Obama's health care law would raise deficit

Discussion in 'Politics' started by Nova78, Apr 10, 2012.

  1. Nova78
    Offline

    Nova78 Silver Member

    Joined:
    Dec 19, 2011
    Messages:
    1,915
    Thanks Received:
    254
    Trophy Points:
    98
    Location:
    Colorado
    Ratings:
    +267
    Study: Obama's health care law would raise deficit | Comcast

    Reigniting a debate about the bottom line for President Barack Obama's health care law, a leading conservative economist estimates in a study to be released Tuesday that the overhaul will add at least $340 billion to the deficit, not reduce it.
    Charles Blahous, who serves as public trustee overseeing Medicare and Social Security finances, also suggested that federal accounting practices have obscured the true fiscal impact of the legislation, the fate of which is now in the hands of the Supreme Court.

    Officially, the health care law is still projected to help reduce government red ink. The Congressional Budget Office, the government's nonpartisan fiscal umpire, said in an estimate last year that repealing the law actually would increase deficits by $210 billion from 2012 to 2021.

    The CBO, however, has not updated that projection. If $210 billion sounds like a big cushion, it's not. The government has recently been running annual deficits in the $1 trillion range.

    The White house dismissed the study in a statement late Monday. Presidential assistant Jeanne Lambrew called the study "new math (that) fits the old pattern of mischaracterizations" about the health care law.

    Blahous, in his 52-page analysis released by George Mason University's Mercatus Center, said, Taken as a whole, the enactment of the (health care law) has substantially worsened a dire federal fiscal outlook.

    Wonder how long before United States goes the way of Greece ?
     
    • Thank You! Thank You! x 1
  2. starcraftzzz
    Offline

    starcraftzzz Senior Member

    Joined:
    Feb 14, 2012
    Messages:
    2,263
    Thanks Received:
    120
    Trophy Points:
    48
    Ratings:
    +120
    ROTFL so Republicans claim Obaamcare will raise the deficit because they decide that half the deficit reducing measures in Obamacare shouldn't be counted. Its nice to know that the Oringal poster is a gullible dumbass
     
    • Thank You! Thank You! x 1
  3. waltky
    Online

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,905
    Thanks Received:
    1,792
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,889
    Granny says, "Screw dem Hispexicans - let `em buy their own health insurance...
    :mad:
    Millions still uncovered with health law expansion
    5/23/12 - Advocates say it may be increasingly difficult to care for the undocumented.
    See also:

    Real federal deficit dwarfs official tally; Four times higher
    18 May`12 - The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds.
     
    • Thank You! Thank You! x 1
  4. francoHFW
    Online

    francoHFW Platinum Member

    Joined:
    Sep 5, 2011
    Messages:
    33,553
    Thanks Received:
    2,179
    Trophy Points:
    1,115
    Location:
    NY 26th FINALLY DEM!
    Ratings:
    +5,633
    To review-Congratulations to deluded dupes for continuing to cut off their noses to spite their face...OH noze, not affordable guaranteed care and starting to control costs. Keep supporting greedy Big health, whose costs doubled just under Booosh (like Public college). Read something positive, not Pub propaganda...

    As for illegals, pass the Schumer/not Graham anymore Bill. As it is, most will be signed up at work, where 65% already pay taxes.
     
  5. PoliticalChic
    Online

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,963
    Thanks Received:
    15,718
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +25,089
    1. With each passing year new taxes will be imposed. As disclosed on the attached chart from the
    California Hospital Association:
    • 2011: A 2.5% excise tax is imposed on pharmaceuticals. (This is part of the plan to pay for the
    reform law.) This cost – which will be in the billions of dollars - will be passed on to health care
    providers, primarily hospitals, who already operate with very thin margins, and will be under
    great financial pressure to raise their rates to pay for it, with resulting price pressure on health
    insurance premiums.
    • 2012: That excise tax increases to 3%.
    • 2013: A separate 2.9% excise tax on medical devices will begin. The same pass-through will take
    place, creating the same pressures on providers and on insurance premiums.
    • 2014: An $8 billion fee on health insurance premiums kicks in. Obviously consumers will bear
    this tax and their premiums will rise.
    Because of all these costs, Obamacare is generally unsustainable. Here is one study that addresses that
    issue:
    Obamacare: The Real Price Tag is a Moving Target


    2. ObamaCare reduces the number of tax-paying Americans while increasing unemployment and adding to the personal and government costs of providing medical insurance. It’s not just the 800,000 fewer workers seeking jobs under ObamaCare, as the CBO Director admitted last week to Congress, because the law will reduce “the propensity to work” in order to get medical insurance. With subsidized guaranteed issue of medical insurance, there will be less incentive to find a job with benefits. At the same time, medical insurance premiums will increase for all as ObamaCare’s guarantee issue creates an incentive to wait until ill to obtain insurance. Review & Outlook: 800,000 Fewer Workers - WSJ.com
     
  6. PoliticalChic
    Online

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,963
    Thanks Received:
    15,718
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +25,089
    "...starting to control costs."


    In a galaxy of franco posts...this is one of the most franco.

    fran-ko
    Adjective:
    Lacking intelligence or common sense.
     

Share This Page