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-   -   Congratulations President Obama : 7.1 Million sign ups to obamacare. (https://gfy.com/showthread.php?t=1137367)

2MuchMark 04-01-2014 05:41 PM

Congratulations President Obama : 7.1 Million sign ups to obamacare.
 
http://www.cnbc.com/id/101543801

Quote:

President Barack Obama announced Tuesday that 7.1 million people had enrolled in insurance plans sold on government-run exchanges by the close of Monday's sign-up deadline, just beating the original estimate officials made last summer.

"This law is doing what it's supposed to do, it's working," Obama said in remarks outside the White House, where he was met with sustained applause and cheers after announcing the tally, which he repeated several times, as if to savor the number.

"This law is helping millions of Americans, and in coming years it will help millions more," he said.

I just can't help myself... here ya go, Fox News lovers


geedub 04-01-2014 05:44 PM

Yea, working... If that's what you wanna call it.

Dvae 04-01-2014 05:50 PM

Quote:

Originally Posted by ********** (Post 20034978)
I just can't help myself... here ya go, Fox News lovers


"This law is helping millions of Americans, and in coming years it will help millions more," he said.

Was this the same "he" who said
If you like your plan you have, you can keep it.
If you like the doctor you have, you can keep your doctor.
The only change you’ll see are falling costs as our reforms take hold.

Then lies about that fact that he said it and on and on it goes. Just more lies.

The problem with you Mark is you think Obamacare is about healthcare and its not, its all about government control of our lives.

baddog 04-01-2014 05:51 PM

7.1 million! Wow, that must be just about everyone. Well done dumb ass.

And you know those numbers were fudged.

stickyfingerz 04-01-2014 05:59 PM

So... 142,000 per state... ...ya.. really impressive... :uhoh

AsianDivaGirlsWebDude 04-01-2014 06:03 PM

http://i.imgur.com/DwM9hCj.jpg

First time I have had medical coverage since starting my own business 15 years ago (previously denied due to a pre-existing condition).

I'm happy (for now)... :)

:stoned

ADG

Chris Lance 04-01-2014 06:08 PM

Americans will be complaining in a few years about the tax increases that will bankrupt them.

7.1 million morons signed up to Obama scam care.

Matt 26z 04-01-2014 06:09 PM

It'll be interesting to see how they handle the penalty.

There were an estimated 30 million uninsured. I'm sure most of this 7.1 million previously had insurance anyway.

geedub 04-01-2014 06:21 PM

Can't wait to pay the penalty fee, thanks Obama.

MovieMaster 04-01-2014 06:50 PM

Signed up, then realized it wasn't free so only 895k paid.

kane 04-01-2014 07:00 PM

Quote:

Originally Posted by MovieMaster (Post 20035032)
Signed up, then realized it wasn't free so only 895k paid.

I would imagine a good number of those that signed up were either people who made so little that they now qualify for the free medicaid or they get huge subsidies and can afford it.

Dvae 04-01-2014 07:10 PM

Quote:

Originally Posted by kane (Post 20035038)
I would imagine a good number of those that signed up were either people who made so little that they now qualify for the free medicaid or they get huge subsidies and can afford it.

You think?

This is the pic in the link the OP posted.

http://fm.cnbc.com/applications/cnbc...g?v=1396375067

Dvae 04-01-2014 07:16 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude (Post 20034998)

First time I have had medical coverage since starting my own business 15 years ago (previously denied due to a pre-existing condition).

I'm happy (for now)... :)

:stoned

ADG

OMG and you survived all that time without insurance!

Now you're signed up but what you didn't tell us is the cost to your premiums, deductible etc.

Axeman 04-01-2014 08:59 PM

The polls of the insurance companies show that of the "enrolled" only about 80% have actually paid. Also, 2/3 of the "enrolled" previously had insurance the year before. Leaving 1/3 of the number as ones that were uninsured. Its also reported that 53% of the ones previously uninsured, have not paid their premiums.

Be nice if there was actual hard, legit breakdown of numbers here, but I don't blame the WH for not putting those forward. I wouldn't either if I were them.

Due 04-01-2014 09:17 PM

Quote:

Originally Posted by Dvae (Post 20035049)
OMG and you survived all that time without insurance!

