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

[Neotrotsky]

BIG red letters

you must be right

 

[AmericanFirst]

Even CBO says PapoObama Care kills jobs

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.

Sherk writes that Obamacare “discourages employers from hiring in several ways:

• Businesses with fewer than 50 workers have a strong incentive to maintain this size, which allows them to avoid the mandate to provide government-approved health coverage or face a penalty;

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.

• “Businesses with more than 50 workers will see their costs for health coverage rise — they must purchase more expensive government-approved insurance or pay a penalty;

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.

• “Employers face considerable uncertainty about what constitutes qualifying health coverage and what it will cost. They also do not know what the health care market or their health care costs will look like in four years. This makes planning for the future difficult.”

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.

Greater certainty for employers, greater choice and personal responsibility for employees. Win-win, eh?

If obamaturdcare is so great how come so many businesses are requesting and receiving waivers from it? Obamaturdcare sucks and is unconstitutional, period.

 

[AmericanFirst]

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




‪Obamacare will create 400,000 jobs ALMOST IMMEDIATELY, says Choppy Hands McBotox‬‏ - YouTube

Everyone with half a brain knows that pelosi lies all the time.

 

[AmericanFirst]

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?

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

How many of those that are "against" it...feel that way because it didn't go far enough? (You know, like didn't include the Public Option that most Americans wanted)

OBAMATURDCARE SUCKS! Personally I am against it because it went too far and is not needed.

 

[Greenbeard]

If obamaturdcare is so great how come so many businesses are requesting and receiving waivers from it? Obamaturdcare sucks and is unconstitutional, period.

Well:

A small number of workers and individuals only have access to limited benefit, or “mini-med,” plans with lower annual limits than are generally permitted by law and which can provide very limited protection from high health care costs. Employers and insurers estimated that requiring mini-med plans to comply with the new rules could cause mini-med premiums to increase significantly, forcing employers to drop coverage and leaving some workers without even the minimal insurance coverage they have today.

In order to protect coverage for workers in mini-med plans until more affordable and more valuable coverage is available in 2014, the law and regulations issued on annual limits allow the Department of Health and Human Services (HHS) to grant temporary waivers from this one provision of the law that phases out annual limits if compliance would result in a significant decrease in access to benefits or a significant increase in premiums. Plans that receive waivers must comply with all other provisions of the law and must alert consumers that the plan has restrictive coverage and includes low annual limits. Additionally, these waivers are temporary and after 2014, no waivers of the annual limit provision are allowed.​

Note the bold, since that seems to be a common misconception.

 

[AmericanFirst]

If obamaturdcare is so great how come so many businesses are requesting and receiving waivers from it? Obamaturdcare sucks and is unconstitutional, period.

Well:

A small number of workers and individuals only have access to limited benefit, or “mini-med,” plans with lower annual limits than are generally permitted by law and which can provide very limited protection from high health care costs. Employers and insurers estimated that requiring mini-med plans to comply with the new rules could cause mini-med premiums to increase significantly, forcing employers to drop coverage and leaving some workers without even the minimal insurance coverage they have today.

In order to protect coverage for workers in mini-med plans until more affordable and more valuable coverage is available in 2014, the law and regulations issued on annual limits allow the Department of Health and Human Services (HHS) to grant temporary waivers from this one provision of the law that phases out annual limits if compliance would result in a significant decrease in access to benefits or a significant increase in premiums. Plans that receive waivers must comply with all other provisions of the law and must alert consumers that the plan has restrictive coverage and includes low annual limits. Additionally, these waivers are temporary and after 2014, no waivers of the annual limit provision are allowed.​

Note the bold, since that seems to be a common misconception.

Obamaturdcare still sucks. Dimwits cry about republicans wanting big gov't. all the time but obamaturd has created the biggest gov't. ever. Idiots!!

