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29/07/2016

ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

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ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
Opinion / Slavery
#ForeignAffairs
JUL 29, 2016 @ 09:13 AM

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ThanksToBolivarian
Socialism,Venezuela
OverwhelmingEvidenceThatObamacare
CausedPremiumsToIncrease
Substantially
BringsBack
AgriculturalSlavery
Active on Facebook

Tim Worstall, CONTRIBUTOR

Active on Twitter

OrganicLeadersTurnOnWholeFoods
I have
opinions about economics, finance and
AndEachOtherOverGMOLabelingBill
public
policy. FULL BIO
Opinions expressed by Forbes Contributors are their own.

ThattheBolivariansocialistshaventbeen
runningVenezuelaverywellissomething
apparenttoeventhemostblinkered.This
Active on Facebook
isthecountrywhichhasrecentlyrunout
FearSells,WhyYouShouldn'tBuyIt
WhenItComesToGMOs
ofbeer,BigMacs,thattoiletpaperwe
keepmakingjokesaboutandisonthe
vergeofrunningoutofbanknotesasthey
nowcostmoretoprintthantheyare
worth.Astowhythisisallhappening,no,
KPMGVoice:4EssentialGuidelinesFor
BuyingATechCompany
itsnotthesocialismpartoftheplans.A
creditunionisasocialistorganization,
andweveyettocomeacrosstheexistence
ofoneofthemcausingthenationstoilet
papertorunout.No,themistakehasbeen
+4,341
views in the last 24 hours
toabandonthemarketandpricesasthe
WhatFacebookAndAppleCanTeachYouAbout
TransferPricing
informationandallocationsystemsforthe
economy.Long,hardandbitter
+37experiencehasshownusthatthosetwo
comments in the last 24 hours
AsIPredicted,Seattle'sMinimumWage
thingsaresimplyessentialtohavean
RiseIsReducingEmployment
economythatoperatesinanythinglikean
acceptablemanner.Theresimplyisno
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29/07/2016

ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

othermethodofplanningormanagement

capable,otherthanthosemarkets,of

Active on Facebook
dealingwiththecomplexityofan
economy.TheVA'sLuxuryArtObsession

TrendingNow
Gallery

CountriesThat
ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
HaveTried
Slavery
Socialism
LaunchGallery
11images

Active on Facebook

OverwhelmingEvidenceThatObamacare
AndyetjustwhenIthinkthattheplaceis
CausedPremiumsToIncrease
Substantially
gettingtorockbottom,Maduroand
compadresmanagetodigthemselvesever
deeper.Theyhavenowbroughtback
agriculturalslavery:
Active on Twitter

OrganicLeadersTurnOnWholeFoods
PresidentNicolsMadurosignedadecreeat
AndEachOtherOverGMOLabelingBill
theendoflastweekthatgivespowerstothe
laborministrytoorderallworkersfromthe
publicandprivatesectorwithenough
physicalcapabilitiesandtechnicalknow
howtojoinagovernmentdriveaimedat
Active on Facebook
increasingfoodproduction.
FearSells,WhyYouShouldn'tBuyIt
WhenItComesToGMOs

Theycanberequiredtoworkinthe
agriculturalsectorfora60dayperiodthat
canbeextendedforanother60daysifthe
circumstancesrequireit.
KPMGVoice:4EssentialGuidelinesFor
BuyingATechCompany

Itsentirelytruethatthisisntchattel
slaverybutitisverymuchakinto
serfdom.Thepeasantmustworkacertain
numberofdaysoftheyearonthelords
+4,341
views in the last 24 hours
land.Althoughwithserfdomtherewas
WhatFacebookAndAppleCanTeachYouAbout
TransferPricing
actuallyaquidproquo:thelorddefended
theserfinreturnthatshowthe
+37institutionarose.Venezuelasbiggest
comments in the last 24 hours
AsIPredicted,Seattle'sMinimumWage
defenseneedistobedefendedfromthe
RiseIsReducingEmployment
idiocyoftheVenezuelangovernment,so
forcingthemtogolaborforitisadding
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29/07/2016

ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

insulttoinjury.