Now you're signed up but what you didn't tell us is the cost to your premiums, deductible etc.

I think this is a good start towards having absolute health coverage.
In the end it will make the country a safer place since many of the nut jobs and wackos will get the treatment they need to function instead of living in a dumpster or on the streets.
Good health and treatments will increase the life quality for yourself and everyone around you..

2MuchMark 04-01-2014 09:19 PM

Serious questions (and this isn't a slam against 'publicans): Why do Republicans hate Obamacare? Why did they try 50?51? times to repeal it? Why did the Koch Brothers fund ads to scare people away from it?

Just being a curious Canadian is 'all...

pr0phet 04-01-2014 09:27 PM

Considering the California website was down the entire day and some states still dont even have a working online model its pretty amazing. For such a legacy of his Presidency, it is just laughable at how terrible of a roll out they have had.

baddog 04-01-2014 09:39 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude (Post 20034998)
http://i.imgur.com/DwM9hCj.jpg

First time I have had medical coverage since starting my own business 15 years ago (previously denied due to a pre-existing condition).

I'm happy (for now)... :)

:stoned

ADG

Be sure to report back what it is like finding a doctor that takes it and how that goes.

clickhappy 04-01-2014 09:57 PM

I signed up for Obamacare, I love it. My plan calls for me to pay $260/month and thanks to Obamacare I only pay $78/month.

I had no insurance the past year and I had to go to the emerergency room a few months ago for abdominal pain, with no insurance.
It was 7 hours in the ER, I got an ultra sound and NOTHING else. They told me to go home and take Tylenol.
The bill? $3,000!!!!!!!

I got a bill for $3,000 for an ultrasound and to be told to take Tylenol.
It's such a fucking ridiculous racket, I'll take the government subsidy.

clickhappy 04-01-2014 10:01 PM

This is what the Republitards want. If someone doesnt have insurance "Let him die".
Listen to how happy they are to let someone die because they couldn't afford overly expensive insurance.



baddog 04-01-2014 11:04 PM

Quote:

Originally Posted by clickhappy (Post 20035127)
I signed up for Obamacare, I love it. My plan calls for me to pay $260/month and thanks to Obamacare I only pay $78/month.

I had no insurance the past year and I had to go to the emerergency room a few months ago for abdominal pain, with no insurance.
It was 7 hours in the ER, I got an ultra sound and NOTHING else. They told me to go home and take Tylenol.
The bill? $3,000!!!!!!!

I got a bill for $3,000 for an ultrasound and to be told to take Tylenol.
It's such a fucking ridiculous racket, I'll take the government subsidy.

Have you used your new coverage yet? And who is to blame that you had nothing wrong with you but you went to the ER anyway? That is why rates are so high.

clickhappy 04-01-2014 11:22 PM

Quote:

Originally Posted by baddog (Post 20035144)
And who is to blame that you had nothing wrong with you but you went to the ER anyway? That is why rates are so high.

I had abdominal pain for a week that was getting worse and needed to get it checked, Mr know it all. :321GFY

I also have a friend who got pneumonia and had to sleep at the hospital for 2 days. $15,000 bill for a 2 day overnight stay.
I dont know why you think this is ok. I think it's a racket.

Chris Lance 04-01-2014 11:55 PM

Quote:

Originally Posted by ********** (Post 20035119)
Serious questions (and this isn't a slam against 'publicans): Why do Republicans hate Obamacare? Why did they try 50?51? times to repeal it? Why did the Koch Brothers fund ads to scare people away from it?

Just being a curious Canadian is 'all...

Democrats repealed it as-well.

Left vs Right = Same

They both work for the same people its as simple as that.

kane 04-02-2014 12:08 AM

Quote:

Originally Posted by ********** (Post 20035119)
Serious questions (and this isn't a slam against 'publicans): Why do Republicans hate Obamacare? Why did they try 50?51? times to repeal it? Why did the Koch Brothers fund ads to scare people away from it?

Just being a curious Canadian is 'all...

I think some of the really don't like government healthcare, but I think most of it is just politics. If there was a republican in the white house and they were the ones that put this forward they would be all for it.

