Healthcare Reform Act Prediction Market
An anonymous reader writes "The Wisconsin School of Business is running a prediction market study on the U.S. Supreme Court's decision on the Healthcare Reform Act. By participating you will not only be helping university students, you will also get to express your opinion and compete with others to show that you have the most accurate prediction."
By participating you will not only be helping university students, you will also get to express your opinion and compete with others to show that you have the most accurate prediction."
So basically, participating gets me bragging rights. But who would I brag to? In any case, I think this study is a simple 'wisdom of the crowds' experiment and they should just come out and say it. "helping university students" is a poor reason to participate. Most places when they do a "count the number of pennies in the jar" game, offer to give the jar to the person with the closest answer. So... where's the jar?
#fuckbeta #iamslashdot #dicemustdie
Based on everything I've read and heard, and all the information I currently have at my fingertips, my prediction is I just got a first post. That's right. I'd like to share this one with the big man himself, Jesus. I couldn't have done it without him. First post for Jesus. Shout out to my homies.
Judging from the results of my recent final 4 picks I am not too optimistic now about my ability to predict what the court will find!
Scotus will most likely delay the decision, it's election year, and Obama has ways to pressure them, but Republicans will have to show their base they are not signing under the mandate being constitutional (and it's not), so it's most likely to be delayed.
But a more important prediction: if/when this act goes into effect expect many of the companies that have maybe up to 100 people all of a sudden lose half of their employees so not to go over 50 employee maximum after which they have to comply with various provisions.
You can't handle the truth.
InTrade already has a market running on this issue, where you can bet real money: https://www.intrade.com/v4/markets/contract/?contractId=745353
By showing on the home page how the results are trending, they've already skewed their results! Y'all should read Predictably Irrational. Sheesh.
When I first went on 20 minutes ago, it was showing that it would be found constitutional....now...there is a huge surge to unconstitutional....
This is one of those topics you'll have a strong opinion one way or the other. I'm sure most folks are saying what they "want", not what they logically think will happen. Even those who try to separate the 2 probably can't, due to moral compass skew.
The site seems to be a waste of energy when alternative sources exist with a much greater volume of activity. The prime example that comes to my mind is the Iowa Electronic Markets. I understand the Big Ten rivalry, but why reinvent the wheel? Do they honestly expect to get valuable commentary in conjunction with the votes?
If you want to earn money off market predictions, then try iPredict:
https://www.ipredict.co.nz
And I'm placing odds it'll stand.
“He’s not deformed, he’s just drunk!”
The French do not use the Common Law system. They use the Civil Law system, which is derived from the Napoleonic Code, which is derived from the Code of Justinian, which actually dates from well before the fall of the Roman Empire.
The United Kingdom uses the Common Law system.
The United States uses both. The federal system uses Common Law, as do most of the states: but Louisiana in particular uses a Civil Law-based system, in keeping with its heavily French heritage.
I don't see that either one is clearly superior. If you take a look at what comes out of Louisiana state courts, you'll see they're just as crazy as any other system. It's just crazy of a slightly different flavor. You might think that flavor tastes better, but I don't.
and slashdot says you are a troll. I think right on both counts.
http://en.wikipedia.org/wiki/Judicial_activism#Origins_of_the_term
46 & 2
There aren't that many possibilities, really. The scotus can toss it out entirely, let it stand, or remove just some parts of it. They aren't going to rewrite it (that's not their job). Similarly they can't just make their own law in its place. Any other proposed solution is likely even further from the realistic possible outcomes.
Hence the notion of "most accurate prediction" is rather absurd in this case. You get it right, or you don't. The options essentially boil down to A, B, and C. If you answer F, 7, or blue, you likely have no idea what's going on.
Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
I have of people with good health care benefits have the insurance co trying to find ways to get out of paying out when some one got sick.
and yes it's was a cop or fireman plan.
killing the mandating part may lead stuff out side health care being challenged in the courts. Like maybe like SOME to ALL taxes, homeowners and auto insurance.
City water and sewer fees (why can't I do it on my own and not be forced to pay)
workers comp, unemployment.
and other stuff
Taxes are taxes, and I doubt the Court is going to challenge that.
They may, however, decided that since the mandate isn't a tax, and it's only justified under the Commerce Clause, that we've been misinterpreting the Commerce Clause for a few decades. THAT would enable them to chuck... well, practically every piece of legislation for the last 50 years, including the Civil Rights Act.
I think the Healthcare laws will pass the Supreme Court as written or very close to as written. The reason I think that is that insurance companies and hospitals are probably already deeply invested in all that must be changed in a few months. To go back would be a huge expense. Then we would see our very expensive congress tied up for a year or two hashing out the same material. I would also think that many doctors have changed the way their practice works or hired new help or partners in planning for the change. The insurance companies must be thrilled at the prospect of millions of new policies being sold. There are a lot of forces at work that would tend to push the process along. The right wing would also take a huge hit if health care was delayed. I see no way for a political candidate to advance without being very much in favor of universal health coverage.
That is the stupidest thing I've heard in a long time; and keep in mind that there's been a Republican primary underway for quite a while.
killing the mandating part may lead stuff out side health care being challenged in the courts. Like maybe like SOME to ALL taxes, homeowners and auto insurance.