Active on Facebook
Donotethatthisisntjustsomenewssite
TheVA'sLuxuryArtObsession
bigginguptheeffectsAmnesty
Internationalisonthecase:

TrendingNow

Recommended by Forbes
ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
Slavery

CongratulationsTo
CongratulationsTo
BolivarianSocialism
BolivarianSocialism:
Active
on Facebook
VenezuelaIsNowThe
VenezuelaIsNowThe
OverwhelmingEvidenceThatObamacare
CountryWith...
CountryWithNo...
CausedPremiumsToIncrease
Substantially

Anewdecreeestablishingthatany
employeeinVenezuelacanbeeffectively
Active on Twitter
madetoworkinthecountrysfieldsasaway
OrganicLeadersTurnOnWholeFoods
tofightthecurrentfoodcrisisisunlawful
AndEachOtherOverGMOLabelingBill
andeffectivelyamountstoforcedlabor,said
AmnestyInternational.
TryingtotackleVenezuelasseverefood
shortagesbyforcingpeopletoworkthe
Active
on Facebook
fieldsisliketryingtofixabrokenlegwitha
FearSells,WhyYouShouldn'tBuyIt
WhenItComesToGMOs
bandaid,saidErikaGuevaraRosas,
AmericasDirectoratAmnestyInternational.

Thethingis,thisisworsethanjust
bringingbackstateserfdom.Itsalsoa
KPMGVoice:4EssentialGuidelinesFor
ludicrouslystupididea.Backacenturyor
BuyingATechCompany
soyouprobablycouldgetsomeuseful
agriculturalworkoutofmostablebodied
adults.Perhapsnotwhollyeffectiveand
efficientworkbuteveryonewouldhave
+4,341 views in the last 24 hours
hadatleastapassingknowledgeofhow
WhatFacebookAndAppleCanTeachYouAbout
youdiguppotatoesorplantcarrotsor
TransferPricing
something.Afterall,mostgardensback
thendidcontainatleastamodicumofa
+37 comments in the last 24 hours
vegetablepatch.
AsIPredicted,Seattle'sMinimumWage
RiseIsReducingEmployment

Today,inamoderneconomy?90%ofthe
http://www.forbes.com/sites/timworstall/2016/07/29/congratulationstobolivariansocialismvenezuelabringsbackagriculturalslavery/#9bb868f40d8c

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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

peoplewouldntknowwhichendofa

carrotwasupwhenstuckoutinafield

Active on Facebook
somewhere.Andfarmingthesedaysjust
TheVA'sLuxuryArtObsession
isntamatterofhumanlabor.Itsgood
seeds,machineryandgoodpesticides.
Forcingthepopulationoutintothefields
simplydoesnotincreaseagricultural
productivity.Thereisalsothatvery
ThanksToBolivarianSocialism,
disturbingovertoneofthePolPotregime
VenezuelaBringsBackAgricultural
Slavery
wheneveryonereallywasforcedoutinto
thefieldspermanently.

TrendingNow

Thereisafinalpoint:Venezuelas
Active on Facebook
agriculturedoesntsufferfromalackof
OverwhelmingEvidenceThatObamacare
labortoperformit.Itsuffersfromselling
CausedPremiumsToIncrease
Substantially
pricesbeinglowerthanthecostsof
growingthestuff.Thatis,agricultureis
sufferingfromalackofreasontodoit,not
alackofthepeopletodoitiftherewerea
Active on Twitter
reason.

OrganicLeadersTurnOnWholeFoods
AndEachOtherOverGMOLabelingBill

IfMadurosimplyfreedthepricesystemI
guaranteeyouthatthefoodshortageswill
disappear.Fortheyrebeingcausedby
thosepricecontrols,nothingelse.

Active on Facebook

24

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+37 comments in the last 24 hours

AsIPredicted,Seattle'sMinimumWage
RiseIsReducingEmployment

Opinion

#PublicHealth

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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

JUL 28, 2016 @ 08:43 AM

VIEWS

EDITOR'S PICK

Overwhelming
TheVA'sLuxuryArtObsession
EvidenceThat
TrendingNow
ObamacareCaused
PremiumsToIncrease
ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
Slavery
Substantially
Active on Facebook

The Apothecary

Insights into health care and entitlement reform.


FULL BIO

Active on Facebook

Opinions expressed by Forbes Contributors are their own.

