Health Care Reform Bill Budget Impact “Subject to Substantial Uncertainty”

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Christopher, Jan 2, 2010.

  1. Christopher
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    Christopher Active Member

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    Here is what the CBO has said about the health care reform bill that Obama plans to sign this month, link here http://www.cbo.gov/ftpdocs/108xx/doc10868/12-19-Reid_Letter_Managers_Correction_Noted.pdf:

    Consider this scenario for a moment. Lets say you were about to implement a policy in your own life that could potentially save you about 1% of the total debt you owe over ten years (this percentage is roughly equivalent to the $132 billion as a percentage of the total US national debt for 2009). But, the potential to do this was “subject to substantial uncertainty” and it may end up increasing the amount you owe. Would you take the chance with your own finances and go ahead to implement this policy or would you find a policy or policies that would have more certainty about cost savings? For me, I think the smarter thing to do would be to find other policies.

    If Obama signs this bill, he is basically saying he would take the risk. Yet, he will be doing it with our money, not just his.
     
  2. antagon
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    antagon The Man

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    fail
     
  3. Polk
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    Polk Classic

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    Sure, it could end up increasing the amount you owe. Of course, it's equally probable that it'll save you a great amount then advertised.

    Your logic is the same faulty logic by those who pretend climate change is fake, because the best estimates say something like a three degree increase with a margin of +/- 4. The possibly that the Earth could become cooler by a degree doesn't make the case for action weaker, it makes it significantly stronger, because on the other end, there is the possibility of a seven degree increase, which would eliminate much of the planet's population.
     
    Last edited: Jan 2, 2010
  4. Christopher
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    Christopher Active Member

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    Yes, you failed to answer the question.
     
  5. Christopher
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    Christopher Active Member

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    I see what you are saying. The difference is that the politicians for the health care reform bill are touting that it will reduce the deficit, yet not telling us that the estimates that "prove" this have a substantial amount of uncertainty with them. For the record, I do not believe climate change is fake.
     
  6. Truthmatters
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    Truthmatters BANNED

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    The American People elected him to make just these types of decisions.

    It called representative government
     
  7. Polk
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    Polk Classic

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    They're just as uncertain on both sides though. Therefore, the most honest thing to do is state the expected value. If they were stating the absolute best case scenario as the most likely outcome, you'd have a valid argument. They're not though.
     
  8. Christopher
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    Christopher Active Member

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    Yes, and the American people can decide whether he made good decisions or not. According to you, will signing this bill be a good decision?
     
  9. Truthmatters
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    Truthmatters BANNED

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    Its a start.

    It does not contain many things that we need to solve this problem but it does contain some.

    Get your ass ready for the next steps in the process
     
  10. Baruch Menachem
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    Baruch Menachem '

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    This strikes me as sensible as drilling a hole in the bottom of your boat to let the water that has splashed in out the bottom.
     

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