Let’s say that Bob’s benefits payout increases by $500, from $9,000 to $9,500. Here is why that calculation invites distortion: Thus the “retained earnings” for the insurance company on Bob was $1,000. This is akin to measuring inflation by tracking a grocery store’s gross profit per gallon of milk as prices rise, rather than tracking how much a consumer is actually paying for that gallon of milk.Ī simplified example would be that Bob’s health insurance costs $10,000 per year and benefits paid out on Bob’s behalf totaled $9,000. “Retained earnings” as defined by the BLS for calculating its impact on inflation is effectively “Health insurance premiums collected by insurance companies minus benefits paid out.” Instead, it is based on what the BLS refers to as “retained earnings.” (This is not the same thing as Retained Earnings in accounting.) As I’ll get to in a moment, the BLS’ “retained earnings” is a calculation with a methodology that negates the inflation impact when health care premiums and benefit payouts increase at the same rate. This also reveals that the BLS does not even measure the actual cost of health care premiums paid to insurance companies.If I might add, there was apparently a lot of negative “smoothing.” The BLS has decided to “smooth” the methodology of calculating changes in the cost of Health Care premiums used in their inflation reports effective with this October 2023 report.Feel free to read “Changes to Health Insurance Methodology” (pasted just below), or don’t bother, but in summary: On page 5 of this same report, we are given guidance about this change. You’ll notice that it shows that the cost of Health Insurance is down 34% from October 2022 to October 2023. There is going to be a little bit of math in this post, but it’s important that I show my work.įirst, immediately below is a chart from page 15 (of 38 ) of the BLS’ October Consumer Price Index ("CPI") report, which can be found at this link. Fraudulent inputs with negative values are certainly one way to artificially deflate the actual inflation rate. Per the October 2023 inflation figures released by the Bureau of Labor Statistics, the cost of premiums paid for Health Care Insurance decreased by 34% from October 2022 to October 2023. There are undoubtedly many more like this. So how does the government come up with its fraudulent inflation rate? knows that prices are continuing to rise dramatically. “Consumer price inflation fell to 3.2% last month, in welcome news for US households and the Fed” Īnyone buying groceries, utilities, insurance, etc. Here is just one example last week from CNN. The obedient regime media is playing along. Have you heard the great news about inflation falling? The Biden administration is heavily promoting the storyline that inflation is low again, and trying to insinuate that the falling inflation rate means that prices are actually decreasing. THE MORNING RANT: Garbage Inflation Data – The Government’s Official Inflation Rate Includes a Laughable 34% Reduction in Consumer Health Insurance Costs Over the Past 12 Months -Buck Throckmorton Tonight's ONT has been brought to you by motivation: Insert “They're the same thing” meme here Halloween in a high trust society vs Halloween in a low trust society The many faces of online gaming communitiesĮver notice how much “anti-racism” is just straight up racist? I can think of a lot of places to use this clip on social media Drink enough of that and you'll have missile anus the next day! Holy crap! Look at that stuff! 171 proof. I'm not sure “They'll only hit you 11 times” is the comforting message they hoped for. produced a training film to reassure recruits. German machine guns had such a fearsome reputation that War Dept. I don't care who you are, this is a great pun Shortly after the announcement is made, though, someone who goes by Aces begins using anonymous text messages to reveal secrets about the two of them that turn their lives upside down and threaten every aspect of their carefully planned futures.Īs Aces shows no sign of stopping, what seemed like a sick prank quickly turns into a dangerous game, with all the cards stacked against /ikdhr3RJNn- ONT WTF November 25, 2023 After all, not only does it look great on college applications, but it officially puts each of them in the running for valedictorian, too. When two Niveus Private Academy students, Devon Richards and Chiamaka Adebayo, are selected to be part of the elite school’s senior class prefects, it looks like their year is off to an amazing start. Gossip Girl meets Get Out in Ace of Spades, a YA contemporary thriller by debut author Faridah Àbíké-Íyímídé about two students, Devon & Chiamaka, and their struggles against an anonymous bully. Cover Art | Ace of Spades by Faridah Àbíké-Íyímídé
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