OverwhelmingEvidenceThatObamacare
CausedPremiumsToIncrease
Brian
Blase, Contributor
Substantially

TwoscholarsattherenownedBrookings
Institution,LorenAdlerandPaul
Ginsburg,havepublishedananalysis
Active on Twitter
findingthataveragepremiumsinthe
OrganicLeadersTurnOnWholeFoods
AndEachOtherOverGMOLabelingBill
individualmarketactuallydropped
significantlyuponimplementationofthe
ACA[AffordableCareAct].Thiscontrasts
withaplethoraofevidence,includinga
rigorous2014Brookingsstudy,showing
Active on Facebook
thattheACAsignificantlyincreased
FearSells,WhyYouShouldn'tBuyIt
WhenItComesToGMOs
premiums.Inthispost,Idiscuss
methodologicalconcernswiththeAdler
andGinsburgapproachaswellasevidence
thatleadsmostscholarstoreachavery
differentconclusion.
KPMGVoice:4EssentialGuidelinesFor
BuyingATechCompany

Gallery

PlacesWith
TheHighest
+4,341
views in the last 24 hours
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Medicaid
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Enrollment
LaunchGallery

+37 comments
in the last 24 hours
11images

AsIPredicted,Seattle'sMinimumWage
RiseIsReducingEmployment

WhileIwilldiscusstherelevantevidence
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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

oftheACAseffectonpremiumsindepth,

therearethreedatapointsworth

Active on Facebook
emphasizing.First,unlikeAdlerand
TheVA'sLuxuryArtObsession
Ginsburgsapproach,Brookings2014
studyusedactualdataandfoundthat
enrollmentweightedpremiumsinthe
individualhealthinsurancemarket
increasedby24.4percentbeyondwhat
ThanksToBolivarianSocialism,
theywouldhavehadtheysimply
VenezuelaBringsBackAgricultural
Slavery
followedtrends.Second,S&PGlobal
Institutefoundthataverageindividual
marketmedicalcostsincreased
substantiallybetween2013and2015,up
Active on Facebook
anestimated69%.Third,2014insurer
OverwhelmingEvidenceThatObamacare
datashowsthatpremiumsforindividual
CausedPremiumsToIncrease
Substantially
marketQualifiedHealthPlans(QHPs),
ACAcompliantplanscertifiedtobesold
onexchanges,weremuchhigherthan
premiumsforindividualmarketnon
Active on Twitter
QHPs,mostlyplansinexistencebefore
OrganicLeadersTurnOnWholeFoods
2014thatdidnotcomplywiththeACA.
AndEachOtherOverGMOLabelingBill
RelativetononQHPs,insurerscollected
morethan$1,000perenrolleeinhigher
premiumsandmorethan$2,300in
higherpremiumrevenueperenrolleein
Active on Facebook
2014afteraccountingforlargepremium
FearSells,WhyYouShouldn'tBuyIt
subsidyprogramsfortheirQHPs.
WhenItComesToGMOs

TrendingNow

AdlerandGinsburgdonotdiscussthis
previousresearch,andtheiranalysisalso
failstoaccountforothercrucialfactors.
KPMGVoice:4EssentialGuidelinesFor
Theydonotaccountappropriatelyfor
BuyingATechCompany
substantialsubsidiesinsurersreceivedto
discountindividualmarketACAplan
premiums.Theyalsodonotconsiderthe
trendinmedicalclaimscosts,whichis
+4,341 views in the last 24 hours
presumablyabettermeasureoftheACAs
WhatFacebookAndAppleCanTeachYouAbout
effectontheindividualmarketthusfar
TransferPricing
givenboththelargesubsidiesandlarge
lossesinsurershaveincurredsellingACA
+37 comments in the last 24 hours
plans.Instead,mostoftheiranalysisrelies
AsIPredicted,Seattle'sMinimumWage
uponcrudebackoftheenvelope
RiseIsReducingEmployment
estimatesfortheaverageindividual
http://www.forbes.com/sites/timworstall/2016/07/29/congratulationstobolivariansocialismvenezuelabringsbackagriculturalslavery/#9bb868f40d8c

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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

marketpremiumin2009aswellaswellas

foranannualgrowthratetoinflatetheir

Active on Facebook
2009premiumestimate.
TheVA'sLuxuryArtObsession

TrendingNow
Finally,itisworthnotingthatifAdlerand
Ginsburgwerecorrectintheiranalysis,we
wouldexpecttoseeverydifferentresults
ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
thanhaveoccurred.If,astheyclaim,the
Slavery
ACAwasdeliveringbettercoverageat
lowercost,theexchangeswouldhave
attractedawidercrosssectionofenrollees
andmoreinsurerswouldbelookingto
Active on Facebook
enterthesemarkets.Insteadwesee
OverwhelmingEvidenceThatObamacare
CausedPremiumsToIncrease
adverseselectionintheindividualmarket,
Substantially
withspiralingpremiums,sizeableinsurer
exits,andenrolleesgenerallyattractedto
ACAplansonlyiftheyareeitherhighly
subsidizedorrelativelyoldorunhealthy.
Active on Twitter
OrganicLeadersTurnOnWholeFoods

