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Ten disturbing facts about Obamacare

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http://news.investors.com/032113-648891-obamacare-turns-3-10-disturbing-facts-about-health-law.aspx

From the linked article:


Boost insurance costs.
Push millions off employer coverage.
Cause premiums to skyrocket.
Cost people their jobs.
Tax the middle class
Add to the deficit.
Cost more than promised.
Be a bureaucratic nightmare
Exacerbate doctor shortages.
Leave millions uninsured.

Guest


Guest

Obamacare a detriment to hiring, recovery




LAS VEGAS REVIEW-JOURNAL
What's slowing down job creation in Nevada, where the real unemployment rate ? counting part-timers who would prefer full-time work, and those who've given up looking ? averaged 20.3 percent in 2012?

One prime suspect is ObamaCare, with its mandate that employers with 50 full-time employees or more must offer health insurance ? not just some high-deductible coverage for catastrophes, but a costly package including every kind of politically correct bell and whistle.

Left-leaning college professors with guaranteed government pensions and a belief that the end justifies the means may say it's a minor problem, but the fact is that small companies with any number of employees between 25 and 100 ? that's a lot of employers ? are eyeing the 50-worker ObamaCare mandate and making their desperate survival plans accordingly.

How do you think a Reno resident would fare today if he or she applied for a job at a local Jimmy John's sandwich shop? The chain was growing in 2011. Then Timothy Wulf, a retired economics professor who owns JJ of Reno, operator of the shops in Northern Nevada, realized his staff of more than 100 put him right in the bull's-eye for the ObamaCare mandate.

So Mr. Wulf says he began cutting workers 18 months ago ? and not because business was bad. He sold one of his three stores, retrained workers to handle more duties and invested in labor-saving technologies. Automated online ordering, for example, replaced the equivalent of two full-time workers. (Where are they working now, do you suppose?) Given the number of part-timers working at any sandwich shop, Mr. Wulf managed to reduce his work force to 42 full-time equivalent workers.

So, beginning to next year, who will be able to offer a sandwich of the same size and quality for less: Mr. Wulf, or a competitor with 52 employees?

Mr. Wulf is one of the rare employers still willing to speak up. After Darden Restaurants, parent of Red Lobster and Olive Garden, said last fall it would sensibly cut worker hours to avoid the insurance mandate and thus hold down prices for customers, socialist advocacy groups organized boycotts. Executives said in December their honesty may have contributed to a big fall in quarterly earnings.

"Let's face it: We're not really out of the worst recession in my lifetime, and now we're asking employers that may not yet have recovered financially to have another burden on them," Michael Caparso, an employee benefits specialist with National Healthcare Access in Las Vegas, tells the Review-Journal's Jennifer Robison. "It's the first thing we hear from employers: 'I'm just going to cut everyone between 30 and 40 hours down to 29 and be done with it.' They also tell us they're going to freeze hiring, because they don't want to risk going over that (50-worker) threshold."

Members of Congress say they're puzzled why job creation is so slow, even as they threaten to raise the minimum wage, outlawing the very jobs entry-level workers need to get their foot on the bottom rung of the ladder, even as America's entrepreneurs and business owners finally begin to learn what Rep. Nancy Pelosi meant when she said Congress had to pass ObamaCare "so we can find out what's in it."

We're finding out, all right. Good and hard.



- There are also businesses that are rationalizing staff to get below the 50 employee threshold. ? ?Look at it from the standpoint of the owner in this business climate. ? ? Makes sense for some. ? ?

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Guest

Just over three years ago, then-Speaker Nancy Pelosi famously quipped about ObamaCare that "we have to pass the bill so you can find out what is in it.
But only now, as ObamaCare's third anniversary approaches ? President Obama signed it into law on March 23, 2010 ? is the country starting to find out what the sweeping health care overhaul will actually do.

ObamaCare backers typically tout popular features that went into effect almost immediately. The law expanded Medicare's drug coverage, for example, and let children stay on their parents' plans until they turned 26.

But the bulk of ObamaCare doesn't take effect until next year. That's when the so-called insurance exchanges are supposed to be up and running, when the mandate on individuals and businesses kicks in, and when the avalanche of regulations on the insurance industry hits.