Aidoru 04-02-2014 12:21 AM

Quote:

Originally Posted by AsianDivaGirlsWebDude (Post 20034998)
http://i.imgur.com/DwM9hCj.jpg

First time I have had medical coverage since starting my own business 15 years ago (previously denied due to a pre-existing condition).

I'm happy (for now)... :)

:stoned

ADG


Not how this meme works LOL

PornoMonster 04-02-2014 01:33 AM

Quote:

Originally Posted by clickhappy (Post 20035127)
I signed up for Obamacare, I love it. My plan calls for me to pay $260/month and thanks to Obamacare I only pay $78/month.

I had no insurance the past year and I had to go to the emerergency room a few months ago for abdominal pain, with no insurance.
It was 7 hours in the ER, I got an ultra sound and NOTHING else. They told me to go home and take Tylenol.
The bill? $3,000!!!!!!!

I got a bill for $3,000 for an ultrasound and to be told to take Tylenol.
It's such a fucking ridiculous racket, I'll take the government subsidy.

What is your Deductible for this $78 a month? $5K
Even if it is $3K Guess what bud, you still have the $3K bill for the Ultra sound and out $78 a month and your neighbors are out $182 a month to pay your difference!

PornoMonster 04-02-2014 01:35 AM

Quote:

Originally Posted by clickhappy (Post 20035154)
I had abdominal pain for a week that was getting worse and needed to get it checked, Mr know it all. :321GFY

I also have a friend who got pneumonia and had to sleep at the hospital for 2 days. $15,000 bill for a 2 day overnight stay.
I dont know why you think this is ok. I think it's a racket.

Abdominal pain that Tylenol fixed. You could of went to a Clinic instead of the ER.

kane 04-02-2014 01:47 AM

Quote:

Originally Posted by PornoMonster (Post 20035260)
Abdominal pain that Tylenol fixed. You could of went to a Clinic instead of the ER.

And there is a strong possibility that when he told them he has had this pain for a week they would have sent him to get an ultrasound (although I suppose some clinics may have ultrasounds, but many don't) and he would have ended up with a big bill anyway. Likely not $3K, but it would have been big.

This is the major flaw in Obamacare in that it does absolutely nothing to actually lower that rising and outrageous costs of healthcare.

PornoMonster 04-02-2014 02:11 AM

Quote:

Originally Posted by kane (Post 20035269)
And there is a strong possibility that when he told them he has had this pain for a week they would have sent him to get an ultrasound (although I suppose some clinics may have ultrasounds, but many don't) and he would have ended up with a big bill anyway. Likely not $3K, but it would have been big.

This is the major flaw in Obamacare in that it does absolutely nothing to actually lower that rising and outrageous costs of healthcare.

Correct.
Yes, it prob would of been at a lot lower cost than at the ER.
Lots of places even have a sliding scale based on income.

This Obama care did nothing but make insurance companies Rich.

arock10 04-02-2014 05:29 AM

Quote:

Originally Posted by PornoMonster (Post 20035278)
Correct.
Yes, it prob would of been at a lot lower cost than at the ER.
Lots of places even have a sliding scale based on income.

This Obama care did nothing but make insurance companies Rich.

I'm liking my Obamacare so far. I'm either paying the insurance companies or paying the insurance companies and the exchanges are just a better deal

blackmonsters 04-02-2014 05:38 AM

Quote:

Originally Posted by PornoMonster (Post 20035278)
Correct.
Yes, it prob would of been at a lot lower cost than at the ER.
Lots of places even have a sliding scale based on income.

This Obama care did nothing but make insurance companies Rich.

Well, it sure made them rich very fast since nobody has actually used it yet.

ilnjscb 04-02-2014 05:43 AM

The first milestone of the success or failure of Obamacare will be November 5th, 2014

Biggy 04-02-2014 05:50 AM

A lot of those 7 million people are people re-signing up because they lost there coverage under obamacare rules.

For example, everyone who was self insured likely lost their coverage. In CA and NV, everyone who had a PPO lost their coverage because no insurance companies are offering PPO plans in either state.

So when they originally generated 7 million as a goal it was suppose to be 7 million new people unless the administration new "if you like it you can keep it" was a lie the entire time.

How many people lost coverage and then re-signed up under obamacare? I haven't seen a number and I doubt they'd release it cause it would show how many people got fucked over. I think it might be as high as 3 million or more.