AmpleEvidenceShowsAverage
AndEachOtherOverGMOLabelingBill
PremiumsandSpendingExploded
AfterACAImplementationin2014
Whileitisimportanttolookatdatafor
Active on Facebook
severalyearsafter2013toassessthe
FearSells,WhyYouShouldn'tBuyIt
impactoftheACA,comparingindividual
WhenItComesToGMOs
marketpremiumsin2013withthosein
2014theyearitskeychangestookeffect
providesanapproximationoftheinitial
change.TheManhattanInstitute
KPMGVoice:4EssentialGuidelinesFor
comparedtheaverageofthefiveleast
BuyingATechCompany
expensivepreACAplansin2013withthe
leastexpensiveplansavailableon
exchangesin2014.Manhattans
researchersadjustedthepreACAplan
+4,341
views in the last 24 hours
premiumsupwardtoaccountforthe
WhatFacebookAndAppleCanTeachYouAbout
populationfacingsurchargesordenied
TransferPricing
coveragebecauseofapreexisting
condition.Manhattanestimatedthatthe
+37 comments in the last 24 hours
averagestateindividualmarketpremium
AsIPredicted,Seattle'sMinimumWage
increased41%between2013and2014.A
RiseIsReducingEmployment
countylevelanalysissuggestedthat

http://www.forbes.com/sites/timworstall/2016/07/29/congratulationstobolivariansocialismvenezuelabringsbackagriculturalslavery/#9bb868f40d8c

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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

premiumsincreasedby49%.

Active on Facebook

Recommended
by Forbes
TheVA'sLuxuryArtObsession

TrendingNow
NewStudy:
NewReportSuggests
ThanksToBolivarianSocialism,
ObamaCareEnrollees
MassiveInsurer
VenezuelaBringsBackAgricultural
TwiceAsExpensiveAs
LossesIn2015On
Slavery
OtherIndividual
ObamacareAs
Market...
Healthcare...

Active on Facebook

OverwhelmingEvidenceThatObamacare
The2014Brookingsstudyonthissame
CausedPremiumsToIncrease
subjectbyAmandaKowalskiand
Substantially
unaddressedbyAdlerandGinsburgused
actualpreACAindividualmarket
premiumdata,findingthat[a]crossall
states,frombeforethereformtothefirst
Active on Twitter
OrganicLeadersTurnOnWholeFoods
halfof2014,enrollmentweighted
AndEachOtherOverGMOLabelingBill
premiumsintheindividualhealth
insurancemarketincreasedby24.4
percentbeyondwhattheywouldhavehad
theysimplyfollowedstatelevelseasonally
adjustedtrends.AccordingtoKowalski,
Active on Facebook
FearSells,WhyYouShouldn'tBuyIt
theManhattanInstituteestimatesare
WhenItComesToGMOs
higherlikelybecausetheywerenot
enrollmentweighted,andindividualsin
areaswithhighpremiumslikelyselected
cheaperplans.
KPMGVoice:4EssentialGuidelinesFor

BuyingATechCompany
EconomistsattheUniversityof
Pennsylvania,alsousingactualpreACA
individualmarketdata,estimatedthatthe
totalexpectedpriceofindividualmarket
coverage(premiumsplusoutofpocket
+4,341
views in the last 24 hours
payments)increasedby14%to28%asa
WhatFacebookAndAppleCanTeachYouAbout
TransferPricing
resultoftheACA.Accordingtotheir
findings,thepreACAaveragepremium
+37waslowerthanthelowestsilverplan
comments in the last 24 hours
AsIPredicted,Seattle'sMinimumWage
premium.Pennseconomistsalso
RiseIsReducingEmployment
estimatedthatplansintheindividual
marketbeforetheACAhadsimilar
http://www.forbes.com/sites/timworstall/2016/07/29/congratulationstobolivariansocialismvenezuelabringsbackagriculturalslavery/#9bb868f40d8c

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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

actuarialvaluetosilverplans,notan

averageactuarialvaluethatwas10

Active on Facebook
percentagepointsless(and17%less)than
TheVA'sLuxuryArtObsession
assumedbyAdlerandGinsburg.
Importantly,allofthesestudiescompare
grosspremiumsbeforeandaftertheACA
withoutaccountingforsubsidiesthat
loweredACAplanpremiums.