As this start date draws near, evidence is piling up that ObamaCare will: Boost insurance costs. Officially the "Affordable Care Act," ObamaCare promised to lower premiums for families. But regulators decided to impose a 3.5% surcharge on insurance plans sold through federally run exchanges. There's also a $63 fee for every person covered by employers. And the law adds a "premium tax" that will require insurers to pay more than $100 billion over the next decade. The congressional Joint Committee on Taxation expects insurers to simply pass this tax onto individuals and small businesses, boosting premiums another 2.5%.

Push millions off employer coverage. In February, the Congressional Budget Office said that 7 million will likely lose their employer coverage thanks to ObamaCare ? nearly twice its previous estimate. That number could be as high as 20 million, the CBO says.

Cause premiums to skyrocket. In December, state insurance commissioners warned Obama administration officials that the law's market regulations would likely cause "rate shocks," particularly for younger, healthier people forced by ObamaCare to subsidize premiums for those who are older and sicker.

"We are very concerned about what will happen if essentially there is so much rate shock for young people that they're bound not to purchase (health insurance) at all," said California Insurance Commissioner Dave Jones.

That same month, Aetna CEO Mark Bertolini said ObamaCare will likely cause premiums to double for some small businesses and individuals.

And a more recent survey of insurers in five major cities by the American Action Forum found they expect premiums to climb an average 169%.

Cost people their jobs. The Federal Reserve's March beige book on economic activity noted that businesses "cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff.

Around the same time, Gallup reported a surge in part-time work in advance of ObamaCare's employer mandate. It found that part-timers accounted for almost 21% of the labor force, up from 19% three years ago.

Meanwhile, human resources consulting firm Adecco found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.

Tax the middle class. IBD reported in February that much of the $800 billion in tax hikes imposed by ObamaCare will end up hitting the middle class, including $45 billion in mandate penalties, $19 billion raised by limiting medical expense deductions, $24 billion through strict limits on flexible spending accounts, plus another $5 billion because ObamaCare bans using FSAs to buy over-the-counter drugs.

Add to the deficit. The Government Accountability Office reported in January that Obama-Care will likely add $6.2 trillion in red ink over 75 years if independent experts are right and several of its cost control measures don't work as advertised.

Cost more than promised. The Congressional Budget Office now says ObamaCare's insurance subsidies will cost $233 billion more over the next decade than it thought last year.

Be a bureaucratic nightmare. Consumers got their first glimpse of life under ObamaCare when the Health and Human Services Department released a draft insurance application form. It runs 21 pages. "Applying for benefits under President Barack Obama's health care overhaul could be as daunting as doing your taxes," the AP concluded after reviewing the form.

Exacerbate doctor shortages. Last summer, a study by the Association of American Medical Colleges found that the country will have 62,900 fewer doctors than its needs by 2015, thanks in large part to ObamaCare. At the same time, a survey of 13,000 doctors by the Physicians Foundation found that almost 60% of doctors say ObamaCare has made them less optimistic about the future of health care and they would retire today if they could.

Leave millions uninsured. After 10 years, ObamaCare will still leave 30 million without coverage, according to the CBO. As IBD reported, that figure could be much higher if the law causes premiums to spike and encourages people to drop coverage despite the law's mandate.

Guest


Guest

Horseshit!

ZVUGKTUBM

ZVUGKTUBM

PeeDog is on the roll tonight. He is lumping all of his anti-Obama rants into one thread. Sort of a one-stop shop for hating on the President.

http://www.best-electric-barbecue-grills.com

Markle

Markle

Dreamsglore wrote:Horseshit!

Facts really disturb you don't they?


Guest


Guest

She obviously read none of the data provided.

Guest


Guest

PACEDOG#1 wrote:Just over three years ago, then-Speaker Nancy Pelosi famously quipped about ObamaCare that "we have to pass the bill so you can find out what is in it.
But only now, as ObamaCare's third anniversary approaches ? President Obama signed it into law on March 23, 2010 ? is the country starting to find out what the sweeping health care overhaul will actually do.

ObamaCare backers typically tout popular features that went into effect almost immediately. The law expanded Medicare's drug coverage, for example, and let children stay on their parents' plans until they turned 26.

But the bulk of ObamaCare doesn't take effect until next year. That's when the so-called insurance exchanges are supposed to be up and running, when the mandate on individuals and businesses kicks in, and when the avalanche of regulations on the insurance industry hits.