Many of these people who are now resigning up, their plans are significantly more expensive for plans whose benefits are dubious -I.e. Higher copays, etc

No one can brag about obamacare until it's known how many of those people has their current plan disrupted and then has to re-sign up. Or how many people lost coverage and then didn't resign up, that should be counted against the total for example companies who stopped providing health insurance because it came too expensive or shifted the benefits around, or companies that forced employees to pay more to cover their existing coverage etc etc etc.

OldJeff 04-02-2014 05:53 AM

Quote:

Originally Posted by ********** (Post 20035119)
Serious questions (and this isn't a slam against 'publicans): Why do Republicans hate Obamacare? Why did they try 50?51? times to repeal it? Why did the Koch Brothers fund ads to scare people away from it?

Just being a curious Canadian is 'all...

OK, I am not a Republican, but here is why I hate it.

It actually does very little to solve the problem of health care costing too much.

The "affordable" plans it offers are less than shit in actual coverage, and the people using it have the same access to doctors they ever had.

It is nothing more than a cleverly designed tax increase (well actually not so cleverly designed) but well sold to the masses.

There were a couple good things to come out of it, no denial for preexisting conditions, etc. Kids being able to stay on their parents policy until after college and some time to get a job with benefits.

The system is still wide open for fraud from the medical industry (which is HUGE in the area of unnecessary tests), the money wasted on the website, (To a Canadian company no less), seriously any tech guy from this business that has handled any major program could have set up that site for how much ? a million, 2 million.Hell call it 20 million still a fraction, and it would have worked.

Smoke and mirrors, the core of American politics.

Wizzo 04-02-2014 05:55 AM

Billions of taxpayer dollars to insurance companies and many citizens stuck with inferior coverage... Yeah great Fucking law.

You should congratulate the insurance companies they are the big winners.

OldJeff 04-02-2014 05:59 AM

Quote:

Originally Posted by clickhappy (Post 20035127)
I signed up for Obamacare, I love it. My plan calls for me to pay $260/month and thanks to Obamacare I only pay $78/month.

I had no insurance the past year and I had to go to the emerergency room a few months ago for abdominal pain, with no insurance.
It was 7 hours in the ER, I got an ultra sound and NOTHING else. They told me to go home and take Tylenol.
The bill? $3,000!!!!!!!

I got a bill for $3,000 for an ultrasound and to be told to take Tylenol.
It's such a fucking ridiculous racket, I'll take the government subsidy.

Agree it is a racket, but seriously, if you are making so little that you are getting that much of a subsidy, you should probably get off GFY and go find a job with benefits.

Biggy 04-02-2014 06:02 AM

Quote:

Originally Posted by OldJeff (Post 20035396)
OK, I am not a Republican, but here is why I hate it.

It actually does very little to solve the problem of health care costing too much.

The "affordable" plans it offers are less than shit in actual coverage, and the people using it have the same access to doctors they ever had.

It is nothing more than a cleverly designed tax increase (well actually not so cleverly designed) but well sold to the masses.

There were a couple good things to come out of it, no denial for preexisting conditions, etc. Kids being able to stay on their parents policy until after college and some time to get a job with benefits.

The system is still wide open for fraud from the medical industry (which is HUGE in the area of unnecessary tests), the money wasted on the website, (To a Canadian company no less), seriously any tech guy from this business that has handled any major program could have set up that site for how much ? a million, 2 million.Hell call it 20 million still a fraction, and it would have worked.

Smoke and mirrors, the core of American politics.

"If you like it you can keep it" - unfortunately that was not true. A lot of people's old plans became illegal under obamacare and couldn't be offered. A lot of uncertainty in the market place was created, in an individual level and on the corporate level:

The 7 million new sign ups isn't indicative that 7 million more people are insured, hardly. I'm one of those people who lost their insurance and has to re-sign up. Everyone I know who was self insured in California, was dropped by their company.

It's a huge number of people who had their plans dropped and then had to re-sign up, likely for more expensive plans. I'm sure on the big business level there are losers as well. As in for some companies obama are forced companies to lay people off, move them from full time to part time, lower other benefits like retirement matching to pay for the added costs of obamacare, etc etc etc.

