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ShcShc11

The cost of repealing Affordable Health Care Act would be 109B$ extra to the deficit.

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According to a Congressional Budget Office on Tuesday:

"The nonpartisan organization released a report that finds the cost of repealing the reform will balloon government deficits by $109 billion between 2013 and 2022. Repealing ACA would be a form of tax to Americans and businessmen.

The CBO's report reveals the practical hurdles to repeal and underscores a growing pattern in which the key stakeholders -- states, medical providers, businesses, insurers and consumer groups -- are moving beyond the partisan squabble to the no-nonsense work of building the market place of 2014, where everyone will be able to purchase affordable insurance regardless of pre-existing conditions."

http://cbo.gov/publication/43471


"What Is the Impact of Repealing the ACA on the Federal Budget?
Assuming that H.R. 6079 is enacted near the beginning of fiscal year 2013, CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion"


Cheers! :)Shc

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"Specifically, we estimate that H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 2013 and 2022, thus adding $109 billion to federal budget deficits over that period"

Does this mean that the federal gov. is in the process of increasing revenues by $109 billion more in the name of healthcare than it plans to spend on healthcare?

James

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Horse Shit!!



yes, it would indeed suck if the ACA were to be repealed. A purely partisan attempt by the GOP to win ignorant votes at the expense of the public good.
...

The only sure way to survive a canopy collision is not to have one.

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We will soon start seeing reams of people saying "if ACA is repealed I guess I'll just have to lay off all my workers and go out of business. Nice way to fuck over small businesses, GOP!"



I believe that. I suspect it's the entire point of the study too.

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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Horse Shit!!



yes, it would indeed suck if the ACA were to be repealed. A purely partisan attempt by the GOP to win ignorant votes at the expense of the public good.


You can call me Channman, or you could call me Ray...but you don't have to call me ignorant:P

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We will soon start seeing reams of people saying "if ACA is repealed I guess I'll just have to lay off all my workers and go out of business. Nice way to fuck over small businesses, GOP!"



Really...:S are you talking about your business?

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>Really... are you talking about your business?

No, mainly the imaginary businesses right wingers have been shutting down due to Obamacare.



Completly off topic, but have you seen the movie 2016? Was thinking about heading down to AMC 30 this weekend and checking it out...not sure if its safe with all the possible nuts that could be lurking around, but I might take my chances.

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Didn't we have this discussion already? Some points that are being left out:

1. ACA has a huge tax hike up front before it kicks in. You are taxed on it for 5 years before the benefits kick in. So yes, up to 2022 it's "deficit neutral". After that the deficit continues like a freight train. Accounting gimmicks.

2. When the tax hikes kick in, employers will start firing people to make up the difference. But don't worry, they will have health insurance After the benefits finally kick in.

3. If you don't put your money in a safe haven over seas, you will loose it all to the government. Grandpa and grandma who's only income is capital gains is screwed. Time to go back to work or move in with the kids.

(Number 3 really has nothing to do with the topic. Just wanted to through it in. Paul Ryan isn't the only one throwing granny over the cliff...)

Edited to add:

4. And the 2022 number is arbitrary. Since Obama Care has caused health care to skyrocket, I would expect the turn around to happen before that.:)

"There is an art, it says, or, rather, a knack to flying. The knack lies in learning how to throw yourself at the ground and miss."
Life, the Universe, and Everything

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1. ACA has a huge tax hike up front before it kicks in. You are taxed on it for 5 years before the benefits kick in. So yes, up to 2022 it's "deficit neutral". After that the deficit continues like a freight train. Accounting gimmicks.



Can you point out the EXACT "accounting gimmicks" that you are talking about?

I absolutely love accounting and would love to discuss about it. Imagine if you wrote this on the UFE... you would get "NC" for lack of proof and unbacked assumptions.

Its funny when an unbiased nonpartisan group comes along and says the truth, its now "accounting gimmicks".


Cheers! :)Shc

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The costs associated with pitching Obamacare are akin to warnings not to induce vomiting on some household poisons.

Just because further damage may ensue by immediately expelling the toxin does not mean that it is good for you. One would be as well advised to avoid swallowing either the caustic household chemical or the "solution" to health care woes that was rammed down our collective throat.

First off, the health care system in the U.S. is badly broken. Having said that, Obamacare is anything but a fix. Rather than addressing any of the real issues we face, Obamacare serves to exacerbate the worst of them, while creating other problems we did not yet have.

The political parties in this country take turns showing how badly they can fuck things up, and it's often a tie. Invading Iraq is admittedly hard to top as blunders go, but Obamacare certainly ranks as a world-class exercise in dunderheadedness.

Regardless of who gets elected in this go-around, we are beyond screwed.


BSBD,

Winsor

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1. ACA has a huge tax hike up front before it kicks in. You are taxed on it for 5 years before the benefits kick in. So yes, up to 2022 it's "deficit neutral". After that the deficit continues like a freight train. Accounting gimmicks.



Can you point out the EXACT "accounting gimmicks" that you are talking about?

I absolutely love accounting and would love to discuss about it. Imagine if you wrote this on the UFE... you would get "NC" for lack of proof and unbacked assumptions.

Its funny when an unbiased nonpartisan group comes along and says the truth, its now "accounting gimmicks".


Cheers! :)Shc


I didn't feel the need to attach anything because this was all discussed till nausea in 2009 when the bill was being passed like I said in my last post. This is all a rehash for the election.

But, if your memory isn't what it used to be from drugs, hypoxia, what ever, here is a quick rehash from 2009. It has pictures and graphs and everything so you don't have to do a lot of reading.....:ph34r:

http://online.wsj.com/article/SB10001424052970203609204574314622075560890.html
"There is an art, it says, or, rather, a knack to flying. The knack lies in learning how to throw yourself at the ground and miss."
Life, the Universe, and Everything

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