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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.]


  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

    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


    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

    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.

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