Obamacare just got $111 BILLION more expensive..WTF???

[The T]

People, people, people, not to worry. Papa Obama has it covered.

He is simply going to charge the military retirees an extra $2000 a year for their health insurance and that should cover most of it.......Maybe............

I have read about this...and it is abhorant...The troops and Vets deserve better and much more.

 

[WillowTree]

Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News

Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.

So do I.

The revised numbers, buried deep in the president's budget, stumped lawmakers and some administration officials for most of the week. At a congressional hearing Tuesday, Health and Human Services Secretary Kathleen Sebelius, who is in charge of carrying out the health care law, indicated she was unaware of the changes.

Yeah. Can't imagine why they were buried in that deep, huh.

About two-thirds of the increase is due to effects of newly signed legislation that raises costs for one part of the health care law, but still saves the government money overall. The rest is due to technical changes in Treasury assumptions about such matters as the distribution of income in America.

I find this difficult to believe, based on the track record of this administration.

well for one thing.. they aren't deducting for "medicare" or "social security" from the paychecks much any more.. so stop asking these questions. leave that to the libtards.

 

[L.K.Eder]

wah wah

 

[starcraftzzz]

1.Obamacare will collect more than $500 billion in new taxes and take $575 billion from Medicare over the next ten years.
a. Two new entitlements, plus a big Medicaid expansion, are created to reduce the number of uninsured, at a cost of at least $2.3 trillion- that’s TRILLION- over the first ten years of full implementation.
2. 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

1/a.) You are being dishonest you only include spednign cuts and tax increase for the first 10 years of partial implementation but then you use the ten years of full implementation to gauge the costs. When you actually look at the total data Obamacare cuts the deficit and reduce total spending.
2) The tax on pharmaceuticals is a surtax that taxes companies a certain percent based on how much money they waste, meaning the tax provides pharm companies to better manage their funds

1. Why is it that the Left Janissaries use language such as "dishonest" rather than say wrong, or in error...?
I always wonder whether it is poor upbringing...or a personality defect.
Care to share?

2. While half of the costs for Obamacare are stolen from Medicare, the other half will come from increases in taxes. The Obamacare tax increases will total $503 billion between 2010 and 2019.
JCX-17-10

a. There are taxes on investments, and on higher-income taxpayers. Small businesses will be burdened with mountains of paperwork (IRS reports of any sum over $600 per vendor…designed to catch tax cheats, and raise $17 billion over ten years).

b. But most of the PPACA taxes will be related to health care, and as such, will affect all Americans. An example, is the limitation on the Blue Cross/Blue Shield special tax deduction. Who so you suppose will be paying that increase? “Based on a research study commissioned by the Blue Cross Blue Shield Association, we believe that premiums will increase as a result of provisions in the reform legislation that will guarantee richer levels of benefits…”
Blue Cross Blue Shield

c. Health care spending accounts, presently tax-favored, there will be an increased 20% tax penalty (double what is was) if you purchase goods disallowed by the law, including a new tax on brand name drugs. Companies providing medical devices and insurance will see new taxes that will assuredly be passed on to consumers.

d. Most of the new taxes kick in after the election…including an increase in the Medicare payroll tax from 2.9 to 3.8%, if you and your spouse earn over $250,000. And a new 3.8% tax on ‘unearned’ or investment income, if you reach a certain income threshold: stocks, bonds, dividends, rents and even the sale of your home! http://everythinghealthcare.wordpress.com/2010/

e. CBO states Medicare taxes will account for $210 billion in additional federal revenue between 2010 and 2019. Baker Hostetler | News / Resources | Health Law Update

f. In 2018, there will be a tax on “Cadillac high-value” policies, @ $10,200/ individual and $27, 500/ families, the insurance company will pay an excise tax of 40% on any thing above that, and this is expected to raise $32 billion during the first two years alone. Care to guess what will happen to premiums?


3. Now, let's consider your degree of gullibility...

a. " ...total data Obamacare cuts the deficit and reduce total spending."
So, you contend that an administration that has twice predicted the turnaround in the economy, as in "the summer of recovery," will accurately predict the costs a decade hence? Three years ago: President Obama said of his plan to fix the financial crisis that “if I don’t have this done in three years, then there’s going to be a one-term proposition.”
How'd he do?

So...you'll believe anything, eh?


b. "The tax on pharmaceuticals is a surtax that taxes companies a certain percent based on how much money they waste, meaning the tax provides pharm companies to better manage their funds."

So, when it comes to the market, you subscribe to the idea that private corporations can learn how to be more efficient from government....
... ???
And, you believe it to be a wise idea having bureaucrats telling the private corporations how much they are 'wasting'?


David Blaine never made anything disappear as fast as your reputation.

1) Mostly cause all right wingers do is spew lies and ignorance.

