Matthew Rushing
How insurance exchanges will affect doctor's incomes
by: Leigh Page July 10 2013
Due to the new "affordable care act" doctors may face substantial cuts in their pay checks. Since the ACA passed doctors must now accept new patients and exchange patients, by doing this doctors lose 30%-40% for reimbursement from the insurance companies that they work with now. I think that cutting the pay of doctors is not right, doctors now have to deal with more paperwork per patient and they are facing pay cuts. I think that it is not right that our doctors who work hard and save and change lives every day should have to face pay cuts on 30%-40%, let me know what you think.
Friday, October 11, 2013
Friday, October 4, 2013
Effects of the government shutdown
The economic consequences of the government shutdown by: Matthew O'Brien oct. 2 2013 the Atlantic
The consequences of this government shutdown may not be large but they are definitely larger than we think, right now the direct consequences are mainly felt by the government workers who have been put into a state of furlough which cuts down on the GDP by .15 percent to .2 percent. The government may not pay the government workers on furlough back pay which may result in a more drastic affect on their individual households. I think that this whole government shutdown is bad for the economy and it is unfair to the unessential government workers because our government should have passed a budget and now the workers are suffering due to the governments mistakes.
Matthew Rushing
http://www.theatlantic.com/business/archive/2013/10/the-economic-consequences-of-the-government-shutdown/280206/?scrlybrkr=bad4cd1a
Friday, September 27, 2013
Obamacare
Matthew Rushing
Despite Government assurances, some could see insurance costs soar under Obamacare By: Jim Angle published September 27th 2013, FoxNews.com
In three days we will know if Obamacare will pass or be turned down, many in the government say that it will help everyone and lower insurance costs, but this article says otherwise. In the debates about Obamacare they told us that rates would go down but they cherry picked their facts to only cover those who are in the low income bracket, the new laws make many more things mandatory for the insurance companies to cover which will actually raise the rates on many middle income people, costs may soar up to 99% for men and 55% for women. Studies also show that there may be a shocking rise in deductibles even for the cheapest plan deductibles may reach 6,000 dollars. I think that this will be devastating to our economy because it will cause many people to have to spend much more of their income on insurance and possibly go into more debt and reliance on the government.
http://www.foxnews.com/politics/2013/09/27/despite-administration-assurances-some-rates-may-soar-under-obamacare/?scrlybrkr=313f0e50
Despite Government assurances, some could see insurance costs soar under Obamacare By: Jim Angle published September 27th 2013, FoxNews.com
In three days we will know if Obamacare will pass or be turned down, many in the government say that it will help everyone and lower insurance costs, but this article says otherwise. In the debates about Obamacare they told us that rates would go down but they cherry picked their facts to only cover those who are in the low income bracket, the new laws make many more things mandatory for the insurance companies to cover which will actually raise the rates on many middle income people, costs may soar up to 99% for men and 55% for women. Studies also show that there may be a shocking rise in deductibles even for the cheapest plan deductibles may reach 6,000 dollars. I think that this will be devastating to our economy because it will cause many people to have to spend much more of their income on insurance and possibly go into more debt and reliance on the government.
http://www.foxnews.com/politics/2013/09/27/despite-administration-assurances-some-rates-may-soar-under-obamacare/?scrlybrkr=313f0e50
Friday, September 20, 2013
This week in class
Matthew Rushing
This week in economics we learned about businesses and many things concerning the governments involvement in economy. First we learned about different business types and looked at the pros and cons of different business setups. Then we went on to learn about public vs. private goods where we learned that goods that if all the benefit comes from the consumer and the producer bears all the cost then it is a private good, and then we learned that if people who don't cover the cost of a product that they benefit from then it is a public good. We also learned that if there is a public good that we have deemed necessary or very helpful then the company may get a subsidy. I disagree with most of our government subsidies because they all tend to be given to the companies that have good lawyers not the companies that actually need subsidies to survive.
This week in economics we learned about businesses and many things concerning the governments involvement in economy. First we learned about different business types and looked at the pros and cons of different business setups. Then we went on to learn about public vs. private goods where we learned that goods that if all the benefit comes from the consumer and the producer bears all the cost then it is a private good, and then we learned that if people who don't cover the cost of a product that they benefit from then it is a public good. We also learned that if there is a public good that we have deemed necessary or very helpful then the company may get a subsidy. I disagree with most of our government subsidies because they all tend to be given to the companies that have good lawyers not the companies that actually need subsidies to survive.
