I think Obama care will crush our economy however I will gladly eat crow if it does not. I’m trying to get my friends and coworkers to save their receipts. Keep a power bill, grocery receipt and gas receipt. Note the cost of a unit of electricity and gas, a gallon of milk along with other basic items and gasoline. I’m putting it in my income tax folders so I can find them to compare against receipts a year or two from now. If I’m not paying considerably more for all those basic items I’ll gladly eat crow.
I’ll be 100% honest, I don’t know what’s even in the bill…
Don’t feel bad, last I heard even President Obama admitted he didn’t know what was in it.
Someone sent me a link to an article on it that is supposed to be pretty good but I haven’t had a chance to read it yet.
Why was Webster at the bill signing?
M_P
Here’s my take from the insurance industry.
It’s 2,500 pages long. The insurance company has to pay lawyers to interpret what is in there and how to comply with it, premiums rise.
Insurance companies will no longer be able to deny for preexisting conditions. Higher risk pool, premiums rise… I can’t wreck my car and buy insurance two weeks later and get it fixed.
More people will have Medicaid and Medicare. They reimburse providers at rates from well over 20 years ago. They have to make up the difference somehow. Insurances will be charged more. Premiums rise.
Supply and demand. Demand goes up, costs go up. Premiums go up.
We already outsource to India. They plan to outsource another 30% of the company, people will lose their jobs, alot of people will lose their jobs. Alot of lower income people will lose their jobs, alot of minorities will lose their jobs too being as how our company is, direct from the website, an equal opportunity/ affirmitive action employer, more often than not they have lower paying jobs. customer service, claims processing, claims adjustor etc. But it will the fault of the ceo, cfo trying to keep the company afloat not the progressives in charge.
you will probably pay in the form of suppressed wages if youre not laid off that is. Unemployment is only guaranteed to go up along with prescription drug and insurance premium prices. This bill did nothing to address cost, just gave the Executive Branch gigantic control of the healthcare sector. Not only htis we still have the commercial real estate market about to cave and more ARM mortgages going to reset in 2010 and 2011. Not to mention the Bush tax cuts expiring at the end of 2010. If Bush tax cuts expire, thats more unemployment.
Not only that the restrictions imposed on insurance companies will destroy their profitability. Cant deny for pre existing conditions? That alone will kill them. That destroys the entire concept of insurance. Like buying house insurance AFTER my house burns down and being able to claim it. Then they will claim “oh look the free market didnt work, come to the govt plan” :rolleyes:
Of course Congress and the Democratic Leadership decide to explicitly exempt themselves, their staff, and anyone working for a member of Congress from the bill. That is the primary BS flag, if this was so good, why did they exempt themselves
Taxes will go up. People get laid off.
Business will be forced to provide more insurance. People get laid off.
More people laid off, more people on governments teat. More people, more money needed.
Taxes go up some more. More people get laid off… so on and so forth.
It is the Democrat SOP.
From talk radio yesterday they can still deny coverage, they just have to pay a fine. The fine is $100 per person denied.
WTF is $100 to the insurance company? Especially when medical bills can run into the hundreds of thousands.
http://blogs.dailymail.com/donsurber/archives/7423
anyone have a link to this part? I want to use it for reference later edit: its $100/day but thats still a hell of a lot cheaper than treating you. And it will get blamed on the mean insurance companies and free market.
See, just like gun control, this sham of a “healthcare” law isn’t about caring for the sick, it’s all about CONTROL.
This is the face of leftist fascism. :mad:
OK, I fine you $100 for being named Kevin.
M_P
Yes. They are taking 600 billion in new taxes out of the economy. Its going to be harder to employ people, and hire new workers due to the mandates.
Private insurance is going to go up. Private insurance is a subsidy to the government plans, and the government plans pay pennies on the dollar to doctors for what private insurance pays more than the actual services really cost. This is because doctors and hospitals could not stay in business just treating government plan people as often times they lose money treating those patients.
