Home > General, Markets, Politics > Universal health care and complex financial derivatives

Universal health care and complex financial derivatives

July 15, 2009

The following flow-chart (which outlines the House Democrats’ Health Plan) reminds Rocky of Offering Memoranda that he read for CMO and CDO-squared structures in 2006 and 2007. This chart was provided by the Joint Economic Committee, Republican staff.

Rocky’s rule of thumb in investing: If he doesn’t understand it, he doesn’t invest in it. Rocky doesn’t understand this chart.

One can only hope that this “structure” has a happier-ending than the structured finance market.

For a larger image, click here:healthcare_PDF
For the “simple” financial derivatives chart, click [here.]

healthcare

Advertisements
  1. ld
    July 15, 2009 at 6:52 pm

    Does Rocky have any guesstimates on how much this cost the taxpayers?

  2. July 16, 2009 at 8:55 am

    LD:
    Unfortunately, Rocky’s calculator doesn’t have enough decimal places to provide an accurate answer.

    Back in June, the estimate was about $1 trillion over 10 years. See

    http://blogs.abcnews.com/theworldnewser/2009/06/how-much-does-the-kennedy-health-care-plan-cost.html

    But Rocky’s guess is that the number will be much much higher.

    For the record, Rocky believes that some level of basic healthcare for all citizens is concomitant with a civilized modern society. However, as in most things, the devil is in the details.

  3. August 2, 2009 at 10:03 am

    That chart looks confusing an expensive. Not to Obama. We do need universal health care. Not the way it is being done though

  4. August 2, 2009 at 10:26 am

    Corvedacosta:
    Thank you for your comment. For Rocky, the entire discussion boils down to two simple questions:
    1) What constitutes a minimum acceptable level of universal health care?
    2) Who pays for it?

  5. August 3, 2009 at 12:14 am

    Well we know that taxpayers will pay for it. They will cover the costs for illegal citizens as well. What i think would be better is if we take this task of providing universal health care plan segment by segment. For example cover children of a particular age first and the move from there.

  1. No trackbacks yet.
Comments are closed.
%d bloggers like this: