ConservaDerrps
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11 facts about the Affordable Care Act
I love Ezra Klein (insert shouts of "hater," "hack" and "liar).
This list is brilliant and carries some very important facts with it. Some of which dispels the "OH MY GOD WE'RE ALL GONNA GET TAXED OUT OF EXISTENCE!" hysteria that the Right Wing Media and posters here are all falling victim to.
This bill is far from perfect, but the benefits far outstrip the negatives. In 10 years, all you crusty old fucks will be standing out on the steps of City Hall with signs that read, "DON'T TAKE MAH OBAMMACURE!"
"How will this help me afford health care, if I'm so broke already? I'll get taxed for not being to afford it in the first place!!"
"It's massive tax increase on the Middle Class!"
"It'll cripple small businesses!"
"All my money is going to get taken away from some medical insurance company's CEO bonus!"
"It'll bankrupt the country!!!"
"Health care costs are spiraling out of control and this law does NOTHING to prevent that!"
Hate site!
Haters!
Liars!
Hacks!
Kenya!
Socialism!
Those will be the responses. But now at least there's a CHANCE you ignorant fucks will educate yourself.
I love Ezra Klein (insert shouts of "hater," "hack" and "liar).
This list is brilliant and carries some very important facts with it. Some of which dispels the "OH MY GOD WE'RE ALL GONNA GET TAXED OUT OF EXISTENCE!" hysteria that the Right Wing Media and posters here are all falling victim to.
This bill is far from perfect, but the benefits far outstrip the negatives. In 10 years, all you crusty old fucks will be standing out on the steps of City Hall with signs that read, "DON'T TAKE MAH OBAMMACURE!"
"How will this help me afford health care, if I'm so broke already? I'll get taxed for not being to afford it in the first place!!"
2. Families making less than 133 percent of the poverty line thats about $29,000 for a family of four will be covered through Medicaid. Between 133 percent and 400 percent of the poverty line $88,000 for a family of four families will get tax credits on a sliding scale to help pay for private insurance.
3.For families making less than 400 percent of the poverty line, premiums are capped. So, between 150% and 200% of the poverty line, for instance, families wont have to pay more than 6.3 percent of their income in premiums. Between 300 percent and 400 percent, they wont have to pay more than 9.5 percent. This calculator from the Kaiser Family Foundation will let you see the subsidies and the caps for different families at different income levels.
"It's massive tax increase on the Middle Class!"
4. When the individual mandate is fully phased-in, those who can afford coverage which is defined as insurance costing less than 8 percent of their annual income but choose to forgo it will have to pay either $695 or 2.5 percent of the annual income, whichever is greater.
"It'll cripple small businesses!"
Small businesses that have fewer than 10 employees, average wages beneath $25,000, and that provide insurance for their workers will get a 50 percent tax credit on their contribution. The tax credit reaches up to small businesses with up to 50 employees and average wages of $50,000, though it gets smaller as the business get bigger and richer. The credit lasts for two years, though many think Congress will be pressured to extend it, which would raise the long-term cost of the legislation.
"All my money is going to get taken away from some medical insurance company's CEO bonus!"
8. The law requires insurers to spend between 80 and 85 percent of every premium dollar on medical care (as opposed to administration, advertising, etc). If insurers exceed this threshold, they have to rebate the excess to their customers. This policy is already in effect, and insurers are expected to rebate $1.1 billion this year.
"It'll bankrupt the country!!!"
The law is expected to spend a bit over $1 trillion in the next 10 years. The laws spending cuts many of which fall on Medicare and tax increases are expected to either save or raise a bit more than that, which is why the Congressional Budget Office estimates that it will slightly reduce the deficit. (Theres been some confusion on this point lately, but no, the CBO has not changed its mind about this.) As time goes on, the savings are projected to grow more quickly than the spending, and CBO expects that the law will cut the deficit by around a trillion dollars in its second decade. Heres its graph, which covers the period between 2012 and 2021:
"Health care costs are spiraling out of control and this law does NOTHING to prevent that!"
10. In recent years, health-care costs have slowed dramatically. Much of this is likely due to the recession. Some of it may just be chance. But theres also evidence that the law has accelerated changes in the way the medical system delivers care, as providers prepare for the laws efforts to move from fee-for-service to quality-based payments.
Hate site!
Haters!
Liars!
Hacks!
Kenya!
Socialism!
Those will be the responses. But now at least there's a CHANCE you ignorant fucks will educate yourself.