Health insurance obscenity of the day: a twelve-year-old boy who has already spent his lifetime maximum benefit.

Other links.

* Inevitable endpoint of historical trends: Administrators in the Undergraduate Studies (US) office [at UC Davis] have asked if freshmen seminar instructors would voluntarily opt out of their quarterly stipend for teaching the one-to-two-unit courses for freshmen.

* The Italian magazine Wired has your map of the future.

* Bootleg DVD covers.

* Dick Armey: "The largest empirical problem we have in health care today is too many people are too overinsured." Of course! That's the problem.

* Someone really didn't think this one through.

* How American politics works, part 1: [The Boxer] bill will be a dead letter. Already there’s an undercurrent of anxiety in Washington that a bill can never pass as long as it’s associated with an unpopular lady senator who runs one of the body’s most liberal committees. The Senate isn’t like the House. There is no party discipline among Democrats; in fact, Democratic senators are fond of explicitly disclaiming party discipline. It’s a chamber full of large, jostling egos and not a little old-boy sexism. They’re not about to let a combative liberal woman run the show.

* How American politics works, part 2: What not to spend your empire's money on.

* Who is running for president in 2012? Only the new mayor of Manchester, N.H., knows for sure. Matt Yglesias has your chart showing no Republican can win in 2012, while Hendrik Hertzberg has something you can't get in your fancy East Coast universities: his gut.

* And Pandagon considers Betty Draper.

Even more Wednesday links.

* Not just talk: Reid and Schumer will introduce legislation to yank the health insurance industry's antitrust exemption.

* Conflicts of interest we can believe in: Hank Paulson. The original version of this post, which was up for about two minutes, confused Paulson with Timothy Geithner, who I also don't like, but who I guess is a step up.

* Among other things, this YouTube video of a Normandy Beach veteran speaking about marriage equality speaks to the (often underutilized) power of American exceptionalism in the service of progressive political causes. It's quite moving.

* 'Papers reveal Gabriel Garcia Marquez was under Mexican surveillance for years.'

* Duke Plans To Become ‘Climate Neutral’ By 2024.

* And Maureen Ryan at the Chicago Tribune says the next two weeks of Dollhouse will not disappoint. I've been pretty disappointed all season, so I hope she's right.

Wednesday night quadruple threat.

* Maybe my favorite science story ever: A pair of otherwise distinguished physicists have suggested that the hypothesized Higgs boson, which physicists hope to produce with the collider, might be so abhorrent to nature that its creation would ripple backward through time and stop the [Large Hadron Collider] before it could make one, like a time traveler who goes back in time to kill his grandfather. I love this story so much I don't care that they're only half-serious.

* Why Are Insurers Exempt From Antitrust Laws? Ezra Klein investigates in light of Harry Reid's statements on the Senate floor today.

* Wes responds to his FMF critics. (Via Eli Glasner)

* One thing that's being lost in all this discussion of the Saudi proposal that oil-producing nations be compensated for declines in oil demand is, as Jaimee reported for the Indy not that long ago, energy companies in the U.S. want the same thing.

Tuesday!

* Elsewhere in actually existing media bias: Rupert Murdoch supposedly wants to buy NBC Universal, for what I can only assume is pure spite.

* Yesterday's bogus insurance industry "bombshell" seems to have backfired, galvanizing support for reform and making the passage of some sort of public option more likely. Olympia Snowe just cast a vote for the Senate Finance Committee bill on its way out of committee, saying, "When history calls, history calls."

* This American Life is doing back-to-back shows on the same topic (health care) for the first time in its history this week and next. This week's episode on the doctor- and patient-side pressure that contribute to rising costs is quite good, if perhaps a bit generous to the insurance companies; next week's episode, promisingly entitled "Somebody Else's Money," will focus on the insurance companies themselves.

* If classic games had achievements.

* At the core of the C.T.E. research is a critical question: is the kind of injury being uncovered by McKee and Omalu incidental to the game of football or inherent in it? Part of what makes dogfighting so repulsive is the understanding that violence and injury cannot be removed from the sport. It’s a feature of the sport that dogs almost always get hurt. Something like stock-car racing, by contrast, is dangerous, but not unavoidably so.

In 2000 and 2001, four drivers in Nascar’s élite Sprint Cup Series were killed in crashes, including the legendary Dale Earnhardt. In response, Nascar mandated stronger seats, better seat belts and harnesses, and ignition kill switches, and completed the installation of expensive new barriers on the walls of its racetracks, which can absorb the force of a crash much better than concrete. The result is that, in the past eight years, no one has died in Nascar’s three national racing series. Stock-car fans are sometimes caricatured as bloodthirsty, eagerly awaiting the next spectacular crash. But there is little blood these days in Nascar crashes. Last year, at Texas Motor Speedway, Michael McDowell hit an oil slick, slammed head first into the wall at a hundred and eighty miles per hour, flipped over and over, leaving much of his car in pieces on the track, and, when the vehicle finally came to a stop, crawled out of the wreckage and walked away. He raced again the next day. So what is football? Is it dogfighting or is it stock-car racing?

* And bad news, everyone: we're post SF again.

Wall Street has apparently learned nothing from nearly toppling the global economy last year.

The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die.

Awesome. See you in a few years for the next crash.

Health insurance monopolies vs. the public option, at TPM (now hiring!).

The report, released by Health Care for America Now (HCAN), uses data compiled by the American Medical Association to show that 94 percent of the country's insurance markets are defined as "highly concentrated," according to Justice Department guidelines. Predictably, that's led to skyrocketing costs for patients, and monster profits for the big health insurers. Premiums have gone up over the past six years by more than 87 percent, on average, while profits at ten of the largest publicly traded health insurance companies rose 428 percent from 2000 to 2007.

Far from healthy market competition, HCAN describes the situation as "a market failure where a small number of large companies use their concentrated power to control premium levels, benefit packages, and provider payments in the markets they dominate."

So extreme is the level of consolidation, in fact, that one former top Federal Trade Commission official working with HCAN has sent a letter to the Justice Department's Antitrust Division, asking for an investigation into the health insurance marketplace.

The problem is most acute in small rural states, according to the report. In Shelby's own state of Alabama, the biggest insurer, Blue Cross Blue Shield, controls 83 percent of the statewide market. There, and in nine other states -- Hawaii, Rhode Island, Alaska, Vermont, Maine, Montana, Wyoming, Arkansas and Iowa -- the two largest health insurers control at least 80 percent of the market. So much for Shelby's "marketplace for health care."

Mitch sends along this fascinating article about North Korea and reinsurance fraud.

"The exact scale of the fraud is hard to determine . . . because the insurance industry has been so gullible," Asher said. North Korean insurance fraud "was absolutely something I should have been looking into more when I was running the [State Department's] illicit activities initiative," he added.

Some details emerged in London last year when lawyers for German insurance giant Allianz Global Investors, Lloyd's of London and several other reinsurers disputed a North Korean reinsurance claim for the 2005 crash of a helicopter into a government-owned warehouse in Pyongyang. According to court documents, the companies alleged that the helicopter crash had been staged, that a North Korean court's decision to uphold the claim had been rigged and that the North Korean government routinely used insurance fraud to raise money for the personal use of Kim Jong Il.

A British appeals court allowed the case to go forward, but as it went to trial in December, the insurance companies agreed to a settlement that amounted to a nearly complete victory for the North Koreans: The insurers retracted all allegations of fraud against Korea National Insurance Corp. (KNIC) and paid out about $58 million, or 95 percent of the North Korean claim for the crash.