As this start date draws near, evidence is piling up that ObamaCare will: Boost insurance costs. Officially the "Affordable Care Act," ObamaCare promised to lower premiums for families. But regulators decided to impose a 3.5% surcharge on insurance plans sold through federally run exchanges. There's also a $63 fee for every person covered by employers. And the law adds a "premium tax" that will require insurers to pay more than $100 billion over the next decade. The congressional Joint Committee on Taxation expects insurers to simply pass this tax onto individuals and small businesses, boosting premiums another 2.5%.

Push millions off employer coverage. In February, the Congressional Budget Office said that 7 million will likely lose their employer coverage thanks to ObamaCare ? nearly twice its previous estimate. That number could be as high as 20 million, the CBO says.

Cause premiums to skyrocket. In December, state insurance commissioners warned Obama administration officials that the law's market regulations would likely cause "rate shocks," particularly for younger, healthier people forced by ObamaCare to subsidize premiums for those who are older and sicker.

"We are very concerned about what will happen if essentially there is so much rate shock for young people that they're bound not to purchase (health insurance) at all," said California Insurance Commissioner Dave Jones.

That same month, Aetna CEO Mark Bertolini said ObamaCare will likely cause premiums to double for some small businesses and individuals.

And a more recent survey of insurers in five major cities by the American Action Forum found they expect premiums to climb an average 169%.

Cost people their jobs. The Federal Reserve's March beige book on economic activity noted that businesses "cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff.

Around the same time, Gallup reported a surge in part-time work in advance of ObamaCare's employer mandate. It found that part-timers accounted for almost 21% of the labor force, up from 19% three years ago.

Meanwhile, human resources consulting firm Adecco found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.

Tax the middle class. IBD reported in February that much of the $800 billion in tax hikes imposed by ObamaCare will end up hitting the middle class, including $45 billion in mandate penalties, $19 billion raised by limiting medical expense deductions, $24 billion through strict limits on flexible spending accounts, plus another $5 billion because ObamaCare bans using FSAs to buy over-the-counter drugs.

Add to the deficit. The Government Accountability Office reported in January that Obama-Care will likely add $6.2 trillion in red ink over 75 years if independent experts are right and several of its cost control measures don't work as advertised.

Cost more than promised. The Congressional Budget Office now says ObamaCare's insurance subsidies will cost $233 billion more over the next decade than it thought last year.

Be a bureaucratic nightmare. Consumers got their first glimpse of life under ObamaCare when the Health and Human Services Department released a draft insurance application form. It runs 21 pages. "Applying for benefits under President Barack Obama's health care overhaul could be as daunting as doing your taxes," the AP concluded after reviewing the form.

Exacerbate doctor shortages. Last summer, a study by the Association of American Medical Colleges found that the country will have 62,900 fewer doctors than its needs by 2015, thanks in large part to ObamaCare. At the same time, a survey of 13,000 doctors by the Physicians Foundation found that almost 60% of doctors say ObamaCare has made them less optimistic about the future of health care and they would retire today if they could.

Leave millions uninsured. After 10 years, ObamaCare will still leave 30 million without coverage, according to the CBO. As IBD reported, that figure could be much higher if the law causes premiums to spike and encourages people to drop coverage despite the law's mandate.

This is a very good summary of it all.

Its obvious though that people are not going to grasp this till it hits their wallet and their care. hats really sad is 2013 was supposed to be a padded year where the gov bribed a bunch of doctors to take Medicaid in order to get them hooked, but the gov isn't paying and it isn't working. I guess most of the doctors have caught on now. You see the lies worked on many health professionals right up until Nov when the fee schedule came out. Had that fee schedule come out a few months earlier, Obamas ass would probably not be in office with the backlash form healthcare professionals across the nation.

The additional 2% medicare fee cut for ALL services started yesterday btw.

by the time the mandate kicks in, its going to be uglier than it is now. I expect fully that within 5 years we will see lots more deaths as a result of less referrals for pathology, urology, radiology and cardiology. All specialties who took big hits and some places will have to close their doors, while others grow larger, do more with less increasing the chances for medical errors.

also, while pre existing conditions cant be denied, if you smoke you will get a higher premium, its part of obamacare. so what they are doing is taxing people for being unhealthy, im sure this is just a starting place for these dictators.