City water and sewer fees (why can't I do it on my own and not be forced to pay)
workers comp, unemployment.
and other stuff
Those fees/taxes are all state and local - so no worries; commerce clause doesn't apply. And "all taxes" gets tried every year all the time - it never makes it out of local or district court.
Homeowners insurance is mandated by your mortgage, not a law (in some areas). If your house is paid off you can live dangerously if you want. You can smoke 2 packs a day too. They're equally good ideas.
----
Re the bill:
I think this gets killed entirely. There's no severability clause, so one part being unconstitutional kills the whole thing by default in those cases. And in this particular case killing just the mandate breaks the insurance industry in half. Honestly that might not be a bad thing, they're all crooks of the highest order. And the biggest of the crooks is Medicare... they are the undisputed champions of not paying Dr.s for services...
killing the mandating part may lead stuff out side health care being challenged in the courts. Like maybe like SOME to ALL taxes, homeowners and auto insurance.
City water and sewer fees (why can't I do it on my own and not be forced to pay)
workers comp, unemployment.
and other stuff
No, this is a pretty empty argument. Congress clearly has taxing power, and that power is itself limited clearly in the Constitution (in short... Congress just can't lay taxes for anything they please). Nowhere in the Constitution, however, is there the power for Congress to make you buy goods or services from third parties. To glean this power from the commerce clause would be to make the commerce clause supreme over the rest of the Constitution as a whole . What's funny is that If Congress had simply passed a new tax to pay for universal coverage, they'd have been fully in their authority to do so (provided they taxed related services, like your Blue Cross plan). But that's not what this bill did. It assessed a penalty for non-particiapation, regardless of the choice of individuals.
And the homeowners/auto insurance argument really doesn't fly either. The government can't penalize you for not buying a house or a car by hitting you with a fine for refusing to buy. "Obamacare" did precisely that with medical insurance. It was effectively a tax on being alive. You don't have to buy a car.
Life is hard, and the world is cruel
It's called Fantasy Scotus:
http://www.fantasyscotus.net/healthcare-case-predictions/
These guys have been doing this for years, and it's meant for lawyers and other legal eagles to participate. They have a very good success rate and have markets for all the cases that are being heard. The participants are people in the know, which makes their predictions more reliable than a typical political prediction site.
Nowhere in the Constitution, however, is there the power for Congress to make you buy goods or services from third parties
The 2nd congress and president Washington evidently had a different idea about that, at least regarding firearms and associated equipment.
"That each and every free able-bodied white male citizen of the respective States, resident therein, who is or shall be of age of eighteen years, and under the age of forty-five years (except as is herein after excepted) shall severally and respectively be enrolled in the militia...That every citizen, so enrolled and notified, shall, within six months thereafter, provide himself with a good musket or firelock, a sufficient bayonet and belt, two spare flints, and a knapsack, a pouch, with a box therein, to contain not less than twenty four cartridges, suited to the bore of his musket or firelock, each cartridge to contain a proper quantity of power and ball; or with a good rifle, knapsack, shot-pouch, and powder-horn, twenty balls suited to the bore of his rifle, and a quarter of a pound of powder
Though as far as I can determine, any penalty for not following that directive is not specified in the law.
upon the advice of my lawyer, i have no sig at this time
No side is saying the mandate it is a tax there are other portions of the law that are taxes and also raise existing taxes.
If it was a tax you would not have this situation.
When it is struck down it will be written up as a "special case" and use other terms that were given as a reason somthing this major takeover should be allowed. If by some reason it is allowed they will also use the same term to place some limit on why the federal government now does not have the abaility to dictate everything you buy.
and now the gov't is arguing in front of SCOTUS, saying that it is constitutional BECAUSE it is a tax.
did you sleep through the first day's arguments in front of the scotus? the obama administration very flatly argued that the mandate and the penalty for non-compliance is not a tax. both the obama administration and the conservative ags took that stance; the counter had to be made by a court appointed solicitor in order to move on to days 2 and 3.
And the homeowners/auto insurance argument really doesn't fly either. The government can't penalize you for not buying a house or a car by hitting you with a fine for refusing to buy. "Obamacare" did precisely that with medical insurance. It was effectively a tax on being alive. You don't have to buy a car.
In addition the Federal government does not make the car insurance mandate - the states do (this is also why Massachusetts health care is constitutional). The 10th Amendment reads:
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."
I looked. The Trillion Dollar Question is the poll on the Individual Mandate. The panel there is pretty much split 50/50 which means even those in the know don't know how this is going to turn out.
There are 9 Supreme Court Justices, 5 appointed by Republican Presidents. Is there enough doubt that they will vote the law down to justify this prediction effort?
The Healthcare reform law will probably be voted as unconstitutional while the Patriot Act will continue to exist. How upside down is that?
To my understanding, the Supreme Court is involved because it may be unconstitutional to require citizens to buy anything.
Yet, I was required to buy auto insurance by every state I lived in.
Do state laws not need to be constitutional ?
What are the odds and do the offer a odds on the split (5-4 constitutional, 5-4 unconstitutional, 6-3 constitutional, etc)?
Time to offend someone