Thursday, September 12, 2013
Apple to assemble in America
Matthew Rushing
Apple to assemble Mac book pros in the US by: Gregory Ferinstein Monday June 10th 2013
Apple is following through on their promise to assemble their new line of Mac book pros in America. This new line of computer production is planning to move the production of Mac book pros to their new production plant located in Texas. The number of production related jobs have been dropping drastically since the 1960's, it went from 29% of jobs in the 60's to only 9% of jobs in 2011 but due to new lines of production in America we have seen a bump in production related jobs from 2010-2012 and those numbers are expected to rise. I think that it is a great thing that this new line of production is coming into the US because it brings lots of jobs, gives people experience in work and stimulates economic growth in the http://techcrunch.com/2013/06/10/apple-to-manufacture-mac-pro-in-the-u-s/
Apple to assemble Mac book pros in the US by: Gregory Ferinstein Monday June 10th 2013
Apple is following through on their promise to assemble their new line of Mac book pros in America. This new line of computer production is planning to move the production of Mac book pros to their new production plant located in Texas. The number of production related jobs have been dropping drastically since the 1960's, it went from 29% of jobs in the 60's to only 9% of jobs in 2011 but due to new lines of production in America we have seen a bump in production related jobs from 2010-2012 and those numbers are expected to rise. I think that it is a great thing that this new line of production is coming into the US because it brings lots of jobs, gives people experience in work and stimulates economic growth in the http://techcrunch.com/2013/06/10/apple-to-manufacture-mac-pro-in-the-u-s/
Thursday, September 5, 2013
Washington vs. Walmart
Matthew Rushing
090513
Econ
Walmart and Washington D.C in minimum wage showdown, by: Reuters, September 6th 2013
In this article we are told that Washington is pushing to raise the minimum wage for large companies that are located in the Washington D.C area. This raise in wages can have a large effect on the economy, if the bill passes then Walmart may not move its business into the Washington area and it may cost the Washington area 1800 jobs. If the bill doesn't pass then Walmart will move into the area and that will create a lot of jobs in an area that is currently trying to battle unemployment. I personally think that they shouldn't pass the bill so that the Walmart does move into the area which will create a lot of jobs for the unemployed people in the area. Another effect not passing the bill can have is the attraction of more large, job-rich companies which can really help the economy in the D.C area to grow and decrease unemployment rates.
http://economictimes.indiatimes.com/news/international-business/walmart-and-washington-d-c-in-minimum-wage-showdown/articleshow/22350847.cms
090513
Econ
Walmart and Washington D.C in minimum wage showdown, by: Reuters, September 6th 2013
In this article we are told that Washington is pushing to raise the minimum wage for large companies that are located in the Washington D.C area. This raise in wages can have a large effect on the economy, if the bill passes then Walmart may not move its business into the Washington area and it may cost the Washington area 1800 jobs. If the bill doesn't pass then Walmart will move into the area and that will create a lot of jobs in an area that is currently trying to battle unemployment. I personally think that they shouldn't pass the bill so that the Walmart does move into the area which will create a lot of jobs for the unemployed people in the area. Another effect not passing the bill can have is the attraction of more large, job-rich companies which can really help the economy in the D.C area to grow and decrease unemployment rates.
http://economictimes.indiatimes.com/news/international-business/walmart-and-washington-d-c-in-minimum-wage-showdown/articleshow/22350847.cms
Sunday, August 25, 2013
Matthew Rushing
Mrs. Weser
Economics
08-26-13
Oil climbs, gas gains on East Coast refinery problems
By: Anna Sussman
Friday August 23 2013
In this article Anna Sussman tells us how the disruption of Libyan exports and the shut down of two large oil refineries can affect the prices of gasoline significantly. this is a good example of supply and demand at work, as the oil productions get disrupted the supply drops which increases scarcity and demand. I think that as long as the rise in prices is due to a lack of supply it is okay, but I don't think that oil companies should raise the prices when the demand isn't as great. I think this because they have the supply but the demand isn't there and by the rules of supply and demand the prices should be dropping. These rises in gas prices can have serious effects on the whole economy, by raising the price of oil they raise the price of shipping and that in turn can raise the prices of goods that need shipping thus driving prices in every category of the economy up. http://uk.reuters.com/article/2013/08/23/markets-oil-idUKL4N0GO0UI20130823
Mrs. Weser
Economics
08-26-13
Oil climbs, gas gains on East Coast refinery problems
By: Anna Sussman
Friday August 23 2013
In this article Anna Sussman tells us how the disruption of Libyan exports and the shut down of two large oil refineries can affect the prices of gasoline significantly. this is a good example of supply and demand at work, as the oil productions get disrupted the supply drops which increases scarcity and demand. I think that as long as the rise in prices is due to a lack of supply it is okay, but I don't think that oil companies should raise the prices when the demand isn't as great. I think this because they have the supply but the demand isn't there and by the rules of supply and demand the prices should be dropping. These rises in gas prices can have serious effects on the whole economy, by raising the price of oil they raise the price of shipping and that in turn can raise the prices of goods that need shipping thus driving prices in every category of the economy up. http://uk.reuters.com/article/2013/08/23/markets-oil-idUKL4N0GO0UI20130823
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