g5000
Diamond Member
- Nov 26, 2011
- 125,933
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If you have the intellectual capacity of a Post-It Note, and can only utter nonsensical catchphrases like "death panels" or "45 million uninsured Americans", and have the attention span like that of a goldfish, this topic is not for you.
I would like to discuss the legitimate reasons to oppose the PPACA (a.k.a. ACA, a.k.a. ObamaCare). For those who would like to read the official text of the law, go here: Certified Full-Text Version: Affordable Care Act
First, let's talk about the costs of ObamaCare. The claimed and the real.
The CBO projected ObamaCare would cost $940 billion over the first ten years. This cost would be offset by higher taxes on rich people, some new taxes on rich people and healthcare providers, and cuts to Medicare.
The CBO said ObamaCare would actually reduce federal deficits since it would generate more revenue than it would cost.
Remember that for later.
Obama personally promised he would not sign a law that would add a single dime to the federal deficits. I would like you note this was a promise to protect the federal deficits. This will be important later.
Now, let's look at one of the revenue raising provisions in ObamaCare: the Cadillac insurance tax. This was a 40 percent tax on any employer provided health insurance plan which exceeded $27,000 in value.
Cadillac insurance plans are a big labor union perk in many a contract negotiation. And so it should not surprise you to learn the Democratic Congress and Obama began granting waivers to this tax before the ink was even dry on the PPACA.
Labor's $60 Billion Payoff
Another way the cost of ObamaCare was going to be offset was by making cuts to Medicare.
For anyone who has been even semi-conscious since the Clinton "balanced budgets", this ploy in ObamaCare should have roused the loudest of scoffing outbursts.
For those of you who have no idea what I am talking about, I refer you to the annual "doc fix" dog and pony show put on by Congress since the year 2000.
You see, Clinton's balanced budgets heavily depended on cuts to Medicare. Instead of paying a doctor $35 for an x-ray, say, Medicare would only pay him $30.
But these cuts never happened. Doctors will simply stop accepting Medicare patients if it costs more to treat them than they recoup in payments. Simple math.
So building in Medicare cuts into ObamaCare was the height of willful deception on the part of Obama and the Democrats.
And sure enough, when those cuts were supposed to take place, the inevitable happened: Government reverses plan to cut Medicare Advantage rate
Did you catch that? Instead of a 2.3% decrease, there was a 3.3% increase!
ObamaCare is adding to our deficits, ladies and gentlemen.
Not only that, the CBO has had to revise the cost of ObamaCare upward.
Here is Obama stumping for ObamaCare in 2009:
Now I want you to go to this May 2013 CBO document: CBO's May 2013 Estimate of the Effects of the Affordable Care Act on Health Insurance Coverage
Go Table 2 and look at the line which says "Gross Cost of Coverage Provisions". Look at the last column which provides the new projected ten year cost: $1.798 trillion. Literally double what Obama claimed it would cost.
More importantly, I want you to look at the line which says "NET OF COVERAGE PROVISIONS". This is how much ObamaCare will actually cost after subtracting the extra and new taxes and cuts to Medicare and so forth: $1.363 trillion.
$1.363 trillion added to the federal deficits. I told you earlier to remember the CBO initially claimed ObamaCare would reduce federal deficits.
Kind of makes your lungs explode laughing over Obama's promise, "I will not sign a plan that adds one dime to our deficits -- either now or in the future", does it not?
More to come...
I would like to discuss the legitimate reasons to oppose the PPACA (a.k.a. ACA, a.k.a. ObamaCare). For those who would like to read the official text of the law, go here: Certified Full-Text Version: Affordable Care Act
First, let's talk about the costs of ObamaCare. The claimed and the real.
The CBO projected ObamaCare would cost $940 billion over the first ten years. This cost would be offset by higher taxes on rich people, some new taxes on rich people and healthcare providers, and cuts to Medicare.
The CBO said ObamaCare would actually reduce federal deficits since it would generate more revenue than it would cost.
Remember that for later.