 

[Mr. Shaman]

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

You minorities need to go back to where you came-from!​

"More than four out of five people surveyed said that the recent debt-ceiling debate was more about gaining political advantage than about doing what is best for the country. Nearly three-quarters said that the debate had harmed the image of the United States in the world.

Republicans in Congress shoulder more of the blame for the difficulties in reaching a debt-ceiling agreement than President Obama and the Democrats, the poll found."

Disapproval Rate For Congress​

 

[Mr. Shaman]

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.

It's lookin' like "Turtle" McConnell had to rush-in & save the Teabaggers from themselves!!!​

August 3, 2011​

"It was the new Washington that started this fight: the tea party congressmen who thought that fresh eyes and pure hearts qualified them as revolutionaries.

The president who believed that the way out of the problem was to think bigger.

By Saturday, they had all choked on their ambitions.

Then, over three fast-moving days, the old Washington swooped in to save them."

.

The Triumph Of The Old Washington​

All the Teabaggers wanna be the next....

COWBOY GEORGIE!!!!!​

 

[C_Clayton_Jones]

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

You failed to answer the question.

And as noted, repeal of the ACA will add $230 billion to the deficit.

Clearly the right’s opposition to the ACA is not based on the facts, merely subjective partisan politics.

 

[Mr. Shaman]

If obamaturdcare is so great how come so many businesses are requesting and receiving waivers from it? Obamaturdcare sucks and is unconstitutional, period.

Well:

A small number of workers and individuals only have access to limited benefit, or “mini-med,” plans with lower annual limits than are generally permitted by law and which can provide very limited protection from high health care costs. Employers and insurers estimated that requiring mini-med plans to comply with the new rules could cause mini-med premiums to increase significantly, forcing employers to drop coverage and leaving some workers without even the minimal insurance coverage they have today.

In order to protect coverage for workers in mini-med plans until more affordable and more valuable coverage is available in 2014, the law and regulations issued on annual limits allow the Department of Health and Human Services (HHS) to grant temporary waivers from this one provision of the law that phases out annual limits if compliance would result in a significant decrease in access to benefits or a significant increase in premiums. Plans that receive waivers must comply with all other provisions of the law and must alert consumers that the plan has restrictive coverage and includes low annual limits. Additionally, these waivers are temporary and after 2014, no waivers of the annual limit provision are allowed.​

Note the bold, since that seems to be a common misconception.

Obamaturdcare still sucks. Dimwits cry about republicans wanting big gov't. all the time but obamaturd has created the biggest gov't. ever. Idiots!!

....YET.....every time you Teabaggers are given the opportunity to point-OUT what parts o'....

....Health Care Reform....

.....troubles your widdle bwains.....you go all Chickenhawk on everyone.....

.

Admit it. You don't know shit....about much of anything.

 

[Neotrotsky]

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

You failed to answer the question.

And as noted, repeal of the ACA will add $230 billion to the deficit.

Clearly the right’s opposition to the ACA is not based on the facts, merely subjective partisan politics.

Saying ACA shows bipartisanship
It is so wonderful, the Left does not even want Papa Obama name associated with it


don't forget from the report, yeah it is Left spin on ObamaCare

CBO says, “The projections of the bill’s budgetary impact are quite uncertain" and "have a roughly equal chance of turning out to be too high or too low."

Since the Left had to put budgetary gimmicks to make it look under a Trillion dollars
even the CBO admits they can not say for sure

If ObamaCare can not get the 500 billion it is taking from Medicare
then how much will it cost then

Remember how far off the estimates for Medicare when it started

--------------

but a Politico story says it best:

Rising entitlement spending is already driving the federal budget off a cliff. But Obamacare would add fuel to the fire with the largest entitlement expansion since the 1960s.
So it takes a special kind of audacity for Obamacare’s apologists to continue to insist that the new law will cut the projected budget deficits. Evidence clearly shows otherwise.

For starters, the supposed deficit reduction over the next decade is built on standard budgetary smoke and mirrors.​

The Left on here has a lot of audacity