TrendingNow

ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
Slavery
Perhapsthemoststrikingvisualdatathat

suggestAdlerandGinsburgsconclusions
arewrongisanS&PGlobalInstitute
analysisofindividualmarketpermember
Active on Facebook
permonth(PMPM)costsfromMay.The
OverwhelmingEvidenceThatObamacare
figurebelowfromtheS&Preportshows
CausedPremiumsToIncrease
Substantially
trendsinPMPMcostsfortheindividual
andemployerprovidedmarkets.TheACA
isresponsibleforthehugespike,clearly
showninthefigure,intheindividual
Active on Twitter
marketPMPMcosts,whichbyearly2015
OrganicLeadersTurnOnWholeFoods
exceededPMPMcostsintheemployer
AndEachOtherOverGMOLabelingBill
markets.

Active on Facebook

FearSells,WhyYouShouldn'tBuyIt
WhenItComesToGMOs

KPMGVoice:4EssentialGuidelinesFor
BuyingATechCompany

ThedatashowsahugeincreaseinPMPM
costsintheindividualmarketbetween
2013and2015.AccordingtoS&P,PMPM
+4,341 views in the last 24 hours
costsincreased38%between2013and
WhatFacebookAndAppleCanTeachYouAbout
TransferPricing
2014,andanother23%between2014and
2015.Thetwoyearincrease(69%)isthe
+37productofthetwosingleyearincreases.
comments in the last 24 hours
AsIPredicted,Seattle'sMinimumWage
RiseIsReducingEmployment

http://www.forbes.com/sites/timworstall/2016/07/29/congratulationstobolivariansocialismvenezuelabringsbackagriculturalslavery/#9bb868f40d8c

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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

Active on Facebook

TheVA'sLuxuryArtObsession

TrendingNow
ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
Slavery

ThecomparablePMPMcostincreasein
Active on Facebook
theemployermarket,whichtheACA
OverwhelmingEvidenceThatObamacare
affectedmuchless,amountedtoabout
CausedPremiumsToIncrease
Substantially
11%.Assumingan11%increasewould
havehappenedintheindividualmarket
absenttheACA,averyroughinitialguess
wouldbethattheACAincreased
Active on Twitter
individualmarketPMPMcostsbyabout
OrganicLeadersTurnOnWholeFoods
58%between2013and2015.As
AndEachOtherOverGMOLabelingBill
previouslynoted,premiumsdidnot
increasebythisfull58%becauseof
insurerslargelossesandthelarge
subsidiestheyreceived.

Active on Facebook

FearSells,WhyYouShouldn'tBuyIt
Itisworthnotingthattheindividual
WhenItComesToGMOs
marketincludesbothACAcompliant
plansaswellasnonACAcompliantplans.
IfonlyACAcompliantplanswere
includedinthepost2013data,thespike
KPMGVoice:4EssentialGuidelinesFor
wouldlikelybemuchlarger.
BuyingATechCompany

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TransferPricing

+37 comments in the last 24 hours

AsIPredicted,Seattle'sMinimumWage
RiseIsReducingEmployment

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ThanksToBolivarianSocialism,VenezuelaBringsBackAgriculturalSlaveryForbes

Active on Facebook

TheVA'sLuxuryArtObsession

TrendingNow

EDITOR'S PICK

ThanksToBolivarianSocialism,
VenezuelaBringsBackAgricultural
Slavery

Active on Facebook

OverwhelmingEvidenceThatObamacare
CausedPremiumsToIncrease
Substantially

Active on Twitter

OrganicLeadersTurnOnWholeFoods
AndEachOtherOverGMOLabelingBill

Active on Facebook

FearSells,WhyYouShouldn'tBuyIt
WhenItComesToGMOs

KPMGVoice:4EssentialGuidelinesFor
BuyingATechCompany

+4,341 views in the last 24 hours

WhatFacebookAndAppleCanTeachYouAbout
TransferPricing

+37 comments in the last 24 hours

AsIPredicted,Seattle'sMinimumWage
RiseIsReducingEmployment

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