As Voodoo Economics Fails in Kansas, Trump Takes It National

“Kansas GOP Gov. Sam Brownback’s tax cuts have failed so dramatically and incontrovertibly that the state’s Republican legislature overrode Brownback’s veto to eliminate them. Incredibly, a majority of the Republicans in both chambers of the state legislature voted against the tax cuts. In a new interview with Russell Berman, Grover Norquist insists the failure in Kansas does not tell us much at all about anything. ‘If you’re a Republican looking for a model,’ he says, ‘Kansas is not the model.'” So much for voodoo economics (aka trickle down economics).  More …

Insurance CEO: I’m Raising Obamacare Premiums Because of Trump

“Most health insurance executives will demur when you ask questions about whether the Trump administration is making Obamacare more expensive. Not Brad Wilson. He’s the chief executive of Blue Cross Blue Shield North Carolina, a health insurance plan that just filed a 22.9 percent Obamacare rate increase in 2018. Wilson had hoped to have a smaller rate increase this year; he feels like, after years of losing money, the North Carolina marketplace is finally stabilizing. But Wilson is asking for a big increase in 2018 because it does not expect the Trump administration to fund a key Obamacare program, the cost-sharing subsidies.”  More …

There Are Now 47 Counties Where No Health Plans Want to Sell Obamacare

“Slowly but surely, we are seeing the practical effects of the Trump administration’s efforts to sow uncertainty over the Affordable Care Act’s future. They look like the very early stages of collapse. Over the past two weeks, key health insurance plans have quit or scaled back participation in Obamacare marketplaces. This means there are now 47 counties scattered across Missouri, Ohio, and Washington with zero health plans signed up to sell 2018 marketplace coverage.”  More …

While You Were Watching Comey Say ‘Lordy,’ the GOP Held a Secret Meeting to Gut Obamacare

“While a distracted nation continues to sift through what Comey said—and what it actually meant—Republicans have been meeting in secret to nail down their plan to repeal and replace the Affordable Care Act…  On Wednesday, Senate Majority Leader Mitch McConnell, R-Ky., invoked Senate Rule 14, which allows a bill to bypass committee consideration and be brought to the floor for a vote. That means no hearings and no debate, and improves the prospect of a vote before the Senate leaves Washington for its August recess.”  More …

Peter Thiel & Palantir Go from Pentagon Outsider to Mattis’ Inner Circle

“At least three members of the Defense secretary’s inner circle worked, lobbied or consulted for the Silicon Valley company… It represents a sharp rise in prominence for the company, which just months ago could barely get a meeting in the Pentagon. Last year, Palantir even had to go to court to force its way into a competition for a lucrative Army contract.”  More …