Biggy 04-02-2014 06:09 AM

Quote:

Originally Posted by PornoMonster (Post 20035259)
What is your Deductible for this $78 a month? $5K
Even if it is $3K Guess what bud, you still have the $3K bill for the Ultra sound and out $78 a month and your neighbors are out $182 a month to pay your difference!

Yup. I was paying 151$, my plan went to $350. My deductible went down from $10k to $5k, but every other perk of my plan went to shit. I have to pay for office visits, higher percentage of medicine, etc. also, I can no longer choose my doctor (PPO) and I have to use whatever doctor they tell / refer me too (HMO). PPOs aren't being offered by any company in the state. I think PPO plans were dropped in almost all states.

That same $350/month before would've paid for a pretty sick plan for me, now I'm paying a lot more for a lot less, and the plan I want which is to choose my own fucking doctor isn't being offered anywhere.

According to obama I should've been able to keep my plan, or my plan would be both better and cheaper. Not a single thing he said was true. I lost the plan I wanted, I had to re-sign up, and my plan is significantly more expensive (double) and significantly worse.

KillerK 04-02-2014 06:22 AM

For those that get Obama care, be careful because a lot of the plans they give you nobody accepts.

I had to call Blue Cross and get them to upgrade me.

TheSquealer 04-02-2014 06:23 AM

Typical Liberal Douchebaggery

1) no one knows what "enrolled" means because they absolutely refuse to clarify or provide information and claimed multiple times they don't know. So it could just mean "a guy created an account" and isn't covered at all. In fact, they are asked about this continually and say they don't even know.

2) the vast majority are those who had insurance plans, were happy with their insurance plans and had them cancelled by Obama in the first place.

3) they won't say how many are medicaid - which the majority are.

4) they won't say how many are young vs old... which is super critical being that the entire retarded premise of the law is that enough young people that don't want health insurance to begin with have to sign up to cover the old people with existing problems which are an instant drain on the system.

5) the CBO has already said it will cost over 2,000,000 jobs in the near term

6) the CBO has already said that more people will be without insurance as a result.

7) employers are cutting jobs and scaling back hours and hiring less in what is the worst economic recovery ever.

8) people lost their doctors and lost their insurance which Obama said would never happen.

9) People on the whole, have fewer options and in most cases costs went up. Yay!

10) Over 1/2 of the population of this nation do not like it and do not want it. Wonderful.

the list of whats wrong with this stupidity is so endless that its pointless to even discuss.

.... but why let an endless list of facts get in the way of an ill conceived Utopian dream.

The Affordable Care Act, a k a ObamaCare, became law almost four years ago. It became operational last Oct. 1. Yesterday, Feb. 4, 2014, the ACA may well have been dealt its death blow.

The Congressional Budget Office released a major study of the government’s budget and its effect on the overall economy over the next 10 years. In dull bureaucratic language, it delivers a devastating analysis of the inefficiencies, ineffectualities and problematic social costs of ObamaCare.

The one-two punch: Virtually as many Americans will lack health coverage in 10 years as before the law was passed — but 2 million fewer will be working than if the law hadn’t passed.

One killer detail comes on Page 111, where the report projects: “As a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA.”

ObamaCare’s key selling point was that it would give coverage to a significant number of the 30-plus million Americans who lack it. Now the CBO is telling the American people that a decade from now, 6 million-plus of their countrymen won’t get health care through their employers who otherwise would have.

Even more damaging is this projection: “About 31 million nonelderly residents of the United States are likely to be without health insurance in 2024, roughly one out of every nine such residents.”

Why? Because, in selling the bill to the American people in a nationally televised September 2009 address, President Obama said the need for ObamaCare was urgent precisely because “there are now more than 30 million American citizens who cannot get coverage.”

Now the CBO is saying that in 10 years about the same number of people will lack insurance as before. This, after new expenditures of as much as $2 trillion and a colossal disruption of the US medical system.

If that’s not startling enough, there’s also the telling projection about ObamaCare’s affect on employment — “a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024.”

Overall employment will rise, the report says, but not steady, secure, long-term assured employment. The possibility of securing government-provided healthcare without employment will give people a new incentive to avoid it. “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply,” the report says.

Indeed, overall, between 2017 and 2024, the actual amount of work done in this country will decline by as much as 2 percent.

