With Downgrade, time to remove boondoggle of ObamaCare off the back of the US economy

Discussion in 'Politics' started by Neotrotsky, Aug 6, 2011.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    With Downgrade, time to remove boondoggle of ObamaCare off the back of the US economy


    Indeed,
    with the Left mantra of "more tax more tax", they say PapaObama is off the table

    Even CBO says PapoObama Care kills jobs

    CBO Says ObamaCare Will Kill 800,000 Jobs
    [ame=http://www.youtube.com/watch?v=Jskjci1ZL9Q]‪800,000 Jobs Gone: CBO Admits Health Care Law Will Kill Jobs‬‏ - YouTube[/ame]

    Some studies have shown that PapaObama care is having a real impact on
    killing jobs NOW

    Analysis: Job Growth Was 10-Fold Higher Before the Democrats Passed Obamacare

    “Private-sector job creation initially recovered from the recession at a normal rate, leading to predictions last year of a “Recovery Summer.” Since April 2010, however, net private-sector job creation has stalled. Within two months of the passage of Obamacare, the job market stopped improving. This suggests that businesses are not exaggerating when they tell pollsters that the new health care law is holding back hiring.”

    Sherk writes that Obamacare “discourages employers from hiring in several ways:
     
  2. Greenbeard
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    Greenbeard Gold Member

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    No, it doesn't say that. It says that some workers will voluntarily supply less labor because they enjoy greater financial security thanks to the law:

    The Patient Protection and Affordable Care Act (Public Law 111-148) and the Health Care Education Reconciliation Act of 2010 (P.L. 111-152) will affect some individuals’ decisions about whether and how much to work and employers’ decisions about hiring workers.1 The Congressional Budget Office (CBO) estimates that the legislation, on net, will reduce the amount of labor used in the economy by a small amount—roughly half a percent—primarily by reducing the amount of labor that workers choose to supply. [...] The expansion of Medicaid and the availability of subsidies through the exchanges will effectively increase beneficiaries’ financial resources. Those additional resources will encourage some people to work fewer hours or to withdraw from the labor market.[...]

    Other provisions in the legislation are also likely to diminish people’s incentives to work. Changes to the insurance market, including provisions that prohibit insurers from denying coverage to people because of preexisting conditions and that restrict how much prices can vary with an individual’s age or health status, will increase the appeal of health insurance plans offered outside the workplace for older workers. As a result, some older workers will choose to retire earlier than they otherwise would. ​

    Given that additional financial security for those hard hit by health costs was an intended consequence of passing the law, this shouldn't come as a shock.

    The vast majority of businesses that make it to and past the 50-employee mark offer health insurance (nationally, >96% of firms with 50 or more employees provide insurance coverage), meaning this disincentive doesn't exist for them. On the margins it will be a factor for those that don't but the magnitude of the effect you're postulating is a bit silly.

    More than half of all folks with private insurance are on self-insured plans; the vast majority of people at large firms are in self-insured plans. Self-insured plans don't need to offer "government-approved insurance," which one assumes refers to the still largely undefined essential benefits package being discussed by the Institute of Medicine right now.

    Small businesses can buy insurance through SHOP exchanges being set up in every state. Depending on how the state legislature wants to design it, that exchange for small businesses can operate under an employee choice model (like Utah's existing exchange). That means a defined contribution from the employer with a broad range of plan options for the employee. The employee then pays the difference between the cost of the plan he chooses and his employer's contribution. This is different from current set-ups in which the employer chooses the plan and then faces little shield from rising costs, little ability to shift the decision-making impetus in the face of rising costs to the employee (other than by relying on greater cost-sharing) and, yes, little certainty about future costs.

    [​IMG]

    Greater certainty for employers, greater choice and personal responsibility for employees. Win-win, eh?
     
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  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Yes voluntary..

    left spin

    what did Papa Obama say about putting lipstick on a pig



    So it is the official position of the Left that Papa Obama will create jobs
    and not add to state's burdens

    Does the Left believe that anyone will buy that ?
     
    Last edited: Aug 6, 2011
  4. rdean
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    rdean rddean

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    Republicans know that tearing things down is way more easy that building something. Notice how all of their policies are designed to ruin something or tear something down? They won't even consider rebuilding the nation's infrastructure which they did nothing for when they held the presidency and both houses. Just wealth redistribution to the top 3% and war. And now they are even worse. Going after the world economy.
     
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  5. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year
     
  6. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Can anyone really trust the Left when it comes to finance?

    Obamacare will create 400,000 jobs ALMOST IMMEDIATELY

    Where are they- oh wait they must have voluntary moved on from the work force
    Indeed, we could even call the high unemployment -proof of the success of PapaObama care
    :eusa_whistle:



    [ame=http://www.youtube.com/watch?v=pNiLYEiFUMU]‪Obamacare will create 400,000 jobs ALMOST IMMEDIATELY, says Choppy Hands McBotox‬‏ - YouTube[/ame]
     
    Last edited: Aug 6, 2011
  7. Greenbeard
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    Quoting from the actual CBO report that you made a thread to mischaracterize is "spin"?

    Let's repeat, again, what the CBO said: "The Congressional Budget Office (CBO) estimates that the legislation, on net, will reduce the amount of labor used in the economy by a small amount—roughly half a percent—primarily by reducing the amount of labor that workers choose to supply."

    Maybe you didn't know that when you started the thread. Now you do. So the question now is: will you continue to distort and lie about what they said?
     
  8. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    As opposed to the Left's policies to tear down free markets
    and individual rights

    :eusa_whistle:
     
  9. Seawytch
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    Seawytch Information isnt Advocacy

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  10. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    The majority of Americans are against it

    Just as you choose to ignore from the same report

    " In addition, the phaseout of the subsidies as income rises will effectively increase marginal tax rates, which will also discourage work. …"

    Funny how that works

    With current downgrade, can you really trust the Left when it comes
    to finance
     

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