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CMS drops Obamacare rules on transgender care that worried religious freedom advocates
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Monkeypox Gay Pride
2022-07-12 02:20:00 UTC
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Provisions relating to transgender procedures were excluded from
the Biden administration's rulemaking on nondiscrimination
protections in Obamacare plans, a last-minute change welcomed by
religious liberty advocates.

The Centers for Medicare and Medicaid Services released a final
rule Thursday updating Obamacare's regulations that drops a
January proposal to change the civil rights provision known as
Section 1557 to include "gender identity" and "sexual
orientation" as categories explicitly protected from
discrimination. Section 1557 already prohibits discrimination
based on race, color, national origin, sex, age, and disability
in health programs and activities that receive federal funding.

Nor did Thursday's final rule include a separate proposal
related to transgender services that had worried religious
liberty advocates. That second proposal was meant to stop
insurers from limiting the coverage of essential health
benefits, or the list of health services insurers are required
to cover under Obamacare, based on gender identity in treating
gender dysphoria when clinical evidence demonstrates that such
coverage is medically necessary for transgender people.

For instance, if an insurer were to cover hormone therapy to
treat nontransition-related conditions, the plan must also cover
the therapy for the treatment of gender dysphoria — that is,
emotional distress due to a disconnect between gender identity
and biological sex. Not doing so would be presumptively
discriminatory, per the initial proposed rule.

The agency’s move to put off consideration of the proposals
offered a temporary reprieve for religious freedom advocates,
who characterized the second rule as a mandate on insurers to
cover the cost of gender transition care such as hormone
therapy, reassignment surgery, and puberty blockers despite
whatever religious or moral objections they might have.

“CMS’s decision to drop its plans to mandate insurance coverage
of irreversible and sterilizing medical and surgical gender
transition procedures, including for children, is huge,” said
Rachel Morrison, a policy analyst at the Ethics and Public
Policy Center, a conservative think tank. "For an agency to
completely abandon a proposal at the final stage, especially one
that aligns so closely with the administration’s priorities, is
practically unheard of."

This is not the end of the road for the rules, though. The
nondiscrimination proposals related to sexual orientation and
gender identity will be considered “at a later time,” the rule
indicated, “to ensure that they are consistent with the policies
and requirements that will be included in the section 1557
rulemaking.”

The rules, if finalized, were expected to prompt a legal
conflict between the government healthcare agency and religious
freedom advocates. The initial proposal did not detail what
kinds of exemptions insurers and employers paying for insurance
for their workers would be allowed. However, conservatives said
that, if finalized, the rule would have likely run afoul of the
Religious Freedom Restoration Act, a 1993 law that established
legal safeguards for religious people and entities with respect
to federal rules.

https://www.washingtonexaminer.com/restoring-america/faith-
freedom-self-reliance/cms-drops-obamacare-rules-on-transgender-
care-that-worried-religious-freedom-advocates
Monkeypox Gay Pride
2022-07-12 03:25:58 UTC
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Dow component Walt Disney Co. (DIS) reports Q2 2022 results next
week, with analysts looking for a profit of $1.19 per-share on
$20.04 billion in revenue. If met, earnings-per-share (EPS) will
mark a 51% profit increase compared to the same quarter last
year, when renewed Covid restrictions delayed reopening plans.
The stock rallied to 157 after beating Q1 estimates in February
but that buying spike marked the highest high in the last three
months, ahead of a major decline that’s relinquished 25% of its
value.

Politics vs. Profits
The Mouse has lost nearly 45% in two months since posting an all-
time high above 200 in March, close to repeating 2020’s 49%
somersault. Worse yet, the company is entangled in hot-button
social justice issues, practically ensuring that half of its
diverse customer base is angry with its actions. That’s no way
to protect an American brand that’s defined wholesome family
entertainment since “Steamboat Willie” was released in 1928.

Disney rallied in 2020 on the rapid growth of its streaming
service but recent subscriber numbers have been mixed, for the
same reason that Netflix Inc. (NFLX) recently warned about
subscriber losses in the second quarter. Many who were stuck at
home with kids in the first year of the pandemic subscribed to
Disney+ to keep them engaged between Zoom school sessions. That
phenomenon ’pulled forward’ future sales, generating a classic
saturated market for streamers.

Wall Street and Technical Outlook
Wall Street has been asleep at the wheel during the Disney
decline, generating an ‘Overweight’ consensus based upon 21
‘Buy’, 2 ‘Overweight’, and 8 ‘Hold’ recommendations. Worse yet,
price targets currently range between a low of $130 and a Street-
high $229 but the stock will trade on Friday more than $20 below
the low target. This huge disconnect highlights the failure of
analysts to measure the financial impact of the Netflix warning
and social justice controversy.

Walt Disney finally cleared 2015 resistance at 122 in December
2020, entering a brief uptrend that hit an all-time high at
203.02 in March 2021. The subsequent decline sliced through the
2019 high in January 2022, signaling a failed breakout that’s
dropped the stock to levels first struck in April 2015. Disney
pays no dividend so that horrific performance translates into a
zero seven-year return, making it one of the Dow’s worst
performers. Accumulation has dropped to a 10-year low at the
same time, further darkening the long-term outlook.

Catch up on the latest price action with our new ETF performance
breakdown.

Disclosure: the author held no positions in aforementioned
securities at the time of publication.

This article was originally posted on FX Empire

https://finance.yahoo.com/news/walt-disney-near-two-low-
122832113.html
Stephen C. Newberry
2022-07-22 22:40:01 UTC
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Staff at the Museum of Jewish Heritage in New York City
attempted to ban Gov. Ron DeSantis (R-FL) from speaking at a
Jewish Leadership Conference, according to its organizers.

Elliott Abrams and Eric Cohen, two executives of the Tikvah Fund
and conference organizers, planned to host the event at the
museum. The staff there reported to them that DeSantis wouldn't
be allowed on the museum grounds.

Staff reportedly told Abrams and Cohen that "DeSantis didn’t
'align with the museum’s values and its message of
inclusivity,'" the two wrote in an opinion piece Thursday.

When the two confronted museum CEO Jack Kliger, he reportedly
told them, “Don't do politics ... whether left or right.”
Meanwhile, it hosted Rep. Jerry Nadler (D-NY) and then-
Councilman Bill de Blasio in 2009, Rep. Alexandria Ocasio-Cortez
(D-NY) in 2018, and then-Gov. Andrew Cuomo in 2020.

The museum has since denied all allegations in a string of
tweets Friday, claiming the situation was "not a free speech or
censorship issue."

"Today we responded to a factually inaccurate opinion piece in
[the Wall Street Journal] about a proposed rental event. Let us
be clear: No one was banned or cancelled," the museum's tweet
read. "No contract with the Tikvah Fund was ever signed for this
rental event to be held at the Museum and no deposit was ever
made."

"The Tikvah Fund is trying to create a fight where none exists,"
the thread continued. "We welcome Governor DeSantis and elected
officials from across the spectrum to visit the Museum of Jewish
Heritage — A Living Memorial to the Holocaust for a tour."

Abrams and Cohen wrote that they still plan to go on with the
event, with DeSantis as a speaker. They claimed to have picked
the Florida governor "to discuss how the 'Florida model' has
contributed" to the recent "Jewish renaissance underway."
Florida is home to the third-largest population of Jewish people
in the nation, according to data from 2020.

https://www.washingtonexaminer.com/news/jewish-heritage-museum-
staff-attempt-to-ban-desantis-from-premises-report

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