likes

Archived Story

Obamacare adds to national debt

Published 9:45am Friday, October 11, 2013

Obamacare facts: The Democrats did not let the Republicans have any negotiation on this law. They shoved it through without a single Republican vote in the Senate, and they controlled the House then, also. Then after it was passed President Barack Obama has given 19 groups exceptions so they do not have to be covered under the law. This included big companies for a year (after the next election) and unions. Congress and its staff were to be required to be covered by the law, but again Obama is going to give them the extra money it is costing to be in the law.

The Supreme Court approved it because it was a tax since there are like 15-16 different taxes in the law. They plan on paying for it by making young people have insurance and (to help pay for the extra costs that older people experience) or pay a penalty. Plus they plan on $500 billion in savings by reducing costs in Medicare over 10 years, seniors.

The Congressional Budget Office has now said it will cost double from the original figures that were used. If young people do not sign up, it will cost even cost more.

Our national debt is $16 trillion-plus and will go up even more after this law. This year’s debt is down this year only because of the sequester that the Republicans forced on Obama.

 

Russel Tordoff
Glenville

  1. Nikki Kirsch

    Can you cite your sources of these facts? I’ve heard different information on the ESTIMATES of the cost from recent testimonies of both economic experts as well as some of the people who built the system given to bi-partisan congressional committees on C-Span. No one knows how much it will cost because there are many different factors involved.
    “The Supreme Court approved it because it was a tax since there are like 15-16 different taxes in the law. They plan on paying for it by making young people have insurance and (to help pay for the extra costs that older people experience) or pay a penalty.” The Supreme Court didn’t uphold the the law “because it’s a tax”, their decision stated that the penalty IS a tax. You’re quote sounds as if you think there will be taxes and penalties to be paid if you do not follow the individual mandate portion of the law. Although there are some taxes in the law, for example the medical device tax- which was negotiated to a lower percentage by republicans. I can’t remember the exact figures off the top of my head, but I think it started at around 8%, the Republicans wanted around 3% and was ultimately negotiated to around 5% and one of the bills brought to the House floor just before the shutdown called for it to be repealed.
    “Plus they plan on $500 billion in savings by reducing costs in Medicare over 10 years, seniors.” You say this like it’s a bad thing. There will be millions of dollars saved by the Affordable Care Act by creating competition and transparency in billing practices, as well as many other areas of the healthcare system as well. For example, Obamacare states that a certain percentage of premiums and fees paid to insurance companies must cover actual healthcare, this has already been beneficial to many people that were sent checks from their insurers that didn’t actually give them any positive health benefit from their money paid. Who knows where that money went before Obamacare.
    I don’t know you mean by “Congress and its staff were to be required to be covered by the law, but again Obama is going to give them the extra money it is costing to be in the law.” Congress and their staff and other members of the gov’t were exempted- meaning they don’t have to follow the law- they’re not getting any ‘money’ by which I think you mean to say subsidies. They did this to ensure fairness to the low-paid staff members that wouldn’t qualify for subsidies to help cover costs because of their job. I don’t entirely agree with this, either. And republicans chose not to have any input in the law, or were outvoted. One thing they also haven’t done, helped make it better. I don’t understand why they don’t want my mother or my fiance to have insurance as they both have per-existing conditions, but I do know that this law will do many millions of people much good, while Republicans are literally only hurting people with this shutdown. Let’s not propagate lies as truth, we get enough of that from the spin doctors.

  2. Randy Kruckeberg

    Nikki……You spin me right ’round, baby Right ’round like a record, baby Right ’round, ’round, ’round You spin me right ’round, baby Right ’round like a record, baby
    Right ’round, ’round, ’round

    The people currently signed up is way below expectations coupled with higher prices for less care along with the web sites that don’t work the plan is imploding all by itself people are losing their current plans and their jobs because of Obamacare.

    I remember the current office holder said “we could keep our old plans” but that was just a bold face lie. I hope nikki you are young so you can really pay your “fair share” because if the young don’t pay for this it will fail have you signed up yet Nikki? You need to take some of your own “bad medicine” before prescribing it to others!

  3. Nikki Kirsch

    First of all, I’m not a doctor and making no prescriptions; just trying to tell the TRUTH about a LAW rather than further obscuring facts based on political affiliation. We are clearly a divided people and so have a divided government that is, just like our population, controlled by the 1% rather than the majority.

    Secondly and to your point, it’s only the 14th day of availability and people have 3 months to enroll, until Dec 15th, with coverage starting on January 1. I don’t know what estimates of people signing up you heard or where you heard them, but the number of actual people that have actually signed up FAR exceeded everyone’s expectations (except yours, I guess) straight out of the gate. These “website problems” happened because there was so much traffic on the sites, all of the problems have been fixed quickly, which was expected and happens anytime there is a website launched or inundated with traffic. Let’s not blame Obama for small, inconsequential and quickly resolved technology glitches that are completely normal.

    Furthermore, businesses cutting hours to circumvent paying for benefits is nothing new, and let’s not pretend like it is. People are losing their jobs because of the uncertainty caused by the obstructionist policy of Republicans against the President. Plain, simple and clear to see by anyone who’s looking. Of course we have different ideas about how to get people back to work but shutting down the Federal government and risking default is no way to get people hired or boost the economy.

    Finally, Yes I have insurance. No, I haven’t lost my plan or any of its benefits and no, it doesn’t suddenly cost more. Yes I am relatively young and yes I certainly pay my fair share. Everybody needs insurance and that includes young people. Preventative care is what makes people healthy, and that is impossible to afford without insurance. Part of the reason the fee-for-service healthcare system is so expensive is because people without insurance receive their primary care from the emergency room, where it’s harder to treat, without any follow-up and is the most expensive care in the system.

    You can’t say after 14 days since its launch whether or not the system is “imploding” and I think it’s ridiculous that you do. The only reason this is such a talking point is to scare the less informed into not getting coverage, making the system work less than optimally, hoping it will implode. Just the fact that SO many people will now be able to afford coverage that couldn’t before is proof to me that it does, at least provide more care. The more people that choose to follow the mandate and get coverage instead of paying the penalty will bring down the cost and changes in the way insurers can spend the money will also affect costs. This will take a while for the changes in the entire system to settle out and then and ONLY then will we really, truthfully be able to say that Obamacare is or isn’t forcing “higher prices for less less care.”