How come? Because of perverse incentives ObamaCare provides in the form of subsidies to some and higher taxes to others.

First, the report says Americans will “choose to supply less labor — given the new taxes and other incentives they will face and the financial benefits some will receive.”

Here’s why: Poor people get certain subsidies, which disappear once a worker achieves a certain level of compensation. So it may be better to work less, or not work at all, rather than reach that higher pay level, because the pay increase won’t offset the loss of the subsidy.
This is the classic problem of a government handout: It can become more alluring to those who receive it than the prospect of a life lived without it.

As the report says, “If those subsidies are phased out with rising income in order to limit their total costs, the phaseout effectively raises people’s marginal tax rates [the tax rates applying to their last dollar of income], thus discouraging work.”

There’s a problem on the other end as well — among those whose tax dollars pay for the whole shebang: “If the subsidies are financed at least in part by higher taxes, those taxes will further discourage work or create other economic distortions, depending on how the taxes are designed.”

The White House hastened to do damage control yesterday, and the “senior official” who did the background briefing for reporters said a shocking thing: The projected decline in work is good news.

“It reflects the fact that workers have a new set of options and are making the best choices that they can choose to make for themselves given those options,” the official said.

Really? Really? You know, if that’s the best they can do, certain American workers — those elected to Congress and their staffs — might find themselves forced to make new choices regarding their employment come this November and November 2016.

For the past year, Obama and his supporters have taken to demanding that ObamaCare’s opponents quit trying to undo it because it’s now the law of the land.

Not so fast: With this and the other blows it has been dealt over the past six months, and undoubtedly with new blows to come, ObamaCare really and truly may no longer be the law of the land after the president leaves office.

OldJeff 04-02-2014 06:28 AM

Quote:

Originally Posted by Biggy (Post 20035409)
"If you like it you can keep it" - unfortunately that was not true. A lot of people's old plans became illegal under obamacare and couldn't be offered. A lot of uncertainty in the market place was created, in an individual level and on the corporate level:

The 7 million new sign ups isn't indicative that 7 million more people are insured, hardly. I'm one of those people who lost their insurance and has to re-sign up. Everyone I know who was self insured in California, was dropped by their company.

It's a huge number of people who had their plans dropped and then had to re-sign up, likely for more expensive plans. I'm sure on the big business level there are losers as well. As in for some companies obama are forced companies to lay people off, move them from full time to part time, lower other benefits like retirement matching to pay for the added costs of obamacare, etc etc etc.

Right there with you, My plan was eliminated, and had to get a new plan, costs me a grand a month for my wife and I.

Among the really fucking stupid is because it is required by law, I had to choose a pediatric dental plan, for which I was enrolled with no one eligible, got a bill for $0.00, was sent a card with the info, and the full coverage booklet.

Biggy 04-02-2014 06:35 AM

Quote:

Originally Posted by TheSquealer (Post 20035428)
Typical Liberal Douchebaggery

1) no one knows what "enrolled" means because they absolutely refuse to clarify or provide information and claimed multiple times they don't know. So it could just mean "a guy created an account" and isn't covered at all. In fact, they are asked about this continually and say they don't even know.

2) the vast majority are those who had insurance plans, were happy with their insurance plans and had them cancelled by Obama in the first place.

3) they won't say how many are medicaid - which the majority are.

4) they won't say how many are young vs old... which is super critical being that the entire retarded premise of the law is that enough young people that don't want health insurance to begin with have to sign up to cover the old people with existing problems which are an instant drain on the system.

5) the CBO has already said it will cost over 2,000,000 jobs in the near term

6) the CBO has already said that more people will be without insurance as a result.

7) employers are cutting jobs and scaling back hours and hiring less in what is the worst economic recovery ever.

8) people lost their doctors and lost their insurance which Obama said would never happen.

9) People on the whole, have fewer options and in most cases costs went up. Yay!

10) Over 1/2 of the population of this nation do not like it and do not want it. Wonderful.

the list of whats wrong with this stupidity is so endless that its pointless to even discuss.

.... but why let an endless list of facts get in the way of an ill conceived Utopian dream.

The Affordable Care Act, a k a ObamaCare, became law almost four years ago. It became operational last Oct. 1. Yesterday, Feb. 4, 2014, the ACA may well have been dealt its death blow.