2) See you're lying again. The medicare cuts are cuts to wasteful spending and other wasteful subsidies to private insurers who do not increase benefits. Why are you against reducing wasteful spending?
A) Again you are lying non of the taxes fall on small businesses. Also are you against the tax change that cracks down on tax cheats?
B) So you're against eliminating tax loopholes that only benefit certain people?
C) (taxes increased)
D) So are you against slightly increasing taxes on the richest 2% of Americans In order to save peoples lives?
E) (tax increased)
F) Cadialic health plans are correlated with very high medical loss ratios, meaning they are health insurance plans that waste a lot of money, this means that the tax on those plans will provide incentive to lower health insurance costs by slashing that wasteful spending, or by getting a more efficient plan.

3)
a) Fact 1 the economy has gone from losing 750,000 jobs a month and contraction at a 5% pace to adding 200,000 jobs a month and expanding at a 3% pace.
Fact 2 the CBO analyzed the effects of ACA and found that it would reduce the deficit by trillions of dollars. The only other groups to anaylize the legislation found that the CBO underscored cost saving measures by around 50%.
B) My position is that increasing taxes on activity or products that are inefficient or wasteful result in less of that activity or product.

Plz re-post something that contains intelligence

 

[starcraftzzz]

People, people, people, not to worry. Papa Obama has it covered.

He is simply going to charge the military retirees an extra $2000 a year for their health insurance and that should cover most of it.......Maybe............

I have read about this...and it is abhorant...The troops and Vets deserve better and much more.

What is abhorant is that Republicans want to totally eliminate the VA and all health care for Vets.... Its odd how you people think government subsidies for some people are okay but for other people they are not

 

[starcraftzzz]

I'm not seeing any liberal response in here to this sudden 111 BILLION increase in the cost of Obamacare.

I wonder why?

When you don't read the thread you're not going to notice anything dumbass.

 

[PoliticalChic]

1/a.) You are being dishonest you only include spednign cuts and tax increase for the first 10 years of partial implementation but then you use the ten years of full implementation to gauge the costs. When you actually look at the total data Obamacare cuts the deficit and reduce total spending.
2) The tax on pharmaceuticals is a surtax that taxes companies a certain percent based on how much money they waste, meaning the tax provides pharm companies to better manage their funds

1. Why is it that the Left Janissaries use language such as "dishonest" rather than say wrong, or in error...?
I always wonder whether it is poor upbringing...or a personality defect.
Care to share?

2. While half of the costs for Obamacare are stolen from Medicare, the other half will come from increases in taxes. The Obamacare tax increases will total $503 billion between 2010 and 2019.
JCX-17-10

a. There are taxes on investments, and on higher-income taxpayers. Small businesses will be burdened with mountains of paperwork (IRS reports of any sum over $600 per vendor…designed to catch tax cheats, and raise $17 billion over ten years).

b. But most of the PPACA taxes will be related to health care, and as such, will affect all Americans. An example, is the limitation on the Blue Cross/Blue Shield special tax deduction. Who so you suppose will be paying that increase? “Based on a research study commissioned by the Blue Cross Blue Shield Association, we believe that premiums will increase as a result of provisions in the reform legislation that will guarantee richer levels of benefits…”
Blue Cross Blue Shield

c. Health care spending accounts, presently tax-favored, there will be an increased 20% tax penalty (double what is was) if you purchase goods disallowed by the law, including a new tax on brand name drugs. Companies providing medical devices and insurance will see new taxes that will assuredly be passed on to consumers.

d. Most of the new taxes kick in after the election…including an increase in the Medicare payroll tax from 2.9 to 3.8%, if you and your spouse earn over $250,000. And a new 3.8% tax on ‘unearned’ or investment income, if you reach a certain income threshold: stocks, bonds, dividends, rents and even the sale of your home! http://everythinghealthcare.wordpress.com/2010/

e. CBO states Medicare taxes will account for $210 billion in additional federal revenue between 2010 and 2019. Baker Hostetler | News / Resources | Health Law Update

f. In 2018, there will be a tax on “Cadillac high-value” policies, @ $10,200/ individual and $27, 500/ families, the insurance company will pay an excise tax of 40% on any thing above that, and this is expected to raise $32 billion during the first two years alone. Care to guess what will happen to premiums?


3. Now, let's consider your degree of gullibility...

a. " ...total data Obamacare cuts the deficit and reduce total spending."
So, you contend that an administration that has twice predicted the turnaround in the economy, as in "the summer of recovery," will accurately predict the costs a decade hence? Three years ago: President Obama said of his plan to fix the financial crisis that “if I don’t have this done in three years, then there’s going to be a one-term proposition.”
How'd he do?

So...you'll believe anything, eh?


b. "The tax on pharmaceuticals is a surtax that taxes companies a certain percent based on how much money they waste, meaning the tax provides pharm companies to better manage their funds."

So, when it comes to the market, you subscribe to the idea that private corporations can learn how to be more efficient from government....
... ???
And, you believe it to be a wise idea having bureaucrats telling the private corporations how much they are 'wasting'?


David Blaine never made anything disappear as fast as your reputation.

1) Mostly cause all right wingers do is spew lies and ignorance.

