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  1. #1
    Olympic Champ RYou's Avatar
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    Default Obamacare

    Bill clears the Senate Finance Committee with repub voting for it.

    Just another side of Obamacare....only employers will be allowed to buy into "group" programs. Colleges and universities that offer comparatively less expensive student group health programs will no longer be qualified to offer group pricing. The cost, nearly a $1000 increase per student when underwritten on an individual basis.

    The GAO accountants price the cost of the program at $850,000,000,000 (I'll make reading easy, that's 850 billion) IN ADDITION to the existing $500,000,000,000 (that one is 500 billion) tab for Medicare/Medicaid - this is a $1.3 TRILLION dollar deal that won't pull a single person off the unemployment line.

    I'm close to the medical insurance business and every medical insurer I've talked to has priced this deal at a minimum $2000 increase in addition to the employer funded portion becoming taxable income for every person that currently buys the insurance through their employer. Add and average 1500 to your wages and then pay the tax without the benefit of increased cash in your pay check. You can bet any added hit to the employer bottom line is going to be an employer pass through right down to your own pocket.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  2. #2

    Default Re: Obamacare

    I'm not calling a foul, but could you post the source of your facts?

    I'd like to read it for myself.

    No offense.

  3. #3
    Olympic Champ RYou's Avatar
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    Default Re: Obamacare

    Sorry, wasn't the GAO, it was the congressional accounting office.

    http://www.cbsnews.com/stories/2009/...n5369965.shtml

    Medicare spending is growing steadily in both absolute terms and as a percentage of the federal budget. Total Medicare spending reached $440 billion for fiscal year 2007, or 16% of all federal spending. The only larger categories of federal spending are Social Security and defense. Given the current pattern of spending growth, maintaining Medicare's financing over the long-term may well require significant changes.[36]
    http://en.wikipedia.org/wiki/Medicar...ited_States%29

    Note, that's just Medicare spending for 2007. The accounting projections for 2009 are at $500B due to increasing costs paid to providers and the aging population adding to the number of Americans enrolling in the program.

    [I]New data from the Treasury Department show that federal outlays for Medicaid were lower in fiscal year 2006 than in 2005 even in nominal dollars (i.e., even without adjusting for inflation). Federal Medicaid expenditures were $180.6 billion in 2006, as compared to $181.7 billion in 2007. [/I]
    http://www.cbpp.org/cms/?fa=view&id=824

    This new health program is supplementary to, not replacing the existing Medicare program.


    Summary of penalties if you opt not to buy insurance. Actually a good comparison of the three proposals on the table.

    Insurance premiums could not exceed 12.5 percent of an individual’s income. People could purchase insurance through a health insurance exchange, where choices include private companies and a government option. Those who don’t purchase coverage must pay a penalty of between $1,500 and $3,800. The bill would reduce the number of uninsured legal residents to 3 percent.
    http://bulletin.aarp.org/yourhealth/...and_you.2.html
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  4. #4

    Default Re: Obamacare

    The thing that caught my eye was the $1.3 trillion.

    It still doesn't add up.

    The $850 billion figure that you used is a 10 years cost, not annual.

    Furthermore, the next paragraph from your linked article goes on to say....

    "The Congressional Budget Office added that the measure would reduce federal deficits by $81 billion over a decade and probably lead to "continued reductions in federal budget deficits" in the years beyond. "

    ------

    I haven't heard anyone ,Obama included, claim that they have the fix all solution to health care.

    The bottom line in that Medicare has about 10 yrs left in its current state. If you or the GOP doesn't like "Obamacare", then it's time to start coming with alternatives.

    Maintaining the status quo is unsustainable.

  5. #5
    Olympic Champ RYou's Avatar
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    Default Re: Obamacare

    Quote Originally Posted by Ground&Pound View Post
    The thing that caught my eye was the $1.3 trillion.

    It still doesn't add up.

    The $850 billion figure that you used is a 10 years cost, not annual.

    Furthermore, the next paragraph from your linked article goes on to say....

    "The Congressional Budget Office added that the measure would reduce federal deficits by $81 billion over a decade and probably lead to "continued reductions in federal budget deficits" in the years beyond. "

    ------

    I haven't heard anyone ,Obama included, claim that they have the fix all solution to health care.

    The bottom line in that Medicare has about 10 yrs left in its current state. If you or the GOP doesn't like "Obamacare", then it's time to start coming with alternatives.

    Maintaining the status quo is unsustainable.
    Tell me, when was the last time health care costs have declined?

    Never said I was for or against Obamacare, just posting some facts that are out there.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  6. #6
    Olympic Champ RYou's Avatar
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    Default Re: Obamacare

    Looks like someone else finally pulled out the old calculator and added up all of the pieces.

    House health bill totals $1.2 trillion
    Amount is far higher than the $900 billion cited as the president?s price tag

    http://www.msnbc.msn.com/id/33593719...h_care_reform/
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  7. #7
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    Default Re: Obamacare

    Quote Originally Posted by RYou View Post
    Looks like someone else finally pulled out the old calculator and added up all of the pieces.

    House health bill totals $1.2 trillion
    Amount is far higher than the $900 billion cited as the president?s price tag

    http://www.msnbc.msn.com/id/33593719...h_care_reform/
    As usual I can't help but mention the status quo has pretty much killed any chance I have at a retirement, and that is with the one who is insured. And with a outrageous BP myself, and no health insurance, and still wrestling live, I am likely to go the way of the Vet wrestler in worlds this year (which would be okay as long as I live long enough to finish raising Reni).

    I do have the luxury of not caring anymore..... it is to late for me. Just that acceptence has my BP a little under 200 now.
    I am 49, bald, ugly, and don't own a single cool thing. Kids like me though.

  8. #8

    Default Re: Obamacare

    Quote Originally Posted by RYou View Post
    Bill clears the Senate Finance Committee with repub voting for it.

    Just another side of Obamacare....only employers will be allowed to buy into "group" programs. Colleges and universities that offer comparatively less expensive student group health programs will no longer be qualified to offer group pricing. The cost, nearly a $1000 increase per student when underwritten on an individual basis.

    The GAO accountants price the cost of the program at $850,000,000,000 (I'll make reading easy, that's 850 billion) IN ADDITION to the existing $500,000,000,000 (that one is 500 billion) tab for Medicare/Medicaid - this is a $1.3 TRILLION dollar deal that won't pull a single person off the unemployment line.

    I'm close to the medical insurance business and every medical insurer I've talked to has priced this deal at a minimum $2000 increase in addition to the employer funded portion becoming taxable income for every person that currently buys the insurance through their employer. Add and average 1500 to your wages and then pay the tax without the benefit of increased cash in your pay check. You can bet any added hit to the employer bottom line is going to be an employer pass through right down to your own pocket.
    The world is ending!

  9. #9

    Default Re: Obamacare

    I'm close to the medical insurance business and every medical insurer I've talked to

    Medical insurer? That is hilarious. One of the funniest posts I've ever read here. I'm sure your buds are real objective. Keep 'em coming. I need the comic relief after listening to doom and gloom nopublicans like you pontificate and predict armageddon.

    You're all a bunch of hot air.

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