Obama personally promised he would not sign a law that would add a single dime to the federal deficits. I would like you note this was a promise to protect the federal deficits. This will be important later.
Now, let's look at one of the revenue raising provisions in ObamaCare: the Cadillac insurance tax. This was a 40 percent tax on any employer provided health insurance plan which exceeded $27,000 in value.
Cadillac insurance plans are a big labor union perk in many a contract negotiation. And so it should not surprise you to learn the Democratic Congress and Obama began granting waivers to this tax before the ink was even dry on the PPACA.
Labor's $60 Billion Payoff
Democrats seem impervious to embarrassment as they buy votes for ObamaCare, but their latest move makes even Nebraska's Ben Nelson look cheap: The 87% of Americans who don't belong to a union will now foot the bill for a $60 billion giveaway to those who do.
The Senate bill was financed in part by a 40% excise tax on high-cost insurance coverage. The White House backs this "Cadillac tax" as one of the few remaining cost-control tokens. But Big Labor abhors the tax because union benefits tend to be far more generous than average, and labor leaders and House Democrats have been throwing a political tantrum for weeks.
So emerging from their backrooms, Democrats have agreed to extend a special exemption from the Cadillac tax to any health plan that is part of a collective-bargaining agreement, plus state and local workers, many of whom are unionized. Everyone else with a higher-end plan will start to be taxed in 2013, but union members will get a free pass until 2018.
Another way the cost of ObamaCare was going to be offset was by making cuts to Medicare.
For anyone who has been even semi-conscious since the Clinton "balanced budgets", this ploy in ObamaCare should have roused the loudest of scoffing outbursts.
For those of you who have no idea what I am talking about, I refer you to the annual "doc fix" dog and pony show put on by Congress since the year 2000.
You see, Clinton's balanced budgets heavily depended on cuts to Medicare. Instead of paying a doctor $35 for an x-ray, say, Medicare would only pay him $30.
But these cuts never happened. Doctors will simply stop accepting Medicare patients if it costs more to treat them than they recoup in payments. Simple math.
So building in Medicare cuts into ObamaCare was the height of willful deception on the part of Obama and the Democrats.
And sure enough, when those cuts were supposed to take place, the inevitable happened: Government reverses plan to cut Medicare Advantage rate
The federal government has reversed a proposed cut that could have left millions who get their health insurance through the Medicare Advantage plan paying more for coverage.
The Centers for Medicare and Medicaid Services (CMS) announced Monday the final Medicare Advantage rates for 2014.
CMS had initially proposed a 2.3% reduction in what the government pays the insurance companies that provide the plans -- a move that would have saved the government money but potentially would cost the public more.
However, CMS on Monday announced a 3.3% increase instead.
Did you catch that? Instead of a 2.3% decrease, there was a 3.3% increase!
ObamaCare is adding to our deficits, ladies and gentlemen.
Not only that, the CBO has had to revise the cost of ObamaCare upward.
Here is Obama stumping for ObamaCare in 2009:
Now, add it all up, and the plan I'm proposing will cost around $900 billion over 10 years -- less than we have spent on the Iraq and Afghanistan wars, and less than the tax cuts for the wealthiest few Americans that Congress passed at the beginning of the previous administration. (Applause.)
Now I want you to go to this May 2013 CBO document: CBO's May 2013 Estimate of the Effects of the Affordable Care Act on Health Insurance Coverage
Go Table 2 and look at the line which says "Gross Cost of Coverage Provisions". Look at the last column which provides the new projected ten year cost: $1.798 trillion. Literally double what Obama claimed it would cost.
More importantly, I want you to look at the line which says "NET OF COVERAGE PROVISIONS". This is how much ObamaCare will actually cost after subtracting the extra and new taxes and cuts to Medicare and so forth: $1.363 trillion.
$1.363 trillion added to the federal deficits. I told you earlier to remember the CBO initially claimed ObamaCare would reduce federal deficits.
Kind of makes your lungs explode laughing over Obama's promise, "I will not sign a plan that adds one dime to our deficits -- either now or in the future", does it not?
More to come...
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