2) See you're lying again. The medicare cuts are cuts to wasteful spending and other wasteful subsidies to private insurers who do not increase benefits. Why are you against reducing wasteful spending?
A) Again you are lying non of the taxes fall on small businesses. Also are you against the tax change that cracks down on tax cheats?
B) So you're against eliminating tax loopholes that only benefit certain people?
C) (taxes increased)
D) So are you against slightly increasing taxes on the richest 2% of Americans In order to save peoples lives?
E) (tax increased)
F) Cadialic health plans are correlated with very high medical loss ratios, meaning they are health insurance plans that waste a lot of money, this means that the tax on those plans will provide incentive to lower health insurance costs by slashing that wasteful spending, or by getting a more efficient plan.

3)
a) Fact 1 the economy has gone from losing 750,000 jobs a month and contraction at a 5% pace to adding 200,000 jobs a month and expanding at a 3% pace.
Fact 2 the CBO analyzed the effects of ACA and found that it would reduce the deficit by trillions of dollars. The only other groups to anaylize the legislation found that the CBO underscored cost saving measures by around 50%.
B) My position is that increasing taxes on activity or products that are inefficient or wasteful result in less of that activity or product.

Plz re-post something that contains intelligence

But...if it "contains intelligence"...how would you recognize it?
A guy who believes that this administration could recognize 'waste'...much less cut same is hardly equipped to analyze anything requiring intelligence.

But...OK...I'll give you another shot...

Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
First $200,000 ($250,000 Married) Employer/Employee All Remaining Wages Employer/Employee
Current Law 1.45% / 1.45% 2.9% self-employed 1.45% / 1.45% self-employed
Obamacare Tax Hike 1.45% / 1.45% 2.9% self-employed
1.45% / 2.35%
3.8% self-employed

Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin)

HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in theUnited States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C.(National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.
Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100.

Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only.

Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons

Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013)
Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services

Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS

Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year.
Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits
$500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013)
Employer Reporting of Insurance on W-2 (Min$/Jan 2011): Preamble to taxing health benefits on individual tax returns.
Corporate 1099-MISC Information Reporting ($17.1 bil/Jan 2012): Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers

“Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel.

Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed.


Read more: Americans for Tax Reform :: Obamacare and Taxes: The Final Tab

 

[LordBrownTrout]

Did anyone really believe that this bill wasn't going to be a colossal failure and more expensive.

 

[Neotrotsky]

I'm not seeing any liberal response in here to this sudden 111 BILLION increase in the cost of Obamacare.

I wonder why?

When you don't read the thread you're not going to notice anything dumbass.

He meant quality
shithead

 

[The T]

Did anyone really believe that this bill wasn't going to be a colossal failure and more expensive.

Everything Government touches turns expensive.

 

[The T]

People, people, people, not to worry. Papa Obama has it covered.

He is simply going to charge the military retirees an extra $2000 a year for their health insurance and that should cover most of it.......Maybe............

I have read about this...and it is abhorant...The troops and Vets deserve better and much more.

What is abhorant is that Republicans want to totally eliminate the VA and all health care for Vets.... Its odd how you people think government subsidies for some people are okay but for other people they are not

That would be Obama...Or haven't you heard the turd wants to make them pay for thier care and turn them over to ObamaCare?

YOU are an idiot.

 

[LordBrownTrout]

Did anyone really believe that this bill wasn't going to be a colossal failure and more expensive.

Everything Government touches turns expensive.

Yes it does and whenever govt starts giving you rights it can just as soon take them away.

 

[California Girl]

Did anyone really believe that this bill wasn't going to be a colossal failure and more expensive.

Other than liberals?

No.

 

[The T]

Did anyone really believe that this bill wasn't going to be a colossal failure and more expensive.

Everything Government touches turns expensive.

Yes it does and whenever govt starts giving you rights it can just as soon take them away.

That is assuming those rights were ever government's to give in the first place?

 

[PoliticalChic]

Did anyone really believe that this bill wasn't going to be a colossal failure and more expensive.

Yup....Crosseyed up top...

He believes the will will same money.

He probably believes 'anyone who likes his doctor can keep his doctor."

 

[The T]

Did anyone really believe that this bill wasn't going to be a colossal failure and more expensive.

Yup....Crosseyed up top...

He believes the will will same money.

He probably believes 'anyone who likes his doctor can keep his doctor."

As Doctors are bailing on the profession directly because of ObamaCare?

IBD poll: 45% of doctors would consider quitting under Obamacare

 

[LordBrownTrout]

Everything Government touches turns expensive.

Yes it does and whenever govt starts giving you rights it can just as soon take them away.

That is assuming those rights were ever government's to give in the first place?

That's correct.

 

[gallantwarrior]

hmmm faux news...seems legit

Look again.
It's an AP release.

Damn! You just gotta toss out facts like that? Guy has a difficult enough time without all those nasty facts that tend to tarnish his golden libturd worldview.

 

[rdean]

The question no one seems to be asking is why Republicans are blocking good, cost effective health care for the average American. What? Huh? Let him die? Oh. That's right. Nevermind.

 

[Neotrotsky]

You just did

but the real question is

why are the Democrats so willing to abuse the Constitution and the First Amendment