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Location: Washington DC

Monday, January 31, 2011

The Trouble with Obamacare

I am all for medical insurance reform, but I believe it should be a free-market, customer-centric approach. Since you could save money by making wise decisions, you might bypass expensive, questionable procedures that people generally rush out to get today because they perceive the treatments as being"free," which isn't the case. If you have an good insurance plan at work, you are getting less pay than you other wise would recieve. If the money came out of your medical savings plan then you would think twice about orthosopic knee surgery, which I know first hand is a waste of money. If you had afib, you'd think twice about soending $25,000 from your medical savings account for ablation because it only works 60% of the time and, if successful, seldom has lasting benefits beyond six years.
Obamacare wants to cut costs by making us more healthy through preventive medicine. And so the government, like a nagging spouse, begins dictating to us what we can eat and can't eat and other lifestyle choices. The system infringes on our freedom. It turns us into wards of the state.
I shop at the grocery; at the car dealership; and I am smart enough to shop for healthcare without the help of a Nanny State.

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Wednesday, January 12, 2011

Lucky Stars

How lucky can I get? In the midst of a deep recession, a publisher caled me and asked if i could expand a 600-word column ont he Flash Crash and high-frequency trading into a book! Ijumped at teh chance. I've been trying to get a book published for years. A marathon of research and writing ensued. I had my day job too. My wife lived like a widow. Iwas locked in the den. Finally: "Crapshoot Investing: How Tech Savvy Traders and Clueless Regulators Turned the Stock marketinto a Casino." We are proffreading the final chapters. Galleys go out in February. The book hits the stores around March 24. the official launch is in April. Checjk it out at FT Press, or just Google McTague and Crapshoot Investing.
I love the book. I can read it now with a degree of clinical detachment. I do believe it will entertain, shock, and educate the public.