MUCH More Obamacare TRUTH

So you finally agree they messed up and it needs reform?

And the fact your medical bill was zero means what? You didnt visit a doctor? Because if you did and have an exchange, Obama care policy you would have owed a copayment so please expound on what you said. And if you required tests or outpatient or inpatient care you would have had to meet your deductible and even then you would have owed a copayment. There is no way with an exchange npolicy you paid zero if you recieved care.

 

No question that ACA needs further reform. But it is so good to have it. Last month, I did not pay for any of my prescriptions thanks to health care reform.

 

But we paid for your prescriptions. My premium last month was $1,060, and I did not use any health care. Before obamacare, my monthly premium was $460 in 2009 (it was about $360 in 2003, so don't blame the increase on your mythical "cost curve"), exact same plan. Now I and every other person in the company I work for pays an extra $600 a month so people like you can mooch off of us.

Factor that into your "productivity" calculations. I cost my employer an extra $7,200 a year so you can pawn your prescription costs on other people. All that money being siphoned out of productive activity, money that could pay for college, new medicines, the cure for cancer. But no, you need your prescription and don't want to pay for it, so everyone else just has to suffer.

Thanks obamacare.

 

So true for most of us we pay a copaymenr for our prescriptions. I never have paid zero. Just how did Mr. Truth pay zero? Thats100% coverage, I haven't seen any Obama care,exchange policy that even offers that.

 

Forcing people to buy a product they don't want it's criminal and actually something the government is supposed to protect us from. You wouldn't know a patriot if you met one.

 

Congratulations - you paid for prescriptions of wealthy elites who work for Fortune 500 companies and who make FAR more money than you do. This thanks to the tax code which is so beloved by Republicans who gave you the Income Tax Amendment.

- - - Updated - - -

Your party created the Sixteenth Amendment to the Constitution which causes all that.
Unpatriotic you say?
Then don't vote Republican.

 

No, we are forced to pay for your prescriptions and health care. You penalize us multiple times -
1 - we pay for it in direct lost wages, creating hardship on families, forcing people to work harder to provide for their families
2 - we pay for it through weaker companies who have valuable funds siphoned off, funds which could be used to hire additional employees, develop new products, improve old products.
3 - we pay for it through a damaged health care system which provides lower quality care, and more expensive care.
4 - we pay for it through a more corrupt and intrusive federal government which further erodes the economy.

Don't try to dodge the facts. Its incredibly selfish to force so many people to suffer just because you don't want to pay your fair share. Pay for your own prescriptions.

 

Oh noes.....say it isn't so. More failure by BO peep and his special care package.



Ouch: Fewer Americans Have Private Health Insurance Now Than Before Obamacare Reform.....

Guy wrote about the coming damage Obamacare will inflict upon us in 2017. In short, it’s a total disaster, with premiums set to spike to outrageous levels, 75 percent in Arizona alone. Another punch to the gut regarding this miserable failure of a health care law; there are fewer Americans with private insurance now than there were in 2007 (via Weekly Standard):

That's according to the federal government's own figures. According to the Centers for Disease Control and Prevention (see table 1.2b), 66.8 percent of those living in the United States had private health insurance in 2007. Now, as of 2015 (the most recent year for which figures are available), only 65.6 percent of those living in the United States have private health insurance.

It turns out that median incomes aren't the only thing that have dropped since 2007.

There are currently about 320 million people living in America. If the percentage who have private health insurance were as high now as it was in 2007, 3.8 million more people would now have private health insurance.

This isn’t the only thing that off. The projections from the Congressional Budget Office regarding where enrollment should be with Obamacare missed its target…by 24 million......snip~

http://townhall.com/tipsheet/mattve...nce-now-than-before-obamacare-reform-n2234957

 

Tell that to corporate elites who work for Fortune 500 companies who make FAR more money than you do and whom you subsidize.

 

If they were here, I would.

But they are not here.

