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Obamacare, Otherwise Known as The Affordable Care Act (ACA)

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  • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

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    • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

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      • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

        Obamacare to Redistribute Wealth of the Middle Class

        Obamacare will increase the income of Americans in the lowest 20 percent of the income scale, and especially in the lowest ten percent. But all other income groups -- even people who make very modest incomes in the $25,000 to $30,000 range, as well as all income brackets above that -- will experience a decline in income because of Obamacare.

        In other words, Obamacare is going to cost some of the very people it was designed to help.

        Obamacare will reduce, by an estimated 0.9 percent, the incomes of working-age Americans in the next-lowest income bracket, households making between about $21,000 and $40,000 a year. And in the next income group, households making between about $40,000 and $65,000 a year — Obamacare will reduce their income, too, also by 0.9 percent.
        Obamacare to Redistribute Wealth of the Middle Class - Katie Pavlich

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        • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

          Obamacare will push 2 million workers out of labor market: CBO

          Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office.

          That’s a major jump in the nonpartisan budget agency’s projections and it suggests the health care law’s incentives are driving businesses and people to choose government-sponsored benefits rather than work.
          Read more: Obamacare will push 2 million workers out of labor market: CBO - Washington Times

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          • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

            The classic dodge:

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            • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

              Originally posted by OldmanDan View Post
              Obamacare to Redistribute Wealth of the Middle Class

              Obamacare to Redistribute Wealth of the Middle Class - Katie Pavlich
              This should surprise no one, the economics alone of how this is working out tell us that those who already had insurance will have to end up paying more for everyone else brought into the system (through rates, cost of subsidies, whatever else.) The term "affordable" is a designation for those who were brought in, not those already with health insurance. This has been proven time and time again. Here, like other areas the government plays in, determined in advance who won and who lost. In this case we just shifted costs around effecting just about everyone but the top income quintile (what a shock.)

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              • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                Originally posted by Sluggo View Post
                This should surprise no one, the economics alone of how this is working out tell us that those who already had insurance will have to end up paying more for everyone else brought into the system (through rates, cost of subsidies, whatever else.) The term "affordable" is a designation for those who were brought in, not those already with health insurance. This has been proven time and time again. Here, like other areas the government plays in, determined in advance who won and who lost. In this case we just shifted costs around effecting just about everyone but the top income quintile (what a shock.)
                From those according to their means, to those according to their needs.

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                • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                  CBO Director Douglas Elmendorf told the House Budget Committee on Thursday that the health care law will reduce employment by 0.5 percent by 2021 because some people will no longer have to work just to afford health insurance.
                  That means that if the reduction in the labor used was workers working the average number of hours in the economy and earning the average wage, that there would be a reduction of 800,000 workers, Elmendorf said in an exchange with Rep. John Campbell (R-CA).
                  CBO: Health law to shrink workforce by 800,000 - J. Lester Feder and Kate Nocera - POLITICO.com

                  The new healthcare law will slow economic growth over the next decade, costing the nation about 2.5 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office (CBO) said in a report released Tuesday.

                  The nonpartisan agencys report found the healthcare laws negative effects on the economy will be substantially larger than what it had previously anticipated.

                  The findings from the nonpartisan agency immediately roiled the debate over the healthcare law on Capitol Hill ahead of a midterm election that Republicans hope will be dominated by the fight over ObamaCare.
                  CBO: O-Care slowing growth, will cost 2.3M jobs | TheHill

                  In 2011, the CBO estimated the law would cause a reduction of about 800,000 full-time equivalent workers.

                  "CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less laborgiven the new taxes and other incentives they will face and the financial benefits some will receive," said the report.
                  CBO nearly triples estimate of working hours lost by 2021 due to Affordable Care Act

                  Hmm. Since when is 'work less hard' or 'work less' to get more subsidies and depend more on the government the attitude that got the people of this nation forward progress?

                  Yes, the Entitlement Society has taken hold, and will be difficult to shake. A detriment to the nation and it's people.

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                  • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                    Originally posted by OldmanDan View Post
                    From those according to their means, to those according to their needs.
                    I'm seeing that way to damn often... and in so many ways. It is most upsetting.

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                    • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                      Majority of Americans Still Disapprove of Healthcare Law

                      Attitudes toward law and its long-run potential still tilt negative

                      by Andrew Dugan

                      WASHINGTON, D.C. - President Barack Obama defended his signature legislative achievement, the Affordable Care Act, before Congress and the nation last week in his State of the Union address, but public opinion toward the law is little changed since November. Americans are still more likely to disapprove (51%) than approve (41%) of the law.

                      The latest results, from a Gallup poll conducted Jan. 31-Feb. 1, show that even though many provisions of the law are now in effect, Americans' views of the Affordable Care Act, commonly known as "Obamacare," still tilt negative.

                      Underpinning this lack of overall support is the fact that most Americans believe the law so far has had no effect (64%) or a harmful effect (19%) on their family. These opinions are broadly consistent with Gallup polling dating back to February 2012, when fewer provisions of the law were in place.
                      Majority of Americans Still Disapprove of Healthcare Law

                      ObamaCare isn't gaining any popularity with the electorate. Seems like the more the electorate has to deal with it, the less they like and support it.

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                      • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                        Originally posted by eohrnberger View Post
                        Majority of Americans Still Disapprove of Healthcare Law

                        ObamaCare isn't gaining any popularity with the electorate. Seems like the more the electorate has to deal with it, the less they like and support it.
                        They had to read it to find out what was in it. Now that they have found out, they are not happy.

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                        • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                          Originally posted by OldmanDan View Post
                          They had to read it to find out what was in it. Now that they have found out, they are not happy.
                          Ironically given who said that, Pelosi seems quite pleased with herself. Damn twit!

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                          • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                            Yeah, those Democrats really care about the little guy:

                            Senate Majority Leader Harry Reid (D-Nev.) said the Congressional Budget Office report that shows Obamacare will make the labor force lose 2.3 million full-time workers by 2021 is positive because it lets Americans be “free agents.”

                            “We have the CBO report, which rightfully says, that people shouldn’t have job lock. If they — we live in a country where there should be free agency. People can do what they want,” Reid told reporters outside of a policy luncheon. “And what they’re saying here is — and the fact checkers have already done this — the Republicans talk about losing millions of jobs simply isn’t true. It allows people to get out of a job they’re locked into, because of — they have healthcare in their job.”
                            The PJ Tatler Reid: Obamacare Doesn’t Cost Jobs, It Turns Workers Into ‘Free Agents’

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                            • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                              Creating Killing Millions Of Jobs

                              Dept. Of Corrections: Leading Democrats said ObamaCare would create 4 million jobs by cutting health costs and unleashing entrepreneurs. Now we learn the promise was off by 6.5 million — in the wrong direction.

                              Here's what Rep. Nancy Pelosi, the top Democratic in the House, had to say about ObamaCare in February 2010:

                              "It will create 4 million jobs, 400,000 jobs almost immediately — jobs, again, in the health care industry but in the entrepreneurial world as well."
                              Read More At Investor's Business Daily: CBO Report: ObamaCare Will Kill Jobs, Not Create Them - Investors.com

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                              • Re: Obamacare, Otherwise Known as The Affordable Care Act (ACA)

                                Obamacare enrollees hit snags at doctor's offices
                                Many consumers faced hurdles signing up for Covered California health plans. Now they're having trouble finding in-network doctors.

                                Obamacare enrollees hit snags at doctor's offices - latimes.com

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