Michigan Medicaid expansion

Updated: Thursday, June 27 2013, 06:12 PM EDT
Michigan Medicaid expansion story image
KALAMAZOO, Mich. (NEWSCHANNEL 3) - It's been a full week now, since Republicans in the Michigan Senate went off on their summer vacation without taking a vote on whether to offer medical insurance to poverty-stricken adults.

Tonight in Tom's Corner, Tom Van Howe says the decision smacks of political cowardice by politicians who'd rather not risk offending conservative voters.

=====================

Come with me for a moment to a place where there are somewhere between 300 and 500-thousand who don't have health insurance. It's too expensive. They don't have jobs that offer it.

It's a place where these people, nonetheless, have the audacity to occasionally get sick and need treatment.

They don't have family doctors, so they flood emergency rooms where they can't be denied care.

They do get bills, which are usually way higher than they'd be if they were insured. But almost always, they can't afford to pay them.

Taken a look at a hospital bill lately? $5,000 to $10,000 for an overnight stay? It's pretty hard to come up with that kind of cash when you take in less than $12,000 a year as a single person, or less than $23,000 with a family of four. That's where we've set the lines on poverty.

I can hear some of you saying, right now, "Well, then, why don't just go out and get better jobs?"  Of course. Why don't they? Why haven't they thought of that?

Yes—why don't they quit their minimum-wage part-time jobs and become CEO's where they can earn 500 to a thousand times more than they do now. Why don't pigs fly?

The point is, they get hospital bills and mostly don't pay them because they can't. And eventually many of them will join that sad and lonely bankruptcy club where 65 percent of its members got there because of the high cost of health care.

But hospitals do eventually  find the money. They raise their rates to those who are insured—that's us—and our insurance rates keep climbing a ladder that has no top.

And that brings us to the Senate's decision last week to just kick it down the road.

If they had instead passed it—and apparently they had enough votes to do that—it would have taken us on a road to Medicaid expansion and federal Obamacare dollars and doctors offices instead of emergency rooms.

Obamacare would insure those who qualify for three years—and pay the entire cost during that period. And then 90 percent of the cost after that. Theoretically, Michigan would be on the road to saving billions of dollars.

The idea, of course, is to get people to start taking ownership of their own good health with preventative care instead of reactive care.

So the states who join the club start getting money back. Even Arizona saw it as a prudent thing to do. Sort of an economics 101 thing.

But not us. Senate leader Randy Richardville of Monroe could see that the measure might actually pass. So he told everyone to take a vacation instead of a vote.

Democratic Senator Gretchen Whitmer was pretty matter-of-fact about it: "Tea party and other obstructionists," she said, "began threatening Republican lawmakers if they allowed the bill to be voted on."

So, rather than standing tall and facing down the enemy—and doing something requiring a degree of courage—Senate Republicans took a vacation instead.

Reelection, it turns out, is more important to them than doing the right thing.

From this corner...I'm Tom Van Howe.
Michigan Medicaid expansion
comments powered by Disqus

Business News

Last Update on April 17, 2014 17:08 GMT

UNEMPLOYMENT BENEFITS

WASHINGTON (AP) -- The number of people applying for U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.

The Labor Department says that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That is the lowest four-week average since October 2007, just two months before the Great Recession started. The average has fallen by 53,500 applications over the past 12 months.

Applications are a proxy for layoffs. The current level of claims suggests that employers are holding on their workers with the expectation of stronger economic growth ahead.

Employers added 192,000 jobs in March and 197,000 in February, the Labor Department reported. Hiring has picked up after a slowdown caused by severe winter weather.

MORTGAGE RATES

WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.

Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.

Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.

Many analysts have been expecting an improving economy to lift the housing market, which has been recovering over the past two years. But housing has struggled to maintain momentum. Rising home prices and higher mortgage rates have held back some potential home buyers. Others have had trouble qualifying for mortgages.

EARNS-GOLDMAN SACHS

NEW YORK (AP) -- Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.

The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion.

The earnings were equivalent to $4.02 a share. Analysts polled by FactSet had predicted earnings of $3.49 a share.

Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion. The latest quarterly revenue beat analysts' expectations of $8.7 billion.

Goldman's stock rose $2.78, or 1.8 percent, to $160 in pre-market trading.

EARNS-PEPSICO

NEW YORK (AP) -- PepsiCo reports a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world.

The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, says global snack volume rose 2 percent while beverages were even from a year ago.

In its closely watched North American beverage unit, PepsiCo Inc. says volume was even. Growth in other drinks offset a 1 percent decline in sodas.

For the quarter, the company earned $1.22 billion, or 79 cents per share. Not including one-time items, it earned 83 cents per share, above the 75 cents per share Wall Street expected.

A year ago, it earned $1.08 billion, or 69 cents per share.

Revenue edged up to $12.62 billion, higher than the $12.39 billion analysts expected.

EARNS-MATTEL

EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.

Toy makers are facing a weak environment globally due to the uncertain economy and popularity of electronic gadgets.

The largest U.S. toy maker says its net loss for the three months ended March 31 totaled $11.2 million, or 3 cents per share. That compares with net income of $38.5 million, or 11 cents per share last year. Analysts expected earnings of 7 cents per share.

The company which makes Disney Princess dolls and Hot Wheels cars says revenue fell 5 percent to $946.2 million. Analysts expected $947.6 million. Barbie revenue dropped 14 percent.

TARGET-SUBSCRIPTION SERVICE

NEW YORK (AP) -- Target is vastly expanding the goods that are available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.

The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents with 150 baby care products.

That program has been expanded more than tenfold this week to nearly 1,600 items across a much wider array of consumer goods. Everything from beauty products and pet supplies, to home office supplies like printer ink, are now available through subscription.

Target, based in Minneapolis, is playing catch up in the subscription arena, which has exploded as companies test consumer appetites for almost every niche, from socks to razors, to clothing and entertainment.

advertisement
Washington Times
advertisement