And you are here, and you are flouting the fact that you get freebies by forcing all of us to pay what we cannot afford. We suffer so you can not only mooch off of us but then you taunt us with your abuses.

You are proof the system is unfair, and all your talk of "equality" is just plain simple "progressive" BS. You have been bought and paid for, you sold your social conscience for free prescriptions.

 

LOL. Unlike your heroes in the GOP who never pay taxes such as Trump, I worked since the age of 10 and paid my taxes. Today, I am getting back my investment in society unlike those heroes of yours who laugh at you enjoying their freebies at your expense. So stop crying.

 

Yes, all the gains in terms of the number of people now with health care coverage have in in Medicaid. ObamaCare by the numbers is basically an expansion of Medicaid.

 

Trump's taxes conform to IRS regulations which are developed by the US gov. He used short term losses as permitted by the tax code to offset future tax obligations. The reason for regulations such as these are to avoid having businesses go bankrupt (and the resulting loss of employment) due to one bad year. As Trump has said 'if people don't like this contact the legislature and change the tax laws.'

 

Glad you realized that his special care package is failing. It took BO peep to tell those that support it. Yes it needs some band aids, huh?

 

It needs to go away and be replaced by a true national market, insurance policies designed to meet customer needs, block granting of Medicaid to the states, providing for people with pre existing conditions (one thought is to include them in the Fed Emplyee Health Insurance System), medical tort reform, and privatizing Medicare (which was being developed in Bill Clinton's second term but killed by a blue dress). Keep the gov out of health care. Look at Medicaid, VA, Medicare ...

 

Welfare for the rich.

 

Jobs for US workers. Why are you against that ??

 

Double-digit increases in premiums in almost all states except Indiana. Here in Indiana we have a different system and had to get approval from the federal government to keep using it.

 

Yep, BO the peep and his Team finally admit his special care package is falling apart. Hillary wants more of the same fail too.

People need to note that!

 

Most/all Indiana gov employees have Health Savings Account policies as well IIRC. Mitch Daniels implemented this reform which is very similar to that used at Whole Foods for their employees.

 

Business has created jobs every month since Obamacare became law, Obama said in State of the Union




http://www.politifact.com/truth-o-m...ss-has-created-jobs-every-month-obamacare-be/



President Obama's State of the Union speech:









All the more reason to support Obamacare!


Thank you for making my point.

 

The employment stats for the Obama economy are pathetic. U3 is only ~ 5% because the labor force participation rate is so low. The real unemployment stat is U6 which is ~ 10%.

The Obama economy has grown at a pathetic rate of ~ 2% per year since the end of the recession which lasted 3 quarters and ended in 2009. The Obama recovery is the worst since the Great Depression. Obama will be the first US President to never have an annual gdp growth rate above 3%. ObamaCare contributes to this anemic economic performance as documented and quantified by Dr. Casey Mulligan in his recent book "Side Effects and Complications - The Economic Consequences of Health Care Reform" which shows the disincentives the law implements to economic growth. The law is falling apart as even Bill Clinton and Barrack Obama have now acknowledged.

 

Thank you for admitting you prefer having traitor Bush's "Great" {sic} Recession.

 

Clumsy attempt at rewriting history - that's what liberals are doing all the time. The causes of the housing bubble are liberal housing policy and the Fed easy money policy. The cause of the financial crisis is gov banking regulations. Here is what caused the housing bubble & financial crisis:

The housing bubble and financial crisis are actually two different things although the collapse of the housing bubble resulted in the financial crisis. The housing bubble was caused by the lowering of lending standards due to the HUD requirement that Fannie and Freddie make a set percentage of loans to low income borrowers. This policy was initiated by Bill Clinton and was based on an interpretation of the Community Reinvestment Act. At the end of Clinton's term that percentage was 50%. This was increased to 55% by the Bush administration. The lowering of the lending standards was used by unscrupulous mortgage lending firms like Countrywide and New Century to make many other high risk loans. Adding to the housing bubble was the easy money policy of the Fed which made loans easier to afford due to low interest rates. The housing bubble suddenly burst in 2008. This was similar to the dot.com bubble which burst in 2001 and recovered from by 2003 but why was the financial industry so terribly affected this time.