Guest


Guest

ZVUGKTUBM wrote:PeeDog is on the roll tonight. He is lumping all of his anti-Obama rants into one thread. Sort of a one-stop shop for hating on the President.

Pretty funny coming from someone obsessed with "hating on" a FORMER (read long gone) President. I guess some folks just like to live in the past since the present is so bad by comparison.

Guest


Guest

nochain wrote:
ZVUGKTUBM wrote:PeeDog is on the roll tonight. He is lumping all of his anti-Obama rants into one thread. Sort of a one-stop shop for hating on the President.

Pretty funny coming from someone obsessed with "hating on" a FORMER (read long gone) President. I guess some folks just like to live in the past since the present is so bad by comparison.

Is it really 'hating' on the cowh or his horrible healthcare initiative?...Didn't see this as a personal attack only pointing out the faults of this [name] cowh healthcare...Instead of deflecting and just saying something as clever as 'horse____' like 'nightmare' and 'hating on the cowh' like 'z'...why not take the time and point out the incorrect portions and/or defend that what was posted is wrong...not that anyone expects logic from either poster....

cool1

cool1

PACEDOG#1 wrote:http://news.investors.com/032113-648891-obamacare-turns-3-10-disturbing-facts-about-health-law.aspx

From the linked article:


Boost insurance costs.
Push millions off employer coverage.
Cause premiums to skyrocket.
Cost people their jobs.
Tax the middle class
Add to the deficit.
Cost more than promised.
Be a bureaucratic nightmare
Exacerbate doctor shortages.
Leave millions uninsured.



Rolling Eyes They should have just let us purchase health insurance like car insurance --and let insurance companys fight for customers ---would have saved money and time and paperwork -less confusion I think .

I dont know why they made such a confusing mess of it all . Rolling Eyes

Margin Call

Margin Call

So interesting to see the facts have been established for events that haven't taken place yet.

Guest


Guest

cool1 wrote:
PACEDOG#1 wrote:http://news.investors.com/032113-648891-obamacare-turns-3-10-disturbing-facts-about-health-law.aspx

From the linked article:


Boost insurance costs.
Push millions off employer coverage.
Cause premiums to skyrocket.
Cost people their jobs.
Tax the middle class
Add to the deficit.
Cost more than promised.
Be a bureaucratic nightmare
Exacerbate doctor shortages.
Leave millions uninsured.



Rolling Eyes They should have just let us purchase health insurance like car insurance --and let insurance companys fight for customers ---would have saved money and time and paperwork -less confusion I think .

I dont know why they made such a confusing mess of it all . Rolling Eyes


The cowh's own Health and Human Service Secretary admitted to cost increases via insurance and that not all would be allowed to keep their physican ...both were promised by the cowh...Disagree? Take it up within the administration...

Guest


Guest

Better read up on this one:
The additional 2% medicare fee cut for ALL services started yesterday btw

Wasn't the extra medicaid payments to doc's only if your state accepted the Medicaid money from the govt? Florida has not yet.

Guest


Guest

doubtingthomas wrote:Better read up on this one:
The additional 2% medicare fee cut for ALL services started yesterday btw

Wasn't the extra medicaid payments to doc's only if your state accepted the Medicaid money from the govt? Florida has not yet.

your thinking of the Medicaid "expansion".

Here is part of the article I got on this the Medicaid deal.

The goal of this Medicaid-Medicare parity is to attract more primary care physicians to Medicaid — which is already shorthanded — just before the ACA brings millions more Americans into the program in 2014 and beyond through expanded eligibility requirements. The Supreme Court ruled last year that states have the right not to participate in this expansion. Nevertheless, the Medicaid pay raise applies in every state.

http://www.medscape.com/viewarticle/780641

This is basically a bribe to get more docs, Medicaid already has a shortage of docs who accept it.

The ADDITIONAL 2% medicare fee cut is part of the sequester on top of the ACA cuts that went into effect Jan 1st of this year. My profession took a 52% cut on our main CPT code. so anyone here who thinks I would be singing any happy tunes about this monster would have to be out of their mind. Not saying you do, just reaffirming where I stand on it.

Guest


Guest

Chrissy wrote:
doubtingthomas wrote:Better read up on this one:
The additional 2% medicare fee cut for ALL services started yesterday btw

Wasn't the extra medicaid payments to doc's only if your state accepted the Medicaid money from the govt? Florida has not yet.

your thinking of the Medicaid "expansion".