Rarely is there such a thing as taxes on the rich because they are in the position to deflect those added costs into other segments. This includes business owners laying people off, cutting benefits, cutting pay, raising prices on products, etc. Its always the middle class, and somewhat the low income people who end up really paying for it. If you rich boss suddenly has to pay 20% more taxes in a year where do you think he is going to look to make up for that. Your paycheck, your benefits, etc. When you go to the grocery store you’re going to pay more. The more taxes rise the less buying power your money has, and you might even start making less if you even keep your job.
This is why Europe historically has always had a much larger rate of unemployment than the US. Our recession numbers are somewhat normal for them. Many many more people over there are reliant on public transportation because they cannot afford to drive a car with the taxes, and 10 dollars for a gallon of gas. Mopeds are so popular over there because its the only way many can get around without sitting on a bus. The entire EU has around 500 million people, and barely has a higher collective GDP than the US at 300 million. High taxes create stagnant economies with tons of people reliant on the government. Less people go to secondary education there, their survival rates for disease is lower, their military’s are almost a joke, and they are perhaps worse off in the debt department than the US is.
Yet the above is what our dear leader and crew want for us. A European style government where the people are not citizens but subjects (to their every whim). Obama complains 70k people a year die because they dont have health insurance. Ask Europe how many people die because their socialist systems have lower survival rates than we do.
In the long term taxes are going to have to go up to pay for all this. We are right now running about a 1.5 trillion yearly deficit. It has to go up. They are likely going to look at more taxes on this evil rich people and companies, more nickle and dime taxes on the people, raise the gas taxes, a VAT “sales tax” on top of our income taxes, high SS and medicare taxes, etc. A socialist government consumes far more money than what we are supposed to have- a small limited government. Check out what the Federal budget was 100 years ago compared to today after socialism has taken root in our system.
According to this video of President Obama from last week. The government is going to end up paying small businesses to cover their employees and that I should ask for a raise.
http://www.youtube.com/watch?v=lUd-slJc-GY
I showed this to my boss and asked for a raise…He told me to GTFO of his office.
The people who were for this bill believe what he is saying will actually be true.
the irony is illegals already get ER treatment under the current system. If you are illegal under the system you escape the mandate and probably still can get treatment. This smells like it increases the incentive to be illegal. Illegals would have more freedoms than us since they avoid the mandate and fine.
Our country is screwed!
shouldn’t we increase the supply of healthcare to lower costs, rather than increase the demand. just a thought. it would probably cost less overall, and improve our economy if medical school was funded 100% by the gov… course we really can’t expect outside the box thinking from the government. :rolleyes:
This will become a huge problem and mainly for the smaller businesses. Why would a small business that is currently struggling pay fines to keep people employed? They won’t and I think we will see a jump in unemployment numbers because of this. And since there are so many programs for the unemployed, people will continue to pull money from the gov and not be out looking for jobs. This is just going to reward laziness and the cycle will continue to repeat as rifleman stated above.
S/F
Tim
I have been told that the tax increase on medical device makers (among other companies) will be offset by the increase in business. Who needs a device of sorts now and will all of the sudden go get it then? I struggle to see a direct increase in business for them, as most people who need any amount of care get it one way or another (via ER, etc). This, much like most legislation these days, seems to defy simple logic and cannot be figured out.
lol, that’s what I was thinking.
When I heard this this morning I couldn’t believe any democrat would actually admit the truth behind the obama care legislation. I heard on Rush that he has since called the radio station where he originally made the remark trying to retract his statement. Claiming he was too fatigued from the whole fight, and didn’t mean to say what he had. Which is funny because we know that fatigue causes people to be off their guard, and thus be prone to blurt out the truth before thinking about it. Isn’t that the reason that enhanced interrogation techniques use sleep deprivation? I wonder how much trouble representative Dingell received for letting the cat out of the bag?