The financial crisis triggered by the housing bubble collapse was the result of a combination of financial and banking regulations going back to 1936 (See the list below). Mortgage backed securities have been around for years before the 00's. They are securities formed by conglomerating home mortgages and are a way for investors to earn a return through the housing market. They have historically been very safe investments. The HUD housing policies however resulted in a portion of the MBS's created in the 90's and 00's to consist of the subprime and other low standard loans. The Basel rules were based on the assumption that securities consisting of home mortgages were of very low risk. Therefore the reserve requirements for MBS's were set at a very low rate of 5%. This meant that for every $50K of MBS's that a commercial or investment bank had it could make loans totaling $1M. Since banks make money from loans they would use the investment vehicles with the lowest reserve requirement. And very many of them did. They bought AAA rated MBS's (the ratings were determined by the National Ratings Agencies - Fitch, Moodys, and Standard and Poors). This was required by gov regulation. But the ratings agencies were not doing due diligence on the make up of the MBS' which was unknown to the banks involved who trusted the ratings and Basel guidelines. Collapse of the housing bubble caused foreclosures in the subprime mortgages especially. This created fear and uncertainty in the value of the MBS's even though they were still paying ~ 90% of their returns. The market price dropped (in some cases a price could not be determined because no one was interested in buying). This is where the mark to market rule came in resulting large paper and consequently the banks reserves falling below the already low 5%. The bailout from the gov started out as TARP which was passed to buy up all these MBS's which had now large paper losses due to mark to market. It was quickly changed however to give money directly to the banks so that they could bring their reserves up to the 5% level. Bear Stearns was bailed out but Lehman was allowed to fail. This resulted in uncertainty and the credit markets froze (none of the banks wanted to lend to other banks who might not be bailed out). Some commercial banks like WaMu also had MBS's in reserve and ended up being taken over.


The analysis of what happened is contained in the book by Friedman and Kraus – “Engineering the Financial Crisis” – 2011. As can be seen these rules were issued over the years with no analysis on how they might conspire together to set up a catastrophic house of cards situation due to the homogenization of asset mix held by many of these investment houses. Collapse of the housing bubble which affected these assets including MBS’s (whose contained loans were still paying at ~ 80%) then lost value due to the market price dropping way below value triggering large paper losses due to mark to market accounting rules. This reduced the capital and lending capacity of the banks due to Basel I and the Recourse Rule (an adoption in the U.S. of part of what later became Basel II), which specify those capital requirements. The conflation of all of this resulted in the financial (really the banking) crisis. The authors also show that the repeal of Glass Steagal had nothing to do with the financial crisis. Glass Steagal prevented the mixing of private deposits with investments and that was not a factor. Here are the set of regulations:



1. SEC Regulations from 1936 requiring mandated minimum ratings for a growing number of institutional investments.

2. SEC decision in 1975 to confer NRSRO on the big three ratings agencies.

3. Basel 1 from 1978 which established favorable risk weighting for mortgages and GSE issued MBS’s.

4. Mark to market accounting established by FAS 115 in 1993 and refined by FAS 157 in 2006.

5. HUD targets for mortgages to low-income families in the late 1990’s resulting in reduction of down payment requirements for the GSE’s.
++
6. Recourse Rule issued by the FED, FDIC, and Office of the Comptroller of the Currency, and the Office of Thrift Supervision.


Source - "Engineering the Financial Crisis - Systemic Risk and the Failure of Regulation" - Jeffrey Friedman and Wladimir Kraus - 2011.

 

SEC regulations and other FDR reforms saved the USA from the Great Depression that was created by the Republicans.


Now, back on topic - for those who worry about increased coverage costs due to ACA, there's always this:










Naturally, the right wingers never mention that.