The Congressional Budget Office released a major study of the government’s budget and its effect on the overall economy over the next 10 years. In dull bureaucratic language, it delivers a devastating analysis of the inefficiencies, ineffectualities and problematic social costs of ObamaCare.

The one-two punch: Virtually as many Americans will lack health coverage in 10 years as before the law was passed — but 2 million fewer will be working than if the law hadn’t passed.

One killer detail comes on Page 111, where the report projects: “As a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA.”

ObamaCare’s key selling point was that it would give coverage to a significant number of the 30-plus million Americans who lack it. Now the CBO is telling the American people that a decade from now, 6 million-plus of their countrymen won’t get health care through their employers who otherwise would have.

Even more damaging is this projection: “About 31 million nonelderly residents of the United States are likely to be without health insurance in 2024, roughly one out of every nine such residents.”

Why? Because, in selling the bill to the American people in a nationally televised September 2009 address, President Obama said the need for ObamaCare was urgent precisely because “there are now more than 30 million American citizens who cannot get coverage.”

Now the CBO is saying that in 10 years about the same number of people will lack insurance as before. This, after new expenditures of as much as $2 trillion and a colossal disruption of the US medical system.

If that’s not startling enough, there’s also the telling projection about ObamaCare’s affect on employment — “a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024.”

Overall employment will rise, the report says, but not steady, secure, long-term assured employment. The possibility of securing government-provided healthcare without employment will give people a new incentive to avoid it. “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply,” the report says.

Indeed, overall, between 2017 and 2024, the actual amount of work done in this country will decline by as much as 2 percent.

How come? Because of perverse incentives ObamaCare provides in the form of subsidies to some and higher taxes to others.

First, the report says Americans will “choose to supply less labor — given the new taxes and other incentives they will face and the financial benefits some will receive.”

Here’s why: Poor people get certain subsidies, which disappear once a worker achieves a certain level of compensation. So it may be better to work less, or not work at all, rather than reach that higher pay level, because the pay increase won’t offset the loss of the subsidy.
This is the classic problem of a government handout: It can become more alluring to those who receive it than the prospect of a life lived without it.

As the report says, “If those subsidies are phased out with rising income in order to limit their total costs, the phaseout effectively raises people’s marginal tax rates [the tax rates applying to their last dollar of income], thus discouraging work.”

There’s a problem on the other end as well — among those whose tax dollars pay for the whole shebang: “If the subsidies are financed at least in part by higher taxes, those taxes will further discourage work or create other economic distortions, depending on how the taxes are designed.”

The White House hastened to do damage control yesterday, and the “senior official” who did the background briefing for reporters said a shocking thing: The projected decline in work is good news.

“It reflects the fact that workers have a new set of options and are making the best choices that they can choose to make for themselves given those options,” the official said.

Really? Really? You know, if that’s the best they can do, certain American workers — those elected to Congress and their staffs — might find themselves forced to make new choices regarding their employment come this November and November 2016.

For the past year, Obama and his supporters have taken to demanding that ObamaCare’s opponents quit trying to undo it because it’s now the law of the land.

Not so fast: With this and the other blows it has been dealt over the past six months, and undoubtedly with new blows to come, ObamaCare really and truly may no longer be the law of the land after the president leaves office.

http://news.investors.com/ibd-editor...-a-success.htm

According to this article, at least 1/3 of people of the 7 million are people who re-signed up. Just because people are enrolled doesnt mean they paid for it, which also lowers the #. The employer mandate hasnt hit yet, so theres more blows to come to the system, and premiums may go up even higher than they already have if enough young people haven't signed up.

Pretty sure Obamacare will be repealed in 3 years. A democrat may even repeal it if they want to get elected next time around.

TheSquealer 04-02-2014 06:38 AM

Quote:

Originally Posted by Biggy (Post 20035440)

Exactly, the outright stupidity is tiresome with this.

The Obama administration has now spent enough money to give every single citizen over $2,000,000.00 directly on a dream that causes more problems than it solves.
A Big ObamaCare Success? Not So Fast

Health Care: The administration is crowing that 7 million people filled out applications for ObamaCare plans ? the original enrollment target that once seemed impossible to hit. Don't pop the champagne bottles just yet.

