What I’m Reading: August 21st, 2016

  • The Economist looks at the advances from in medicine on the horizon and see big things: potential large increases to average and maximum life-expectancy. They survey the prospects and consider the socioeconomic ramifications.
  • Great critical coverage from the NYTimes this morning of both Clinton & Trump.
  • Probably the best political fan fiction you’ll ever read by Liz MeriWether: “The Night Obama & Hillary Made ISIS.” Excerpt:
  • “It wasn’t until months later, at Coachella, that the idea started to take shape. Obama loved electronic music — the beats, the lights, the DJs, the wonderful fans — and every year, for just one day, the Secret Service allowed him to go to the music festival. They would hang back, and he would wear sunglasses, a flower crown, a neon tank top, and a tight European-style bathing suit and just dance. The people who did recognize him were too drunk and high to convince anyone of what they’d seen. (“Hey, bro, it’s the president!” “Yeah, bro!”) The president would block it all out and surrender to the thumping, sick beat. He had done a tiny bit of molly with a French Canadian woman named Bonjour when the word “ISIS” came back to him. Ever since he was a little boy, he had wanted to start an international terrorist organization of his own.”

  • Greg Ip takes to the Wall Street Journal to discuss the much reported news of higher insurance premiums, bad P&L sheets and weakening balance sheets for insurance companies, & Aetna largely disengaging from the ACA/Obamacare entirely. Quoting Ip on the most misunderstood dynamic of the law: “It [the ACA] also did so by in effect requiring healthy customers to pay higher premiums than their actual claims would justify to subsidize sicker, older customers.” Democrats used enrollment mandates and higher premiums on the healthy as the pay-for mechanism, rather than raise taxes even higher than the bill already legislated to make the law more publicly palpable. It’s was a strategic gamble that seems to be breaking bad. Data from Ip’s article below.

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