It's Here to Stay....CBO Bomb

This country is going to flip once the law goes into full effect.

Huge premium increases on the way
Community rating
Essential benefits
Fed guidelines for plan design. What I am hearing right now is that every plan has to have a $2,000 deductible with 60% actuarial value.

People have no clue what is about to happen with premium increases.
 
There is a place for agents. Come on Chumps, we need the experienced ones to stay in the market. Otherwise, a lot of people will be misguided. Look at California and hope the model is the same in your state. Private exchanges and domains like cahealthexchange.com or cahealthbenefitsexchange.com will become some popular real estate.
 
Most of you weren't in the benefits business when ERISA became law in 1974. I was fresh out of college and just staring my career . . . . with an employee benefits firm.

They had two departments. One for pensions the other for group insurance.

I was hired by the group side.

Within 15 years the pension side was all but gone, thanks to ERISA.

What ERISA did to collapse the pension market in private industry, Obamacare will do to employer group insurance.
 
Yagents said:
To repeal PPACA, now equals raising the debt/deficit. Won't happen. Dems now have a weapon, and repubs can only talk about is gov't takeover. Too bad reality is the opposite. You best prepare, cuz' it's here to stay...

CBO says reform still shrinks deficit | BenefitsPro
Click to expand...

Fortunately, many of the voters who are against PPACA understand math, and they know that figures don't lie, but liars figure. The CBO's estimates of PPACA's cost and future debt reduction have been laughable to those people all along. Business owners have long understood that this would raise costs and raise taxes. Even common ordinary Americans realize our budget is out of control and they would never run their households in this manner.
Why S&P Downgraded the US:
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent (April) budget cut: $ 38,500,000,000

Let's remove 8 zeros and pretend it's a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385
​
Cutting another $84 billion nationally is like this household budget cutting another $840. Romney needs to stay on target and talk about the economy, the unsuccessful subsidies and mishandling of our national budget & deficit. Health care reform is just a piece of that puzzle. I believe that's the way most Americans look at it, and if Romney stays on course he can overcome this.
 
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