Given the news about surging enrollment and rising poll numbers, maybe Nancy Pelosi was right that Democrats will all benefit in the fall from ObamaCare. Except that once you strip out the hyperbole, little remains to celebrate.

? Seven million enrollees? That figure fails to discount those who haven't paid their premiums. Among the eight states releasing this number, about one in five "enrollees," on average, haven't paid. If that's true nationwide, then only 5.6 million actually will have enrolled in ObamaCare.

? Helping the uninsured? The CBO expected at least two-thirds of exchange enrollees to come from the ranks of the uninsured. But at best, only a third did so. That alone is a major failure. And nobody knows how many of these will pay their premiums.

? Support is surging? Hardly. The ABC News/Washington Post poll that ObamaCare backers are touting simply shows Democrats rallying behind the law. Republicans and Independents are more opposed than they were in January.

The latest IBD/TIPP poll shows that 51% oppose the law, and just 40% approve of it. More than half of independents want it repealed.

Meanwhile, other major ObamaCare problems still lie ahead.

Millions of enrollees are discovering they have insurance in name only, since they can't access their doctors or hospitals without paying a fortune. That will continue to undermine support for the law.

Then there are the millions who lost affordable health plans they liked, despite the endless promises from Obama and other Democrats. That's a betrayal they're not likely to forget.

The insurance industry is also warning that Obama-Care premiums could double next year in several markets, thanks to the combination of mandates, regulations and not enough young people signing up.

Businesses, meanwhile, still haven't confronted the full costs of ObamaCare, thanks to Obama's unilateral ? and likely illegal ? delays of the employer mandate. They will, soon enough.

AmeliaG 04-02-2014 06:47 AM

I lost the primary care doctor who has taken care of my family for over a decade because of this bailout for the already wealthy insurance companies.

Does anyone actually even understand what "open enrollment" means? If this is supposed to be insurance for everyone, why would enrollment ever not be open?

Wizzo 04-02-2014 07:30 AM

Quote:

Originally Posted by Biggy (Post 20035440)
http://news.investors.com/ibd-editor...-a-success.htm

According to this article, at least 1/3 of people of the 7 million are people who re-signed up. Just because people are enrolled doesnt mean they paid for it, which also lowers the #. The employer mandate hasnt hit yet, so theres more blows to come to the system, and premiums may go up even higher than they already have if enough young people haven't signed up.

Pretty sure Obamacare will be repealed in 3 years. A democrat may even repeal it if they want to get elected next time around.

I'm willing to bet its even more then 1/3rd, I know my family and I are in that boat along with many others I know.

myjah 04-02-2014 07:50 AM

Making medical care available to those who would normally be denied is fantastic.

Creating a program that drove UP the cost of my privately purchased healthcare and then offering me a plan within that program with an astronomical premium with no subsidies (as usual, I qualify for zero assistance) isn't exactly a wonderful thing.

L-Pink 04-02-2014 07:55 AM

Typical government solution … a small percentage aren't covered for one reason or another. Instead of focusing on that groups needs/problems the entire country has to change.

BlackCrayon 04-02-2014 08:09 AM

Quote:

Originally Posted by baddog (Post 20035144)
Have you used your new coverage yet? And who is to blame that you had nothing wrong with you but you went to the ER anyway? That is why rates are so high.

Dr. Baddog, diagnosing himself since 1967!

Spudstr 04-02-2014 08:15 AM

7.1million new people getting insurance, and i'm sure my insurance will go up next year. Not down.

baddog 04-02-2014 08:28 AM

Quote:

Originally Posted by clickhappy (Post 20035154)
I had abdominal pain for a week that was getting worse and needed to get it checked, Mr know it all. :321GFY

Constipation? You seem to forget, nothing was wrong.

Quote:



I also have a friend who got pneumonia and had to sleep at the hospital for 2 days. $15,000 bill for a 2 day overnight stay.
Hearsay and hospitals typically charge more than hotels.

Quote:

Originally Posted by KillerK (Post 20035426)
For those that get Obama care, be careful because a lot of the plans they give you nobody accepts.
.

This

Quote:

Originally Posted by BlackCrayon (Post 20035543)
Dr. Baddog, diagnosing himself since 1967!

More like since 1980


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