Here is part of the article I got on this the Medicaid deal.

The goal of this Medicaid-Medicare parity is to attract more primary care physicians to Medicaid — which is already shorthanded — just before the ACA brings millions more Americans into the program in 2014 and beyond through expanded eligibility requirements. The Supreme Court ruled last year that states have the right not to participate in this expansion. Nevertheless, the Medicaid pay raise applies in every state.

http://www.medscape.com/viewarticle/780641

This is basically a bribe to get more docs, Medicaid already has a shortage of docs who accept it.

The ADDITIONAL 2% medicare fee cut is part of the sequester on top of the ACA cuts that went into effect Jan 1st of this year. My profession took a 52% cut on our main CPT code. so anyone here who thinks I would be singing any happy tunes about this monster would have to be out of their mind. Not saying you do, just reaffirming where I stand on it.

That's a good start on all these overcharged medical procedures in this country. You act like you own the lab and it cut in on your profits. you're just a salaried worker.

Guest


Guest

Dreamsglore wrote:
Chrissy wrote:
doubtingthomas wrote:Better read up on this one:
The additional 2% medicare fee cut for ALL services started yesterday btw

Wasn't the extra medicaid payments to doc's only if your state accepted the Medicaid money from the govt? Florida has not yet.

your thinking of the Medicaid "expansion".

Here is part of the article I got on this the Medicaid deal.

The goal of this Medicaid-Medicare parity is to attract more primary care physicians to Medicaid — which is already shorthanded — just before the ACA brings millions more Americans into the program in 2014 and beyond through expanded eligibility requirements. The Supreme Court ruled last year that states have the right not to participate in this expansion. Nevertheless, the Medicaid pay raise applies in every state.

http://www.medscape.com/viewarticle/780641

This is basically a bribe to get more docs, Medicaid already has a shortage of docs who accept it.

The ADDITIONAL 2% medicare fee cut is part of the sequester on top of the ACA cuts that went into effect Jan 1st of this year. My profession took a 52% cut on our main CPT code. so anyone here who thinks I would be singing any happy tunes about this monster would have to be out of their mind. Not saying you do, just reaffirming where I stand on it.

That's a good start on all these overcharged medical procedures in this country. You act like you own the lab and it cut in on your profits. you're just a salaried worker.

being a manager means making sure the department is profitable as well as many many other task. Its above your pay grade so don't worry about it.

Margin Call

Margin Call

Chrissy wrote:
doubtingthomas wrote:Better read up on this one:
The additional 2% medicare fee cut for ALL services started yesterday btw

Wasn't the extra medicaid payments to doc's only if your state accepted the Medicaid money from the govt? Florida has not yet.

your thinking of the Medicaid "expansion".

Here is part of the article I got on this the Medicaid deal.

The goal of this Medicaid-Medicare parity is to attract more primary care physicians to Medicaid — which is already shorthanded — just before the ACA brings millions more Americans into the program in 2014 and beyond through expanded eligibility requirements. The Supreme Court ruled last year that states have the right not to participate in this expansion. Nevertheless, the Medicaid pay raise applies in every state.

http://www.medscape.com/viewarticle/780641

This is basically a bribe to get more docs, Medicaid already has a shortage of docs who accept it.

The ADDITIONAL 2% medicare fee cut is part of the sequester on top of the ACA cuts that went into effect Jan 1st of this year. My profession took a 52% cut on our main CPT code. so anyone here who thinks I would be singing any happy tunes about this monster would have to be out of their mind. Not saying you do, just reaffirming where I stand on it.

My GP just bought a $250k boat.

Guest


Guest

Hi ladies. I don't work for any lab... but I think we've returned to a time for elixirs. For a limited time only I'll prepare a solution to your problems at less than the obamacare penalty... opps I meant tax. I'm also willing to barter for mutually beneficial procedures.

Guest


Guest

PkrBum wrote:Hi ladies. I don't work for any lab... but I think we've returned to a time for elixirs. For a limited time only I'll prepare a solution to your problems at less than the obamacare penalty... opps I meant tax. I'm also willing to barter for mutually beneficial procedures.


Wink

Guest


Guest

Dreamsglore wrote:

That's a good start on all these overcharged medical procedures in this country. You act like you own the lab and it cut in on your profits. you're just a salaried worker.

She has a job. You don't. STHU.

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