocting a short position to offset one’s long-term index holdings requires being fairly accurate with timing and is very different than just wishing it wasn’t in there because you imagine that eventually the bill on that will come due, even if it’s years down the line.
If I’m wrong, I’d love to see a cheap way to do it over a 5-10 year period.
https://thehill.com/hilltv/what-americas-thinking/494602-pol...
You’re choosing to avoid all of the other cost savings that will come from eliminating private health insurance and having a single payer who can effectively negotiate with providers without the goal of taking a slice of profits from an ever bigger pie.
They are, however, a large part of the system that no one likes to deal with and can be fully eliminated without obvious negative consequences.
Health insurance doesn’t provide health care and is a purely extractive rent-seeking business. The article I posted even explains how single payer can help drive health care provider rates lower, as you now have a single, powerful entity (Medicare) negotiating against doctors, hospitals and drug companies.
And this “one player” (health insurance companies) heavily lobby against the implementation of single payer health care system. And their profit caps ensure that their goal is to grow the cost of medical care so they can take an ever higher profit in absolute dollars.
Also, the same CMS statistics you cite can be combined with other reports to conclude that 500 billion dollars of excess administrative costs PER YEAR are attributable to our lack of a single payer system — something UHC has lobbied heavily against in order to protect their profits over the improved health care of the average American. You can read the numbers here:
https://www.peoplespolicyproject.org/2024/12/10/health-care-...
“private insurers currently have administrative costs that are 1,000 percent what they would be under single-payer while hospitals currently have administrative costs that are 158 percent what they would be under single-payer. The excess administrative expenses of both the payers and the providers are because of the multi-payer private health insurance system that we have.
When you add it all up, excess administrative expenses — defined as administrative expenses we have under the current system that we would not have under single-payer — are equal to 1.8 percent of GDP, or $528 billion per year.”
Another reason your pleading falls on deaf ears is that, sure, provider payments can be reduced (and this addressed in the above article), but at the end of the day, private insurance is a purely rent-seeking enterprise that provides no value to Americans while these “overpaid providers” are actually delivering the care.
It is clear that many of their customers do not own or otherwise control all of the rights to the content they host on Amazon's servers. For instance, take tarsnap or SmugMug. They both host clients' property on Amazon servers. Now, while those companies may control some of the rights to the information they are storing , it is clear that those companies do not own nor control "all rights" to that content. SmugMug cannot legally license or resell my photos to others, for example.
As for their claim that it puts people in danger, they cite not a single confirmed case where this has happened.