Jeff, I'm sorry that you're paying more. I'm envious that your state is implementing single-payer, though! California considers and rejects the bill every session, so far.

MVP itself is not-for-profit. Interesting that they think the pool in the two states they focus on is now that much more expensive. I can't imagine why.

Thanks

Bruce

To pick a nit, if you require medical attention after an auto accident, typically the at-fault driver's auto policy would need to cover that.

If they are so kind to stick around and your expenses do not exceed the limits.

Certainly such scams existed, but 30 seconds of googling can typically separate the good from the fraud.

The web helps. At the time, I was not able to see the plan until the salesman was present.

I think you are confusing laissez-faire capitalism with freedom. In this particular case the insurers had the task of operating a risk pool, but no incentive to allow any but the lowest risk customer into the pool. Freedom was harmed overall, as a significant number of people had no viable path to medical care.

There are a good number of people who, like you, would feel less encumbered if they were able to live on an island without any civil services and thus without any burden to pay for their fellow man rather than themselves. My surmise is that few of them would survive very long. However, I would encourage you to try if you are able to find such a place. Go ahead, prove me wrong.

I am hardly surprised that insurance companies do not like the situation of having any additional regulation imposed upon them and will raise fees or do anything else they can do to protest and to discredit it.

If you've even hung around the emergency department of a hospital, you will have seen where the real cost of uninsured patients was going. Suddenly this cost is transferred from the hospital to subsidized plans. Ultimately, it should result in better management of the expense.

If you have so few choices in that state, I'll bet the problem is government-based cronyism.

I think it's called laissez-faire capitalism. Too little regulation means that the market will concentrate on the most profitable customers and not necessarily provide any service at all to others.

The point of insurance is that it's a risk pool that lowers the cost of saving to pay for a catastrophe for every participant, based on the probability that most folks won't need it. But it doesn't work for the folks who aren't allowed in the pool. And the reality is that everyone will need it sometime, and that it is normal for a society for some proportion of its people to be sick.

We have actually had some good insurance regulators in California. I don't know much about the current one but he seems to have achieved a pro-citizen rather than pro-company record.

I did not check with the state before I rejected the trash plan, perhaps it wasn't legal.

Valerie has insurance which covers the three of us, but it's her insurance. If she lost her job or if other things happened that I decline to contemplate, we would not have been able to obtain that sort of insurance or indeed anything that wasn't a fraud or a rip-off.

Given that some of the other 50 states implemented exchanges and that the Federal one exists, a total of 7 Million sounds reasonable with 1.2 Million coming from California.

Are you able to show us the terms of your plan? The reason I ask is that I was offered what turned out to be a "trash plan", and the sort of things that aren't being grandfathered are rejected because they don't meet a minimum standard of care. In my case, a catastrophic injury such as in an auto wreck would not have been covered significantly.

The lady who famously confronted Obama on this issue had a plan that limited its payout to a few hundred dollars.

There were two sorts of plans available: There was a company that sold a "trash plan" and sent a sales person to my home. This plan was not written to provide useful medical coverage for a catastrophic condition such as an auto accident with severe injury. Basically, it was a "feel good about being insured until you try to use it" plan which had the main purpose of producing income for a fraudster. I am very glad that such things are being prohibited now because I know there are lots of people who are not as careful readers of terms as I am.

The second was priced so prohibitively high that it seemed to be intended to deter the customer from purchase.

California's exchange is well capable of providing a mere 7 Million registrations and was not ever having problems while the Federal site was the subject of so much news controversy.

I am celebrating this event because This is the first time that Bruce Perens can get insurance coverage! I operate my own company and have previously only had access to insurance through my wife's employer. All of my family, my wife, my son, and I, have each individually been rejected by private insurers for what was esentially medical trivia. In my son's case, it was because he took a test they didn't like even though he passed it.

Not everyone understands the B.S. that private insurers were permitted to put people through.

TFA was points to a 2012 press release, but it contains not much more information. They must need to supply energy to this reaction, but whether this energy is as heat, electricity or something else is unclear.

I see two uses from the point of view of the U.S. navy. One is to put one of these chemical plants in an aircraft carrier, power it with the carrier's reactor, and generate fuel for the aircraft on board. The other is to put the chemical plant on a nuclear powered supply ship, which will then transfer the fuel to non-nuclear surface ships.

From a world energy point of view, this is a way to turn non-fossil fuel power (nuclear, hydro, wind) into hydrocarbon fuel, with the overall process being carbon neutral. Burning fossil fuels to provide the energy for this process would certainly be counter productive in terms of CO2 emission and very likely economically counter productive as you'd be better chemically processing your fossil fuel instead.

By the time you're going to all of this trouble to turn electricity into fuel, it is unlikely that you'd want to run a car on it - you'd rather just have an electric car. For aircraft we really have no good alternative to hydrocarbon fuels, so it could be used here. However, on the road to a low-carbon future, we have decades worth of lower hanging fruit (notably coal power stations) before we really need to care about whether our aircraft fuels are carbon neutral.

Conspicuously missing from the articles is the energy efficiency of this process. Given the $3-$6 per gallon projected jet fuel cost, presumably the efficiency is not too bad. (I notice this number hasn't changed since 2012 which makes me suspicious that it is more guesswork than calculation.)

The way I see it, you can eliminate the advantages of HFT while keeping the markets highly responsive by imposing a "clocking" scheme on exchanges. When an order is received by an exchange, it is not executed immediately but stored in a queue to wait for the next clock tick. When that comes, the order queue is shuffled into random order and then executed sequentially. Make the clock ticks wait a random period between 40ms and 50ms and any timing advantage of HFT or geography is nullified. The exchanges are still highly responsive; they just do randomized batch processing. All of the requests they receive in the previous clock period ought to be processed within the new clock period (with perhaps some occasional spill-over, in which case the new clock tick is stretched).

High frequency trading isn't the issue. The banks are the real "insiders", and are pointing fingers at small, high frequency prop shops to deflect attention from themselves, and to get back to the bad old days when they could really gouge their customers with wide spreads.

High frequency traders make their money by having better pricing models, narrowing spreads in the market, and being able to execute and then get out of a position quickly to lock in their profits and eliminate risk. The banks like to be the middleman, with wide spreads, so that they can pocket the difference.

The net result of high frequency traders is that the rest of us can get a stock much closer to their actual value (due to narrow spreads). Yes, the high freqency traders make good money by selling the stock $0.005 off the "real" value to me and then immediately getting out of the position by reselling it a millisecond later and locking in that $0.005 profit, but I have only paid a premium of $0.005 instad of the $0.35 or worse the banks would love to gouge me for (and used to, a few short years ago).

We get rid of high freqency trading and we'll be back to the bad old days, when the real insiders really did gouge us, and we all paid far too much for our investments, and were able to sell at far too little, with the likes of Goldman Sachs pocketing the enormous difference.

As for the front-running nonsense on 60 Minutes, that's always been illegal (contrary to what we're being told), and it is not at all how high frequency trading works. If someone was in fact doing that, then they're in a whole world of hurt with the SEC (and rightly so), but this entire exercise appears much more like a distraction: blame small outsider firms who've made the marketplace more effecient and tightened spreads for problems created by corruption within the big banks, and hope no one notices...at least until the next bank-induced crash.

I think this SMBC comic is very appropriate as well: http://www.smbc-comics.com/?id...